Vroom, Inc. Earnings Per Share Disclosure
19. Net Loss Per Share
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders:
|
|
Successor |
|
|
|
Predecessor |
|
||||||
|
|
Period from January 15 through December 31, |
|
|
|
Period from January 1 through January 14, |
|
|
Year Ended |
|
|||
(in thousands, except share and per share amounts) |
|
2025 |
|
|
|
2025 |
|
|
2024 |
|
|||
Net (loss) income from continuing operations |
|
$ |
(54,046 |
) |
|
|
$ |
45,090 |
|
|
$ |
(138,240 |
) |
Net income (loss) from discontinued operations |
|
$ |
996 |
|
|
|
$ |
(4 |
) |
|
$ |
(26,884 |
) |
Net (loss) income |
|
$ |
(53,050 |
) |
|
|
$ |
45,086 |
|
|
$ |
(165,124 |
) |
Net (loss) income per share attributable to common stockholders, basic: |
|
|
|
|
|
|
|
|
|
|
|||
Continuing operations |
|
|
(10.43 |
) |
|
|
|
24.74 |
|
|
|
(76.24 |
) |
Discontinued operations |
|
|
0.19 |
|
|
|
|
(0.00 |
) |
|
|
(14.83 |
) |
Basic |
|
$ |
(10.24 |
) |
|
|
$ |
24.74 |
|
|
$ |
(91.07 |
) |
Net (loss) income per share attributable to common stockholders, diluted: |
|
|
|
|
|
|
|
|
|
|
|||
Continuing operations |
|
|
(10.43 |
) |
|
|
|
23.89 |
|
|
|
(76.24 |
) |
Discontinued operations |
|
|
0.19 |
|
|
|
|
(0.00 |
) |
|
|
(14.83 |
) |
Diluted |
|
$ |
(10.24 |
) |
|
|
$ |
23.89 |
|
|
$ |
(91.07 |
) |
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|
|||
Basic |
|
|
5,184,175 |
|
|
|
|
1,822,541 |
|
|
|
1,813,168 |
|
Diluted |
|
|
5,184,175 |
|
|
|
|
1,887,370 |
|
|
|
1,813,168 |
|
The following potentially dilutive shares were not included in the calculation of diluted shares outstanding for the periods presented as the effect would have been anti-dilutive:
|
|
Successor |
|
|
|
Predecessor |
|
||||||
|
|
As of December 31, |
|
|
|
As of January 14, |
|
|
As of December 31, |
|
|||
|
|
2025 |
|
|
|
2025 |
|
|
2024 |
|
|||
Convertible notes |
|
|
285,714 |
|
|
|
|
— |
|
|
|
64,829 |
|
Stock options |
|
|
328,233 |
|
|
|
|
23,214 |
|
|
|
23,214 |
|
Restricted stock units |
|
|
703,464 |
|
|
|
|
131,422 |
|
|
|
131,450 |
|
Total |
|
|
1,317,411 |
|
|
|
|
154,636 |
|
|
|
219,493 |
|
The following table sets forth a reconciliation from basic to diluted weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders:
|
|
Predecessor |
|
|
|
|
Period from January 1 through January 14, |
|
|
|
|
2025 |
|
|
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders: |
|
|
|
|
Basic |
|
|
1,822,541 |
|
Convertible 2026 Notes |
|
|
64,829 |
|
Diluted |
|
|
1,887,370 |
|
Potentially dilutive common shares assumed conversion of debt using the if-converted method.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 26, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
| 2023 | Mar 13, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.