Vroom, Inc. (VRM) has reported its financial results for the year ended December 31, 2025, marking a period of significant transition following its emergence from a prepackaged Chapter 11 bankruptcy on January 14, 2025. The company's net loss from continuing operations was $54.0 million, compared to a net loss of $138.2 million in the prior year. This includes a net income from discontinued operations of $0.996 million, compared to a net loss of $26.9 million in the prior year. The company's total assets were valued at $937.4 million, while total liabilities amounted to $820.8 million.
A key strategic shift for Vroom was the completion of its Ecommerce Wind-Down, focusing its resources on its remaining businesses, United Auto Credit Corporation (UACC) and CarStory. UACC's interest income decreased to $178.8 million from $201.8 million in the prior year, while realized and unrealized losses, net of recoveries, increased to $104.1 million from $119.9 million. CarStory's revenue decreased to $7.3 million from $11.6 million in the prior year. The company's operating expenses decreased significantly, with compensation and benefits dropping to $73.0 million from $97.3 million, and depreciation and amortization decreasing to $4.4 million from $29.1 million.
Vroom is executing a Long-Term Strategic Plan aimed at improving profitability through four key initiatives: building a world-class lending program at UACC, enhancing its sales and marketing program, achieving operational excellence in originations, and improving servicing effectiveness. As part of this plan, UACC launched a proprietary automated underwriting decision engine in June 2025 and a redeveloped custom credit-scoring model in September 2025. The company is also modernizing UACC's online dealer portal and integrating AI agents into its funding process.
Looking ahead, Vroom's liquidity position includes $10.4 million in cash and cash equivalents and $55.9 million in restricted cash as of December 31, 2025. UACC has three Warehouse Credit Facilities with an aggregate borrowing capacity of $600 million, expiring in June 2026, August 2026, and April 2027, respectively. The company is in discussions with lenders to extend these facilities. In January 2026, Vroom Automotive, LLC issued Series A and Series B preferred units for $22.5 million in gross proceeds. The company is focused on improving UACC's cumulative net loss, origination cost per funded contract, servicing cost per contract, and fixed costs to return the business to profitability.
About Vroom, Inc.
Vroom, Inc. is a holding company operating through subsidiaries, primarily UACC and CarStory. UACC provides vehicle financing to consumers via third-party dealers, focusing on non-prime markets, while CarStory offers AI-powered analytics and digital tools for automotive retail. The company shifted from ecommerce to focus on financing and data services, serving automotive dealers and financial institutions in a competitive industry.
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