Vroom, Inc.VRMEarnings & Financial Report
Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.
Revenue
$208.9M
Gross Profit
$29.5M
Operating Profit
$-77.6M
Net Profit
$24.8M
Gross Margin
14.1%
Operating Margin
-37.2%
Net Margin
11.9%
YoY Growth
-77.6%
Vroom, Inc. Q4 FY2022 Financial Summary
Vroom, Inc. reported revenue of $208.9M (down 77.6% YoY) for Q4 FY2022, with a net profit of $24.8M (up 119.1% YoY) (11.9% margin). Cost of goods sold was $179.4M, operating expenses totaled $107.1M.
Key Financial Metrics
| Total Revenue | $208.9M |
|---|---|
| Net Profit | $24.8M |
| Gross Margin | 14.1% |
| Operating Margin | -37.2% |
| Report Period | Q4 FY2022 |
Vroom, Inc. Annual Revenue by Year
Vroom, Inc. annual revenue history includes year-by-year totals (for example, 2023 revenue was $893.2M).
| Year | Annual Revenue |
|---|---|
| 2023 | $893.2M |
| 2022 | $1.9B |
Vroom, Inc. Quarterly Revenue & Net Profit History
Vroom, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2023 | $235.9M | +12.9% | $-141.1M | -59.8% |
| Q3 FY2023 | $235.6M | -30.9% | $-82.7M | -35.1% |
| Q2 FY2023 | $225.2M | -52.6% | $-66.0M | -29.3% |
| Q1 FY2023 | $196.5M | -78.7% | $-74.7M | -38.0% |
| Q4 FY2022 | $208.9M | -77.6% | $24.8M | 11.9% |
| Q3 FY2022 | $340.8M | -62.0% | $-51.1M | -15.0% |
| Q2 FY2022 | $475.4M | -37.6% | $-115.1M | -24.2% |
| Q1 FY2022 | $923.8M | +56.3% | $-310.5M | -33.6% |
Income Statement
| Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $923.8M | $475.4M | $340.8M | $208.9M | $196.5M | $225.2M | $235.6M | $235.9M |
| YoY Growth | 56.3% | -37.6% | -62.0% | -77.6% | -78.7% | -52.6% | -30.9% | 12.9% |
Balance Sheet
| Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.34B | $2.14B | $1.81B | $1.62B | $1.65B | $1.59B | $1.65B | $1.48B |
| Liabilities | $1.73B | $1.65B | $1.36B | $1.14B | $1.25B | $1.25B | $1.39B | $1.35B |
| Equity | $608.4M | $495.1M | $445.1M | $479.8M | $407.1M | $343.4M | $263.6M | $127.7M |
Cash Flow
| Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-15.1M | $-122.4M | $114.4M | $-86.0M | $-85.0M | $-147.1M | $-193.5M | $-108.1M |