Vroom Announces Third Quarter 2026 Results

Quarterly realized and unrealized losses, net of recoveries, fell 52.8% year over year, while several income streams declined.

Rhea-AI Summary

Vroom (Nasdaq: VRM) reported a third-quarter 2026 net loss of $9.8 million, narrowing from the same quarter a year earlier. The loss improved by $16.9 million year over year but increased $10.4 million sequentially. Vroom attributed the sequential deterioration primarily to higher mark-to-market losses from seasonality, rising interest rates and higher expected lifetime losses on older loans. Loss attributable to common shareholders was $10.5 million; adjusted net loss was $8.7 million.

At September 30, stockholders' equity was $91.1 million and available liquidity was $64.2 million. Vroom Automotive issued preferred stock units for $20 million in gross proceeds during the quarter. Vroom completed approximately $234.2 million of asset-backed securities issuance on October 15. Updated full-year guidance calls for $460 million to $485 million in indirect originations and an adjusted net loss of $30 million to $35 million.

14 points · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 24 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointVroom Automotive preferred stock issuance raised $20 million in gross proceeds during the quarter. 56% of market cap
• Moderate pointThird-quarter net loss narrowed $16.9 million year over year, but increased $10.4 million sequentially.
• Moderate pointThird-quarter realized and unrealized losses, net of recoveries, fell 52.8% to $20.404 million year over year.
• Moderate pointThird-quarter net interest income after losses and recoveries reached $11.319 million, versus negative $11.688 million.
• Moderate pointUACC third-quarter adjusted net loss narrowed 77.5% year over year to $5.806 million.
• Moderate pointTrailing-twelve-month adjusted net loss decreased $30.0 million versus the period ended September 30, 2025.

8 minor points

• Minor pointThird-quarter net interest income rose 0.7% year over year to $31.723 million.
• Minor pointThird-quarter warehouse credit facility interest expense fell 1.6% year over year to $4.472 million.
• Minor pointThird-quarter securitization debt interest expense fell 15.0% year over year to $7.458 million.
• Minor pointUACC third-quarter warranties and GAP income rose 8.8% year over year to $3.106 million.
• Minor pointNine-month impairment charges were zero, versus $4.156 million in the non-GAAP combined 2025 period.
• Minor pointNine-month compensation and benefits fell 2.1% versus non-GAAP combined 2025 results to $55.088 million.
• Minor pointNine-month professional fees fell 2.3% versus non-GAAP combined 2025 results to $8.985 million.
• Minor pointNine-month other expenses fell 7.4% versus non-GAAP combined 2025 results to $7.230 million.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Full-year 2026 guidance projects an adjusted net loss of $30 million to $35 million.
• Moderate pointOctober 15 securitization issued approximately $234.2 million in fixed-rate asset-backed securities. 6.6× market cap
• Moderate pointNine-month net loss was $28.277 million, versus $3.439 million income in non-GAAP combined 2025 results.
• Moderate pointTrailing-twelve-month net loss increased $5.7 million versus the period ended September 30, 2025.
• Minor pointThird-quarter loss attributable to common shareholders was $10.543 million, versus $26.776 million a year earlier.

19 minor points

• Minor pointThird-quarter adjusted net loss was $8.7 million.
• Minor pointThird-quarter subsidiary preferred stock dividends attributable to noncontrolling interests were $696,000.
• Minor pointThird-quarter interest income declined 2.6% year over year to $43.653 million.
• Minor pointThird-quarter servicing income declined 15.3% year over year to $922,000.
• Minor pointConsolidated third-quarter warranties and GAP income declined 15.0% year over year to $2.678 million.
• Minor pointThird-quarter CarStory revenue declined 6.4% year over year to $1.261 million.
• Minor pointThird-quarter other income declined 52.5% year over year to $1.863 million.
• Minor pointThird-quarter compensation and benefits increased 5.6% year over year to $17.191 million.
• Minor pointThird-quarter professional fees increased 61.3% year over year to $2.481 million.
• Minor pointThird-quarter software and IT costs increased 8.2% year over year to $3.312 million.
• Minor pointThird-quarter depreciation and amortization increased 57.2% year over year to $1.569 million.
• Minor pointThird-quarter corporate debt interest expense increased 47.7% year over year to $1.043 million.
• Minor pointThird-quarter other expenses increased 0.8% year over year to $2.248 million.
• Minor pointNine-month interest income declined 3.8% versus non-GAAP combined 2025 results to $129.734 million.
• Minor pointNine-month net interest income declined 1.4% versus non-GAAP combined 2025 results to $93.763 million.
• Minor pointNine-month servicing income declined 21.3% versus non-GAAP combined 2025 results to $2.986 million.
• Minor pointNine-month warranties and GAP income declined 22.6% versus non-GAAP combined 2025 results to $8.655 million.
• Minor pointNine-month CarStory revenue declined 35.3% versus non-GAAP combined 2025 results to $3.891 million.
• Minor pointNine-month other income declined 17.8% versus non-GAAP combined 2025 results to $7.060 million.

News Explained

At September 30, 2026, Vroom reported $64.2 million of available liquidity: $33.0 million in cash and cash equivalents, $4.2 million of warehouse-facility availability for UACC and $27.0 million from a delayed-draw facility, meaning the total was not solely cash.

Key Figures

Consolidated total available liquidity: $64.2 million Net loss: $9.8 million Adjusted net loss: $8.7 million +4 more

Consolidated total available liquidity

$64.2 million

As of September 30, 2026

Net loss

$9.8 million

Third quarter 2026

Adjusted net loss

$8.7 million

Third quarter 2026

Year-over-year net loss improvement

$16.9 million

Third quarter 2026

Indirect origination volume guidance

$460–$485 million

Updated full-year 2026 guidance

Adjusted net loss guidance

$30–$35 million

Updated full-year 2026 guidance

Preferred stock units proceeds

$20 million

Aggregate gross proceeds from issuance in Vroom Automotive

Previous Earnings Reports

3 past events · Latest: Aug 04

Same Type 3 events

1. Aug 04

   2Q26 earnings

   24h Move

   +35.4%

   Reported first-ever positive net income and adjusted net income in the preceding quarter.

2. May 14

   1Q26 earnings

   24h Move

   -1.9%

   Set full-year adjusted net loss guidance at $25–$30 million.

3. Nov 10

   3Q25 earnings

   24h Move

   -3.9%

   Reported $25.7 million adjusted net loss and $27.1 million continuing-operations net loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, mark to market, securitization, asset-backed securities, +1 more

5 terms

non-gaap financial

"Adjusted net income (loss) is a non-GAAP measure."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

mark to market financial

"primarily driven by lower mark to market losses"

Mark to market is an accounting practice that records the value of an asset or liability at its current market price instead of its original purchase cost. For investors, it means a company's reported earnings, balance sheet and capital ratios change as market prices move—like updating a price tag each day—so reported profits and risk can fluctuate quickly with market swings.

securitization financial

"we completed our 19th securitization transaction"

Securitization is when a bank or company takes a bunch of loans or assets, like mortgages or car loans, and bundles them together into a single package. They then sell pieces of this package to investors, who receive regular payments from the borrowers. This process helps the original lender get money quickly and spreads the risk among many investors.

asset-backed securities financial

"issuing approximately $234.2 million aggregate principal amount of fixed rate asset-backed securities."

A type of investment created by pooling many similar cash‑flowing assets — like mortgages, car loans, or credit card receivables — and selling slices of that bundle to investors who then receive the payments those assets generate. Think of it as a fruit basket where buyers earn the fruit sales: investors get steady income but also take on the risk that the underlying loans stop performing or are paid off early. Investors care because these securities can provide predictable yield, portfolio diversification, and varying levels of credit and liquidity risk depending on the quality of the underlying assets.

fresh-start accounting financial

"qualifying for the application of fresh-start accounting"

An accounting method used after a company completes a major restructuring or emerges from bankruptcy that resets the values on its balance sheet to current, “fresh” amounts rather than carrying forward old book values. Think of it like wiping a chalkboard clean and writing new asset and debt numbers based on current market value; this can change reported profits, asset lives and equity levels, so investors should treat post-reset results carefully when comparing performance or valuing the business.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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$91.1 million stockholders' equity as of September 30, 2026

NEW YORK, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq:VRM) today announced financial results for the third quarter ended September 30, 2026.

HIGHLIGHTS OF THIRD QUARTER 2026

• $91.1 million stockholders' equity as of September 30, 2026 and $80.2 million tangible book value⁽¹⁾ as of September 30, 2026
• $64.2 million consolidated total available liquidity⁽²⁾ as of September 30, 2026, consisting of:
  • $33.0 million cash and cash equivalents 
  • $4.2 million liquidity available to UACC under the warehouse credit facilities
  • $27.0 million available liquidity from delayed draw facility
• $9.8 million net loss for the third quarter 2026
• $10.5 million net loss attributable to controlling interest and common shareholders for the third quarter 2026
• $8.7 million adjusted net loss⁽³⁾ for the third quarter 2026
• $5.7 million increase in net loss and $30.0 million decrease in adjusted net loss⁽³⁾ for the trailing twelve months ended September 30, 2026⁽⁴⁾ compared to trailing twelve months ended September 30, 2025⁽⁴⁾
• $16.9 million year-over-year improvement in net loss for the third quarter 2026, primarily driven by lower mark to market losses due to our rebuilt internal customer scoring model. $10.4 million quarter over quarter increase in net loss, primarily driven by higher mark to market losses due to seasonality, rising interest rates and higher lifetime loss expectations on our legacy vintages underwritten prior to the implementation of our rebuilt internal customer scoring model in September 2025.
• $460 to $485 million updated full year indirect origination volume guidance and $30 to $35 million updated full year adjusted net loss⁽⁵⁾ guidance to reflect third quarter results.
  
  

(1)	Tangible book value is a non-GAAP measure and represents total stockholders' equity of $91.1 million, excluding intangible assets of $10.9 million as of September 30, 2026.
(2)	Total available liquidity is a non-GAAP measure and represents $33.0 million of unrestricted cash and cash equivalents, as well as $4.2 million of availability from warehouse credit facilities, and $27.0 million of availability from delayed draw facility.
(3)	Adjusted net income (loss) is a non-GAAP measure. For definitions and a reconciliation to the most comparable GAAP measure, please see Non-GAAP Financial Measures section below.
(4)	Adjusted net income (loss) for the trailing twelve months ended September 30, 2026 and trailing twelve months ended September 30, 2025 are non-GAAP measures, and trailing twelve months ended September 30, 2025 includes non-GAAP combined results for the three months ended March 31, 2025.  For a definition and reconciliation to the most comparable GAAP measure, please see Non-GAAP Financial Measures section below.
(5)	A reconciliation of non-GAAP guidance measures to corresponding GAAP measures for the full year 2026 Financial Outlook is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, the costs and expenses that may be incurred in the future the amounts of which may be material. We have provided a reconciliation of GAAP to non-GAAP financial measures for historical periods in the reconciliation table in the Non-GAAP Financial Measures below.

Tom Shortt, Chief Executive Officer of Vroom, said, "In the third quarter of 2026, adjusted net loss improved significantly year-over-year as we continue to see the benefits of our rebuilt internal customer scoring model, which was implemented in September 2025. We also continue to make significant investments in our Next-Generation Technology Platform and we are pleased with the rollout of our Next-Generation FastLane dealer portal."

Jon Sandison, Chief Financial Officer of Vroom, added, "During the third quarter, we further strengthened our balance sheet by issuing preferred stock units in our subsidiary, Vroom Automotive, for aggregate gross proceeds of $20 million. We ended the quarter with total available liquidity of $64.2 million, and remain focused on disciplined expense management. On October 15, 2026, we completed our 19th securitization transaction, issuing approximately $234.2 million aggregate principal amount of fixed rate asset-backed securities."

Fresh Start Accounting

As a result of emerging from a voluntary proceeding (the “Prepackaged Chapter 11 Case”) under Chapter 11 of the United States Code, 11 U.S.C. §§ 101-1532, as amended from time to time, on January 14, 2025, (the "Effective Date") and qualifying for the application of fresh-start accounting, at the Effective Date, Vroom’s assets and liabilities were recorded at their estimated fair values which, in some cases, are significantly different than amounts included in our financial statements prior to the Effective Date. Accordingly, our consolidated financial statements after the Effective Date are not comparable with our consolidated financial statements on or before that date. References to “Successor” relate to our financial position and results of operations after the Effective Date. References to “Predecessor” refer to our financial position and results of operations on or before the Effective Date.

The combined results (referenced as “Non-GAAP Combined” or “Combined”) for the nine months ended September 30, 2025, represent the sum of the reported amounts for the Predecessor period from January 1, 2025, through January 14, 2025, and the Successor period from January 15, 2025, through September 30, 2025. These combined results are not considered to be prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and have not been prepared as pro forma results per applicable regulations. The combined operating results do not reflect the actual results we would have achieved absent our emergence from the Prepackaged Chapter 11 Case and are not necessarily indicative of future results. Accordingly, the results for the combined nine months ended September 30, 2025, (prepared on a Non-GAAP basis) and nine months ended September 30, 2026, (prepared on a GAAP basis) may not be comparable, particularly for statement of operations line items significantly impacted by the reorganization transactions and the impact of fresh start accounting.

THIRD QUARTER 2026 FINANCIAL DISCUSSION

All financial comparisons are on a year-over-year basis unless otherwise noted. The following financial information is unaudited.

		Three Months Ended September 30,
		2026				2025				$ Change				% Change
		(in thousands)
Interest income		$	43,653			$	44,829			$	(1,176	)			(2.6	)%
Interest expense:
Warehouse credit facility			4,472				4,544				(72	)			(1.6	)%
Securitization debt			7,458				8,771				(1,313	)			(15.0	)%
Total interest expense			11,930				13,315				(1,385	)			(10.4	)%
Net interest income			31,723				31,514				209				0.7	%
Realized and unrealized losses, net of recoveries			20,404				43,202				(22,798	)			(52.8	)%
Net interest income after losses and recoveries			11,319				(11,688	)			23,007				196.8	%
Noninterest income:
Servicing income			922				1,088				(166	)			(15.3	)%
Warranties and GAP income, net			2,678				3,152				(474	)			(15.0	)%
CarStory revenue			1,261				1,347				(86	)			(6.4	)%
Other income			1,863				3,924				(2,061	)			(52.5	)%
Total noninterest income			6,724				9,511				(2,787	)			(29.3	)%
Expenses:
Compensation and benefits			17,191				16,287				904				5.6	%
Professional fees			2,481				1,538				943				61.3	%
Software and IT costs			3,312				3,062				250				8.2	%
Depreciation and amortization			1,569				998				571				57.2	%
Interest expense on corporate debt			1,043				706				337				47.7	%
Other expenses			2,248				2,230				18				0.8	%
Total expenses			27,844				24,821				3,023				12.2	%
Loss from continuing operations before provision for income taxes			(9,801	)			(26,998	)			17,197				63.7	%
(Benefit) provision for income taxes from continuing operations			24				144				(120	)			(83.3	)%
Net loss from continuing operations		$	(9,825	)		$	(27,142	)		$	17,317				63.8	%
Net (loss) income from discontinued operations		$	(22	)		$	366			$	(388	)			(106.0	)%
Net loss		$	(9,847	)		$	(26,776	)		$	16,929				63.2	%
Preferred stock dividends attributable to noncontrolling interests of subsidiary		$	(696	)		$	—			$	(696	)			100.0	%
Net loss attributable to controlling interest and common shareholders		$	(10,543	)		$	(26,776	)		$	16,233				60.6	%

		Successor									Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
		Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,				Nine months ended September 30,
		2026				2025					2025				2025				$ Change				% Change
		(in thousands)
Interest income		$	129,734			$	127,734				$	7,183			$	134,917			$	(5,183	)			(3.8	)%
Interest expense:
Warehouse credit facility			11,307				12,421					1,017				13,438				(2,131	)			(15.9	)%
Securitization debt			24,664				25,202					1,178				26,380				(1,716	)			(6.5	)%
Total interest expense			35,971				37,623					2,195				39,818				(3,847	)			(9.7	)%
Net interest income			93,763				90,111					4,988				95,099				(1,336	)			(1.4	)%
Realized and unrealized losses, net of recoveries			55,750				73,802					6,792				80,594				(24,844	)			(30.8	)%
Net interest income (loss) after losses and recoveries			38,013				16,309					(1,804	)			14,505				23,508				162.1	%
Noninterest income:
Servicing income			2,986				3,601					192				3,793				(807	)			(21.3	)%
Warranties and GAP income, net			8,655				10,876					307				11,183				(2,528	)			(22.6	)%
CarStory revenue			3,891				5,585					432				6,017				(2,126	)			(35.3	)%
Other income			7,060				8,472					113				8,585				(1,525	)			(17.8	)%
Total noninterest income			22,592				28,534					1,044				29,578				(6,986	)			(23.6	)%
Expenses:
Compensation and benefits			55,088				53,445					2,823				56,268				(1,180	)			(2.1	)%
Professional fees			8,985				8,898					297				9,195				(210	)			(2.3	)%
Software and IT costs			9,717				8,884					457				9,341				376				4.0	%
Depreciation and amortization			4,391				2,315					1,057				3,372				1,019				30.2	%
Interest expense on corporate debt			3,318				1,884					176				2,060				1,258				61.1	%
Impairment charges			—				4,156					—				4,156				(4,156	)			(100.0	)%
Other expenses			7,230				7,433					371				7,804				(574	)			(7.4	)%
Total expenses			88,729				87,015					5,181				92,196				(3,467	)			(3.8	)%
Loss from continuing operations before provision for income taxes			(28,124	)			(42,172	)				(5,941	)			(48,113	)			19,989				41.5	%
Reorganization items, net			—				—					51,036				51,036				(51,036	)			(100.0	)%
(Loss) income from continuing operations before provision for income taxes			(28,124	)			(42,172	)				45,095				2,923				(31,047	)			(1,062.2	)%
Provision for income taxes from continuing operations			192				353					5				358				(166	)			(46.4	)%
Net (loss) income from continuing operations		$	(28,316	)		$	(42,525	)			$	45,090			$	2,565			$	(30,881	)			(1,203.9	)%
Net income (loss) from discontinued operations		$	39			$	878				$	(4	)		$	874			$	(835	)			(95.5	)%
Net (loss) income		$	(28,277	)		$	(41,647	)			$	45,086			$	3,439			$	(31,716	)			(922.2	)%
Preferred stock dividends attributable to noncontrolling interests of subsidiary		$	(1,958	)		$	—				$	—			$	—			$	(1,958	)			100.0	%
Net (loss) income attributable to controlling interest and common shareholders		$	(30,235	)		$	(41,647	)			$	45,086			$	3,439			$	(33,674	)			(979.2	)%

Results by Segment

UACC

	Three Months Ended September 30,
	2026					2025				Change				% Change
	(in thousands)
Interest income	$	43,653				$	44,829			$	(1,176	)			(2.6	)%
Interest expense:
Warehouse credit facility		4,472					4,544				(72	)			(1.6	)%
Securitization debt		7,458					8,771				(1,313	)			(15.0	)%
Total interest expense		11,930					13,315				(1,385	)			(10.4	)%
Net interest income		31,723					31,514				209				0.7	%
Realized and unrealized losses, net of recoveries		20,547					43,550				(23,003	)			(52.8	)%
Net interest income after losses and recoveries		11,176					(12,036	)			23,212				192.9	%
Noninterest income:
Servicing income		922					1,088				(166	)			(15.3	)%
Warranties and GAP income, net		3,106					2,855				251				8.8	%
Other income		1,826					1,883				(57	)			(3.0	)%
Total noninterest income		5,854					5,826				28				0.5	%
Expenses:
Compensation and benefits		15,235					14,072				1,163				8.3	%
Professional fees		1,526					826				700				84.7	%
Software and IT costs		3,211					2,502				709				28.3	%
Depreciation and amortization		1,471					887				584				65.8	%
Interest expense on corporate debt		465					664				(199	)			(29.9	)%
Other expenses		1,806					1,736				70				4.0	%
Total expenses		23,714					20,687				3,027				14.6	%
Preferred stock dividends attributable to noncontrolling interests of subsidiary		(696	)				—				(696	)			100.0	%
Adjusted net loss	$	(5,806	)			$	(25,784	)		$	19,978				77.5	%
Stock compensation expense	$	1,227				$	1,112			$	115				10.3	%
Severance	$	348				$	—			$	348				100.0	%

	Successor									Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
	Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,				Nine months ended September 30,
	2026				2025					2025				2025				Change				% Change
	(in thousands)
Interest income	$	129,734			$	127,734				$	7,254			$	134,988			$	(5,254	)			(3.9	)%
Interest expense:
Warehouse credit facility		11,307				12,421					1,017				13,438				(2,131	)			(15.9	)%
Securitization debt		24,664				25,202					1,178				26,380				(1,716	)			(6.5	)%
Total interest expense		35,971				37,623					2,195				39,818				(3,847	)			(9.7	)%
Net interest income		93,763				90,111					5,059				95,170				(1,407	)			(1.5	)%
Realized and unrealized losses, net of recoveries		56,127				75,123					7,647				82,770				(26,643	)			(32.2	)%
Net interest income (loss) after losses and recoveries		37,636				14,988					(2,588	)			12,400				25,236				203.5	%
Noninterest income:
Servicing income		2,986				3,601					192				3,793				(807	)			(21.3	)%
Warranties and GAP income, net		9,074				10,099					390				10,489				(1,415	)			(13.5	)%
Other income		6,952				6,096					66				6,162				790				12.8	%
Total noninterest income		19,012				19,796					648				20,444				(1,432	)			(7.0	)%
Expenses:
Compensation and benefits		48,324				45,209					2,398				47,607				717				1.5	%
Professional fees		5,879				5,328					172				5,500				379				6.9	%
Software and IT costs		9,355				7,276					367				7,643				1,712				22.4	%
Depreciation and amortization		4,087				1,994					817				2,811				1,276				45.4	%
Interest expense on corporate debt		1,512				1,842					85				1,927				(415	)			(21.6	)%
Impairment charges		—				3,479					—				3,479				(3,479	)			(100.0	)%
Other expenses		5,826				5,558					262				5,820				6				0.1	%
Total expenses		74,983				70,686					4,101				74,787				196				0.3	%
Provision for income taxes from continuing operations		—				39					—				39				(39	)			(100.0	)%
Preferred stock dividends attributable to noncontrolling interests of subsidiary		(1,958	)			—					—				—				(1,958	)			100.0	%
Adjusted net loss	$	(16,309	)		$	(29,913	)			$	(5,910	)		$	(35,823	)		$	19,514				54.5	%
Stock compensation expense	$	3,485			$	2,521				$	127			$	2,648			$	837				31.6	%
Severance	$	499			$	28				$	4			$	32			$	467				1,459.4	%

CarStory

	Three Months Ended September 30,
	2026				2025				Change				% Change
	(in thousands)
Noninterest income:
CarStory revenue	$	1,261			$	1,347			$	(86	)			(6.4	)%
Other income		37				35				2				5.7	%
Total noninterest income		1,298				1,382				(84	)			(6.1	)%
Expenses:
Compensation and benefits		1,130				1,378				(248	)			(18.0	)%
Professional fees		72				(108	)			180				166.7	%
Software and IT costs		1				(4	)			5				125.0	%
Depreciation and amortization		98				111				(13	)			(11.7	)%
Other expenses		90				100				(10	)			(10.0	)%
Total expenses		1,391				1,477				(86	)			(5.8	)%
Provision for income taxes from continuing operations		24				24				—				0.0	%
Adjusted net loss	$	(87	)		$	(72	)		$	(15	)			20.8	%
Stock compensation expense	$	30			$	47			$	(17	)			(36.2	)%
Severance	$	—			$	—			$	—				0.0	%

	Successor									Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
	Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,				Nine months ended September 30,
	2026				2025					2025				2025				Change				% Change
	(in thousands)
Noninterest income:
CarStory revenue	$	3,891			$	5,585				$	432			$	6,017			$	(2,126	)			(35.3	)%
Other income		108				132					13				145				(37	)			(25.5	)%
Total noninterest income		3,999				5,717					445				6,162				(2,163	)			(35.1	)%
Expenses:
Compensation and benefits		3,639				4,319					326				4,645				(1,006	)			(21.7	)%
Professional fees		166				(175	)				13				(162	)			328				202.5	%
Software and IT costs		5				(1	)				2				1				4				400.0	%
Depreciation and amortization		304				321					240				561				(257	)			(45.8	)%
Other expenses		285				374					20				394				(109	)			(27.7	)%
Total expenses		4,399				4,838					601				5,439				(1,040	)			(19.1	)%
Provision for income taxes from continuing operations		81				73					5				78				3				3.8	%
Adjusted net (loss) income	$	(373	)		$	890				$	(153	)		$	737			$	(1,110	)			(150.6	)%
Stock compensation expense	$	77			$	81				$	8			$	89			$	(12	)			(13.5	)%
Severance	$	31			$	—				$	—			$	—			$	31				100.0	%

Corporate

	Three Months Ended September 30,
	2026				2025				Change				% Change
	(in thousands)
Realized and unrealized losses, net of recoveries	$	(143	)		$	(348	)		$	205				58.9	%
Net interest income after losses and recoveries		143				348				(205	)			(58.9	)%
Noninterest income (loss):
Warranties and GAP income (loss), net		(428	)			297				(725	)			(244.1	)%
Other income		—				2,006				(2,006	)			(100.0	)%
Total noninterest income (loss)		(428	)			2,303				(2,731	)			(118.6	)%
Expenses:
Compensation and benefits		826				837				(11	)			(1.3	)%
Professional fees		883				820				63				7.7	%
Software and IT costs		100				564				(464	)			(82.3	)%
Interest expense on corporate debt		578				42				536				1,276.2	%
Other expenses		352				394				(42	)			(10.7	)%
Total expenses		2,739				2,657				82				3.1	%
(Benefit) provision for income taxes from continuing operations		—				120				(120	)			(100.0	)%

	Successor									Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
	Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,				Nine months ended September 30,
	2026				2025					2025				2025				Change				% Change
	(in thousands)
Interest income (expense)	$	—			$	—				$	(71	)		$	(71	)		$	71				100.0	%
Realized and unrealized losses (gains), net of recoveries		(377	)			(1,321	)				(855	)			(2,176	)			1,799				82.7	%
Net interest income after losses and recoveries		377				1,321					784				2,105				(1,728	)			(82.1	)%
Noninterest (loss) income:
Warranties and GAP income (loss), net		(419	)			777					(83	)			694				(1,113	)			(160.4	)%
Other income		—				2,244					34				2,278				(2,278	)			(100.0	)%
Total noninterest (loss) income		(419	)			3,021					(49	)			2,972				(3,391	)			(114.1	)%
Expenses:
Compensation and benefits		3,125				3,917					99				4,016				(891	)			(22.2	)%
Professional fees		2,940				3,745					112				3,857				(917	)			(23.8	)%
Software and IT costs		357				1,609					88				1,697				(1,340	)			(79.0	)%
Interest expense on corporate debt		1,806				42					91				133				1,673				1,257.7	%
Impairment charges		—				677					—				677				(677	)			(100.0	)%
Other expenses		1,119				1,501					89				1,590				(471	)			(29.6	)%
Total expenses		9,347				11,491					479				11,970				(2,623	)			(21.9	)%
Provision for income taxes from continuing operations		111				241					—				241				(130	)			(53.9	)%

Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we believe Adjusted net income (loss) is useful in evaluating our operating performance, total available liquidity is useful in evaluating our liquidity position, and tangible book value is useful in evaluating our capital position excluding intangible assets.

Adjusted net income (loss) is a supplemental performance measure that our management uses to assess our operating performance and the operating leverage in our business. Because Adjusted net income (loss) facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure for business planning purposes.

Tangible book value is calculated as stockholders' equity in accordance with GAAP, after subtracting intangible assets. A reconciliation of stockholders' equity to tangible book value is included above.

Total available liquidity represents unrestricted cash and cash equivalents, availability from warehouse credit facilities, and available liquidity from the delayed draw facility. A reconciliation of unrestricted cash and cash equivalents to total available liquidity is included above.

These non-GAAP measures have limitations as analytical tools because they do not reflect all of the amounts associated with our results of operations or liquidity as determined in accordance with GAAP. Additionally, they may not be comparable to similarly titled measures of other companies. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting the usefulness of those measures for those comparative purposes. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. We have reconciled these non-GAAP financial measures with the most directly comparable GAAP financial measures elsewhere herein.

Non-GAAP Combined Nine Months Ended September 30, 2025

Our financial results for the periods from January 1, 2025 through January 14, 2025 are referred to as those of the “Predecessor” periods. Our financial results for the periods from January 15, 2025 and thereafter are referred to as those of the “Successor” periods. Our results of operations as reported in our Consolidated Financial Statements for these periods are prepared in accordance with GAAP. Although GAAP requires that we report our results for the period from January 1, 2025 through January 14, 2025 and the period from January 15, 2025 through September 30, 2025, separately, management views our operating results for the nine months ended September 30, 2025 by combining the results of the applicable Predecessor and Successor periods because such presentation provides the most meaningful comparison of our results to prior periods. We believe we cannot adequately benchmark the operating results of the period from January 15, 2025 through September 30, 2025 against any of the previous or future periods reported in our Consolidated Financial Statements without combining it with the period from January 1, 2025 through January 14, 2025 and we do not believe that reviewing the results of this period in isolation would be useful in identifying trends in or reaching conclusions regarding our overall operating performance. Management believes that the key performance metrics for the Successor period when combined with the Predecessor period provide more meaningful comparisons to other periods and are useful in identifying current business trends. Accordingly, in addition to presenting our results of operations as reported in our Consolidated Financial Statements in accordance with GAAP, the tables and discussion below also present the combined results for the nine months ended September 30, 2025. The combined results for the nine months ended September 30, 2025 represent the sum of the reported amounts for the Predecessor period from January 1, 2025 through January 14, 2025 and the Successor period from January 15, 2025 through September 30, 2025. These combined results are not considered to be prepared in accordance with GAAP and have not been prepared as pro forma results per applicable regulations. The combined operating results do not reflect the actual results we would have achieved absent our emergence from the Prepackaged Chapter 11 Case and are not necessarily indicative of future results. Accordingly, the results for the combined nine months ended September 30, 2026 (prepared on a GAAP basis) and nine months ended September 30, 2025 (prepared on a Non-GAAP basis) may not be comparable, particularly for statement of operations line items significantly impacted by the reorganization transactions and the impact of fresh start accounting.

Adjusted net income (loss)

We calculate Adjusted net income (loss) as net income (loss) from continuing operations less preferred stock dividends attributable to noncontrolling interests of subsidiary, adjusted for stock compensation expense, severance expense, bankruptcy costs (which represent professional fees incurred related to the bankruptcy prior to filing of the petition and post-emergence), reorganization items, net (which relate to certain charges incurred during the bankruptcy proceedings, such as legal and professional fees incurred directly as a result of the bankruptcy proceeding, the write-off of deferred financing costs and discount on debt subject to compromise and other related charges), operating lease right-of-use assets impairment and long-lived asset impairment charges.

The following table presents a reconciliation of Adjusted net income (loss) to net income (loss) from continuing operations, which is the most directly comparable GAAP measure (in thousands):

		Three Months Ended September 30,
		2026				2025
Net loss from continuing operations		$	(9,825	)		$	(27,142	)
Preferred stock dividends attributable to noncontrolling interests of subsidiary			(696	)			—
Adjusted to exclude the following:
Stock compensation expense			1,513				1,444
Severance expense			341				—
Adjusted net income (loss)		$	(8,667	)		$	(25,698	)

		Successor									Predecessor				Non-GAAP Combined
		Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,				Nine months ended September 30,
		2026				2025					2025				2025
						(in thousands)
Net (loss) income from continuing operations		$	(28,316	)		$	(42,525	)			$	45,090			$	2,565
Preferred stock dividends attributable to noncontrolling interests of subsidiary			(1,958	)			—					—				—
Adjusted to exclude the following:
Stock compensation expense			4,375				3,771					144				3,915
Severance expense			536				388					4				392
Bankruptcy costs (prepetition filing and post-emergence)			—				913					—				913
Reorganization items, net			—				—					(51,036	)			(51,036	)
Impairment charges			—				4,156					—				4,156
Adjusted net loss		$	(25,363	)		$	(33,297	)			$	(5,798	)		$	(39,095	)

		Successor				Successor				Successor				Successor				Successor				Successor				Successor					Predecessor				Non-GAAP Combined				Predecessor
		Period from July 1 through September 30,				Period from April 1 through June 30,				Period from January 1 through March 31,				Period from October 1 through December 31,				Period from July 1 through September 30,				Period from April 1 through June 30,				Period from January 15 through March 31,					Period from January 1 through January 14,				Three Months Ended March 31,				Three Months Ended December 31,
		2026				2026				2026				2025				2025				2025				2025					2025				2025				2024
Net income (loss) from continuing operations		$	(9,825	)		$	555			$	(19,046	)		$	(11,521	)		$	(27,142	)		$	(8,932	)		$	(6,450	)			$	45,090			$	38,640			$	(36,716	)
Preferred stock dividends attributable to noncontrolling interests of subsidiary			(696	)			(691	)			(571	)			-				-				-				-					-				-				-
Stock compensation expense			1,513				1,435				1,427				1,410				1,444				1,836				491					144				635				935
Severance expense			341				195				-				-				-				367				21					4				25				287
Bankruptcy costs (prepetition filing and post-emergence)			-				-				-				-				-				-				913					-				913				3,582
Reorganization items, net			-				-				-				-				-				-				-					(51,036	)			(51,036	)			5,564
Gain on extinguishment of debt			-				-				-				-				-				-				-					-				-				-
Impairment charges			-				-				-				-				-				-				4,156					-				4,156				-
Adjusted net income (loss)			(8,667	)			1,494				(18,190	)			(10,111	)			(25,698	)			(6,729	)			(869	)				(5,798	)			(6,667	)			(26,348	)

Financial Outlook

For the full year 2026 we expect the following updated guidance:

Indirect origination volume⁽⁶⁾: $460 - $485 million
Adjusted net income (loss)⁽³⁾⁽⁵⁾: ($30) - ($35) million

(6) Represents retail installment sale contracts originated through third-party dealers.

The foregoing estimates are forward-looking statements that reflect the Company’s expectations as of November 10, 2026 and are subject to substantial uncertainty. See “Forward-Looking Statements” below.

About Vroom (Nasdaq: VRM)

Vroom owns and operates United Auto Credit Corporation (UACC), a leading indirect automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. Prior to January 2024, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom discontinued its ecommerce operations and used vehicle dealership business.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our financial outlook for the full year 2026, including expected indirect origination volume and adjusted net income (loss) guidance, expected credit performance and realized and unrealized losses, lifetime loss expectations, expected benefits of our rebuilt internal customer scoring model, anticipated performance of recently underwritten loan vintages, the restructuring, including its impact and intended benefits, our strategic initiatives and long-term strategy, future expense management, planned technology investments, including in our technology platform and dealer portal, future results of operations and financial position, our total available liquidity, our liquidity position and the timing of any of the foregoing. These statements are based on management’s current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties identified under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, as updated by our Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, which are available on our Investor Relations website at ir.vroom.com and on the SEC website at www.sec.gov. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances except as required by applicable law.

Investor Relations:

Vroom
Jon Sandison
investors@vroom.com

VROOM, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts)
		As of September 30,				As of December 31,
		2026				2025
ASSETS
Cash and cash equivalents		$	32,981			$	10,384
Restricted cash (including restricted cash of consolidated VIEs of $58.4 million and $55.8 million, respectively)			58,443				55,914
Finance receivables at fair value (including finance receivables of consolidated VIEs of $779.9 million and $777.0 million, respectively)			802,996				808,636
Interest receivable (including interest receivables of consolidated VIEs of $11.3 million and $12.4 million, respectively)			11,576				12,834
Property and equipment, net			7,873				6,744
Intangible assets, net			10,944				12,370
Operating lease right-of-use assets			4,973				5,792
Other assets (including other assets of consolidated VIEs of $8.9 million and $9.8 million, respectively)			22,473				24,665
Assets from discontinued operations			—				46
Total assets		$	952,259			$	937,385
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT)
Warehouse credit facilities of consolidated VIEs		$	304,062			$	318,655
Related party line of credit (Note 19)			—				18,500
Long-term debt (including securitization debt of consolidated VIEs of $393.2 million and $393.2 million, respectively)			414,966				423,197
Related party note (Note 19)			50,000				10,000
Operating lease liabilities			8,139				9,142
Other liabilities (including other liabilities of consolidated VIEs of $15.7 million and $15.7 million, respectively)			43,178				41,149
Liabilities from discontinued operations			142				124
Total liabilities			820,487				820,767
Commitments and contingencies (Note 12)
Mezzanine equity:
Preferred units, no par value, 15,000 series A units, 7,500 series B units, 16,000 series A1 units, 4,000 series B1 units authorized and issued to noncontrolling interests of subsidiary (Note 13)			40,704				—
Stockholders’ equity:
Common stock, $0.001 par value; 250,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; 5,274,798 and 5,199,641 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively			5				5
Additional paid-in-capital			174,348				169,663
Accumulated deficit			(83,285	)			(53,050	)
Total stockholders’ equity			91,068				116,618
Total liabilities, mezzanine equity and stockholders’ equity		$	952,259			$	937,385

VROOM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share amounts) (unaudited)
		Three Months Ended September 30,
		2026				2025
Interest income		$	43,653			$	44,829
Interest expense:
Warehouse credit facility			4,472				4,544
Securitization debt			7,458				8,771
Total interest expense			11,930				13,315
Net interest income			31,723				31,514
Realized and unrealized losses, net of recoveries			20,404				43,202
Net interest income after losses and recoveries			11,319				(11,688	)
Noninterest income:
Servicing income			922				1,088
Warranties and GAP income, net			2,678				3,152
CarStory revenue			1,261				1,347
Other income			1,863				3,924
Total noninterest income			6,724				9,511
Expenses:
Compensation and benefits			17,191				16,287
Professional fees			2,481				1,538
Software and IT costs			3,312				3,062
Depreciation and amortization			1,569				998
Interest expense on corporate debt			1,043				706
Other expenses			2,248				2,230
Total expenses			27,844				24,821
Loss from continuing operations before provision for income taxes			(9,801	)			(26,998	)
(Benefit) provision for income taxes from continuing operations			24				144
Net loss from continuing operations		$	(9,825	)		$	(27,142	)
Net (loss) income from discontinued operations		$	(22	)		$	366
Net loss		$	(9,847	)		$	(26,776	)
Preferred stock dividends attributable to noncontrolling interests of subsidiary		$	(696	)		$	—
Net loss attributable to controlling interest and common shareholders		$	(10,543	)		$	(26,776	)
Net loss per share attributable to common stockholders, continuing operations, basic and diluted		$	(2.01	)		$	(5.22	)
Net (loss) income per share attributable to common stockholders, discontinued operations, basic and diluted		$	(0.00	)		$	0.07
Total net loss per share attributable to common stockholders, basic and diluted		$	(2.01	)		$	(5.15	)
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic and diluted			5,243,437				5,199,581

	Successor									Predecessor
	Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,
	2026				2025					2025
Interest income	$	129,734			$	127,734				$	7,183
Interest expense:
Warehouse credit facility		11,307				12,421					1,017
Securitization debt		24,664				25,202					1,178
Total interest expense		35,971				37,623					2,195
Net interest income		93,763				90,111					4,988
Realized and unrealized losses, net of recoveries		55,750				73,802					6,792
Net interest income (loss) after losses and recoveries		38,013				16,309					(1,804	)
Noninterest income:
Servicing income		2,986				3,601					192
Warranties and GAP income, net		8,655				10,876					307
CarStory revenue		3,891				5,585					432
Other income		7,060				8,472					113
Total noninterest income		22,592				28,534					1,044
Expenses:
Compensation and benefits		55,088				53,445					2,823
Professional fees		8,985				8,898					297
Software and IT costs		9,717				8,884					457
Depreciation and amortization		4,391				2,315					1,057
Interest expense on corporate debt		3,318				1,884					176
Impairment charges		—				4,156					—
Other expenses		7,230				7,433					371
Total expenses		88,729				87,015					5,181
Loss from continuing operations before reorganization items and provision for income taxes		(28,124	)			(42,172	)				(5,941	)
Reorganization items, net		—				—					51,036
(Loss) income from continuing operations before provision for income taxes		(28,124	)			(42,172	)				45,095
Provision for income taxes from continuing operations		192				353					5
Net (loss) income from continuing operations	$	(28,316	)		$	(42,525	)			$	45,090
Net income (loss) from discontinued operations		39				878					(4	)
Net (loss) income	$	(28,277	)		$	(41,647	)			$	45,086
Preferred stock dividends attributable to noncontrolling interests of subsidiary	$	(1,958	)		$	—				$	—
Net (loss) income attributable to controlling interest and common shareholders	$	(30,235	)		$	(41,647	)			$	45,086

VROOM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (continued) (in thousands, except share and per share amounts) (unaudited)
	Successor									Predecessor
	Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,
	2026				2025					2025
Net (loss) income per share attributable to common stockholders, basic:
Continuing operations		(5.80	)			(8.21	)				24.74
Discontinued operations		0.01				0.17					(0.00	)
Basic	$	(5.79	)		$	(8.04	)			$	24.74
Net (loss) income per share attributable to common stockholders, diluted:
Continuing operations		(5.80	)			(8.21	)				23.89
Discontinued operations		0.01				0.17					(0.00	)
Diluted	$	(5.79	)		$	(8.04	)			$	23.89
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders:
Basic		5,217,768				5,179,023					1,822,541
Diluted		5,217,768				5,179,023					1,887,370

VROOM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)
		Successor									Predecessor
		Nine months ended September 30,				Period from January 15 through September 30,					Period from January 1 through January 14,
		2026				2025					2025
Operating activities
Net (loss) income from continuing operations		$	(28,316	)		$	(42,525	)			$	45,090
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Impairment charges			—				4,156					—
Depreciation and amortization			4,391				2,315					1,057
Losses on finance receivables and securitization debt, net			64,918				85,752					4,762
Losses on Warranties and GAP			4,924				5,416					407
Stock-based compensation expense			4,375				3,771					144
Amortization of unearned discounts on finance receivables at fair value			—				—					(416	)
Non-cash reorganization items, net			—				—					(51,741	)
Other, net			366				(1,227	)				193
Changes in operating assets and liabilities:
Finance receivables, held for sale
Originations of finance receivables, held for sale			—				—					(14,337	)
Principal payments received on finance receivables, held for sale			—				—					6,481
Other			—				—					169
Interest receivable			1,258				1,406					(164	)
Other assets			3,690				1,336					5,178
Other liabilities			2,487				(4,046	)				(2,627	)
Net cash provided by (used in) operating activities from continuing operations			58,093				56,354					(5,804	)
Net cash provided by (used in) operating activities from discontinued operations			103				(2,446	)				(207	)
Net cash provided by (used in) operating activities			58,196				53,908					(6,011	)
Investing activities
Finance receivables, held for investment at fair value
Originations of finance receivables, held for investment at fair value			(331,415	)			(319,736	)				—
Principal payments received on finance receivables, held for investment at fair value			253,264				239,198					2,985
Principal payments received on beneficial interests			540				1,135					147
Purchase of property and equipment			(4,094	)			(5,394	)				(151	)
Net cash (used in) provided by investing activities from continuing operations			(81,705	)			(84,797	)				2,981
Net cash provided by investing activities from discontinued operations			—				637					—
Net cash (used in) provided by investing activities			(81,705	)			(84,160	)				2,981
Financing activities
Proceeds from borrowings under secured financing agreements			225,000				307,780					—
Principal repayment under secured financing agreements			(214,230	)			(191,617	)				(16,676	)
Proceeds from financing of beneficial interests in securitizations			—				16,223					—
Principal repayments of financing of beneficial interests in securitizations			(8,107	)			(10,335	)				(1,028	)
Proceeds from warehouse credit facilities			266,600				256,000					11,900
Repayments of warehouse credit facilities			(281,193	)			(349,945	)				(8,094	)
Proceeds from preferred units issued to noncontrolling interests of subsidiary, net of issuance costs			40,704				—					—
Cash paid for preferred stock dividends attributable to noncontrolling interests of subsidiary			(1,374	)			—					—
Proceeds from issuance of related party note			21,500				10,000					—
Other financing activities			(265	)			(1,857	)				—
Net cash provided by (used in) financing activities			48,635				36,249					(13,898	)
Net increase (decrease) in cash, cash equivalents and restricted cash			25,126				5,997					(16,928	)
Cash, cash equivalents and restricted cash at the beginning of period			66,298				61,441					78,369
Cash, cash equivalents and restricted cash at the end of period		$	91,424			$	67,438				$	61,441

VROOM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) (in thousands) (unaudited)
Supplemental disclosure of cash flow information:
Cash paid for interest		$	37,614			$	35,078				$	4,534
Cash paid for reorganization items, net		$	—			$	—				$	1,705
Accrued and unpaid preferred stock dividends attributable to noncontrolling interests of subsidiary		$	584			$	—				$	—
Exchange of outstanding debt for 2032 Notes		$	28,500			$	—				$	—
Cash paid for income taxes, net of (refunds)		$	(330	)		$	—				$	—

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Vroom's third-quarter 2026 earnings results?

Vroom reported a $9.8 million net loss and an $8.7 million adjusted net loss for the third quarter of 2026. Net loss attributable to controlling interest and common shareholders was $10.5 million. Net loss improved $16.9 million year over year but increased $10.4 million from the preceding quarter.

What is Vroom's updated full-year 2026 guidance?

Vroom's updated full-year 2026 guidance is $460 million to $485 million in indirect origination volume and an adjusted net loss of $30 million to $35 million. The company updated the outlook to reflect third-quarter results.

What makes up Vroom's available liquidity at September 30, 2026?

Vroom's $64.2 million available liquidity comprised $33.0 million in cash and cash equivalents, $4.2 million available to UACC under warehouse credit facilities, and $27.0 million available from a delayed draw facility. Total available liquidity is a non-GAAP measure and includes borrowing availability, not just cash.

Why are Vroom's nine-month 2026 and 2025 results not directly comparable?

Fresh-start accounting following Vroom's January 14, 2025 emergence from Chapter 11 changed the recorded values of assets and liabilities. The combined nine-month 2025 results add predecessor and successor periods and are non-GAAP. Those combined figures may not be comparable with nine-month 2026 GAAP results, particularly where reorganization and fresh-start accounting affected individual items.