Vroom Announces Second Quarter 2026 Results
Vroom reported its first-ever quarterly net income of $0.6 million and adjusted net income of $1.5 million, driven by a 45% reduction in realized and unrealized losses year-over-year. The company strengthened its balance sheet by exchanging $28.5 million of existing notes for a $50 million Senior Secured Delayed Draw Convertible Note due 2032, ending the quarter with $63.9 million in total liquidity.
Key figures
- Guidance
- FY2026 indirect origination volume $475-$515 million; adjusted net income loss ($25)-($30) million
- Net income
- 628000
- Total liquidity
- 63900000
- Adjusted net income
- 1494000
- Net interest income
- 31623000
- Tangible book value
- 88400000
- Adjusted net income uacc
- 3993000
- Realized unrealized losses
- 10663000
AI analysis
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