As of Q4'25, Carvana (CVNA) reported Operating Cash Flow of 430M USD and Free Cash Flow of 379M USD, marking strong positive cash generation in the latest quarter. These figures represent a substantial improvement compared to earlier quarters within the period from Q1'23 to Q4'25. Throughout this timeframe, both Operating and Free Cash Flow exhibited significant volatility, with notable negative values in Q1'23 and Q4'23, followed by sharp recoveries in subsequent quarters. After a period of fluctuation, the trend from 2024 onwards shows a consistent return to positive cash flow, culminating in the highest values observed in Q4'25. This indicates a strengthening financial position and improved cash management for Carvana over the analyzed period.