Vroom Q1 2025: $(6.7M) adj. net loss; recap eliminates long-term debt

Vroom, Inc.

2025-Q1 EPS reported -$1.23

Net income from continuing ops: $(6.5)M (Jan 15-Mar 31) and $45.1M (Jan 1-15).
Adjusted net loss for combined quarter: $(6.7)M.
Total available liquidity $66.9M: $14.6M cash, $27.3M warehouse, $25.0M residual line.
Completed convertible notes recap Jan 14; no long-term debt; equity $158.6M.
Extended $400M warehouse agreements; closed 17th securitization issuing $324M notes.

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