ACV Auctions (ACVA) investor relations material

Executive summary

• Achieved record Q1 2026 revenue of $204 million (up to $204.2 million), with year-over-year growth between 12% and 25%, and Adjusted EBITDA of $17–$17.1 million, exceeding guidance.

• Marketplace units sold reached 213,492, up from 208,025, reflecting increased customer engagement and market share.

• Net loss narrowed to $10.9–$11 million from $14.8–$15 million in Q1 2025, while non-GAAP net income was $7 million.

• Continued innovation and expansion of AI-driven products, including the launch of VIPER, and strong adoption of value-added solutions.

• Board authorized a $100 million share repurchase program, including a $50 million accelerated repurchase.

Financial highlights

• Q1 2026 revenue: $204–$204.2 million, up 12–25% year-over-year; Adjusted EBITDA: $17–$17.1 million, up from $13.9–$14 million.

• Non-GAAP net income: $7 million; net loss per share improved to $(0.06) from $(0.09) year-over-year.

• Marketplace and service revenue grew 10% to $182 million; customer assurance revenue increased 31% to $22 million.

• Operating cash flow grew to $76.5–$77 million, and cash and cash equivalents totaled $341 million as of March 31, 2026.

• Operating expenses rose to $213–$213.4 million, with improved cost management and leverage.

Outlook and guidance

• Reaffirmed 2026 revenue guidance of $845–$855 million (11–13% growth) and Adjusted EBITDA of $73–$77 million.

• Q2 2026 revenue expected at $213–$217 million (10–12% growth); Adjusted EBITDA $18–$20 million.

• Full-year GAAP net loss projected at $(51)–$(47) million; non-GAAP net income at $33–$37 million.

• Guidance assumes a mid-single digit decline in the dealer wholesale market and 8% increase in non-GAAP OpEx.

• Management expects continued investment in technology, sales, and marketing to drive long-term growth.