Vroom, Inc.

Listed Company

VRMWWCIK 0001580864OTCNon-AcceleratedSmaller ReportingRetail-Auto Dealers & Gasoline StationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-53.05M

Total Assets

$937.38M

Equity

$116.62M

Shares Out

5.21M

Op. Cash Flow

$75.15M

Business

Vroom, Inc. is a holding company that operates automotive finance and automotive data businesses through its subsidiaries. It offers vehicle financing to consumers via third‑party dealers under the United Auto Credit Corporation (UACC) brand and provides AI‑powered analytics, pricing and digital services through CarStory. The company’s key business segments are UACC (indirect automotive lending, servicing and securitizations) and CarStory (vehicle valuation, market analytics and digital consumer experiences). Its products and services are distributed through a nationwide network of dealer partners, digital platforms and institutional securitization channels.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest income	172	202	178	—	—
Warehouse credit facility	18	29	20	—	—
Securitization debt	33	30	22	—	—
Total interest expense	51	59	42	—	—
Net interest income	121	142	137	—	—
Realized and unrealized losses, net of recoveries	97	120	123	—	—
Net interest income (loss) after losses and recoveries	24	23	14	—	—
Servicing income	5	7	10	—	—
Warranties and GAP income (loss), net	14	−3	6	—	—
CarStory revenue	7	12	12	—	—
Other income	10	11	9	—	—
Total noninterest income	36	26	75	—	—
Compensation and benefits	70	97	87	—	—
Professional fees	12	12	15	—	—
Software and IT costs	12	15	20	—	—
Depreciation and amortization	3	29	29	38	13
Interest expense on corporate debt	3	6	6	—	—
Impairment charges	4	5	49	212	—
Other expenses	10	16	18	—	—
Total expenses	114	181	174	—	—
Loss from continuing operations before reorganization items and provision for income taxes	−54	−132	−84	—	—
Reorganization items, net	—	−6	—	—	—
(Loss) income from continuing operations before provision for income taxes	−54	−137	−84	−472	−370
Provision for income taxes from continuing operations	294,000	856,000	642,000	−20	754,000
Net income (loss) from continuing operations	−54	−138	−85	—	—
Net income (loss) from discontinued operations	996,000	−27	−280	—	—
Net (loss) income	−53	−165	−365	−452	−371
Net (loss) income per share attributable to common stockholders, continuing operations, basic	−10.43	−76.24	−48.82	—	—
Net (loss) income per share attributable to common stockholders, Discontinued operations, basic	0.19	−14.83	−160.35	—	—
Net (loss) income per share attributable to common stockholders, basic	−10.24	−91.07	−209.17	−262.15	−2.72
Net (loss) income per share attributable to common stockholders, continuing operations, diluted	−10.43	−76.24	−48.82	—	—
Net (loss) income per share attributable to common stockholders, Discontinued operations, diluted	0.19	−14.83	−160.35	—	—
Net (loss) income per share attributable to common stockholders, diluted	−10.24	−91.07	−209.17	−262.15	−2.72
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders, basic	5	2	2	2	136
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders, diluted	5	2	2	2	136

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-02-29	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	10	35	94	136	399
Restricted cash (including restricted cash of consolidated VIEs of $55.8 million and $48.1 million, respectively)	56	26	—	73	—
Finance receivables at fair value (including finance receivables of consolidated VIEs of $777.0 million and $467.3 million, respectively)	809	825	—	349	—
Finance receivables held for sale, net (including finance receivables of consolidated VIEs of $0.0 million and $310.0 million, respectively)	—	318	—	504	322
Interest receivable (including interest receivables of consolidated VIEs of $12.4 million and $13.3 million, respectively)	13	14	—	14	—
Property and equipment, net	7	1	—	5	50
Intangible assets, net	12	14	—	132	159
Operating lease right-of-use assets	6	11	—	7	24
Other assets (including other assets of consolidated VIEs of $9.8 million and $10.8 million, respectively)	25	28	—	59	—
Assets from discontinued operations	46,000	758,000	—	197	—
Total assets	937	956	—	1,475	1,619
Warehouse credit facilities of consolidated VIEs	319	364	—	421	—
Related party line of credit (Note 20)	19	—	—	—	—
Long-term debt (including securitization debt of consolidated VIEs of $393.2 million at fair value as of December 31, 2025 and $210.7 million at amortized cost, and $142.6 million at fair value as of December 31,2024)	423	366	—	627	—
Related party note (Note 20)	10	—	—	—	—
Operating lease liabilities	9	11	—	10	—
Other liabilities (including other liabilities of consolidated VIEs of $15.7 million and $13.8 million, respectively)	41	47	—	61	—
Liabilities subject to compromise (Note 6)	—	292	—	—	—
Liabilities from discontinued operations	124,000	4	—	228	—
Total liabilities	821	791	—	1,348	1,144
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $0.001 par value; 250,000,000 shares authorized as of December 31, 2025 and 500,000,000 shares authorized as of December 31, 2024; 5,199,641 and 1,822,532 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	5,000	162	—	2,000	2,000
Additional paid-in-capital	170	162	—	2,088	2,076
Accumulated deficit	−53	−2,126	—	−1,961	−1,601
Total stockholders' equity (deficit)	117	165	—	128	480
Total liabilities and stockholders' equity (deficit)	937	956	—	1,475	1,619

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net (loss) income from continuing operations	−54	−138	−85	−452	−371
Profit share receivable	−554,000	12	—	—	—
Depreciation and amortization	3	29	29	39	13
Amortization of debt issuance costs	—	4	3	5	3
Losses on finance receivables and securitization debt, net	108	130	100	67	—
Losses on Warranties and GAP	7	8	7	—	—
Stock-based compensation expense	5	6	7	12	13
Provision to record finance receivables held for sale at lower of cost or fair value	—	−5	21	7	—
Amortization of unearned discounts on finance receivables at fair value	—	−16	−26	−15	—
Non-cash reorganization items, net	—	2	—	—	—
Other, net	−909,000	−5	−17	−8	203,000
Originations of finance receivables, held for sale	—	−404	−582	−626	—
Principal payments received on finance receivables, held for sale	—	187	106	65	—
Other	—	2	−2	−8	—
Interest receivable	1	417,000	−7	—	—
Other assets	7	15	12	−3	−9
Other liabilities	−4	−8	−10	−38	29
Net cash provided by (used in) operating activities from continuing operations	78	−176	−482	—	—
Net cash (used in) provided by operating activities from discontinued operations	−2	79	−52	—	—
Net cash provided by (used in) operating activities	75	−97	−534	−109	−569
Purchases of finance receivables, held for investment at fair value	−420	—	−3	−56	—
Principal payments received on finance receivables, held for investment at fair value	317	116	175	—	—
Principal payments received on beneficial interests	1	2	5	—	—
Purchase of property and equipment	−7	−3	−3	−24	−28
Net cash (used in) provided by investing activities from continuing operations	−109	115	185	—	—
Net cash provided by investing activities from discontinued operations	637,000	18	−12	—	—
Net cash (used in) provided by investing activities	−108	133	173	−164	−104
Proceeds from borrowings under secured financing agreements	308	296	262	—	—
Principal repayment under secured financing agreements	−254	−252	−208	−193	—
Proceeds from financing of beneficial interests in securitizations	16	16	25	—	—
Principal repayments of financing of beneficial interests in securitizations	−14	−13	−9	—	—
Proceeds from warehouse credit facilities	334	319	480	521	—
Repayments of warehouse credit facilities	−379	−380	−290	−467	—
Proceeds from issuance of related party note	10	—	—	—	—
Proceeds from related party line of credit	19	—	—	—	—
Other financing activities	−2	−364,000	−2	−4	−495,000
Net cash provided by (used in) financing activities from continuing operations	38	−15	223	—	—
Net cash used in financing activities from discontinued operations	—	−151	−126	—	—
Net cash provided by (used in) financing activities	38	−166	97	−469	798
Net increase (decrease) in cash, cash equivalents and restricted cash	5	−130	−263	−743	125
Cash paid for interest	49	58	40	35	16
Cash paid for reorganization items, net	—	3	—	—	—
Cash paid for income taxes	−137,000	−1	5	2	403,000

Filings

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