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Segment Information | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s Chief Executive Officer is the chief operating decision maker (“CODM”) and is responsible for reviewing financial information presented on a segment basis for purposes of making operating decisions and assessing financial performance. The CEO reviews the financial information presented on a consolidated basis for purposes of allocating resources and evaluating the Company’s financial performance. Accordingly, the Company has determined that it operates in a single reporting segment (the “ACV segment”). The ACV segment provides the Marketplace to facilitate business-to-business used vehicle sales between a seller and a buyer. Customers using the Marketplace are licensed automotive dealerships or other commercial automotive enterprises. At the election of the customer purchasing a vehicle, the Company can arrange third-party transportation services for the delivery of the purchased vehicle through its wholly owned subsidiary, ACV Transportation LLC. The Company can also provide the customer with financing for the purchased vehicle through its wholly owned subsidiary, ACV Capital LLC. ACV also provides data services that offer insights into the condition and value of used vehicles for transactions both on and off the Company's Marketplace. The ACV segment provides a wholesale auction marketplace to dealers and derives its revenues primarily from North America. The CODM assesses performance for the ACV segment and decides how to allocate resources based on net income (loss) that also is reported on the consolidated statement of operations as consolidated net income (loss). The CODM uses net income (loss) in budget versus actual analysis to measure performance and as a key input to make resource investment and management compensation decisions. The following is the information used by the CODM in assessing segment performance:
|  | Three Months ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue |  | $ | 199,561 |  |  | $ | 171,329 |  |  | $ | 575,961 |  |  | $ | 477,642 |
Less: |  |  |  |  |  |  |  |
Marketplace and service cost of revenue (excluding depreciation & amortization) |  | 70,859 |  |  | 67,064 |  |  | 214,580 |  |  | 187,010 |
Customer assurance cost of revenue (excluding depreciation & amortization) |  | 22,098 |  |  | 14,176 |  |  | 52,984 |  |  | 41,548 |
Marketplace operations |  | 31,640 |  |  | 28,094 |  |  | 91,405 |  |  | 78,163 |
Technology and development |  | 14,886 |  |  | 14,445 |  |  | 45,112 |  |  | 42,139 |
Sales and marketing |  | 24,614 |  |  | 24,209 |  |  | 78,583 |  |  | 71,553 |
General and administrative |  | 48,212 |  |  | 30,764 |  |  | 106,233 |  |  | 89,185 |
Depreciation and amortization |  | 10,969 |  |  | 9,716 |  |  | 32,407 |  |  | 26,351 |
Total operating expenses |  | 223,278 |  |  | 188,468 |  |  | 621,304 |  |  | 535,949 |
Loss from operations |  | (23,717) |  |  | (17,139) |  |  | (45,343) |  |  | (58,307) |
Interest income |  | 2,218 |  |  | 2,050 |  |  | 6,259 |  |  | 7,410 |
Interest expense |  | (2,483) |  |  | (1,077) |  |  | (6,679) |  |  | (2,218) |
Provision for (benefit from) income taxes |  | 483 |  |  | (137) |  |  | 817 |  |  | 448 |
Segment net loss |  | $ | (24,465) |  |  | $ | (16,029) |  |  | $ | (46,580) |  |  | $ | (53,563) |
For the three and nine months ended September 30, 2025 and 2024, revenue outside of the United States, based on the billing address of the customer, was not material. As of September 30, 2025 and December 31, 2024, long-lived assets located outside of the United States were not material.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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