Vroom Q3 2023 net loss $82.9M; ecommerce units up 11% sequentially, GPPU improves to $3,144

Vroom, Inc.

2023-Q3 EPS reported -$1.61 revenue$657,279,000

Net loss of $82.9M, Adjusted EBITDA loss of $64.5M; both worsened vs Q2 2023.
Ecommerce units sold 4,561 (+11% sequentially); GPPU improved to $3,144 from $2,954 in Q2.
Total revenue $235.6M, down 30.9% YoY; ecommerce revenue $149.9M down 33.5% YoY.
Cash and equivalents ~$209M; company plans to seek additional capital via equity or debt.
Vehicle gross profit per ecommerce unit fell 77% YoY to $516; aged inventory 34% of units sold.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vroom, Inc. reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 7, 2023, Vroom, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023.

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Vroom, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-060242

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