Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform that enables mobile digital transaction, such as at-home car searching, scheduling an on-demand test drive, and purchasing at home or at the preferred site of a test drive, as well as provides financing and services. The company also provides value-added products, such as vehicle service contracts, guaranteed asset protection waiver coverage, wheel and tire coverage, prepaid maintenance plans, and appearance protection plans. In addition, it is involved in the sale of used vehicles through wholesale auctions or directly to a wholesaler. The company was incorporated in 2013 and is headquartered in San Francisco, California.
Revenue of Shift Technologies, Inc. (SFT)
Revenue in 2022 (TTM): $670.75 M
According to Shift Technologies, Inc.'s latest financial reports the company's current revenue (TTM) is $670.75 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Shift Technologies, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2022 | $670.75 M | $25.33 M | $-176,848,000 | $-171,716,000 | $-172,042,000 |
| 2021 | $636.87 M | $48.79 M | $-170,600,000 | $-166,042,000 | $-166,268,000 |
| 2020 | $195.72 M | $12.18 M | $-71,715,000 | $-59,146,000 | $-66,792,000 |
| 2019 | $166.24 M | $-1,762,000 | $-73,622,000 | $-80,483,000 | $-84,267,000 |