Vroom, Inc. (Nasdaq: VRM) reported a net loss of $(27.1) million for the third quarter of 2025, an improvement of $94.3 million from the previous year. The company had $59.2 million in total liquidity as of September 30, 2025, with $12.4 million in cash and cash equivalents. Adjusted net loss was $(25.7) million for the quarter. Stockholders’ equity was $126.6 million. Full-year expectations align with original adjusted net loss plan of $(56) million.

Vroom’s focus on their Long-Term Strategic Plan drove a decrease in net loss and adjusted net loss for the third quarter of 2025. The company improved its business intelligence engine and modernized its credit decision engine during this period.

Vroom underwent a voluntary restructuring in January 2025, resulting in fresh-start accounting. Assets and liabilities were recorded at estimated fair values post-restructuring, impacting financial statements. The company’s financial results are split into Predecessor and Successor periods for comparability. Non-GAAP Combined results are provided for the nine months ended September 30, 2025.

Financial results for the third quarter of 2025 show a net interest loss of $11.7 million after factoring in realized and unrealized losses. Noninterest income totaled $9.5 million, offset by $24.8 million in expenses. The company reported a net loss of $(27.1) million for the quarter, with stockholders’ equity at $126.6 million.

The UACC segment saw a decrease in net interest income after losses, as well as a slight increase in noninterest income. Total expenses decreased by 38.5%, resulting in an adjusted net loss of $(25.8) million. Stock compensation expenses increased by 33.3% year-over-year.

CarStory, a subsidiary of Vroom, experienced a significant decline in noninterest income, leading to an adjusted net loss of $(72) thousand for the third quarter of 2025. Stock compensation expenses decreased by 20.6% compared to the previous year.

Vroom’s consolidated balance sheet as of September 30, 2025, reflects total assets of $949.2 million and total liabilities of $822.6 million. The company reported a net loss of $(26.8) million for the quarter, with a weighted-average number of shares outstanding of 5,199,581.

Vroom’s consolidated statements of cash flows show a net increase in cash, cash equivalents, and restricted cash of $5.9 million for the third quarter of 2025. Cash paid for interest totaled $35.1 million, with no cash paid for income taxes during this period.

Read more at GlobeNewswire: Vroom Announces Third Quarter 2025 Results