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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($194.9M vs $183.6M, roughly 1.1× ACV Auctions Inc.). On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 15.1%).
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.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
ACVA vs MRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $194.9M |
| Net Profit | — | $122.9M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | 85.2% |
| Net Margin | — | 63.0% |
| Revenue YoY | 15.1% | 135.7% |
| Net Profit YoY | — | 208.7% |
| EPS (diluted) | $-0.12 | $0.74 |
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.
| Q1 26 | — | $194.9M | ||
| Q4 25 | $183.6M | $189.5M | ||
| Q3 25 | $199.6M | $179.3M | ||
| Q2 25 | $193.7M | $149.0M | ||
| Q1 25 | $182.7M | $82.7M | ||
| Q4 24 | $159.5M | — | ||
| Q3 24 | $171.3M | — | ||
| Q2 24 | $160.6M | — |
| Q1 26 | — | $122.9M | ||
| Q4 25 | — | $122.2M | ||
| Q3 25 | $-24.5M | $105.1M | ||
| Q2 25 | $-7.3M | $112.8M | ||
| Q1 25 | $-14.8M | $39.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-16.0M | — | ||
| Q2 24 | $-17.1M | — |
| Q1 26 | — | 85.2% | ||
| Q4 25 | -9.7% | 84.8% | ||
| Q3 25 | -11.9% | 85.3% | ||
| Q2 25 | -3.7% | 85.1% | ||
| Q1 25 | -7.9% | 55.2% | ||
| Q4 24 | -16.2% | — | ||
| Q3 24 | -10.0% | — | ||
| Q2 24 | -11.6% | — |
| Q1 26 | — | 63.0% | ||
| Q4 25 | — | 64.5% | ||
| Q3 25 | -12.3% | 58.6% | ||
| Q2 25 | -3.8% | 75.7% | ||
| Q1 25 | -8.1% | 48.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | -9.4% | — | ||
| Q2 24 | -10.6% | — |
| Q1 26 | — | $0.74 | ||
| Q4 25 | $-0.12 | $0.74 | ||
| Q3 25 | $-0.14 | $0.63 | ||
| Q2 25 | $-0.04 | $0.68 | ||
| Q1 25 | $-0.09 | $0.39 | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.10 | — | ||
| Q2 24 | $-0.10 | — |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $429.7M | $5.9B |
| Total Assets | $1.1B | $9.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.5M | $35.0M | ||
| Q3 25 | $265.3M | $242.6M | ||
| Q2 25 | $258.4M | $66.6M | ||
| Q1 25 | $291.9M | $89.5M | ||
| Q4 24 | $224.1M | — | ||
| Q3 24 | $252.5M | — | ||
| Q2 24 | $215.0M | — |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $429.7M | $5.9B | ||
| Q3 25 | $434.4M | $5.9B | ||
| Q2 25 | $448.8M | $5.9B | ||
| Q1 25 | $439.6M | $5.9B | ||
| Q4 24 | $440.0M | — | ||
| Q3 24 | $456.2M | — | ||
| Q2 24 | $457.6M | — |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $1.1B | $9.3B | ||
| Q3 25 | $1.2B | $9.0B | ||
| Q2 25 | $1.1B | $8.0B | ||
| Q1 25 | $1.2B | $7.2B | ||
| Q4 24 | $984.1M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
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 | — |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -8.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $3.7B | ||
| Q3 25 | $10.3M | $123.1M | ||
| Q2 25 | $13.7M | $109.1M | ||
| Q1 25 | $66.6M | $21.3M | ||
| Q4 24 | $-3.2M | — | ||
| Q3 24 | $21.1M | — | ||
| Q2 24 | $4.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-14.7M | — | ||
| Q3 25 | $7.7M | — | ||
| Q2 25 | $10.9M | — | ||
| Q1 25 | $65.3M | — | ||
| Q4 24 | $-3.9M | — | ||
| Q3 24 | $20.2M | — | ||
| Q2 24 | $2.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | -8.0% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 35.7% | — | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 1.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 1.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 30.05× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
MRP
| Option fee revenues | $185.3M | 95% |
| Development loan income | $9.6M | 5% |
