VRM
Vroom, Inc.
Price as of Jul 20, 2026
VRM earnings
Vroom, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 14, 2026 | — | $-3.61 | — | $25M | — |
| Mar 26, 2026 | — | $-1.95 | — | $28M | — |
| Aug 7, 2025 | — | $-1.73 | — | $22M | — |
| Mar 11, 2025 | — | $-20.15 | — | $3M | — |
| Aug 8, 2024 | $-36.80 | $-10.61 | +71.2% | $9M | -96.2% |
| May 10, 2024 | $-29.60 | $-24.90 | +15.9% | $-2M | -100.8% |
| Mar 13, 2024 | $-29.60 | $-80.51 | -172.0% | $236M | +1.7% |
| Feb 28, 2023 | $-54.40 | $-37.60 | +30.9% | $209M | -21.9% |
| Feb 28, 2022 | $-61.60 | $-75.20 | -22.1% | $934M | +3.6% |
| Aug 11, 2021 | $-38.40 | $-38.40 | +0.0% | $762M | +17.0% |
| May 12, 2021 | $-50.40 | $-45.60 | +9.5% | $591M | -8.7% |
| Mar 3, 2021 | $-29.60 | $-35.20 | -18.9% | $406M | — |
Earnings call summary
Q3 FY2023 · November 8, 2023
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Continued working towards resuming growth, selling aged inventory, and improving variable and fixed costs per unit. - Third quarter highlights: adjusted EBITDA loss of $64.5 million, e-commerce units up 11% sequentially, e-commerce GPPU increased to $3,144, progress on strategic initiatives including reducing SG&A, improving GPPU through better unit mix, and making progress on long-term roadmap. - Reduced adjusted SG&A by $3.1 million sequentially with 11% increase in unit volume. Made changes in underwriting criteria at UACC expected to improve delinquency trends.
Guidance
- Updated full-year 2023 adjusted EBITDA loss guidance to $225 million to $245 million, driven by higher realized losses and unfavorable mark-to-market at UACC. - Year-end cash and cash equivalents guidance revised to $137 million to $162 million. - Expect potential additional liquidity from securitization proceeds, with year-end midpoint liquidity possibly up to $230 million if securitization proceeds are realized.
Segment performance
Total revenue for the third quarter was $236 million, a 5% increase with e-commerce units growing approximately 11% sequentially. E-commerce GPPU increased from $2,954 to $3,144 sequentially. Adjusted EBITDA loss was $64.5 million, an $8.2 million sequential increase. The loss was impacted by higher realized net losses and unfavorable mark-to-market on finance receivables at UACC. Cash and inventory recovered by approximately $48 million during the quarter.
Risks & headwinds
- Legacy titling and registration issues causing significant costs, aged inventory, and impact on GPPU. - Macroeconomic factors like high inflation, higher interest rates, degraded credit performance, and used vehicle valuation volatility affecting UACC portfolio performance. - Underwriting changes at UACC taking time to materialize in improved portfolio performance.
Analyst Q&A
Q: Asked about UACC losses, progression of other loss item, and breakout between Vroom and UACC portfolios. Also asked about navigating choppy backdrop and recapitalization options.
A: Bob Krakowiak explained the loss was from higher realized and mark-to-market on UACC portfolio, Tom Shortt mentioned pursuing raising capital to scale the business. Bob added UACC made underwriting changes with initial improvement but time needed for results to materialize.
Q: Asked about aged inventory process, progress heading into 2024.
A: Tom Shortt stated aged inventory is down to a few hundred cars or less, with mix improving sequentially, and little material aged inventory left going into 2024
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-06.