7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
      
    		                                   
      operating activities
    		                                   
      net income
    		-29,351,000 57,523,000 -24,682,000 -59,544,000 8,056,000 23,414,000 -50,806,000 -49,918,000 30,893,000 64,723,000 4,903,000 -57,201,000 102,948,000 197,985,000 107,299,000 59,266,000 189,308,000 246,076,000 147,425,000 40,338,000 154,784,000 163,222,000 -14,129,000 -80,854,000 -65,263,000 52,623,000 -26,807,000 -81,419,000 47,909,000       
      ​
    		0 0 2,025,000 0 0 0 2,024,000 0 0 0 2,023,000 0 0 0 2,022,000 0 0 0 2,021,000 0 0 0 2,020,000 0 0           
      adjustments to reconcile net income to net cash from operating activities:
    		                                   
      depreciation and amortization
    		25,654,000 23,419,000 22,544,000 21,285,000 20,583,000 20,032,000 19,290,000 19,181,000 17,619,000 17,206,000 14,637,000 18,935,000 18,207,000 17,627,000 25,535,000 17,121,000 23,552,000 13,044,000 12,701,000 13,032,000 12,304,000 12,567,000 14,078,000 18,288,000 14,104,000 13,946,000 13,594,000 15,115,000 13,179,000       
      stock-based compensation
    		7,750,000 8,444,000 7,270,000                                 
      gain on lease termination
    		                                   
      long-lived asset impairment
    		617,000 0 620,000 2,706,000 1,944,000 4,584,000 5,827,000 0 1,747,000 477,000 7,045,000 726,000 887,000   1,646,000 316,000 536,000 546,000 1,406,000 4,378,000 0 6,569,000 16,245,000            
      (gain) loss on sale or disposal of assets
    		534,000 1,185,000 -1,823,000     -221,000 131,000 -145,000 -4,987,000                         
      benefit from losses on accounts receivable
    		679,000 458,000 659,000 342,000 -79,000 444,000 47,000 -359,000 -1,138,000 1,019,000 -414,000 501,000 205,000 37,000 -74,000 843,000 161,000 364,000 242,000 518,000 19,000 48,000 483,000  183,000 193,000 186,000         
      noncash lease expense
    		14,905,000 14,965,000 14,696,000                                 
      accretion of original debt issuance discount
    		663,000 644,000 627,000 626,000 612,000 594,000 584,000 579,000 571,000 554,000 503,000 952,000 609,000 525,000 516,000 400,000 367,000 293,000 270,000 275,000 273,000 268,000 263,000 262,000 244,000 265,000 267,000 270,000 270,000       
      noncash interest
    		1,102,000 1,102,000 1,004,000                                 
      deferred income taxes
    		209,940,000 -849,000 4,554,000 -12,386,000 -7,781,000 3,611,000 3,610,000 -18,951,000 -1,235,000 4,180,000 4,126,000 33,056,000 3,404,000 3,403,000 3,438,000 3,573,000 1,554,000 4,514,000 -15,531,000 -619,000 3,157,000 2,037,000 2,031,000 -3,723,000 2,005,000 203,000 16,412,000 4,064,000 4,341,000       
      tax receivable agreement liability adjustment
    		       -762,000        -707,000 0 0 3,520,000     -1,528,000 0 0 -8,477,000         
      change in assets and liabilities, net of acquisitions:
    		                                   
      receivables and contracts in transit
    		67,226,000 -33,883,000 -90,359,000 48,716,000 67,617,000 -39,938,000 -66,222,000 48,724,000 16,814,000 -39,417,000 -50,078,000 41,655,000 71,765,000 -24,886,000 -92,645,000 58,870,000 27,635,000 8,600,000 -123,902,000 38,109,000 88,839,000 -129,253,000 -472,000 49,338,000 42,702,000 -14,330,000 -65,493,000 39,771,000 33,058,000       
      inventories
    		34,417,000 59,382,000 -230,772,000 -42,037,000 230,708,000 33,327,000 6,026,000 -138,247,000 251,928,000 -56,416,000 143,675,000 -176,931,000 114,705,000 156,281,000 -348,374,000 -431,520,000 -163,634,000 15,493,000 -50,169,000 -191,288,000 124,194,000 387,227,000 -80,799,000 20,974,000 169,385,000 80,248,000 -54,496,000 -62,246,000 -6,923,000       
      prepaid expenses and other assets
    		-186,000 15,915,000 -16,742,000 -1,141,000 10,832,000 1,198,000 -20,713,000 -9,633,000 16,551,000 1,191,000 7,961,000 -21,980,000 14,282,000 -3,733,000 6,327,000 -19,497,000 10,005,000 -4,221,000 9,037,000 -4,491,000 261,000 -4,464,000 5,678,000 -20,585,000 5,552,000 2,106,000 4,976,000 -8,520,000 8,933,000       
      accounts payable and other accrued expenses
    		-37,762,000 55,232,000 101,608,000 -122,321,000 -7,660,000 95,879,000 25,194,000 -72,150,000 -26,344,000 34,082,000 64,699,000 -154,470,000 -5,878,000 39,954,000 78,091,000 -111,923,000 3,286,000 66,965,000 94,366,000 -93,238,000 -6,829,000 86,049,000 53,864,000 -71,806,000 -21,524,000 25,352,000 55,392,000 -72,741,000 18,272,000       
      payment pursuant to tax receivable agreement
    		   -407,000 0   0 0   0 0   0 0   0 0   0 0   -814,000 0       
      deferred revenues
    		2,759,000 5,595,000 -3,983,000                                 
      operating lease liabilities
    		-15,972,000 -15,982,000 -15,455,000 -10,722,000 -19,283,000 -14,705,000 -14,440,000 -15,101,000 -15,047,000 -15,276,000 -14,609,000 -19,709,000 -14,616,000 -17,243,000 -15,529,000 -15,567,000 -15,743,000 -14,960,000 -17,192,000 -18,665,000 -15,907,000 -15,964,000 -18,415,000 -13,998,000            
      other
    		6,075,000 -5,159,000 -2,245,000 7,775,000 -1,768,000 4,173,000 -622,000 -6,179,000 -783,000 1,250,000 2,787,000 1,784,000 5,324,000 856,000 -501,000 -1,064,000 2,996,000 8,416,000 278,000 5,496,000 -5,109,000 8,974,000 1,101,000 7,282,000 6,758,000 8,248,000 -7,529,000 9,384,000 2,489,000       
      net cash from operating activities
    		139,831,000 187,884,000 -232,479,000 -163,382,000 324,200,000 152,323,000 -67,982,000 -232,466,000 315,309,000 28,747,000 199,217,000 -334,136,000 339,925,000 394,048,000 -210,054,000 -417,872,000 111,747,000 372,297,000 87,832,000 -180,849,000 412,605,000 531,102,000 -15,189,000 -71,207,000 222,962,000 174,199,000 -74,020,000 -114,766,000 145,063,000 154,213,000 -48,218,000 -217,193,000 80,896,000 112,429,000 14,774,000 
      capex
    		-34,434,000 -26,185,000 -23,511,000 -22,643,000 -19,641,000 -22,626,000 -25,927,000 -35,439,000 -42,588,000 -27,739,000 -25,314,000 -36,481,000 -49,441,000 -37,339,000 -31,665,000 -30,097,000 -41,376,000 -32,278,000 -14,906,000 -11,542,000 -6,643,000 -4,992,000 -8,668,000 -11,750,000 -17,191,000 -16,087,000 -11,761,000 -28,149,000 -24,834,000 0 0 0 0 0 0 
      free cash flows
    		105,397,000 161,699,000 -255,990,000 -186,025,000 304,559,000 129,697,000 -93,909,000 -267,905,000 272,721,000 1,008,000 173,903,000 -370,617,000 290,484,000 356,709,000 -241,719,000 -447,969,000 70,371,000 340,019,000 72,926,000 -192,391,000 405,962,000 526,110,000 -23,857,000 -82,957,000 205,771,000 158,112,000 -85,781,000 -142,915,000 120,229,000 154,213,000 -48,218,000 -217,193,000 80,896,000 112,429,000 14,774,000 
      investing activities
    		                                   
      purchases of property and equipment
    		-34,434,000 -26,185,000 -23,511,000 -22,643,000 -19,641,000 -22,626,000 -25,927,000 -35,439,000 -42,588,000 -27,739,000 -25,314,000 -36,481,000 -49,441,000 -37,339,000 -31,665,000 -30,097,000 -41,376,000 -32,278,000 -14,906,000 -11,542,000 -6,643,000 -4,992,000 -8,668,000 -11,750,000 -17,191,000 -16,087,000 -11,761,000 -28,149,000 -24,834,000       
      proceeds from sale or disposal of property and equipment
    		                                   
      purchases of real property
    		-50,456,000 -23,802,000 -48,584,000 -8,359,000 0 0 -1,243,000 -2,892,000 -27,321,000 -18,745,000 -18,236,000                         
      proceeds from the sale or disposal of real property
    		                                   
      purchases of businesses, net of cash acquired
    		-49,000 -590,000 -80,564,000 -10,000,000 0 -3,523,000 -58,800,000 -58,984,000 -76,061,000   -133,807,000 -45,039,000 -3,380,000 -34,808,000 -368,000 -733,000 -88,610,000 -10,406,000     -10,000 -9,800,000 -17,439,000 -21,169,000 -17,045,000 -1,992,000       
      proceeds from divestiture of business
    		678,000   0 0                               
      purchases of other investments
    		                                   
      proceeds from other investments
    		                                   
      purchases of intangible assets
    		   -1,000 0 -23,000 -119,000 -219,000 -347,000 -1,629,000 -23,000 -33,000 -108,000 -28,000 -715,000 -3,115,000 0   480,000                
      proceeds from sale of intangible assets
    		   0 0 0 2,595,000                             
      net cash from investing activities
    		-45,993,000 -34,650,000 -145,428,000 -31,079,000 -2,165,000 4,567,000 -59,498,000 -91,871,000 -145,628,000 -111,220,000 -20,687,000 -183,230,000 -107,800,000 -47,498,000 -84,007,000 -99,457,000 -62,015,000 -148,085,000 -46,215,000 -112,065,000 -551,000 -4,863,000 -8,456,000 -12,846,000 -11,169,000 -57,606,000 -22,916,000 -5,905,000 -45,307,000 -153,059,000 -88,418,000 -70,560,000 -125,161,000 -188,833,000 -91,122,000 
      financing activities
    		                                   
      proceeds from long-term debt
    		   0 0 0 55,624,000 0 0 0 59,227,000     305,805,000 9,000,000        1,000   9,862,000 0       
      payments on long-term debt
    		-25,686,000 -6,269,000 -6,268,000 -14,176,000 -9,412,000 -33,945,000 -23,406,000 -12,402,000 -3,780,000 -13,718,000 -9,058,000 -453,000 -3,956,000 -3,959,000 -3,954,000 -3,800,000 -2,820,000 -168,290,000 -3,038,000 -3,380,000 -17,331,000 -14,825,000 -3,534,000  -6,713,000 -177,000 -3,232,000 -6,111,000 0       
      net proceeds (payments) on notes payable – floor plan
    		58,234,000      93,273,000         468,747,000 11,785,000                   
      borrowings on revolving line of credit
    		   0 0 0 43,000,000                 0 0 10,158,000 3,871,000 20,761,000        
      payments on revolving line of credit
    		   -31,885,000 0 0 -32,000,000             0 0   -5,455,000            
      payments on finance leases
    		-1,903,000 -1,874,000 -1,763,000 -1,801,000 -2,002,000 -1,854,000 -1,828,000 -1,337,000 -1,313,000 -1,614,000 -1,233,000 -1,436,000 -1,499,000 -2,021,000 -1,021,000 -702,000 -540,000 -1,228,000 -401,000                 
      payments on sale-leaseback arrangement
    		-49,000 -51,000 -51,000 -51,000 -50,000 -49,000 -48,000 -48,000 -47,000 -46,000 -46,000 -45,000 -45,000 -6,000 -36,000                     
      payment of debt issuance costs
    		   -247,000 0 0 -876,000 -56,000 -23,000 -91,000 -767,000     -98,000 -81,000       0 0   -225,000 0       
      payments of stock offering costs
    		0 0 -572,000                                 
      dividends on class a common stock
    		-7,852,000 -7,831,000 -7,821,000 -7,809,000 -5,666,000 -5,640,000 -5,634,000 -5,624,000 -5,597,000 -27,819,000 -27,791,000 -26,521,000 -26,328,000 -26,111,000 -26,427,000 -22,330,000 -22,933,000 -11,560,000 -10,353,000 -42,225,000 -7,263,000 -5,785,000 -5,752,000 -5,741,000 -5,727,000 -5,711,000 -5,699,000 -5,697,000 -5,673,000       
      proceeds from exercise of stock options
    		   0 498,000 0 51,000 70,000 176,000 102,000 41,000 224,000 45,000 41,000 231,000 336,000 1,258,000 543,000 1,974,000 1,329,000 3,147,000       0 7,000       
      rsu shares withheld for tax
    		-1,765,000 -304,000 -871,000 -2,302,000 -2,356,000 -96,000 -658,000 -2,778,000 -3,458,000 -287,000 -338,000 -4,654,000 -4,957,000 -279,000 -1,238,000 -4,923,000 -6,881,000 -71,000 -214,000 -3,225,000 -958,000 -347,000 -212,000 -657,000    -1,303,000        
      distributions to holders of llc common units
    		-2,388,000 -64,000 -34,000 164,000 -51,000 -8,848,000 -9,947,000 83,000 -14,763,000 -10,784,000 -6,046,000 -6,352,000 -40,933,000 -90,842,000 -24,836,000 -14,010,000 -55,878,000 -106,921,000 -16,926,000                 
      net cash from financing activities
    		18,591,000 -56,066,000 190,401,000 374,503,000 -317,398,000 -162,865,000 117,551,000 310,666,000 -170,821,000 64,103,000 -235,833,000 499,262,000 -217,847,000 -352,073,000 166,209,000 651,866,000 -108,444,000 -289,575,000 49,181,000 -23,654,000 -157,316,000 -407,743,000 -14,470,000 101,340,000 -182,819,000 -85,318,000 28,364,000 133,862,000 -186,832,000 -120,013,000 243,774,000 348,691,000 -44,671,000 153,831,000 136,886,000 
      increase in cash and cash equivalents
    		             -5,523,000 -127,852,000 134,537,000 -58,712,000 -65,363,000 90,798,000 -316,568,000 254,738,000      -68,572,000         
      cash and cash equivalents at beginning of the period
    		0 0 208,422,000 0 0 0 39,647,000 0 0 0 130,131,000 0 0 0 267,332,000 0 0 0 166,072,000 0 0 0 147,521,000 0 0 0 138,557,000         
      cash and cash equivalents at end of the period
    		112,429,000 97,168,000 20,916,000 180,042,000 4,637,000 -5,975,000 29,718,000 -13,671,000 -1,140,000 -18,370,000 72,828,000 -18,104,000 14,278,000 -5,523,000 139,480,000 134,537,000 -58,712,000 -65,363,000 256,870,000 -316,568,000 254,738,000 118,496,000 109,406,000 17,287,000 28,974,000 31,275,000 69,985,000         
      (gain) loss on lease termination
    		   -4,228,000                                
      proceeds from sale of property and equipment
    		 2,424,000 542,000 205,000 237,000 3,440,000 143,000 481,000 689,000 1,851,000 183,000 518,000 451,000 455,000 199,000 -54,000 465,000 1,575,000 213,000 -178,000 1,438,000 279,000 212,000 -887,000 4,045,000 457,000 453,000 3,086,000 262,000       
      proceeds from the sale of real property
    		 3,154,000 6,689,000 9,719,000 17,239,000 7,342,000 23,853,000 5,182,000 0 12,900,000 22,703,000 543,000 0   2,275,000 0 760,000 600,000 1,100,000    3,547,000 14,505,000 -109,000 10,226,000         
      decrease in cash and cash equivalents
    		 97,168,000 -187,506,000  4,637,000 -5,975,000 -9,929,000  -1,140,000 -18,370,000 -57,303,000            -38,115,000  28,974,000           
      net proceeds on notes payable – floor plan
    		  207,781,000           -234,924,000 275,296,000    78,139,000                 
      gain on sale or disposal of assets
    		   330,000 -5,000 7,945,000 1,585,000       381,000 49,000                     
      cares act deferral of payroll taxes
    		                   9,513,000                
      purchases of and loans to other investments
    		       0 0                           
      net (payments) proceeds on notes payable – floor plan
    		         118,360,000 -249,822,000                         
      proceeds from landlord funded construction on finance leases
    		           0                        
      proceeds from sale-leaseback arrangement
    		           0 0 0 27,951,000                     
      proceeds from issuance of class a common stock sold in a public offering, net of underwriter discounts and commissions
    		                                   
      repurchases of class a common stock to treasury stock
    		           0 0 0 -79,757,000 -69,432,000 -41,354,000                   
      disgorgement of short-swing profits by section 16 officer
    		                           0 0       
      equity-based compensation
    		    5,573,000 5,397,000 5,197,000 5,770,000 5,466,000 6,492,000 6,358,000 6,413,000 6,792,000 8,968,000 11,674,000 28,867,000 6,913,000 6,047,000 6,109,000 6,966,000 6,201,000 4,182,000 3,312,000 3,632,000 2,934,000 3,863,000 2,716,000 3,553,000 4,188,000       
      non-cash lease expense
    		    14,189,000 14,249,000 14,037,000 15,452,000 15,356,000 15,198,000 15,039,000 14,890,000 14,442,000 14,995,000 15,320,000 15,344,000 15,201,000 14,915,000 15,059,000 14,516,000 14,382,000 14,430,000 14,208,000 14,182,000 13,557,000 13,687,000 13,495,000         
      non-cash interest
    		    772,000 821,000 746,000 707,000 718,000 763,000 658,000 607,000 484,000 502,000 484,000 460,000 318,000 863,000 872,000 1,010,000 1,192,000 1,090,000 1,014,000 1,223,000 1,014,000 1,186,000 1,162,000         
      deferred revenue
    		    2,515,000 4,201,000 2,678,000 -10,880,000 3,367,000 3,803,000 -3,086,000 -9,268,000 6,405,000 6,156,000 -1,842,000 -8,911,000 9,087,000 12,041,000 2,544,000 -6,846,000 10,364,000 6,112,000 -5,070,000             
      net payments on notes payable – floor plan
    		    -298,359,000               67,620,000 -75,613,000   126,226,000 -140,789,000           
      loss on lease termination
    		           492,000 0 944,000 178,000  329,000 0 1,756,000  505,000 868,000 584,000             
      loss on debt restructure
    		               0 0           0 0       
      stock award shares withheld for tax
    		                                   
      purchase of real property
    		           -13,970,000 -13,663,000 -11,015,000 -17,018,000 -68,098,000 -12,738,000 -26,952,000 -21,366,000 -51,854,000    -3,746,000 -2,728,000 -24,428,000 -665,000 -20,729,000 -18,743,000       
      purchase of other investments
    		           0 0   0 -7,633,000 0 -350,000                 
      purchase of equity securities
    		                                   
      loss on sale or disposal of assets
    		                                   
      proceeds from landlord funded construction on finances leases
    		                                   
      (gain) loss on disposal of assets
    		                 10,000 -99,000                 
      goodwill impairment
    		                                   
      loss on disposal of assets
    		                   670,000 -121,000    7,087,000           
      accrued rent for cease-use locations
    		                         0 542,000 134,000 -75,000       
      members' distributions
    		                    -59,298,000 -47,015,000 -8,410,000 -9,520,000 -22,615,000 -32,523,000 -5,534,000 -3,408,000 -36,850,000       
      purchase of intangible assets
    		                                   
      payments of principal on finance lease obligations
    		                        0 -9,000 -14,000         
      gain on disposal of assets
    		                      511,000             
      net borrowings on notes payable – floor plan
    		                      3,438,000             
      benefit from (gains) losses on accounts receivable
    		                                   
      checks in excess of bank balance
    		                           -570,000        
      deferred revenue and gains
    		                       -8,352,000 7,972,000 6,893,000 -5,805,000 -4,840,000 10,966,000       
      proceeds from credit facilities
    		                                   
      payments of principal on long-term debt
    		                                   
      payments of principal on right-to-use liability
    		                                   
      proceeds from issuance of class a common stock sold in a public offering net of underwriter discounts, commissions and offering expenses
    		                                   
      payments of principal on right to use liability
    		                           -42,000 -41,000       
      operating lease liability
    		                         -13,233,000 -13,941,000         
      repurchases of class a common stock for withholding taxes on vested rsus
    		                                   
      gain on sale of assets
    		                          -214,000 1,823,000 843,000       
      net borrowings (payments) on notes payable – floor plan
    		                          38,972,000         
      net (payments) borrowings on notes payable – floor plan
    		                           126,634,000 -144,031,000       
      payments on revolver
    		                                   
      payments of principal on capital lease obligations
    		                           -184,000 -182,000       
      proceeds from issuance of class a common stock sold in an initial public offering net of underwriter discounts and commissions
    		                                   
      benefit from (recovery of) losses on accounts receivable
    		                            1,074,000       
      amortization of deferred financing costs
    		                            2,027,000       
      increase in cash
    		                            -87,076,000       
      cash at beginning of the period
    		                            0       
      cash at end of the period
    		                            -87,076,000       
      borrowings on revolver
    		                                   
      net increase in cash and cash equivalents
    		                              107,138,000 60,938,000 -88,936,000 77,427,000 60,538,000 
      
    		                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.