Quarterly ResultAug 4, 2026, 04:06 PM
Vroom Achieves First-Ever Positive Net Income in Q2 2026
AI Summary
Vroom, Inc. announced its financial results for the second quarter ended June 30, 2026, marking a historic milestone with positive net income of $0.6 million and adjusted net income of $1.5 million for the first time. The company also strengthened its balance sheet by exchanging $28.5 million of existing notes for $50.0 million in new Senior Secured Delayed Draw Convertible Notes due 2032, extending its financial runway. As of quarter-end, Vroom reported $99.8 million in stockholders' equity and $63.9 million in total available liquidity.
Key Highlights
- Achieved Q2 2026 net income of $0.6 million.
- Achieved Q2 2026 adjusted net income of $1.5 million.
- Exchanged $28.5 million existing notes for $50.0 million new Senior Secured Delayed Draw Convertible Notes.
- Reported $99.8 million stockholders' equity as of June 30, 2026.
- Total available liquidity was $63.9 million as of June 30, 2026.
- Net interest income after losses and recoveries increased 59.9% to $20.96 million.
- Full year 2026 Adjusted net income (loss) guidance is ($25) to ($30) million.
Price Impact
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