Cars.com Inc. (CARS) Balance Sheet
CARS balance sheet, 2025
December 31, 2025 · U.S. dollars$1.06B assets = $589.9M liabilities + $472.5M equity
Both columns are drawn to the same scale: what CARS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CARS financial health
Descriptive bands, not a rating. Fiscal 2025.
CARS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.55B2016 | $1.06B2025 | −9.3%/yr | |
| Total liabilities | $130.0M2016 | $589.9M2025 | +18.3%/yr | |
| Shareholders’ equity | $2.42B2016 | $472.5M2025 | −16.6%/yr | |
| Cash & short-term investments | $8.9M2016 | $56.2M2025 | +22.7%/yr | |
| Total debt | $30.4M2016 | $468.5M2025 | +35.5%/yr | |
| Net cash (debt) | −$21.5M2016 | −$412.2M2025 | −$390.7M | |
| Working capital | $47.6M2016 | $98.2M2025 | +$50.6M | |
| Book value per share | $33.762016 | $7.652025 | −15.2%/yr | |
| Current ratio | 1.662016 | 1.872025 | +0.21 | |
| Debt / equity | 0.012016 | 0.992025 | +0.98 | |
| Shares outstanding | 71.6M2016 | 61.7M2025 | −1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CARS assets
CARS liabilities and equity
CARS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CARS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $56.2M | $50.7M | $39.2M | $31.7M | $39.1M | $67.7M | $13.5M | $25.5M | $20.6M | $8.9M |
| Cash & equivalents | $56.2M | $50.7M | $39.2M | $31.7M | $39.1M | $67.7M | $13.5M | $25.5M | $20.6M | $8.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | — |
| Receivables | $131.9M | $133.7M | $125.4M | $107.9M | $98.9M | $93.6M | $101.8M | $108.9M | $100.9M | $98.3M |
| Inventory | $0 | $0 | $12.6M | $8.4M | $7.8M | $6.5M | $6.5M | $9.3M | $11.4M | $1 |
| Other current assets | $23.4M | $29.9M | $1.3M | $605,000 | $1.7M | $10.2M | $603,000 | $10.3M | $9.8M | $12.3M |
| Total current assets | $211.6M | $214.3M | $178.4M | $148.6M | $147.4M | $178.1M | $122.4M | $153.9M | $142.6M | $119.5M |
| Property, plant & equipment (net) | $35.2M | $57.5M | $43.9M | $45.2M | $57.6M | $41.3M | $43.7M | $41.5M | $39.7M | $20.5M |
| Goodwill & intangible assets | $694.3M | $729.0M | $816.2M | $809.9M | $795.7M | $835.2M | $1.84B | $2.39B | $2.32B | $2.40B |
| Long-term investments | $0 | $0 | $21.0M | $21.1M | $21.1M | $21.1M | $26.5M | $10.3M | $11.1M | $11.8M |
| Other non-current assets | $121.3M | $111.1M | $113.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $1.06B | $1.11B | $1.17B | $1.02B | $1.01B | $1.08B | $2.03B | $2.60B | $2.51B | $2.55B |
| Liabilities | ||||||||||
| Accounts payable | $27.7M | $33.5M | $22.3M | $18.2M | $15.4M | $16.5M | $12.4M | $11.6M | $6.6M | $7.8M |
| Short-term debt | $3.0M | $20.6M | $23.1M | $14.1M | $8.9M | $7.8M | $31.4M | $26.9M | $21.2M | $30.4M |
| Deferred revenue | — | — | — | — | — | — | — | $18.9M | $720,000 | $26.1M |
| Total current liabilities | $113.4M | $116.9M | $145.7M | $106.0M | $94.3M | $90.4M | $98.8M | $110.7M | $90.1M | $72.0M |
| Long-term debt | $451.5M | $455.3M | $460.1M | $458.2M | $457.4M | $576.1M | $611.3M | $665.3M | $557.2M | $0 |
| Other long-term liabilities | $25.0M | $28.2M | $74.5M | $76.2M | $57.5M | $69.0M | $176.8M | $197.6M | $184.6M | $58.0M |
| Total liabilities | $589.9M | $600.4M | $680.3M | $640.4M | $609.2M | $735.5M | $886.9M | $973.6M | $831.9M | $130.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $586,000 | $643,000 | $659,000 | $662,000 | $692,000 | $674,000 | $668,000 | $683,000 | $716,000 | $2.42B |
| Retained earnings (deficit) | −$941.5M | −$961.5M | −$1.01B | −$1.13B | −$1.15B | −$1.18B | −$367.1M | $118.2M | $176.6M | — |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | −$556,000 | −$1.6M | $951,000 | — | −$2.0M | −$6.8M | −$7.6M | −$30.8M | −$21.6M | −$16.7M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $472.5M | $511.5M | $492.1M | $384.4M | $398.0M | $340.2M | $1.14B | $1.63B | $1.68B | $2.42B |
| Key figures | ||||||||||
| Total debt | $468.5M | $455.3M | $483.2M | $472.4M | $466.3M | $583.9M | $642.7M | $692.2M | $578.4M | $30.4M |
| Net cash (debt) | −$412.2M | −$404.6M | −$444.1M | −$440.7M | −$427.3M | −$516.2M | −$629.1M | −$666.7M | −$557.8M | −$21.5M |
| Working capital | $98.2M | $97.4M | $32.7M | $42.6M | $53.1M | $87.7M | $23.6M | $43.2M | $52.5M | $47.6M |
| Tangible book value | −$221.8M | −$217.5M | −$324.1M | −$425.5M | −$397.6M | −$495.0M | −$694.3M | −$767.9M | −$638.5M | $21.8M |
| Book value per share | $7.65 | $7.59 | $7.21 | $5.52 | $5.58 | $5.06 | $17.03 | $23.06 | $23.41 | $33.76 |
| Shares outstanding | 61.7M | 67.4M | 68.2M | 69.6M | 71.3M | 67.2M | 67.0M | 70.5M | 71.7M | 71.6M |
| Current ratio | 1.87 | 1.83 | 1.22 | 1.40 | 1.56 | 1.97 | 1.24 | 1.39 | 1.58 | 1.66 |
| Quick ratio | 1.66 | 1.58 | 1.13 | 1.32 | 1.46 | 1.79 | 1.17 | 1.21 | 1.35 | 1.49 |
| Debt / equity | 0.99 | 0.89 | 0.98 | 1.23 | 1.17 | 1.72 | 0.56 | 0.43 | 0.34 | 0.01 |
| Equity / assets | 44.5% | 46.0% | 42.0% | 37.5% | 39.5% | 31.6% | 56.3% | 62.6% | 66.9% | 94.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $33.3M | $64.6M | $56.2M | $55.1M | $27.7M | $31.4M | $50.7M | $49.6M | $29.1M | $31.4M | $39.2M | $49.1M |
| Cash & equivalents | $33.3M | $64.6M | $56.2M | $55.1M | $27.7M | $31.4M | $50.7M | $49.6M | $29.1M | $31.4M | $39.2M | $49.1M |
| Receivables | $143.1M | $135.0M | $131.9M | $128.8M | $132.9M | $131.0M | $133.7M | $125.2M | $128.5M | $125.7M | $125.4M | $118.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $12.6M | $13.5M |
| Other current assets | $18.5M | $18.4M | $23.4M | $28.5M | $19.1M | $20.3M | $29.9M | $25.1M | $20.5M | $20.1M | $1.3M | $8.4M |
| Total current assets | $195.0M | $218.0M | $211.6M | $212.4M | $179.6M | $182.7M | $214.3M | $199.9M | $178.1M | $177.2M | $178.4M | $189.3M |
| Property, plant & equipment (net) | $34.2M | $35.5M | $35.2M | $35.3M | $36.0M | $36.5M | $40.7M | $42.8M | $43.0M | $43.4M | $43.9M | $44.0M |
| Goodwill & intangible assets | $670.8M | $682.8M | $694.3M | $703.8M | $722.9M | $736.3M | $729.0M | $751.0M | $771.1M | $793.4M | $816.2M | $751.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23.2M | $20.5M | $21.0M | $0 |
| Other non-current assets | $112.5M | $117.1M | $121.3M | $120.0M | $126.1M | $128.2M | $127.9M | $124.8M | $105.2M | $108.6M | $113.0M | $117.9M |
| Total assets | $1.01B | $1.05B | $1.06B | $1.07B | $1.06B | $1.08B | $1.11B | $1.12B | $1.12B | $1.14B | $1.17B | $1.10B |
| Liabilities | ||||||||||||
| Accounts payable | $33.0M | $29.3M | $27.7M | $33.0M | $30.9M | $29.4M | $33.5M | $32.2M | $29.6M | $25.6M | $22.3M | $18.7M |
| Short-term debt | — | — | $3.0M | — | — | — | — | — | — | — | $23.1M | $18.1M |
| Total current liabilities | $97.6M | $116.5M | $113.4M | $116.8M | $98.9M | $111.0M | $116.9M | $111.4M | $116.6M | $109.4M | $145.7M | $131.0M |
| Long-term debt | $447.1M | $451.8M | $451.5M | $451.2M | $455.9M | $455.6M | $455.3M | $465.0M | $469.7M | $473.8M | $460.1M | $429.7M |
| Other long-term liabilities | $24.1M | $24.3M | $25.0M | $25.8M | $26.6M | $27.2M | $28.2M | $39.7M | $37.4M | $78.6M | $74.5M | $59.5M |
| Total liabilities | $568.8M | $592.7M | $589.9M | $593.8M | $581.4M | $593.8M | $600.4M | $616.1M | $623.7M | $661.7M | $680.3M | $620.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $539,000 | $572,000 | $586,000 | $604,000 | $618,000 | $637,000 | $643,000 | $650,000 | $662,000 | $662,000 | $659,000 | $662,000 |
| Retained earnings (deficit) | −$922.3M | −$936.5M | −$941.5M | −$948.9M | −$956.5M | −$963.6M | −$961.5M | −$978.9M | −$997.6M | −$1.01B | −$1.01B | −$1.02B |
| Accumulated other comprehensive income | −$1.7M | −$1.0M | −$556,000 | −$972,000 | −$261,000 | −$2.1M | −$1.6M | $225,000 | −$125,000 | $213,000 | $951,000 | $0 |
| Total shareholders' equity | $443.6M | $460.7M | $472.5M | $477.6M | $483.2M | $489.9M | $511.5M | $502.4M | $496.9M | $481.4M | $492.1M | $483.0M |
| Key figures | ||||||||||||
| Total debt | $447.1M | $451.8M | $468.5M | $451.2M | $455.9M | $455.6M | $455.3M | $465.0M | $469.7M | $473.8M | $483.2M | $447.7M |
| Net cash (debt) | −$413.8M | −$387.2M | −$412.2M | −$396.1M | −$428.2M | −$424.2M | −$404.6M | −$415.4M | −$440.6M | −$442.4M | −$444.1M | −$398.7M |
| Working capital | $97.3M | $101.5M | $98.2M | $95.5M | $80.7M | $71.8M | $97.4M | $88.5M | $61.5M | $67.8M | $32.7M | $58.4M |
| Tangible book value | −$227.2M | −$222.0M | −$221.8M | −$226.2M | −$239.7M | −$246.3M | −$217.5M | −$248.5M | −$274.2M | −$312.0M | −$324.1M | −$268.9M |
| Book value per share | $7.83 | $7.73 | $7.65 | $7.57 | $7.49 | $7.60 | $7.66 | $7.43 | $7.33 | $7.15 | $7.20 | $7.05 |
| Shares outstanding | 56.7M | 59.6M | 61.7M | 63.1M | 64.5M | 64.5M | 66.8M | 67.7M | 67.8M | 67.3M | 68.3M | 68.5M |
| Current ratio | 2.00 | 1.87 | 1.87 | 1.82 | 1.82 | 1.65 | 1.83 | 1.79 | 1.53 | 1.62 | 1.22 | 1.45 |
| Quick ratio | 1.81 | 1.71 | 1.66 | 1.57 | 1.62 | 1.46 | 1.58 | 1.57 | 1.35 | 1.44 | 1.13 | 1.28 |
| Debt / equity | 1.01 | 0.98 | 0.99 | 0.94 | 0.94 | 0.93 | 0.89 | 0.93 | 0.95 | 0.98 | 0.98 | 0.93 |
| Equity / assets | 43.8% | 43.7% | 44.5% | 44.6% | 45.4% | 45.2% | 46.0% | 44.9% | 44.3% | 42.1% | 42.0% | 43.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
CARS financial position
At the end of fiscal 2025 (December 31, 2025), Cars.com had total assets of $1.1 billion (down 4.4% from a year earlier), total liabilities of $589.9 million and shareholders' equity of $472.5 million. It held $56.2 million in cash and short-term investments against $468.5 million of debt, net debt of $412.2 million. Its current ratio was 1.87. In the latest quarter (ended June 30, 2026) total assets were $1.0 billion and equity $443.6 million.
Related: CARS income statement, CARS cash flow statement, CARS key metrics. See the CARS stock overview for the latest quote and news.
CARS balance sheet FAQ
What are Cars.com's total assets?
Cars.com reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Cars.com have?
Cars.com had $468.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.99.
How much cash does Cars.com have?
Cars.com held $56.2 million in cash and short-term investments at the end of fiscal 2025; with $468.5 million of debt that is net debt of $412.2 million.
What is Cars.com's book value?
Cars.com's shareholders' equity (book value) was $472.5 million at the end of fiscal 2025, or $7.65 per share.
What is Cars.com's current ratio?
Cars.com had current assets of $211.6 million and current liabilities of $113.4 million, a current ratio of 1.87 (it can cover its short-term obligations).
How much goodwill does Cars.com have?
Cars.com carried $694.3 million of goodwill and intangible assets, 65.3% of total assets, at the end of fiscal 2025.