Vroom, Inc. VRM
Vroom, Inc. is a holding company that conducts its operations through its subsidiaries. Unless the context otherwise requires, references herein to "Vroom", the "Company", "we", "us" or "our" refer to Vroom and its consolidated subsidiaries.
The Company was incorporated in Delaware on January 31, 2012, under the name BCM Partners III, Corp. On June 25, 2013, the Company changed its name to Auto America, Inc., and on July 9, 2015, the Company changed its name to Vroom, Inc. The Company previously operated an end-to-end ecommerce platform to buy and sell used vehicles through its subsidiary Vroom Automotive, LLC.
Vroom, Inc. completed its initial public offering ("IPO") in June 2020. In January 2021, the Company completed its acquisition of Vast Holdings, Inc. (d/b/a CarStory) ("CarStory"), an artificial intelligence ("AI") powered analytics and digital services platform for automotive retail. On February 1, 2022, the Company completed its acquisition of Unitas Holdings Corp. (now known as Vroom Finance Corporation), including its wholly owned subsidiaries United PanAm Financial Corp. (now known as Vroom Automotive Financial Corporation) and United Auto Credit Corporation ("UACC"). UACC is a leading automotive finance company that offers vehicle financing to consumers through motor vehicle dealers under the UACC brand.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $893.2M | $1.95B | $3.18B | $1.36B | $1.19B | $855.4M | — |
| Cost of revenue | — | — | $731.3M | $1.70B | $2.98B | $1.29B | $1.13B | $794.6M | — |
| Gross profit | — | — | $161.9M | $244.8M | $202.1M | $71.5M | $57.9M | $60.8M | — |
| SG&A | — | — | $340.7M | $566.4M | $547.8M | $245.5M | $185.0M | $133.8M | — |
| Operating income | — | — | -$270.2M | -$571.8M | -$358.6M | -$178.6M | -$133.1M | -$79.9M | — |
| Interest expense | $121.1M | $142.5M | $136.6M | $40.7M | $21.9M | $9.7M | $14.6M | $8.5M | — |
| Pre-tax income | -$53.8M | -$137.4M | -$84.5M | -$471.6M | -$370.2M | -$202.7M | -$142.8M | -$84.9M | — |
| Income tax | $294.0K | $856.0K | $642.0K | $19.7M | $754.0K | $84.0K | $168.0K | $229.0K | — |
| Net income | -$53.0M | -$165.1M | -$364.6M | -$451.9M | -$370.9M | -$202.8M | -$143.0M | -$85.2M | — |
| EPS, basic | -10.24 | -91.07 | -209.17 | -262.15 | -2.72 | -2.76 | — | — | — |
| EPS, diluted | -10.24 | -91.07 | -209.17 | -262.15 | -2.72 | -2.76 | -32.04 | -11.50 | — |
| Shares, diluted (wtd. avg.) | 5.2M | 1.8M | 1.7M | 1.7M | 136.4M | 73.3M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.4M | $29.3M | $135.6M | $398.9M | $1.13B | $1.06B | $217.7M | — | — |
| Receivables | — | — | $9.1M | $14.0M | $105.4M | $60.6M | $30.8M | — | — |
| Inventory | — | — | $163.2M | $320.6M | $726.4M | $423.6M | $205.7M | — | — |
| Total current assets | — | — | $952.6M | $1.22B | $2.10B | $1.60B | $465.3M | — | — |
| Property, plant and equipment | $6.7M | $4.1M | $5.0M | $50.2M | $37.0M | $15.1M | $7.8M | — | — |
| Goodwill | — | — | $0 | $0 | $158.8M | $78.2M | $78.2M | — | — |
| Other intangibles | $12.4M | $104.9M | $131.9M | $158.9M | $28.2M | $34.0K | — | — | — |
| Total assets | $937.4M | $1.07B | $1.48B | $1.62B | $2.37B | $1.72B | $563.4M | — | — |
| Accounts payable | — | — | $26.8M | $34.7M | $52.7M | $32.9M | $19.0M | — | — |
| Short-term debt | — | — | $172.4M | $47.2M | — | — | — | — | — |
| Total current liabilities | — | — | $856.8M | $703.3M | $827.3M | $482.7M | $259.8M | — | — |
| Long-term debt | $423.2M | $381.4M | $626.6M | $402.2M | $610.6M | — | — | — | — |
| Total liabilities | $820.8M | $1.10B | $1.35B | $1.14B | $1.45B | $497.0M | $262.9M | — | — |
| Retained earnings | -$53.0M | -$2.13B | -$1.96B | -$1.60B | -$1.15B | -$777.9M | -$573.9M | — | — |
| Total equity | $116.6M | -$30.9M | $127.7M | $479.8M | $915.2M | $1.23B | -$573.9M | -$296.9M | -$201.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $75.2M | -$97.0M | -$533.7M | -$109.1M | -$568.7M | -$355.3M | -$215.6M | -$64.9M | — |
| Depreciation and amortisation | $3.4M | $29.1M | $29.1M | $38.7M | $13.2M | $4.7M | $6.2M | $6.9M | — |
| Stock-based compensation | $5.2M | $5.9M | $6.9M | $12.0M | $13.4M | $13.3M | $2.8M | $1.2M | — |
| Capital expenditure | $7.1M | $3.5M | $2.6M | $24.2M | $28.4M | $11.3M | $3.5M | $2.1M | — |
| Investing cash flow | -$108.2M | $132.6M | $173.2M | -$164.2M | -$104.3M | -$11.3M | -$3.5M | $12.8M | — |
| Financing cash flow | $37.9M | -$166.0M | $97.3M | -$469.5M | $797.7M | $1.24B | $275.2M | $132.4M | — |
| Buybacks | — | — | — | — | — | $1.8M | $5.8M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187619.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $855.4M | $1.19B | $1.36B | $3.18B | $1.95B | $893.2M | — | — |
| Gross profit | — | $60.8M | $57.9M | $71.5M | $202.1M | $244.8M | $161.9M | — | — |
| Net income | — | -$85.2M | -$143.0M | -$202.8M | -$370.9M | -$451.9M | -$364.6M | -$165.1M | -$53.0M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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