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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and ASHFORD HOSPITALITY TRUST INC (AHT). Click either name above to swap in a different company.
ASHFORD HOSPITALITY TRUST INC is the larger business by last-quarter revenue ($259.0M vs $183.6M, roughly 1.4× ACV Auctions Inc.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs -6.0%). ACV Auctions Inc. produced more free cash flow last quarter ($-14.7M vs $-86.8M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -7.7%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
Ashford Hospitality Trust Inc is a U.S.-headquartered real estate investment trust focused on upper-upscale full-service hotel properties across key U.S. urban, suburban and resort markets. Its portfolio holds assets under top global hospitality brands, serving business and leisure travelers, with a focus on long-term value growth and stable shareholder returns.
ACVA vs AHT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $259.0M |
| Net Profit | — | $-69.3M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | -2.6% |
| Net Margin | — | -26.8% |
| Revenue YoY | 15.1% | -6.0% |
| Net Profit YoY | — | 44.2% |
| EPS (diluted) | $-0.12 | $-12.85 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | $259.0M | ||
| Q3 25 | $199.6M | $266.1M | ||
| Q2 25 | $193.7M | $302.0M | ||
| Q1 25 | $182.7M | $277.4M | ||
| Q4 24 | $159.5M | $275.5M | ||
| Q3 24 | $171.3M | $276.6M | ||
| Q2 24 | $160.6M | $316.5M | ||
| Q1 24 | $145.7M | $303.9M |
| Q4 25 | — | $-69.3M | ||
| Q3 25 | $-24.5M | $-60.1M | ||
| Q2 25 | $-7.3M | $-30.4M | ||
| Q1 25 | $-14.8M | $-20.0M | ||
| Q4 24 | — | $-124.2M | ||
| Q3 24 | $-16.0M | $-57.9M | ||
| Q2 24 | $-17.1M | $50.3M | ||
| Q1 24 | $-20.5M | $71.6M |
| Q4 25 | -9.7% | -2.6% | ||
| Q3 25 | -11.9% | 4.6% | ||
| Q2 25 | -3.7% | 16.3% | ||
| Q1 25 | -7.9% | 22.2% | ||
| Q4 24 | -16.2% | -17.8% | ||
| Q3 24 | -10.0% | 7.3% | ||
| Q2 24 | -11.6% | 42.8% | ||
| Q1 24 | -15.5% | 50.2% |
| Q4 25 | — | -26.8% | ||
| Q3 25 | -12.3% | -22.6% | ||
| Q2 25 | -3.8% | -10.1% | ||
| Q1 25 | -8.1% | -7.2% | ||
| Q4 24 | — | -45.1% | ||
| Q3 24 | -9.4% | -20.9% | ||
| Q2 24 | -10.6% | 15.9% | ||
| Q1 24 | -14.1% | 23.5% |
| Q4 25 | $-0.12 | $-12.85 | ||
| Q3 25 | $-0.14 | $-11.35 | ||
| Q2 25 | $-0.04 | $-6.88 | ||
| Q1 25 | $-0.09 | $-4.91 | ||
| Q4 24 | $-0.15 | $-13.64 | ||
| Q3 24 | $-0.10 | $-12.39 | ||
| Q2 24 | $-0.10 | $2.50 | ||
| Q1 24 | $-0.13 | $5.99 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $66.1M |
| Total DebtLower is stronger | — | $2.5B |
| Stockholders' EquityBook value | $429.7M | $-626.4M |
| Total Assets | $1.1B | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $66.1M | ||
| Q3 25 | $265.3M | $81.9M | ||
| Q2 25 | $258.4M | $100.0M | ||
| Q1 25 | $291.9M | $85.8M | ||
| Q4 24 | $224.1M | $112.9M | ||
| Q3 24 | $252.5M | $119.7M | ||
| Q2 24 | $215.0M | $121.8M | ||
| Q1 24 | $209.8M | $111.1M |
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $429.7M | $-626.4M | ||
| Q3 25 | $434.4M | $-548.7M | ||
| Q2 25 | $448.8M | $-485.5M | ||
| Q1 25 | $439.6M | $-446.1M | ||
| Q4 24 | $440.0M | $-419.2M | ||
| Q3 24 | $456.2M | $-288.4M | ||
| Q2 24 | $457.6M | $-225.9M | ||
| Q1 24 | $458.3M | $-276.8M |
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $1.2B | $3.0B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.2B | $3.1B | ||
| Q4 24 | $984.1M | $3.2B | ||
| Q3 24 | $1.0B | $3.3B | ||
| Q2 24 | $1.0B | $3.3B | ||
| Q1 24 | $1.0B | $3.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $-15.7M |
| Free Cash FlowOCF − Capex | $-14.7M | $-86.8M |
| FCF MarginFCF / Revenue | -8.0% | -33.5% |
| Capex IntensityCapex / Revenue | 1.2% | 27.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $-135.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $-15.7M | ||
| Q3 25 | $10.3M | $5.5M | ||
| Q2 25 | $13.7M | $16.3M | ||
| Q1 25 | $66.6M | $-25.0M | ||
| Q4 24 | $-3.2M | $-23.6M | ||
| Q3 24 | $21.1M | $795.0K | ||
| Q2 24 | $4.5M | $8.0M | ||
| Q1 24 | $43.0M | $-46.5M |
| Q4 25 | $-14.7M | $-86.8M | ||
| Q3 25 | $7.7M | $-226.0K | ||
| Q2 25 | $10.9M | $-3.6M | ||
| Q1 25 | $65.3M | $-44.8M | ||
| Q4 24 | $-3.9M | $-131.6M | ||
| Q3 24 | $20.2M | $-21.8M | ||
| Q2 24 | $2.7M | $-22.9M | ||
| Q1 24 | $41.9M | $-80.4M |
| Q4 25 | -8.0% | -33.5% | ||
| Q3 25 | 3.8% | -0.1% | ||
| Q2 25 | 5.6% | -1.2% | ||
| Q1 25 | 35.7% | -16.2% | ||
| Q4 24 | -2.5% | -47.8% | ||
| Q3 24 | 11.8% | -7.9% | ||
| Q2 24 | 1.7% | -7.2% | ||
| Q1 24 | 28.8% | -26.5% |
| Q4 25 | 1.2% | 27.5% | ||
| Q3 25 | 1.3% | 2.1% | ||
| Q2 25 | 1.5% | 6.6% | ||
| Q1 25 | 0.7% | 7.2% | ||
| Q4 24 | 0.4% | 39.2% | ||
| Q3 24 | 0.6% | 8.2% | ||
| Q2 24 | 1.1% | 9.8% | ||
| Q1 24 | 0.7% | 11.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | -0.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
AHT
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
