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Mar 31, 2022
ACV Auctions Q1 2022 Earnings Report
ACV Auctions reported solid revenue growth and market share gains.
Key Takeaways
ACV Auctions announced its Q1 2022 results, revealing a 49% year-over-year increase in revenue, reaching $103 million. The company's Marketplace GMV grew by 83% year-over-year, while Marketplace Units increased by 9%. The Adjusted EBITDA loss was $18 million.
Revenue of $103 million, an increase of 49% year over year.
Marketplace and Service revenue of $88 million, an increase of 51% year over year.
Marketplace GMV of $2.4 billion, an increase of approximately 83% year over year.
Marketplace Units of 140,125, an increase of 9% year over year.
ACV Auctions
ACV Auctions
ACV Auctions Revenue by Segment
Revenue by Segment
Marketplace and Service Revenue
CapyFin.comCustomer Assurance Revenue
CapyFin.com Forward Guidance
ACV expects Q2 2022 revenue of $109 to $112 million and Adjusted EBITDA loss of $16 to $17 million. For the full year 2022, revenue is expected to be $452 to $460 million and Adjusted EBITDA loss of $53 to $57 million.
Positive Outlook
- Total revenue of $109 to $112 million, an increase of 12% to 15% year over year
- Believes they have multiple levers in business model
- Multiple paths to achieve 2022 revenue guidance.
Challenges Ahead
- Adjusted EBITDA loss of $16 to $17 million
- GAAP net loss of $30 to $31 million
- Non-GAAP net loss of $18 to $19 million
- Adjusted EBITDA loss of $53 to $57 million
- GAAP net loss of $116 to $120 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income