Vroom, Inc. Reports Q1 2025 Financial Results

Vroom, Inc. ( (VRM) ) has released its Q1 earnings. Here is a breakdown of the information Vroom, Inc. presented to its investors.

Vroom, Inc. is a company operating in the automotive sector, primarily focusing on indirect automotive lending through its subsidiary United Auto Credit Corporation (UACC) and providing AI-powered analytics and digital services via CarStory. Recently, Vroom has discontinued its ecommerce operations as part of a strategic shift.

In its first quarter of 2025 earnings report, Vroom announced the completion of a recapitalization process and highlighted its strengthened liquidity position, which it believes will support long-term growth. The company reported a consolidated total available liquidity of $66.9 million as of March 31, 2025.

Key financial metrics from the report include a net loss of $6.5 million from continuing operations for the period from January 15 to March 31, 2025, and a net income of $45.1 million for the period from January 1 to January 15, 2025. The company also completed its 17th securitization transaction, issuing $324 million of fixed-rate asset-backed notes, and extended $400 million of warehouse agreements.

Despite the challenges, Vroom’s management expressed optimism about the future, citing improvements in loan portfolio performance at UACC and a significant reduction in expenses. The company also reported a tangible book value of $144.8 million and stockholders’ equity of $158.6 million as of the end of the quarter.

Looking ahead, Vroom’s management remains focused on executing its long-term strategy, with expectations for adjusted net income (loss) ranging from (30) to (45) million for the full year 2025, and year-end total available liquidity projected between $35 million and $50 million.