As of Q4'25, CVNA's latest gross margin stands at 22.0%, while operating margin is at 7.6% and net profit margin has reached 15.3%. This marks a notable improvement in profitability compared to earlier quarters, especially in net profit margin, which has shown a significant increase. From Q1'23 to Q4'25, the chart reveals a consistent upward trend in gross and operating margins, with gross margin rising from 13.1% to 22.0% and operating margin moving from -5.0% to 7.6%. Net profit margin has been more volatile, with a sharp spike to 28.2% in Q3'23, followed by fluctuations and a strong recovery to 15.3% in Q4'25. Overall, the data indicates improving operational efficiency and profitability for CVNA over the observed period.