Vroom Earnings Reports

Vroom Inc. reported its Q3 2024 financial results, highlighting a net loss from continuing operations of $(37.7) million. The company reached an agreement to restructure $290 million of unsecured convertible notes into equity through a prepackaged Chapter 11 case. The company is focused on maximizing the value of its remaining assets and executing its Long-Term Strategic Plan.

Vroom reported a net loss from continuing operations of $(19.1) million for Q2 2024. The company's cash and cash equivalents stood at $63.4 million as of June 30, 2024, with $34.0 million of liquidity available to UACC under the warehouse credit facilities. The company is focused on improving processes and technology, digitization and automation, and reducing costs across the business.

Vroom, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023. The company sold 4,780 Ecommerce units with an Ecommerce gross profit per unit (GPPU) of $4,742. The net loss for the quarter was $(141.3) million, and Adjusted EBITDA was $(91.6) million, including ~$27 million impact of aged inventory liquidations and inventory write-downs due to the discontinuance of ecommerce operations.

Vroom, Inc. reported financial results for the third quarter ended September 30, 2023. The company saw an 11% sequential increase in Ecommerce units, improved Ecommerce GPPU to $3,144, and reduced SG&A spend. However, Adjusted EBITDA declined sequentially due to headwinds in the loan portfolio performance at UACC.

Vroom reported a 5% sequential growth in Ecommerce units, marking the first quarter with such growth since introducing the Long-Term Roadmap in Q2 2022. Ecommerce GPPU increased to $2,954, and the company reduced its net loss to $(66.3) million. Adjusted EBITDA also improved to $(56.3) million. The company is focused on cost reductions and strengthening its balance sheet.

Vroom, Inc. reported a net income of $24.8 million for Q4 2022, a significant improvement compared to the net loss of $(51.1) million in the previous quarter. The company focused on cost reductions and improving operational efficiency during the quarter.

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.

Vroom, Inc. announced financial results for the second quarter ended June 30, 2022, featuring a record Ecommerce gross profit per unit of $3,629 and improvements in adjusted EBITDA and net loss.

Vroom reported a strong fourth quarter and full year 2021, delivering record ecommerce units. Q4 2021 ecommerce unit sales were up 93% year-over-year, and ecommerce revenue increased by 159% year-over-year.

Vroom reported a strong third quarter with triple digit year-over-year growth in ecommerce units and gross profit. The company sold 19,683 ecommerce units, a 123% increase year-over-year, and achieved ecommerce revenue of $701.7 million, up 216% year-over-year.

Vroom reported a strong second quarter with significant year-over-year growth in ecommerce unit sales, ecommerce revenue, and ecommerce gross profit. The company focused on scaling capacity and efficiency, particularly in logistics, and improving the customer experience to drive unit economics.

Vroom reported record first-quarter results with total gross profit nearly doubling compared to the same period last year. Ecommerce unit sales increased by 96% year-over-year, and ecommerce revenue rose by 81% to $422.3 million. The company completed the acquisition of the CarStory business during the quarter.

Vroom, Inc. announced financial results for the fourth quarter and fiscal year ended December 31, 2020. The company delivered record ecommerce units and gross profit. Quarterly and FY 2020 Ecommerce Unit Sales were up 74% and 82% YoY, respectively. Quarterly and FY 2020 Ecommerce Gross Profit was up 95% and 89% YoY, respectively.

Vroom reported strong Q3 2020 results, demonstrating resilience amidst the COVID-19 pandemic. The company saw significant growth in ecommerce unit sales and gross profit, driven by increased consumer demand, higher inventory levels, and increased marketing spend. Total revenue decreased slightly, but ecommerce revenue saw substantial growth.

Vroom, Inc. reported financial results for the second quarter ended June 30, 2020. The company saw an increase in Ecommerce units sold, reaching 6,713, and a revenue of $253.1 million. However, the company experienced a net loss of $(63.2) million, or $(2.00) per share.