Vroom (VRM) Company Report

Vroom, Inc. entered into a Note Purchase Agreement with Robert J. Mylod, Jr., the Independent Executive Chair of its board of directors, on November 25, 2025.
The agreement involves the issuance of Senior Secured Delayed Draw Notes due 2026 with a maximum aggregate principal commitment of $10,500,000.
An initial issuance of $5,000,000 of these notes will bear interest at Term SOFR (three-month tenor) plus 7.50%, payable quarterly in arrears, and are secured by the Company's assets.
The Notes mature on November 25, 2026, and the proceeds will be used for working capital and general corporate purposes.

Nov 26, 2025, 9:16 PM

Vroom Announces Third Quarter 2025 Results

VRM

Earnings

Guidance Update

Vroom reported a net loss from continuing operations of $(27.1) million and an adjusted net loss of $(25.7) million for the third quarter ended September 30, 2025.
As of September 30, 2025, the company's consolidated total available liquidity was $59.2 million, which included $12.4 million in cash and cash equivalents, $11.8 million of liquidity available to UACC under warehouse credit facilities, and $35.0 million from a delayed draw facility.
Vroom's full-year expectations for adjusted net loss are consistent with its original plan of approximately $(56) million.
Stockholders' equity stood at $126.6 million and tangible book value was $113.8 million as of September 30, 2025.

Nov 10, 2025, 9:12 PM

Vroom, Inc. Amends Credit Agreement to Increase Facility Amount

VRM

Debt Issuance

Vroom, Inc. (VRM) amended its Credit Agreement on October 9, 2025, increasing the "Maximum Facility Amount" from $25,000,000 to $35,000,000, effective September 30, 2025.
As of September 30, 2025, the Borrowers, including Vroom, Inc., had not drawn against the Facility.

Oct 10, 2025, 9:01 PM

Vroom, Inc. Sells $10 Million in Convertible Notes

VRM

Debt Issuance

Unregistered Sales of Equity Securities

Vroom, Inc. entered into a Note Purchase Agreement on August 29, 2025, for the issuance and sale of 5.000% Convertible Senior Notes due 2030.
The company sold an aggregate principal amount of $10,000,000 of these notes in a private placement to Annox Capital, LLC and Robert J. Mylod, Jr..
The notes are immediately convertible into Vroom's common stock at a price of $35 per share.
This transaction was conducted in reliance on exemptions from registration under the Securities Act.

Aug 29, 2025, 8:33 PM

Vroom Subsidiaries Amend Warehouse Credit Facility

VRM

Debt Issuance

Vroom, Inc.'s wholly-owned subsidiaries, United Auto Credit Corporation and United Auto Financing Trust V, amended their revolving Warehouse Credit Facility on August 29, 2025.
The amendment renewed the facility, extending its maturity date to July 25, 2027, and established a funding termination date of August 28, 2026.
Key changes include a reduced advance rate and increased tangible net worth and minimum liquidity requirements, though the aggregate borrowing capacity remains unchanged.