Vroom Announces Second Quarter 2025 Results

Core Insights - Vroom, Inc. reported a decrease in net loss and adjusted net loss year-over-year for Q2 2025, attributed to operational execution and improved loan portfolio performance at UACC [3][6]. Financial Performance - As of June 30, 2025, Vroom had total available liquidity of $55.9 million, comprising $14.3 million in cash and cash equivalents, $16.6 million from warehouse credit facilities, and $25.0 million from a line of credit [6]. - The net loss from continuing operations for Q2 2025 was $(8.9) million, while the adjusted net loss was $(6.7) million [6]. - Stockholders' equity stood at $151.9 million, with a tangible book value of $138.6 million as of June 30, 2025 [6]. Year-over-Year Comparisons - Interest income for Q2 2025 was $45.748 million, down from $51.862 million in Q2 2024, reflecting a decrease of 12.7% [8][10]. - Total interest expense decreased to $13.142 million from $14.981 million, a reduction of 12.3% [8][10]. - Net interest income after losses and recoveries fell to $11.684 million, down 34.5% from $17.826 million [10]. Operational Efficiency - Total expenses for Q2 2025 were $30.796 million, significantly lower than $46.442 million in Q2 2024, marking a decrease of 24.2% [10]. - Compensation and benefits expenses decreased by 15.1% to $21.091 million from $27.176 million [10]. - Depreciation and amortization expenses dropped dramatically by 88.8% to $628,000 from $5.630 million [10]. Segment Performance - Noninterest income for Q2 2025 totaled $8.817 million, slightly down from $9.019 million in Q2 2024 [10]. - CarStory revenue decreased by 36.6% to $1.846 million from $2.913 million [13]. - Warranties and GAP income increased significantly by 124.0% to $3.673 million from $1.640 million [10].