Vroom reported Q2 2026 profitability for the first time, posting GAAP net income of $0.6 million and adjusted net income of $1.5 million on $40.29 million in revenue. The company strengthened its balance sheet with $63.9 million liquidity and issued $50 million of new senior secured notes due 2032. Guidance calls for indirect origination of $475-515 million in 2026, supporting momentum.
Vroom filed for Chapter 11 bankruptcy, seeking debt relief. The company aims to emerge debt-free by late 2024 or early 2025. No subsidiaries, like UACC, will file for bankruptcy. Vroom ended its eCommerce used automotive dealer business in April. The FTC settlement came after allegations of customer deception.
