Vroom, Inc.

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.

Vroom, Inc.'s subsidiaries, United Auto Credit Corporation (UACC) and UACC Auto Financing Trust IV, amended their Warehouse Credit Facility. The amendment extends the Commitment Termination Date to June 2, 2027, from July 2, 2026. It also modifies financial covenants by increasing the maximum permitted leverage ratio, simplifying the minimum tangible net worth threshold, and updating the advance rate mechanism. Additionally, Vroom Finance Holdings LLC, UACC's parent company, entered into a Performance Guaranty.

Vroom, Inc., through its wholly-owned subsidiaries, amended two warehouse credit facilities on May 29, 2026. Amendment No. 28 to Warehouse Credit Facility One extended its Commitment Termination Date from June 2, 2026, to July 2, 2026. Amendment No. 10 to Warehouse Credit Facility Two, effective March 31, 2026, included changes such as a reduced advance rate for certain receivables, a reduced Minimum Tangible Net Worth covenant, and updated definitions for Available Liquidity and undrawn availability under the Mudrick Capital Facility.

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.

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.

Vroom, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 11, 2026. Stockholders will vote on the election of seven directors, the ratification of RSM US LLP as the independent auditor for 2026, and an advisory approval of named executive officer compensation. The record date for voting is April 16, 2026, with the board size set to decrease from eight to seven directors.