ACV Auctions(US:ACVA)2025-08-11 21:00Financial Performance - ACV Auctions' Q2-25 revenue reached $194 million, a 21% year-over-year increase compared to $161 million in Q2-24[13] - Adjusted EBITDA for Q2-25 was $19 million, significantly higher than the $7 million in Q2-24[13] - Marketplace units in Q2-25 totaled 210,000, up from 187,000 in Q2-24[13] - The company anticipates full year 2025 revenue to be between $765 million and $775 million, representing a year-over-year growth of 20% to 22%[70] - Adjusted EBITDA for the full year 2025 is projected to be between $68 million and $72 million, with an Adjusted EBITDA margin of approximately 9%[70] Revenue Streams - SaaS & Data Services accounted for 57% of revenue in Q2-25, showing approximately flat year-over-year growth[60] - Data-enabled solutions contributed 38% to the revenue in Q2-25, with a 25% year-over-year increase[60] - Marketplace Services made up 5% of the revenue in Q2-25, reflecting a 20% year-over-year increase[60] Operational Efficiency - Non-GAAP cost of revenue decreased from 49% of revenue in Q2-24 to 47% in Q2-25[63] - Non-GAAP operating expenses (excluding cost of revenue) also decreased from 50% of revenue in Q2-24 to 47% in Q2-25[63] Capital and Cash Flow - As of June 30, 2025, ACV Auctions had $305 million in cash, cash equivalents, and marketable securities[68] - Operating cash flow for the first half of 2025 was $80 million, a 70% increase year-over-year compared to $47 million in the first half of 2024[68]