In Q1'26, Carvana's (CVNA) operating cash flow reached $107M USD, reflecting a moderate positive inflow compared to the prior quarter's $430M USD in Q4'25, while free cash flow stood at $56M USD, indicating sustained but tempered generation after a stronger $379M USD in the previous period. This latest data point, covering the fiscal quarter ending March 2026, shows both metrics remaining in positive territory despite a sequential decline. Over the period from Q2'23 to Q1'26, operating cash flow exhibited volatility with an initial surge to $599M USD in Q3'23, a sharp drop to -$239M USD in Q4'23, followed by a recovery trend peaking at $430M USD in Q4'25, underscoring improved operational efficiency amid market fluctuations. Free cash flow mirrored this pattern, starting strong at $512M USD in Q2'23, plunging to -$243M USD in Q4'23, and rebounding to highs around $379M USD by Q4'25, though it dipped to -$2M USD in Q2'25 before stabilizing; overall, both flows demonstrate a long-term upward trajectory from early losses, driven by cost controls and revenue growth in the used car sector.