Vroom Announces Third Quarter 2025 Results

Core Insights - Vroom, Inc. reported a decrease in net loss and adjusted net loss year-over-year for Q3 2025, attributed to the implementation of its Long-Term Strategic Plan [5] - The company emerged from a voluntary Chapter 11 proceeding on January 14, 2025, applying fresh-start accounting, which significantly altered the valuation of its assets and liabilities [5][6] Financial Performance - Total available liquidity as of September 30, 2025, was $59.2 million, comprising $12.4 million in cash and cash equivalents, $11.8 million from warehouse credit facilities, and $35.0 million from a delayed draw facility [9] - The net loss from continuing operations for Q3 2025 was $(27.1) million, while the adjusted net loss was $(25.7) million [9] - Compared to the trailing twelve months ending September 30, 2024, there was a $94.3 million improvement in net loss and a $66.8 million improvement in adjusted net loss for the trailing twelve months ending September 30, 2025 [9] Income and Expenses - Interest income for Q3 2025 was $44.8 million, down from $50.2 million in Q3 2024, reflecting an 11.8% decrease [8][12] - Total interest expense decreased to $13.3 million from $15.3 million year-over-year, a reduction of 13.2% [8][12] - Total expenses for Q3 2025 were $24.8 million, significantly lower than $44.9 million in Q3 2024, marking a 38.5% decrease [10][12] Segment Performance - Noninterest income for Q3 2025 totaled $9.5 million, down from $10.7 million in Q3 2024, a decline of 11.3% [10] - CarStory revenue decreased to $1.3 million in Q3 2025 from $2.9 million in Q3 2024, representing a 53.4% decline [14] Stockholder Equity - As of September 30, 2025, stockholders' equity was reported at $126.6 million, with a tangible book value of $113.8 million [9]