Vroom, Inc. (Nasdaq: VRM) released its financial results for the quarter ended September 30, 2026, reporting a net loss of $9.8 million for the period. The company reported $91.1 million in stockholders' equity and $80.2 million in tangible book value as of September 30, 2026.
The company’s total available liquidity stood at $64.2 million as of September 30, 2026. This liquidity is composed of $33.0 million in cash and cash equivalents, $4.2 million available under warehouse credit facilities, and $27.0 million available from a delayed draw facility.
Management noted that the net loss for the third quarter of 2026 improved by $16.9 million year-over-year. This improvement was primarily attributed to lower mark-to-market losses resulting from the company’s rebuilt internal customer scoring model, which was implemented in September 2025. However, the company also reported a $10.4 million quarter-over-quarter increase in net loss. This increase was driven by higher mark-to-market losses due to seasonality, rising interest rates, and higher lifetime loss expectations on legacy vehicle vintages.
During the third quarter, Vroom strengthened its balance sheet by issuing preferred stock units in its subsidiary, Vroom Automotive, for gross proceeds of $20 million. Additionally, on October 15, 2026, the company completed its 19th securitization transaction, issuing approximately $234.2 million in aggregate principal amount of fixed-rate asset-backed securities.
Based on the third quarter results, the company updated its full year 2026 guidance. Vroom now expects indirect origination volume between $460 million and $485 million and adjusted net loss guidance between $30 million and $35 million.
