Vroom, Inc. Financials
Financial Health Signals
Vroom, Inc. passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Vroom, Inc. generates $0.59 in operating cash flow (-$97.0M OCF vs -$165.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Vroom, Inc. (VRM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Vroom, Inc. generated -$100.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 81.3% from the prior year.
Vroom, Inc. reported -$165.1M in net income in fiscal year 2024. This represents an increase of 54.7% from the prior year.
Vroom, Inc. earned $-91.07 per diluted share (EPS) in fiscal year 2024. This represents an increase of 56.5% from the prior year.
Vroom, Inc. held $29.3M in cash against $381.4M in long-term debt as of fiscal year 2024.
Vroom, Inc. had 2M shares outstanding in fiscal year 2024. This represents an increase of 1.7% from the prior year.
Vroom, Inc. invested $3.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 32.9% from the prior year.
VRM Income Statement
| Metric | Q3'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | $235.9M+0.1% | $235.6M+4.6% | $225.2M+14.6% | $196.5M-5.9% | $208.9M |
| Cost of Revenue | N/A | N/A | N/A | $206.9M+10.3% | $187.5M+4.7% | $179.2M+13.6% | $157.7M-12.1% | $179.4M |
| Gross Profit | N/A | N/A | N/A | $29.0M-39.6% | $48.1M+4.5% | $46.0M+18.5% | $38.8M+31.7% | $29.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | -$263.1M-430.6% | $79.6M-8.5% | $87.0M-9.9% | $96.5M+6.4% | $90.8M |
| Operating Income | N/A | N/A | N/A | $163.4M+484.4% | -$42.5M+19.2% | -$52.6M+22.9% | -$68.3M+12.0% | -$77.6M |
| Interest Expense | $706K+47.1% | $480K-70.0% | $1.6M-90.2% | $16.3M+35.2% | $12.1M+25.1% | $9.6M+29.5% | $7.4M-38.4% | $12.1M |
| Income Tax | $144K-4.0% | $150K+21.0% | $124K-33.0% | $185K+58.1% | $117K-59.1% | $286K+429.6% | $54K-97.8% | $2.4M |
| Net Income | -$26.8M-321.6% | -$6.4M+84.0% | -$39.7M+71.8% | -$141.1M-70.6% | -$82.7M-25.3% | -$66.0M+11.6% | -$74.7M-385.2% | $26.2M |
| EPS (Diluted) | $-5.15-318.7% | $-1.23+94.4% | $-21.99+72.7% | $-80.66 | $-47.38-24.8% | $-37.97+12.0% | $-43.16 | $-257.85 |
VRM Balance Sheet
| Metric | Q3'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $949.2M-4.1% | $990.0M-7.2% | $1.1B-27.7% | $1.5B-10.4% | $1.6B+3.4% | $1.6B-3.6% | $1.7B+2.0% | $1.6B |
| Current Assets | N/A | N/A | N/A | $952.6M-6.0% | $1.0B+14.0% | $889.6M+1.2% | $879.0M+8.0% | $814.2M |
| Cash & Equivalents | $12.4M-14.8% | $14.6M-50.4% | $29.3M-78.4% | $135.6M-35.0% | $208.6M-12.3% | $237.9M-24.9% | $316.7M-20.6% | $398.9M |
| Inventory | N/A | N/A | N/A | $163.3M-32.2% | $240.7M+15.2% | $208.9M-1.9% | $213.0M-33.6% | $320.6M |
| Accounts Receivable | N/A | N/A | N/A | $9.1M+1.3% | $9.0M-5.7% | $9.6M-5.1% | $10.1M | $0 |
| Goodwill | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $822.6M-1.1% | $831.3M-24.3% | $1.1B-18.6% | $1.3B-2.9% | $1.4B+10.8% | $1.3B+0.3% | $1.2B+9.7% | $1.1B |
| Current Liabilities | N/A | N/A | N/A | $856.8M+4.1% | $823.2M+23.3% | $667.4M+1.4% | $658.1M+186.7% | $229.5M |
| Long-Term Debt | $492.1M-24.9% | $655.4M+71.9% | $381.4M-16.0% | $454.2M-12.9% | $521.4M-4.3% | $544.9M-1.8% | $554.7M+37.9% | $402.2M |
| Total Equity | $126.6M-20.2% | $158.6M+612.6% | -$30.9M-124.2% | $127.7M-51.6% | $263.6M-23.2% | $343.4M-15.7% | $407.1M-15.2% | $479.8M |
| Retained Earnings | -$41.6M-555.7% | -$6.4M+99.7% | -$2.1B-8.4% | -$2.0B-7.4% | -$1.8B-4.8% | -$1.7B-4.0% | -$1.7B-5.0% | -$1.6B |
VRM Cash Flow Statement
| Metric | Q3'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.4M+15.2% | $16.8M+176.0% | -$22.1M+79.5% | -$108.1M+44.2% | -$193.5M-31.5% | -$147.1M-73.0% | -$85.0M+1.1% | -$86.0M |
| Capital Expenditures | $2.2M+50.0% | $1.5M+6.8% | $1.4M+97.1% | $698K+3.1% | $677K+55.6% | $435K-46.6% | $814K-80.9% | $4.3M |
| Free Cash Flow | $17.2M+11.8% | $15.4M+165.4% | -$23.5M+78.4% | -$108.8M+44.0% | -$194.2M-31.6% | -$147.5M-71.9% | -$85.8M+4.9% | -$90.2M |
| Investing Cash Flow | -$17.9M+62.5% | -$47.7M-293.8% | $24.6M-31.1% | $35.7M-16.5% | $42.7M-10.7% | $47.9M+2.3% | $46.8M+174.5% | $17.1M |
| Financing Cash Flow | -$1.2M-103.4% | $37.0M+266.2% | -$22.3M-181.1% | -$7.9M-105.8% | $135.6M+819.3% | $14.8M+132.7% | -$45.1M+28.5% | -$63.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VRM Financial Ratios
| Metric | Q3'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 12.3%-8.1pp | 20.4%-0.0pp | 20.4%+0.7pp | 19.8%+5.7pp | 14.1% |
| Operating Margin | N/A | N/A | N/A | 69.3%+87.3pp | -18.0%+5.3pp | -23.4%+11.4pp | -34.8%+2.4pp | -37.1% |
| Net Margin | N/A | N/A | N/A | -59.8%-24.7pp | -35.1%-5.8pp | -29.3%+8.7pp | -38.0%-50.6pp | 12.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.5% |
| Return on Assets | -2.8%-2.2pp | -0.6%+2.9pp | -3.5%+6.0pp | -9.6%-4.5pp | -5.0%-0.9pp | -4.2%+0.4pp | -4.5%-6.2pp | 1.6% |
| Current Ratio | N/A | N/A | N/A | 1.11-0.1 | 1.23-0.1 | 1.330.0 | 1.34-2.2 | 3.55 |
| Debt-to-Equity | 3.89-0.2 | 4.13+16.5 | -12.32-15.9 | 3.56+1.6 | 1.98+0.4 | 1.59+0.2 | 1.36+0.5 | 0.84 |
| FCF Margin | N/A | N/A | N/A | -46.1%+36.3pp | -82.4%-16.9pp | -65.5%-21.8pp | -43.7%-0.5pp | -43.2% |
Note: Shareholder equity is negative (-$30.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
Is Vroom, Inc. profitable?
No, Vroom, Inc. (VRM) reported a net income of -$165.1M in fiscal year 2024.
What is Vroom, Inc.'s earnings per share (EPS)?
Vroom, Inc. (VRM) reported diluted earnings per share of $-91.07 for fiscal year 2024. This represents a 56.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Vroom, Inc. have?
As of fiscal year 2024, Vroom, Inc. (VRM) had $29.3M in cash and equivalents against $381.4M in long-term debt.
What is Vroom, Inc.'s free cash flow?
Vroom, Inc. (VRM) generated -$100.5M in free cash flow during fiscal year 2024. This represents a 81.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Vroom, Inc.'s operating cash flow?
Vroom, Inc. (VRM) generated -$97.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Vroom, Inc.'s total assets?
Vroom, Inc. (VRM) had $1.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Vroom, Inc.'s capital expenditures?
Vroom, Inc. (VRM) invested $3.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Vroom, Inc. have outstanding?
Vroom, Inc. (VRM) had 2M shares outstanding as of fiscal year 2024.
What is Vroom, Inc.'s debt-to-equity ratio?
Vroom, Inc. (VRM) had a debt-to-equity ratio of -12.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vroom, Inc.'s return on assets (ROA)?
Vroom, Inc. (VRM) had a return on assets of -15.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Vroom, Inc.'s cash runway?
Based on fiscal year 2024 data, Vroom, Inc. (VRM) had $29.3M in cash against an annual operating cash burn of $97.0M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Vroom, Inc.'s debt-to-equity ratio negative or unusual?
Vroom, Inc. (VRM) has negative shareholder equity of -$30.9M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Vroom, Inc.'s Piotroski F-Score?
Vroom, Inc. (VRM) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vroom, Inc.'s earnings high quality?
Vroom, Inc. (VRM) has an earnings quality ratio of 0.59x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.