Vroom reports Q4 net loss $141.3M, ecommerce wind-down nearly complete

Vroom, Inc.

Cash $135.6M at Dec 31, 2023; ~$94M as of Feb 29, 2024 after winding down ecommerce.
Q4 Ecommerce units sold 4,780 (+15% YoY); GPPU $4,742 vs $1,233 prior year.
Net loss $141.3M (Q4), $365.5M (FY); Adj. EBITDA loss $91.6M (Q4), $277.2M (FY).
Repurchased $41.4M (Q4) and $74.2M (FY) convertible notes for $23.3M and $36.5M respectively.
Ecommerce wind-down expected substantially complete by end of Q1 2024; sold nearly all used vehicle inventory; repaid Ally Floorplan Facility.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vroom, Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: net income $(141.3) million and $(365.5) million net loss for the fourth quarter and full year, respectively.

Period: fourth quarter and fiscal year ended December 31, 2023
Net income: $(141.3) million and $(365.5) million net loss for the fourth quarter and full year, respectively
Result: reported results

Exact text from the filing

Vroom, Inc. (Nasdaq:VRM) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-030755

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