Quarterly ResultMay 14, 2026, 08:52 PM
Vroom Q1 Net Loss $(19.6)M; Full-Year Adjusted Loss Guidance $(25)-(30)M
AI Summary
Vroom, Inc. reported a net loss attributable to controlling interest and common shareholders of $(19.6) million for the first quarter ended March 31, 2026, with an adjusted net loss of $(18.2) million. The company updated its full-year adjusted net loss guidance to a range of ($25.0) to ($30.0) million. Vroom also announced plans to exchange $28.5 million in existing notes for a new $50.0 million Senior Secured Delayed Draw Convertible Note due 2032, expected to close in June 2026, and highlighted $56.4 million in consolidated total available liquidity.
Key Highlights
- Q1 2026 net loss attributable to controlling interest and common shareholders was $(19.6) million.
- Q1 2026 adjusted net loss was $(18.2) million.
- Vroom updated its full-year 2026 adjusted net loss guidance to ($25.0) to ($30.0) million.
- Stockholders' equity was $98.4 million and tangible book value $86.5 million as of March 31, 2026.
- Consolidated total available liquidity stood at $56.4 million as of March 31, 2026.
- Existing notes of $28.5 million are expected to be exchanged for a $50.0 million new Senior Secured Delayed Draw Convertible Note due 2032.
- Vroom Automotive LLC issued $22.5 million in preferred stock in January 2026.
- UACC segment's net interest income after losses and recoveries decreased by 47.8% to $5.594 million.