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Sep 30, 2022
Vroom Q3 2022 Earnings Report
Vroom's Q3 2022 financial results were announced, revealing an ecommerce gross profit per unit of $4,206 and progress on long-term roadmap.
Key Takeaways
Vroom, Inc. reported financial results for the third quarter ended September 30, 2022. The company achieved an ecommerce gross profit per unit of $4,206, a decrease in SG&A expenses of $18.3 million, and an improvement in net loss from $(115.1) million to $(51.1) million.
Ecommerce gross profit per unit increased to $4,206, up 16% from the previous quarter.
SG&A expenses decreased by $18.3 million compared to the previous quarter.
Net loss improved from $(115.1) million to $(51.1) million compared to the previous quarter.
Adjusted EBITDA excluding non-recurring costs improved to $(57.5) million.
Vroom
Vroom
Vroom Revenue by Segment
Revenue by Segment
Ecommerce Revenue
CapyFin.comWholesale Revenue
CapyFin.com Forward Guidance
Based on the progress in Q3, Vroom is forecasting year-end cash liquidity near the midpoint of the previous guidance of $450 to $565 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income