ACVA — what changed in the latest 10-Q
A section-by-section comparison of ACVA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-10 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +39 | −25 | ~9 | 67 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~1 | 1 |
| Controls & procedures | Text added/removed | 0 | −1 | ~1 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | −1 | ~4 | 11 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-10
Marketplace GMV$2.7 billion$2.7 billion$5.4 billion$5.3 billion
Adjusted EBITDA$20.8 million$18.6 million$37.9 million$32.5 million
Marketplace and service cost of revenue (excluding depreciation & amortization) (1)
(1) Includes stock-based compensation expense as follows:Three months ended June 30,Six months ended June 30,
Marketplace and service cost of revenue (excluding depreciation & amortization)$210 $281 $407 $586
Text removed vs the prior filing · source: 10-Q · 2026-05-06
(1) Includes stock-based compensation expense as follows:Three months ended March 31,
(2) Includes acquired intangible asset amortization as follows:Three months ended March 31,
(3) Includes litigation-related costs as follows:Three months ended March 31,
(4) Includes amortization of capitalized stock based compensation as follows:Three months ended March 31,
(6) Includes other costs as follows:Three months ended March 31,
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-10
these borrowings. A hypothetical 100 basis point change in interest rates would not result in a material impact on our condensed consolidated financial statements.
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-05-06
Chief Executive Officer and Chief Financial Officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-10
•On June 15, 2026, Andrew Peer, ACV's Chief Accounting Officer, adopted a trading plan. Mr. Peer's trading plan provides for the sale of up to 8,000 shares plus a number of shares to be determined based on the number of certain unsold shares under Mr. Peer's prior trading plan and a number of shares…
24 months (in the case of the Chief Executive Officer) or 18 months (in the case of each other Executive) following the date of termination
Text removed vs the prior filing · source: 10-Q · 2026-05-06
•On February 25, 2026, Michael Waterman, ACV's Chief Sales Officer, terminated a trading plan. The Plan was originally entered into on December 15, 2025 and contemplated the sale of up to 306,793 shares, plus a number of shares to be determined based on net vesting of RSUs, between March 16, 2025 an…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice