VRM PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d

VRM ▲ +7.87% at T+5d

SHORT call ✗ call lost -7.87% · α vs SPY -6.91% · entry $11.18 → $12.06

Next anchor: T+20d due yesterday

Currently $7.22 · +35.42% from $11.18 entry (call sign-flipped)

Entry anchored
May 14, 2026
via day open

T+1d

+4.74%

call -4.74% · α -4.80%

$11.71

settled 29d ago

T+5d

+7.87%

call -7.87% · α -6.91%

$12.06

settled 23d ago

T+20d

—

call — · α —

—

due yesterday

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

Vroom reported Q1 2026 results with a GAAP net loss of $19.6M attributable to common shareholders, compared to a Non-GAAP combined net income of $38.7M in Q1 2025 (which included a $51M reorganization gain). The company narrowed its full-year 2026 adjusted net loss guidance to $25M-$30M and highlighted $56.4M in total available liquidity. However, core operating trends weakened: net interest income after losses fell 56% YoY to $5.7M, and UACC's adjusted net loss widened to $15.0M from $6.7M in the prior-year combined period.

Actionable Insight

The widening credit losses and deteriorating UACC profitability signal continued stress in Vroom's core auto lending business. Watch for the June 2026 exchange of $28.5M notes for a $50M convertible note — this dilutive restructuring could pressure the stock further. The $25M-$30M full-year adjusted net loss guidance implies no near-term path to profitability.

Key Facts

Net loss attributable to common shareholders was $19.6M in Q1 2026 vs Non-GAAP combined net income of $38.7M in Q1 2025 (which included $51M reorganization gain)
Net interest income after losses and recoveries fell 56.2% YoY to $5.7M
UACC segment adjusted net loss widened to $15.0M from $6.7M in the prior-year combined period
Full-year 2026 adjusted net loss guidance narrowed to $25M-$30M (from prior range not provided)
Total available liquidity of $56.4M as of March 31, 2026, including $14.5M cash and $27.0M delayed draw facility
Existing $28.5M notes expected to be exchanged for $50.0M new Senior Secured Delayed Draw Convertible Note due 2032, expected to close June 2026
CarStory revenue declined 52.8% YoY to $1.3M
Realized and unrealized losses on finance receivables increased 38% YoY to $24.7M

Financial Impact

Net loss of $19.6M in Q1 2026 vs Non-GAAP combined net income of $38.7M in Q1 2025; adjusted net loss of $18.2M vs $6.7M combined in prior year

net incomenet interest incomeadjusted net losscredit lossesCarStory revenue

Risk Factors

Further deterioration in auto loan credit performance could accelerate losses
Dilution from the $50M convertible note exchange expected in June 2026
Limited analyst coverage and 0% Street bullish rating suggest low institutional interest
Cash burn continues — $14.5M cash on hand with $18.2M quarterly adjusted net loss

Market Snapshot

Exchange

OTC

Sector

Retail-Auto Dealers & Gasoline Stations

Analyst Consensus

0% bullish (8 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3295522

3 reports for VRM

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for VRM — sortable, filterable
	Type				Now
May 15, 2026 29d ago	Press Release BEARISH ★ 6/10	$11.18 $12.06	▼ −7.87%	▼ −6.91%	$7.22 (+35.42%)
Mar 26, 2026 11w ago	Press Release MIXED ★ 6/10	$11.65 $13.63	▲ +17.00%	▲ +13.13%	$7.22 (−38.03%)
Mar 20, 2026 12w ago	Insider Cluster BEARISH ★ 5/10	$11.82 $11.65	▲ +1.44%	▼ −0.71%	$7.22 (+38.92%)

US Market Status

Market Closed — Opens Mon (48h 57m)

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