Vroom (VRM) Company Report

Vroom, Inc.'s wholly owned subsidiary, United Auto Credit Corporation (UACC), completed an Asset-Backed Securitization (ABS) Transaction on February 5, 2026, creating material long-term obligations for UACC.
As part of this transaction, UACC sold approximately $274,893,097 of subprime motor vehicle retail installment sales contracts.
A special purpose trust issued $225,000,000 in asset-backed notes, with interest rates ranging from 4.41% to 7.77%, secured by these receivables.
UACC will act as the servicer for the receivables, receiving a base monthly servicing fee of 3.25% of the aggregate principal balance.

20 hours ago

Vroom Subsidiary Raises $22.5 Million Through Preferred Unit Issuance

VRM

Convertible Preferred Issuance

On January 16, 2026, Vroom Automotive LLC, a subsidiary of Vroom, Inc., issued 15,000 Series A preferred units and 7,500 Series B preferred units to SPE Holdings 2026-1 for aggregate gross proceeds of $22,500,000.
The Series A Preferred Units will receive a quarterly preferential distribution equal to the liquidation preference multiplied by the 90-day average of SOFR plus 8.25%, while Series B Preferred Units will receive the 90-day average of SOFR plus 9%.
Series B Preferred Units are convertible into common units of Vroom Automotive at the option of the Counterparty, but Series A Preferred Units are not convertible.
Vroom Automotive expects to use the proceeds from the transaction for Vroom, Inc.'s general corporate purposes.

Jan 21, 2026, 12:31 PM

Vroom Enters Note Purchase Agreement for $10.5 Million

VRM

Debt Issuance

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.