Vroom Announces First Quarter 2026 Results $98.4 million stockholders' equity as of March 31, 2026

Vroom, Inc. (Nasdaq:VRM) released its first-quarter 2026 financial results, reporting $98.4 million in stockholders' equity and $86.5 million in tangible book value as of March 31, 2026. The company’s consolidated total available liquidity stood at $56.4 million, comprising $14.5 million in cash and cash equivalents, $14.9 million from warehouse credit facilities, and $27.0 million from a delayed draw facility. Despite its liquidity position, Vroom recorded a net loss of $19.6 million and an adjusted net loss of $18.2 million for the quarter. The company issued $22.5 million in preferred stock to SPE Holdings in January 2026 and noted a $11.7 million increase in net loss and a $20.6 million decrease in adjusted net loss over the trailing twelve months compared to the same period in 2025. Vroom updated its full-year adjusted net loss guidance to between $25.0 million and $30.0 million for 2026. Additionally, the company announced plans to exchange $28.5 million in existing notes for a $50.0 million Senior Secured Delayed Draw Convertible Note due in 2032, with the transaction expected to close in June 2026. Vroom’s financial statements reflect fresh-start accounting following its emergence from a voluntary Prepackaged Chapter 11 bankruptcy on January 14, 2025. Under this accounting method, assets and liabilities were revalued to their estimated fair values, making post-Effective Date results non-comparable to prior periods. The company’s combined results for Q1 2025 include both Predecessor (January 1–14, 2025) and Successor (January 15–March 31, 2025) periods, though these are not presented in accordance with GAAP. Tangible book value excludes intangible assets of $11.9 million, while total available liquidity is a non-GAAP measure combining cash, credit facilities, and delayed draw availability. The company also clarified that adjusted net income (loss) is a non-GAAP metric, with reconciliations provided in its financial disclosures. Forward-looking guidance for 2026 remains subject to uncertainty due to potential future cost variability.