Vroom, Inc.Warrant Financials

VRMWW

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Vroom, Inc.Warrant (VRMWW) 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).

Financial Health Signals

Piotroski F-Score Weak

2/9

Vroom, Inc.Warrant 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).

Earnings Quality Low Quality

0.59x

For every $1 of reported earnings, Vroom, Inc.Warrant 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.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$165.1M

YoY+54.7%

Vroom, Inc.Warrant reported -$165.1M in net income in fiscal year 2024. This represents an increase of 54.7% from the prior year.

EPS (Diluted)

$-91.07

YoY+56.5%

Vroom, Inc.Warrant earned $-91.07 per diluted share (EPS) in fiscal year 2024. This represents an increase of 56.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$100.5M

YoY+81.3%

Vroom, Inc.Warrant 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.

Cash & Debt

$29.3M

YoY-78.4%

5Y CAGR-33.0%

Vroom, Inc.Warrant held $29.3M in cash against $381.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+1.7%

Vroom, Inc.Warrant had 2M shares outstanding in fiscal year 2024. This represents an increase of 1.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3.5M

YoY+32.9%

5Y CAGR-0.2%

Vroom, Inc.Warrant 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.

VRMWW Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	$893.2M-54.2%	$1.9B-38.8%	$3.2B+134.5%	$1.4B+13.9%	$1.2B
Cost of Revenue	N/A	$731.3M-57.1%	$1.7B-42.9%	$3.0B+131.9%	$1.3B+13.4%	$1.1B
Gross Profit	N/A	$161.9M-33.8%	$244.8M+21.1%	$202.1M+182.5%	$71.5M+23.7%	$57.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$0-100.0%	$566.4M+3.4%	$547.8M+123.1%	$245.5M+32.7%	$185.0M
Operating Income	N/A	$0+100.0%	-$571.8M-59.4%	-$358.6M-100.8%	-$178.6M-34.1%	-$133.1M
Interest Expense	$5.8M-87.2%	$45.4M+11.7%	$40.7M+85.4%	$21.9M+127.3%	$9.7M-33.8%	$14.6M
Income Tax	$856K+33.3%	$642K+103.3%	-$19.7M-2710.1%	$754K+797.6%	$84K-50.0%	$168K
Net Income	-$165.1M+54.7%	-$364.6M+19.1%	-$450.5M-21.4%	-$370.9M-82.9%	-$202.8M-41.8%	-$143.0M
EPS (Diluted)	$-91.07+56.5%	$-209.17+20.0%	$-261.31	$-2.72+1.4%	$-2.76	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$235.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$206.9M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$29.0M
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	N/A	N/A	N/A	N/A	-$263.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$163.4M
Interest Expense	$706K+1.1%	$698K+45.4%	$480K	N/A	$1.6M-89.3%	$15.0M+4.5%	$14.3M-12.0%	$16.3M
Income Tax	$144K+144.1%	$59K-60.7%	$150K	N/A	$124K+174.3%	-$167K-138.3%	$436K+135.7%	$185K
Net Income	-$26.8M-214.3%	-$8.5M-34.1%	-$6.4M	N/A	-$39.7M-87.6%	-$21.2M+68.7%	-$67.6M+52.1%	-$141.1M
EPS (Diluted)	$-5.15-212.1%	$-1.65-34.1%	$-1.23	N/A	$-21.99-86.8%	$-11.77+68.8%	$-37.68	N/A

VRMWW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.1B-27.7%	$1.5B-8.9%	$1.6B-31.6%	$2.4B+37.3%	$1.7B+206.0%	$563.4M
Current Assets	N/A	$952.6M+17.0%	$814.2M-61.3%	$2.1B+31.6%	$1.6B+243.4%	$465.3M
Cash & Equivalents	$29.3M-78.4%	$135.6M-66.0%	$398.9M-64.8%	$1.1B+7.2%	$1.1B+385.1%	$217.7M
Inventory	N/A	$163.3M-49.1%	$320.6M-55.9%	$726.4M+71.5%	$423.6M+105.9%	$205.7M
Accounts Receivable	N/A	$9.1M	$0-100.0%	$105.4M+74.1%	$60.6M+96.4%	$30.8M
Goodwill	N/A	$0	$0-100.0%	$158.8M+103.2%	$78.2M0.0%	$78.2M
Total Liabilities	$1.1B-18.6%	$1.3B+18.3%	$1.1B-21.5%	$1.5B+192.1%	$497.0M-56.3%	$1.1B
Current Liabilities	N/A	$856.8M+273.3%	$229.5M-72.3%	$827.3M+71.4%	$482.7M+85.8%	$259.8M
Long-Term Debt	$381.4M-16.0%	$454.2M+12.9%	$402.2M-34.1%	$610.6M	N/A	N/A
Total Equity	-$30.9M-124.2%	$127.7M-73.4%	$479.8M-47.6%	$915.2M-25.4%	$1.2B+313.8%	-$573.9M
Retained Earnings	-$2.1B-8.4%	-$2.0B-22.8%	-$1.6B-38.9%	-$1.1B-47.7%	-$777.9M-35.6%	-$573.9M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$949.2M-3.1%	$979.8M-1.0%	$990.0M-7.2%	$1.1B-5.1%	$1.1B-4.8%	$1.2B-3.4%	$1.2B-17.2%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$952.6M
Cash & Equivalents	$12.4M-13.0%	$14.3M-2.1%	$14.6M-50.4%	$29.3M-42.6%	$51.1M-19.4%	$63.4M-30.3%	$91.0M-32.9%	$135.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$163.3M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$822.6M-0.6%	$827.8M-0.4%	$831.3M-24.3%	$1.1B-1.9%	$1.1B-1.6%	$1.1B-2.0%	$1.2B-13.9%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$856.8M
Long-Term Debt	$492.1M-12.7%	$563.7M-14.0%	$655.4M+71.9%	$381.4M-47.7%	$729.4M-8.2%	$794.7M+45.0%	$548.1M+20.7%	$454.2M
Total Equity	$126.6M-16.7%	$151.9M-4.2%	$158.6M+612.6%	-$30.9M-760.8%	$4.7M-89.1%	$43.1M-29.8%	$61.5M-51.8%	$127.7M
Retained Earnings	-$41.6M-180.1%	-$14.9M-134.1%	-$6.4M+99.7%	-$2.1B-1.8%	-$2.1B-1.9%	-$2.0B-1.0%	-$2.0B-3.4%	-$2.0B

VRMWW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$97.0M+81.8%	-$533.7M-389.3%	-$109.1M+80.8%	-$568.7M-60.1%	-$355.3M-64.7%	-$215.6M
Capital Expenditures	$3.5M+32.9%	$2.6M-89.2%	$24.2M-14.7%	$28.4M+150.8%	$11.3M+221.1%	$3.5M
Free Cash Flow	-$100.5M+81.3%	-$536.3M-302.3%	-$133.3M+77.7%	-$597.1M-62.9%	-$366.6M-67.3%	-$219.2M
Investing Cash Flow	$132.6M-23.4%	$173.2M+205.4%	-$164.2M-57.5%	-$104.3M-820.5%	-$11.3M-221.1%	-$3.5M
Financing Cash Flow	-$166.0M-270.5%	$97.3M+120.7%	-$469.5M-158.9%	$797.7M-35.5%	$1.2B+349.4%	$275.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$1.8M-68.8%	$5.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$19.4M+9.7%	$17.7M+5.0%	$16.8M+176.0%	-$22.1M+30.2%	-$31.7M+52.2%	-$66.3M-386.7%	$23.1M+121.4%	-$108.1M
Capital Expenditures	$2.2M+28.1%	$1.7M+17.2%	$1.5M+6.8%	$1.4M+16.1%	$1.2M+320.2%	$282K-56.2%	$644K-7.7%	$698K
Free Cash Flow	$17.2M+7.7%	$16.0M+3.8%	$15.4M+165.4%	-$23.5M+28.5%	-$32.9M+50.6%	-$66.6M-396.2%	$22.5M+120.7%	-$108.8M
Investing Cash Flow	-$17.9M+3.9%	-$18.6M+61.0%	-$47.7M-293.8%	$24.6M-20.9%	$31.1M-13.0%	$35.8M-12.9%	$41.1M+15.0%	$35.7M
Financing Cash Flow	-$1.2M-345.0%	$509K-98.6%	$37.0M+266.2%	-$22.3M-73.5%	-$12.8M-896.0%	$1.6M+101.2%	-$132.5M-1573.5%	-$7.9M
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

VRMWW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	18.1%+5.6pp	12.6%+6.2pp	6.3%+1.1pp	5.3%+0.4pp	4.9%
Operating Margin	N/A	0.0%+29.3pp	-29.3%-18.1pp	-11.3%+1.9pp	-13.2%-2.0pp	-11.2%
Net Margin	N/A	-40.8%-17.7pp	-23.1%-11.5pp	-11.7%+3.3pp	-14.9%-2.9pp	-12.0%
Return on Equity	N/A	-285.6%-191.7pp	-93.9%-53.3pp	-40.5%-24.0pp	-16.5%	N/A
Return on Assets	-15.5%+9.2pp	-24.7%+3.1pp	-27.8%-12.2pp	-15.7%-3.9pp	-11.8%+13.6pp	-25.4%
Current Ratio	N/A	1.11-2.4	3.55+1.0	2.54-0.8	3.31+1.5	1.79
Debt-to-Equity	-12.32-15.9	3.56+2.7	0.84+0.2	0.67+0.3	0.41+2.4	-1.98
FCF Margin	N/A	-60.0%-53.2pp	-6.8%+11.9pp	-18.8%+8.3pp	-27.0%-8.6pp	-18.4%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	12.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	69.3%
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-59.8%
Return on Equity	-21.1%-15.5pp	-5.6%-1.6pp	-4.0%	N/A	-848.7%-799.6pp	-49.1%+60.9pp	-110.0%+0.6pp	-110.5%
Return on Assets	-2.8%-1.9pp	-0.9%-0.2pp	-0.6%	N/A	-3.5%-1.8pp	-1.8%+3.7pp	-5.5%+4.0pp	-9.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.11
Debt-to-Equity	3.89+0.2	3.71-0.4	4.13+16.5	-12.32-168.1	155.75+137.3	18.42+9.5	8.91+5.4	3.56
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-46.1%

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.

Frequently Asked Questions

Is Vroom, Inc.Warrant profitable?

No, Vroom, Inc.Warrant (VRMWW) reported a net income of -$165.1M in fiscal year 2024.

What is Vroom, Inc.Warrant's earnings per share (EPS)?

Vroom, Inc.Warrant (VRMWW) 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.Warrant have?

As of fiscal year 2024, Vroom, Inc.Warrant (VRMWW) had $29.3M in cash and equivalents against $381.4M in long-term debt.

What is Vroom, Inc.Warrant's free cash flow?

Vroom, Inc.Warrant (VRMWW) 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.Warrant's operating cash flow?

Vroom, Inc.Warrant (VRMWW) generated -$97.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Vroom, Inc.Warrant's total assets?

Vroom, Inc.Warrant (VRMWW) had $1.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Vroom, Inc.Warrant's capital expenditures?

Vroom, Inc.Warrant (VRMWW) invested $3.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Vroom, Inc.Warrant have outstanding?

Vroom, Inc.Warrant (VRMWW) had 2M shares outstanding as of fiscal year 2024.

What is Vroom, Inc.Warrant's debt-to-equity ratio?

Vroom, Inc.Warrant (VRMWW) 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.Warrant's return on assets (ROA)?

Vroom, Inc.Warrant (VRMWW) 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.Warrant's cash runway?

Based on fiscal year 2024 data, Vroom, Inc.Warrant (VRMWW) 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.Warrant's debt-to-equity ratio negative or unusual?

Vroom, Inc.Warrant (VRMWW) 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.Warrant's Piotroski F-Score?

Vroom, Inc.Warrant (VRMWW) 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.Warrant's earnings high quality?

Vroom, Inc.Warrant (VRMWW) 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.