Financial Data and Key Metrics Changes - The meeting confirmed the election of directors and the ratification of the independent auditor for the year ended December 31, 2025, indicating stable governance and oversight [10] - The advisory resolution on executive compensation was approved, reflecting shareholder support for management's compensation structure [10] Business Line Data and Key Metrics Changes - No specific financial data or metrics related to individual business lines were discussed during the meeting [12][13] Market Data and Key Metrics Changes - No specific market data or metrics were provided in the meeting [12][13] Company Strategy and Development Direction and Industry Competition - The meeting did not delve into specific strategic initiatives or competitive positioning within the industry [12][13] Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook during the meeting [12][13] Other Important Information - The meeting was conducted virtually, allowing stockholders to vote and submit questions through a web portal [5][12] - A quorum was confirmed, ensuring that the meeting was valid for conducting business [6] Q&A Session Summary - No questions were submitted during the Q&A session, leading to a prompt conclusion of the meeting [12][13]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39315 VROOM, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation o ...

Exhibit 99.1 Vroom Announces First Quarter 2025 Results Vroom Completes Recapitalization Positions the Company for Long-Term Growth NEW YORK – May 14, 2025 – Vroom, Inc. (Nasdaq:VRM) today announced financial results for the first quarter ended March 31, 2025. HIGHLIGHTS OF FIRST QUARTER 2025 Tom Shortt, Chief Executive Officer of Vroom, said, "In the first quarter of 2025, our net loss and Adjusted net loss decreased sequentially, as well as year over year, driven by continued progress in loan portfolio pe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or For the transition period from to Commission file number: 001-39315 VROOM, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 901112566 (State or Other Jurisdiction of Incorporation or Organization) 4700 Mercantile Dr. Fort Worth, TX 76137 (Address of principa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 19, 2025 N/A VROOM, INC. (Exact name of registrant as specified in its charter) Delaware 001-39315 90-1112566 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 4700 Mercantile Dr. Fort Worth, TX 76137 (Address o ...

以下文章来源于硅兔君 ，作者Amelie 硅兔君 . 50万创投人关注的硅谷科技风向标 退场大戏上演。 作者 | Amelie 来源 | 硅兔君 （ID：gh_1faae33d0655） 2024倒下的那些科技巨人 新年伊始，这个冬季的裁员潮还在继续。 根据独立裁员追踪机构Layoffs.f y i 的数据，继前两年大幅裁员后，2024年美国457家科技 公司裁员超过13万。特斯拉、亚马逊、谷歌、TikTok、Snap和微软等公司在 2024 年头几 个月进行了大规模裁员；规模较小的初创公司也经历了相当数量的裁员，有些甚至完全关闭了 业务。 同时，2024年美国申请破产的各大小公司接近700家，创近十四年内破产数量新高。 "失败乃成功之母"这句话，我们也许从小到大听过无数遍，但直面真正失败的时候，有多少人 能从中看到通往成功的那些隐喻？尤其是对于任何想要进入商业世界的人来说，了解创业失败 背后的数字和原因甚至比摸索赚钱商机更为重要。虽然有数据显示，90% 的初创公司都失败 了，但这并不意味着你将成为该统计数据的一部分。 2024年，北美的科技创业舞台上，一场接连不断的退场大戏正在上演，科技创业生态系统再 次经 ...

Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans to operate its business as a “debtor-in-possession” under the jurisdiction of the bankruptcy court.None of its subsidiaries are expected to commence Chapter 11 proceedings, Vroom said in the filing.The company said in a Tuesday (Nov. 12) press release that its subsidiaries include United Auto Credit Corp. (UACC) ...

In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a leading automotive finance company; and CarStory, a leader in AI-powered analytics and digital services for automotive retail. In January, Vroom officials announced a Value Maximization Plan, which discontinued the company's ...

Cynically, that's a huge positive for EVgo. It doesn't guarantee upside, to be clear. However, the narrative just got a heckuva lot more exciting. Lucid (LCID) Source: Jonathan Weiss / Shutterstock.com Interestingly, Lucid (NASDAQ:LCID) – a specialist in the premium vehicle segment – represented one of the beneficiaries among EV stocks. LCID stock gained almost 3% of equity value on Thursday. This performance followed a big jump during Wednesday's session. But why? Some point to the possibility that another ...

Financial Performance - The company experienced a net loss from continuing operations of $(44.7) million, representing an increase of 188.8% compared to the previous year[5]. - Net loss from continuing operations for Q1 2024 was $44,676 thousand, compared to a loss of $15,469 thousand in Q1 2023, representing an increase in loss of approximately 188%[14]. - The company reported a net loss of $67,617 thousand for Q1 2024, compared to a net loss of $74,741 thousand in Q1 2023, showing an improvement of about 10%[21]. - Adjusted EBITDA for Q1 2024 was $(32,152) thousand, compared to $(16,298) thousand in Q1 2023, indicating a deterioration of approximately 97%[14]. - Adjusted EBITDA for UACC was $(10.1) million, a decline of 127.1% compared to $(4.5) million in the previous year[9]. Revenue and Income - Interest income for the first quarter of 2024 was $51.1 million, a 48.6% increase from $34.4 million in the same period last year[7]. - UACC's interest income reached $51.5 million, up 46.0% from $35.3 million year-over-year[9]. - Net interest income for Q1 2024 was $36,737 thousand, up from $26,924 thousand in Q1 2023, reflecting an increase of approximately 36%[21]. - CarStory revenue decreased by 6.0% to $2.98 million from $3.17 million year-over-year[10]. Expenses and Liabilities - Total expenses for the quarter were $48.3 million, a slight increase of 2.3% from $47.2 million in Q1 2023[7]. - Total liabilities decreased from $1,347,751 thousand as of December 31, 2023, to $1,160,780 thousand as of March 31, 2024, a reduction of about 14%[19]. - Cash paid for interest increased to $13,497 from $6,347, reflecting a significant rise in interest expenses[25]. Cash and Assets - As of March 31, 2024, Vroom reported cash and cash equivalents of approximately $91 million[5]. - Cash and cash equivalents decreased from $135,585 thousand at the end of 2023 to $90,990 thousand at the end of Q1 2024, a decline of approximately 33%[19]. - Total assets decreased from $1,475,422 thousand as of December 31, 2023, to $1,222,267 thousand as of March 31, 2024, a reduction of about 17%[19]. Business Operations and Strategy - The company has substantially completed its ecommerce wind-down, focusing on enhancing UACC's profitability[4]. - The company has discontinued its e-commerce operations and used vehicle dealership business as part of its Value Maximization Plan[15]. - The company expects to benefit from the completion of the wind-down of the e-commerce business and anticipates impacts from the UACC's 2024-1 securitization transaction[16]. - The company completed a securitization transaction in April 2024, selling $262.5 million of rated asset-backed securities[4]. Shareholder Information - The weighted-average number of shares outstanding increased from 1,731,636 in Q1 2023 to 1,794,303 in Q1 2024, an increase of approximately 4%[21]. Securitization Details - The company reported a finance receivable of $180,706 from the consolidation of the 2022-2 securitization transaction[25]. - Securitization debt from the consolidation of the 2022-2 securitization transaction amounted to $186,386[25]. - The reclassification of finance receivables held for sale to finance receivables at fair value, net, was $248,081[25].