VRMWW · As filed with the SEC
Vroom cash flow statement, by fiscal year
The statement as Vroom presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net (loss) income from continuing operations | (54,046,000) | (138,240,000) | (365,540,000) | (451,910,000) | (370,911,000) | (202,799,000) | (142,978,000) | (85,178,000) |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||||
| Impairment charges | 4,156,000 | 5,159,000 | 48,748,000 | 211,873,000 | — | — | — | — |
| Profit share receivable | (554,000) | 11,643,000 | — | — | — | — | — | — |
| Gain on debt extinguishment | — | — | (37,878,000) | (164,684,000) | — | — | 1,031,000 | — |
| Depreciation and amortization | 3,350,000 | 29,086,000 | 43,476,000 | 38,707,000 | 13,215,000 | 4,654,000 | 6,157,000 | 6,932,000 |
| Amortization of debt issuance costs | — | 4,270,000 | 4,598,000 | 4,809,000 | 2,872,000 | 938,000 | 357,000 | 279,000 |
| Realized gains on securitization transactions | — | — | — | (45,589,000) | — | — | — | — |
| Deferred taxes | — | — | 0 | (23,855,000) | — | — | — | — |
| Losses on finance receivables and securitization debt, net | 108,467,000 | 129,601,000 | 114,702,000 | 66,839,000 | — | — | — | — |
| Losses on Warranties and GAP | 7,000,000 | 8,020,000 | — | — | — | — | — | — |
| Stock-based compensation expense | 5,181,000 | 5,885,000 | 10,051,000 | 11,957,000 | 13,409,000 | 13,254,000 | 2,756,000 | 1,158,000 |
| Loss on disposal of property and equipment | — | — | — | — | — | 46,000 | 789,000 | 3,198,000 |
| Provision to record inventory at lower of cost or net realizable value | — | — | (2,360,000) | 1,812,000 | 9,471,000 | 6,588,000 | 2,682,000 | (1,069,000) |
| Revaluation of preferred stock warrant | — | — | — | — | — | 20,470,000 | 769,000 | 174,000 |
| Provision for bad debt | — | — | 4,074,000 | 13,406,000 | — | — | — | — |
| Provision to record finance receivables held for sale at lower of cost or fair value | — | (4,618,000) | 20,566,000 | 6,541,000 | — | — | — | — |
| Amortization of unearned discounts on finance receivables at fair value | — | (15,924,000) | (25,954,000) | (14,593,000) | — | — | — | — |
| Reorganization item | — | 2,438,000 | — | — | — | — | — | — |
| Other, net | (909,000) | (4,595,000) | (17,393,000) | (7,512,000) | 9,619,000 | 2,329,000 | 2,609,000 | — |
| Changes in operating assets and liabilities: | ||||||||
| Originations of finance receivables, held for sale | — | (404,203,000) | (582,170,000) | (625,575,000) | — | — | — | — |
| Principal payments received on finance receivables, held for sale | — | 186,799,000 | 105,858,000 | 64,521,000 | — | — | — | — |
| Proceeds from sale of finance receivables held for sale, net | — | — | — | 509,612,000 | — | — | — | — |
| Other | — | 1,642,000 | (1,606,000) | (7,701,000) | — | — | — | — |
| Accounts receivable | — | — | 754,000 | 78,060,000 | (53,206,000) | (32,068,000) | (18,430,000) | 9,049,000 |
| Inventory | — | — | 159,758,000 | 403,924,000 | (312,208,000) | (224,489,000) | (92,877,000) | 11,902,000 |
| Prepaid expenses and other current assets | — | — | 22,711,000 | 4,146,000 | (32,452,000) | (9,117,000) | (3,935,000) | (2,916,000) |
| Interest receivable | 1,397,000 | 417,000 | — | — | — | — | — | — |
| Other assets | 7,116,000 | 15,323,000 | 3,266,000 | (2,546,000) | (9,172,000) | (4,556,000) | (3,487,000) | (3,105,000) |
| Accounts payable | — | — | (7,940,000) | (24,281,000) | 19,321,000 | 14,066,000 | 4,035,000 | (6,527,000) |
| Accrued expenses | — | — | (24,766,000) | (53,553,000) | 61,170,000 | 28,431,000 | 10,131,000 | 6,291,000 |
| Deferred revenue | — | — | 3,370,000 | (65,148,000) | 50,943,000 | 7,499,000 | 10,902,000 | 860,000 |
| Other liabilities | (3,565,000) | (8,461,000) | (10,009,000) | (38,325,000) | 29,241,000 | 19,500,000 | 5,673,000 | (5,959,000) |
| Net cash provided by (used in) operating activities from continuing operations | 77,593,000 | (175,758,000) | — | — | — | — | — | — |
| Net cash (used in) provided by operating activities from discontinued operations | (2,439,000) | 78,721,000 | — | — | — | — | — | — |
| Net cash provided by (used in) operating activities | 75,154,000 | (97,037,000) | (533,684,000) | (109,065,000) | (568,688,000) | (355,254,000) | (215,636,000) | (64,911,000) |
| Investing activities | ||||||||
| Purchases of finance receivables, held for investment at fair value | (419,742,000) | — | (3,392,000) | (56,484,000) | — | — | — | — |
| Principal payments received on finance receivables at fair value | — | — | 174,748,000 | 132,391,000 | — | — | — | — |
| Proceeds from sale of finance receivables at fair value, net | — | — | — | 43,262,000 | — | — | — | — |
| Principal payments received on finance receivables, held for investment at fair value | 316,753,000 | 115,937,000 | — | — | — | — | — | — |
| Consolidation of VIEs | — | — | 11,409,000 | — | — | — | — | — |
| Principal payments received on beneficial interests | — | — | 5,193,000 | 8,341,000 | — | — | — | — |
| Principal payments received on beneficial interests | 1,240,000 | 2,433,000 | — | — | — | — | — | — |
| Purchase of property and equipment | (7,061,000) | (3,487,000) | (14,805,000) | (24,234,000) | (28,413,000) | (11,329,000) | (3,528,000) | (2,062,000) |
| Proceeds from the sale of property and equipment | — | — | — | — | — | — | — | 14,850,000 |
| Acquisition of business, net of cash acquired of $47.9 million | — | — | — | (267,488,000) | (75,875,000) | — | — | — |
| Net cash (used in) provided by investing activities from continuing operations | (108,810,000) | 114,883,000 | — | — | — | — | — | — |
| Net cash provided by investing activities from discontinued operations | 637,000 | 17,692,000 | — | — | — | — | — | — |
| Net cash (used in) provided by investing activities | (108,173,000) | 132,575,000 | 173,153,000 | (164,212,000) | (104,288,000) | (11,329,000) | (3,528,000) | 12,788,000 |
| Financing activities | ||||||||
| Repayments of long-term debt | — | — | — | — | — | — | (25,000,000) | (5,506,000) |
| Payments of debt extinguishment costs | — | — | — | — | — | — | (685,000) | — |
| Repayments of long-term debt and debt extinguishment costs | — | — | — | — | — | — | (25,685,000) | — |
| Proceeds from borrowings under secured financing agreements | 307,780,000 | 296,046,000 | 261,991,000 | — | — | — | — | — |
| Principal repayment under secured financing agreements | (253,998,000) | (251,529,000) | (208,476,000) | (192,839,000) | — | — | — | — |
| Proceeds from financing of beneficial interests in securitizations | 16,223,000 | 15,821,000 | 24,506,000 | — | — | — | — | — |
| Principal repayments of financing of beneficial interests in securitizations | (13,625,000) | (13,428,000) | (8,698,000) | — | — | — | — | — |
| Proceeds from vehicle floorplan | — | — | 559,331,000 | 1,403,042,000 | 2,713,350,000 | 1,242,736,000 | 992,179,000 | 648,309,000 |
| Repayments of vehicle floorplan | — | — | (685,141,000) | (1,638,855,000) | (2,529,780,000) | (1,086,966,000) | (914,200,000) | (656,194,000) |
| Payment of vehicle floorplan upfront commitment fees | — | — | — | — | — | (2,906,000) | — | — |
| Proceeds from warehouse credit facilities | 333,700,000 | 318,600,000 | 480,100,000 | 520,800,000 | — | — | — | — |
| Repayments of warehouse credit facilities | (378,763,000) | (379,956,000) | (290,483,000) | (467,216,000) | — | — | — | — |
| Repurchases of convertible senior notes | — | — | (36,536,000) | (90,208,000) | — | — | — | — |
| Proceeds from issuance of convertible senior notes | — | — | — | — | 625,000,000 | — | — | — |
| Issuance costs paid for convertible senior notes | — | — | — | — | (16,129,000) | — | — | — |
| Proceeds from the issuance of redeemable convertible preferred stock, net | — | — | — | — | — | 21,694,000 | 227,502,000 | 145,899,000 |
| Repurchase of common stock | — | — | — | — | — | (1,818,000) | (5,824,000) | — |
| Common stock shares withheld to satisfy employee tax withholding obligations | — | — | — | — | — | (2,915,000) | — | — |
| Proceeds from the issuance of common stock in connection with IPO, net of underwriting discount and issuance costs | — | — | — | — | — | 504,024,000 | — | — |
| Payments of costs related to IPO | — | — | — | — | — | (6,791,000) | (723,000) | — |
| Proceeds from exercise of stock options | — | — | — | — | 5,766,000 | 2,341,000 | 1,810,000 | 31,000 |
| Proceeds from issuance of related party note | 10,000,000 | — | — | — | — | — | — | — |
| Proceeds from the issuance of common stock in at-the-market offering, net of offering costs | — | — | 2,399,000 | — | — | 569,471,000 | — | — |
| Payments of costs related to follow-on public offering | — | — | — | — | — | (1,519,000) | — | — |
| Proceeds from related party line of credit | 18,500,000 | — | — | — | — | — | — | — |
| Other financing activities | (1,941,000) | (364,000) | (1,653,000) | (4,212,000) | (495,000) | (316,000) | 183,000 | (164,000) |
| Net cash provided by (used in) financing activities from continuing operations | 37,876,000 | (14,810,000) | — | — | — | — | — | — |
| Net cash used in financing activities from discontinued operations | — | (151,178,000) | — | — | — | — | — | — |
| Net cash provided by (used in) financing activities | 37,876,000 | (165,988,000) | 97,340,000 | (469,488,000) | 797,712,000 | 1,237,035,000 | 275,242,000 | 132,375,000 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 4,857,000 | (130,450,000) | (263,191,000) | (742,765,000) | 124,736,000 | 870,452,000 | 56,078,000 | 80,252,000 |
| Cash, cash equivalents and restricted cash at the beginning of period | 61,441,000 | 208,819,000 | 472,010,000 | 1,214,775,000 | 1,090,039,000 | 219,587,000 | 163,509,000 | 83,257,000 |
| Cash, cash equivalents and restricted cash at the end of period | 66,298,000 | 78,369,000 | 208,819,000 | 472,010,000 | 1,214,775,000 | 1,090,039,000 | 219,587,000 | 163,509,000 |
| Supplemental disclosure of cash flow information: | ||||||||
| Cash paid for interest | 48,524,000 | 57,688,000 | 59,351,000 | 34,907,000 | 15,964,000 | 8,540,000 | 12,607,000 | 7,743,000 |
| Cash paid for professional fees for services rendered in connection with the Chapter 11 proceedings | — | 3,009,000 | — | — | — | — | — | — |
| Cash paid for income taxes | (137,000) | (1,426,000) | 5,363,000 | 2,409,000 | 403,000 | 163,000 | 157,000 | 212,000 |
| Finance receivables from consolidation of 2022-2 securitization transaction | — | — | 180,706,000 | — | — | — | — | — |
| Elimination of beneficial interest from the consolidation of 2022-2 securitization transaction | — | — | 9,811,000 | — | — | — | — | — |
| Securitization debt from consolidation of 2022-2 securitization transaction | — | — | 186,386,000 | — | — | — | — | — |
| Reclassification of finance receivables held for sale to finance receivables at fair value, net | — | — | 248,081,000 | — | — | — | — | — |
| Fair value of beneficial interests received in securitization transactions | — | — | — | 30,082,000 | — | — | — | — |
| Conversion of redeemable convertible preferred stock warrant to common stock warrant | — | — | — | — | — | 21,873,000 | — | — |
| Issuance of common stock as upfront payment to nonemployee | — | — | — | — | — | 2,127,000 | — | — |
| Accrued property and equipment expenditures | — | — | — | — | 760,000 | 97,000 | 200,000 | — |
| Issuance of common stock for CarStory acquisition | — | — | — | — | 38,811,000 | — | — | — |
| Fair value of unvested stock options assumed for acquisition of business | — | — | — | — | 1,017,000 | — | — | — |
| Accretion of redeemable convertible preferred stock | — | — | — | — | — | — | 132,750,000 | 13,036,000 |
| Series H preferred stock issuance costs included in accrued expenses | — | — | — | — | — | — | 5,020,000 | — |
| Initial Public Offering | — | — | — | — | — | — | 1,703,000 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.