← Vroom, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | — | — | — | ($451.9m) | ($85.1m) | ($138.2m) | ($54.0m) | |
| Net Income (Loss) Attributable to Parent | — | ($143.0m) | ($202.8m) | ($370.9m) | ($451.9m) | ($365.5m) | ($165.1m) | ($53.0m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($275.7m) | ($202.8m) | ($370.9m) | ($451.9m) | ($364.6m) | ($165.1m) | ($53.0m) | |
| Net (loss) income from continuing operations | ($85.2m) | ($143.0m) | ($202.8m) | ($370.9m) | ($451.9m) | ($365.5m) | ($138.2m) | ($54.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($143.0m) | ($202.8m) | ($370.9m) | ($451.9m) | ($365.5m) | ($138.2m) | ($54.0m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($138.2m) | ($54.0m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($26.9m) | $996k | |
| Depreciation, Depletion and Amortization | $6.9m | $6.2m | $4.7m | $13.2m | $38.7m | $43.5m | $29.1m | $3.4m | |
| Depreciation, Depletion and Amortization | $6.9m | $6.2m | $4.7m | $13.2m | $38.7m | $43.5m | $29.1m | $3.4m | |
| Amortization of Debt Issuance Costs | $279k | $357k | $938k | $2.9m | $4.8m | $4.6m | $4.3m | — | |
| Amortization of Intangible Assets | — | — | — | $6.1m | $25.3m | $27.0m | $27.0m | $1.8m | |
| Amortization of unearned discounts on finance receivables at fair value | — | — | — | — | ($14.6m) | ($26.0m) | ($15.9m) | — | |
| Amortization Cash Flow | — | — | — | $0 | ($14.6m) | — | — | — | |
| Amortization Of Intangibles | — | — | — | $0 | ($14.6m) | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | $38.7m | $29.1m | $29.1m | $3.4m | |
| Deferred Income Tax Expense (Benefit) | — | $0 | $0 | $0 | ($23.9m) | $0 | $0 | $0 | |
| Deferred Income Tax | — | — | — | $0 | ($23.9m) | $0 | — | — | |
| Deferred Tax | — | — | — | $0 | ($23.9m) | $0 | — | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $2.8m | $13.3m | $13.4m | $12.0m | $10.1m | $5.9m | $5.2m | |
| Share-based Payment Arrangement, Expense | — | — | — | $0 | — | — | $3.1m | $3.7m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $201.7m | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $6.5m | $23.5m | $2.4m | $4.2m | |
| Impairment charges | — | — | — | — | $211.9m | $48.7m | $5.2m | $4.2m | |
| Asset Impairment Charge | — | — | — | — | $211.9m | $0 | $5.2m | $4.2m | |
| Gain (Loss) on Extinguishment of Debt | — | ($1.0m) | — | — | $164.7m | $37.9m | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($789k) | ($46k) | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $168k | $84k | $754k | ($19.7m) | $615k | $856k | $294k | |
| Other Nonoperating Income (Expense) | — | $96k | $114k | $65k | ($43.2m) | ($108.3m) | — | — | |
| Gain on debt extinguishment | — | $1.0m | — | — | ($164.7m) | ($37.9m) | — | — | |
| Changes in operating assets and liabilities: | |||||||||
| Additional Financial Items | |||||||||
| Increase (Decrease) in Accounts Receivable | — | $18.4m | $32.1m | $53.2m | ($78.1m) | ($754k) | — | — | |
| Increase (Decrease) in Inventories | — | $92.9m | $224.5m | $312.2m | ($403.9m) | ($159.8m) | — | — | |
| Increase (Decrease) in Accounts Payable | — | $4.0m | $14.1m | $19.3m | ($24.3m) | ($7.9m) | — | — | |
| Increase (Decrease) in Other Operating Assets | — | $3.5m | $4.6m | $9.2m | $2.5m | ($3.3m) | ($15.3m) | ($7.1m) | |
| Increase (Decrease) in Other Operating Liabilities | — | $5.7m | $19.5m | $29.2m | ($38.3m) | ($10.0m) | ($8.5m) | ($3.6m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | $13.4m | $4.1m | — | — | |
| Proceeds from Stock Options Exercised | — | $1.8m | $2.3m | $5.8m | — | — | — | — | |
| Accrued capital expenditures | — | $3.5m | $11.3m | $28.4m | $24.2m | $14.8m | $3.5m | $7.1m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | ($119.9m) | ($97.3m) | |
| Goodwill | — | $78.2m | $78.2m | $158.8m | $0 | $0 | — | — | |
| Inventory Write-down | — | $2.7m | $6.6m | $9.5m | $1.8m | ($2.4m) | — | — | |
| Investment Income, Interest | — | $5.6m | $5.9m | $10.3m | $19.4m | $21.2m | — | — | |
| Profit share receivable | — | — | — | — | — | — | $11.6m | ($554k) | |
| Losses on finance receivables and securitization debt, net | — | — | — | — | $66.8m | $114.7m | $129.6m | $108.5m | |
| Losses on Warranties and GAP | — | — | — | — | — | $7.1m | $8.0m | $7.0m | |
| Stock-based compensation expense | $1.2m | $2.8m | $13.3m | $13.4m | $12.0m | $10.1m | $5.9m | $5.2m | |
| Provision to record finance receivables held for sale at lower of cost or fair value | — | — | — | — | $6.5m | $20.6m | ($4.6m) | — | |
| Other, net | — | $789k | $2.3m | $9.6m | ($7.5m) | ($17.4m) | ($4.6m) | ($909k) | |
| Originations of finance receivables, held for sale | — | — | — | — | ($625.6m) | ($582.2m) | ($404.2m) | — | |
| Principal payments received on finance receivables, held for sale | — | — | — | — | $64.5m | $105.9m | $186.8m | — | |
| Other | — | — | — | — | ($7.7m) | ($1.6m) | $1.6m | — | |
| Interest receivable | — | — | — | — | — | ($7.2m) | $417k | $1.4m | |
| Other assets | ($3.1m) | ($3.5m) | ($4.6m) | ($9.2m) | ($2.5m) | $3.3m | $15.3m | $7.1m | |
| Other liabilities | ($6.0m) | $5.7m | $19.5m | $29.2m | ($38.3m) | ($10.0m) | ($8.5m) | ($3.6m) | |
| Principal payments received on finance receivables, held for investment at fair value | — | — | — | — | — | $174.7m | $115.9m | $316.8m | |
| Principal payments received on beneficial interests | — | — | — | — | $8.3m | $5.2m | $2.4m | $1.2m | |
| Proceeds from borrowings under secured financing agreements | — | — | — | — | — | $262.0m | $296.0m | $307.8m | |
| Principal repayment under secured financing agreements | — | — | — | — | ($192.8m) | ($208.5m) | ($251.5m) | ($254.0m) | |
| Proceeds from financing of beneficial interests in securitizations | — | — | — | — | — | $24.5m | $15.8m | $16.2m | |
| Principal repayments of financing of beneficial interests in securitizations | — | — | — | — | — | ($8.7m) | ($13.4m) | ($13.6m) | |
| Proceeds from warehouse credit facilities | — | — | — | — | $520.8m | $480.1m | $318.6m | $333.7m | |
| Repayments of warehouse credit facilities | — | — | — | — | ($467.2m) | ($290.5m) | ($380.0m) | ($378.8m) | |
| Beginning Cash Position | — | — | — | — | $1.2b | $472.0m | $208.8m | $61.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($469.5m) | $223.2m | ($14.8m) | $37.9m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($164.2m) | $185.3m | $114.9m | ($108.8m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | ($125.8m) | ($151.2m) | $0 | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | ($12.2m) | $17.7m | $637k | |
| Change In Account Payable | — | — | — | $19.3m | ($24.3m) | ($7.9m) | — | — | |
| Change In Accrued Expense | — | — | — | $61.2m | ($53.6m) | ($24.8m) | — | — | |
| Change In Inventory | — | — | — | ($312.2m) | $403.9m | $159.8m | — | — | |
| Change In Other Current Assets | — | — | — | — | ($2.5m) | $11.7m | $15.3m | $7.1m | |
| Change In Other Current Liabilities | — | — | — | — | ($38.3m) | ($10.1m) | ($8.5m) | ($3.6m) | |
| Change In Other Working Capital | — | — | — | $50.9m | ($65.1m) | $3.4m | — | — | |
| Change In Payable | — | — | — | $19.3m | ($24.3m) | ($7.9m) | — | — | |
| Change In Payables And Accrued Expense | — | — | — | $80.5m | ($77.8m) | ($32.7m) | — | — | |
| Change In Prepaid Assets | — | — | — | ($32.5m) | $4.1m | $22.7m | — | — | |
| Change In Receivables | — | — | — | — | $78.1m | ($7.2m) | $417k | $1.4m | |
| Change In Working Capital | — | — | — | — | $302.3m | ($5.7m) | $7.3m | $4.9m | |
| Changes In Account Receivables | — | — | — | ($53.2m) | $78.1m | $754k | — | — | |
| Changes In Cash | — | — | — | — | ($742.8m) | ($263.2m) | ($130.4m) | $4.9m | |
| End Cash Position | — | — | — | — | $472.0m | $208.8m | $78.4m | $66.3m | |
| Financing Cash Flow | — | — | — | — | ($469.5m) | $97.3m | ($166.0m) | $37.9m | |
| Free Cash Flow | — | — | — | — | ($133.3m) | ($536.3m) | ($100.5m) | $68.1m | |
| Investing Cash Flow | — | — | — | — | ($164.2m) | $173.2m | $132.6m | ($108.2m) | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | $2.4m | $0 | — | |
| Net Business Purchase And Sale | — | — | — | ($75.9m) | ($267.5m) | $0 | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | ($24.2m) | ($2.6m) | ($3.5m) | ($7.1m) | |
| Net Preferred Stock Issuance | — | — | — | $0 | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | — | ($210.3m) | ($37.9m) | — | — | |
| Other Non Cash Items | — | — | — | — | ($9.6m) | ($409.9m) | ($80.3m) | $114.0m | |
| Preferred Stock Issuance | — | — | — | $0 | $0 | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | $5.8m | $0 | — | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | $21.8m | $20.6m | ($4.6m) | $0 | |
| Purchase Of Business | — | — | — | ($75.9m) | ($267.5m) | $0 | — | — | |
| Purchase Of PPE | — | — | — | — | ($24.2m) | ($2.6m) | ($3.5m) | ($7.1m) | |
| Stock Based Compensation | — | — | — | — | $12.0m | $6.9m | $5.9m | $5.2m | |
| Net Cash Provided by (Used in) Operating Activities | ($64.9m) | ($215.6m) | ($355.3m) | ($568.7m) | ($109.1m) | ($533.7m) | ($97.0m) | $75.2m | |
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | ($2.1m) | $3.5m | $11.3m | $28.4m | $24.2m | $14.8m | $3.5m | $7.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $75.9m | $267.5m | — | — | — | |
| Purchases of finance receivables, held for investment at fair value | — | — | — | — | ($56.5m) | ($3.4m) | — | ($419.7m) | |
| Net Other Investing Changes | — | — | — | — | $127.5m | $188.0m | $118.4m | ($101.7m) | |
| Net cash (used in) provided by investing activities from continuing operations | — | — | — | — | — | $185.3m | $114.9m | ($108.8m) | |
| Net cash provided by investing activities from discontinued operations | — | — | — | — | — | ($12.2m) | $17.7m | $637k | |
| Net cash (used in) provided by investing activities | $12.8m | ($3.5m) | ($11.3m) | ($104.3m) | ($164.2m) | $173.2m | $132.6m | ($108.2m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($3.5m) | ($11.3m) | ($104.3m) | ($164.2m) | $173.2m | $132.6m | ($108.2m) | |
| Cash flows from financing activities: | |||||||||
| Issuance Of Debt | — | — | — | — | $1.9b | $766.6m | $630.5m | $686.2m | |
| Long Term Debt Issuance | — | — | — | — | $0 | $286.5m | $311.9m | $334.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | ($465.3m) | $222.4m | ($14.4m) | $39.8m | |
| Net Long Term Debt Issuance | — | — | — | — | ($283.0m) | $32.8m | $46.9m | $66.4m | |
| Net Short Term Debt Issuance | — | — | — | — | ($182.2m) | $189.6m | ($61.4m) | ($26.6m) | |
| Short Term Debt Issuance | — | — | — | — | $1.9b | $480.1m | $318.6m | $352.2m | |
| Repayments of Long-term Debt | — | $25.0m | — | — | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | ($283.0m) | ($253.7m) | ($265.0m) | ($267.6m) | |
| Repayment Of Debt | — | — | — | — | ($2.4b) | ($544.2m) | ($644.9m) | ($646.4m) | |
| Short Term Debt Payments | — | — | — | — | ($2.1b) | ($290.5m) | ($380.0m) | ($378.8m) | |
| Proceeds from Issuance of Common Stock | — | — | $569.5m | — | — | $2.4m | — | — | |
| Proceeds from the issuance of common stock in at-the-market offering, net of offering costs | — | — | $569.5m | — | — | $2.4m | — | — | |
| Common Stock Issuance | — | — | — | $0 | $0 | $2.4m | $0 | — | |
| Net Common Stock Issuance | — | — | — | $0 | $0 | $2.4m | $0 | — | |
| Payments for Repurchase of Common Stock | — | $5.8m | $1.8m | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | $183k | ($316k) | ($495k) | ($4.2m) | ($1.7m) | ($364k) | ($1.9m) | |
| Other financing activities | ($164k) | $183k | ($316k) | ($495k) | ($4.2m) | ($1.7m) | ($364k) | ($1.9m) | |
| Net Other Financing Charges | — | — | — | — | ($4.2m) | ($1.7m) | ($364k) | ($1.9m) | |
| Net cash provided by (used in) financing activities from continuing operations | — | — | — | — | — | $223.2m | ($14.8m) | $37.9m | |
| Net cash used in financing activities from discontinued operations | — | — | — | — | — | ($125.8m) | ($151.2m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $132.4m | $275.2m | $1.2b | $797.7m | ($469.5m) | $97.3m | ($166.0m) | $37.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $56.1m | $870.5m | $124.7m | ($742.8m) | ($263.2m) | ($130.4m) | $4.9m | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $80.3m | $56.1m | $870.5m | $124.7m | ($742.8m) | ($263.2m) | ($130.4m) | $4.9m | |
| Cash, cash equivalents and restricted cash at the beginning of period | $163.5m | $219.6m | $1.1b | $1.2b | $472.0m | $208.8m | $78.4m | $66.3m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | ($742.8m) | ($263.2m) | ($130.4m) | $4.9m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $7.7m | $12.6m | $8.5m | $16.0m | $34.9m | $59.4m | $57.7m | $48.5m | |
| Income Taxes Paid, Net | $212k | $157k | $163k | $403k | $2.4m | $5.4m | ($1.4m) | ($137k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.