Quarterly ResultMay 15, 2026, 06:17 AM
Vroom Q1 Net Loss $(19.6)M; FY Guidance Worsens
AI Summary
Vroom, Inc. announced its first quarter 2026 financial results, reporting a net loss attributable to controlling interest and common shareholders of $(19.6) million and an adjusted net loss of $(18.2) million. The company's stockholders' equity was $98.4 million and total available liquidity was $56.4 million as of March 31, 2026. Vroom also updated its full-year adjusted net loss guidance to between $25.0 million and $30.0 million and expects to exchange $28.5 million in existing notes for a new $50.0 million convertible note in June 2026.
Key Highlights
- Vroom reported $98.4 million in stockholders' equity as of March 31, 2026.
- Tangible book value stood at $86.5 million as of March 31, 2026.
- Consolidated total available liquidity was $56.4 million as of March 31, 2026.
- Net loss attributable to controlling interest and common shareholders was $(19.6) million for Q1 2026.
- Adjusted net loss for Q1 2026 was $(18.2) million.
- Full-year adjusted net loss guidance was updated to $25.0 million to $30.0 million.
- Existing notes of $28.5 million are expected to be exchanged for $50.0 million new Senior Secured Delayed Draw Convertible Note due 2032.
- The company introduced its new dealer portal, Fast Lane, in Q1 2026.
Price Impact
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