Vroom (VRM) investor relations material

Executive summary

• Achieved positive net income and adjusted net income for the first time in company history in Q2 2026, reflecting progress on the long-term strategic plan and benefits from a refreshed internal customer scoring model at UACC.

• Continued focus on non-prime auto lending, technology-driven risk management, and eCommerce automotive solutions.

• Amended and Restated Warehouse Agreements for UACC Auto Financing Trust IV and V provide the legal and operational framework for UACC’s warehouse credit facilities, supporting the financing of auto loan receivables through secured borrowing structures.

• Strengthened balance sheet by exchanging $28.5 million of existing notes for $50 million in new Senior Secured Delayed Draw Convertible Notes due 2032, extending financial runway.

Financial highlights

• Q2 2026 net income from continuing operations: $0.6M; adjusted net income: $1.5M; compared to a net loss of $8.5M in Q2 2025.

• Q2 2026 net loss attributable to controlling interest and common shareholders: $(0.06)M, a 99.3% improvement year-over-year.

• Trailing 12-month adjusted net income improved by $20M year-over-year, from $(73)M to $(53)M.

• Gross serviced portfolio decreased year-over-year to $923M, reflecting amortization of legacy assets.

• Net interest income after losses and recoveries rose 59.9% year-over-year to $20.96M; total expenses decreased 5.5% to $29.1M.

Outlook and guidance

• Full year 2026 guidance: indirect origination volume of $475–$515M; adjusted net loss of $(25)–$(30)M.

• Management expects continued improvement in credit performance and benefits from refreshed internal scoring models.