$VRMMQ
Vroom, Inc.

2022 Q4 Form 10-Q Financial Statement

#000095017022022672 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $209.3M $340.8M $896.8M
YoY Change -77.6% -62.0% 177.63%
Cost Of Revenue $179.9M $273.5M $838.7M
YoY Change -79.78% -67.39% 181.85%
Gross Profit $29.46M $67.33M $58.09M
YoY Change -34.11% 15.91% 128.29%
Gross Profit Margin 14.07% 19.76% 6.48%
Selling, General & Admin $90.76M $134.6M $148.7M
YoY Change -45.44% -9.46% 143.29%
% of Gross Profit 308.09% 199.97% 256.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.70M $9.995M $3.469M
YoY Change 187.84% 188.12% 189.08%
% of Gross Profit 36.33% 14.84% 5.97%
Operating Expenses $101.3M $134.6M $148.7M
YoY Change -40.38% -9.46% 143.29%
Operating Profit -$71.86M -$78.16M -$94.01M
YoY Change -42.62% -16.85% 154.94%
Interest Expense -$5.704M $9.704M $7.028M
YoY Change 36.62% 38.08% 211.11%
% of Operating Profit
Other Income/Expense, Net -$16.28M -$5.383M $10.00K
YoY Change -232728.57% -53930.0% -61.54%
Pretax Income $27.17M -$50.23M -$98.09M
YoY Change -120.99% -48.8% 159.39%
Income Tax $2.405M $899.0K $29.00K
% Of Pretax Income 8.85%
Net Earnings $24.77M -$51.13M -$98.12M
YoY Change -119.08% -47.89% 159.24%
Net Earnings / Revenue 11.83% -15.0% -10.94%
Basic Earnings Per Share -$0.37 -$0.72
Diluted Earnings Per Share $0.18 -$0.37 -$717.4K
COMMON SHARES
Basic Shares Outstanding 138.2M 138.1M 136.8M
Diluted Shares Outstanding 138.1M 136.8M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $398.9M $509.7M $1.327B
YoY Change -64.77% -61.58% 14.22%
Cash & Equivalents $398.9M $509.7M $1.327B
Short-Term Investments
Other Short-Term Assets $131.4M $152.9M $132.0M
YoY Change -4.87% 15.85% 197.89%
Inventory $320.6M $437.8M $601.8M
Prepaid Expenses
Receivables $13.97M $23.73M $89.90M
Other Receivables $355.2M $248.4M $0.00
Total Short-Term Assets $1.220B $1.372B $2.150B
YoY Change -41.96% -36.17% 39.73%
LONG-TERM ASSETS
Property, Plant & Equipment $50.20M $50.52M $30.56M
YoY Change 35.52% 65.32% 25.24%
Goodwill $0.00 $0.00 $158.8M
YoY Change -100.0% -100.0% 103.16%
Intangibles $158.9M $165.7M $29.76M
YoY Change 463.37% 456.64%
Long-Term Investments
YoY Change
Other Assets $26.00M $29.54M $23.25M
YoY Change 3.88% 27.04% 73.51%
Total Long-Term Assets $398.9M $436.5M $259.4M
YoY Change 50.84% 68.28% 123.41%
TOTAL ASSETS
Total Short-Term Assets $1.220B $1.372B $2.150B
Total Long-Term Assets $398.9M $436.5M $259.4M
Total Assets $1.619B $1.809B $2.410B
YoY Change -31.59% -24.93% 45.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.70M $36.80M $59.52M
YoY Change -34.09% -38.17% 101.09%
Accrued Expenses $76.80M $103.9M $104.7M
YoY Change -36.8% -0.76% 389.22%
Deferred Revenue $10.66M $16.31M $64.09M
YoY Change -85.94% -74.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $47.24M $54.65M $441.5M
YoY Change -90.79% -87.62% 77.3%
Total Short-Term Liabilities $703.3M $719.7M $743.6M
YoY Change -14.98% -3.2% 103.99%
LONG-TERM LIABILITIES
Long-Term Debt $402.2M $607.8M $609.8M
YoY Change -34.14% -0.33%
Other Long-Term Liabilities $18.18M $15.70M $4.204M
YoY Change 344.57% 273.36% -66.63%
Total Long-Term Liabilities $420.3M $623.5M $4.204M
YoY Change -31.62% 14730.78% -66.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $703.3M $719.7M $743.6M
Total Long-Term Liabilities $420.3M $623.5M $4.204M
Total Liabilities $1.144B $1.364B $1.369B
YoY Change -21.2% -0.37% 263.01%
SHAREHOLDERS EQUITY
Retained Earnings -$1.601B -$1.625B -$1.019B
YoY Change 39.34% 59.52%
Common Stock $2.076B $2.071B $2.060B
YoY Change 0.58% 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $475.2M $445.1M $1.041B
YoY Change
Total Liabilities & Shareholders Equity $1.619B $1.809B $2.410B
YoY Change -31.59% -24.93% 45.6%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $24.77M -$51.13M -$98.12M
YoY Change -119.08% -47.89% 159.24%
Depreciation, Depletion And Amortization $10.70M $9.995M $3.469M
YoY Change 187.84% 188.12% 189.08%
Cash From Operating Activities -$85.96M $114.4M -$173.6M
YoY Change -64.66% -165.91% -5.06%
INVESTING ACTIVITIES
Capital Expenditures $4.266M -$3.922M -$9.843M
YoY Change -144.31% -60.15% 410.0%
Acquisitions
YoY Change
Other Investing Activities $21.32M $49.23M $270.0K
YoY Change 18131.85%
Cash From Investing Activities $17.06M $45.30M -$9.573M
YoY Change -277.18% -573.25% 396.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -63.05M -242.1M 78.61M
YoY Change -188.16% -408.03% -88.79%
NET CHANGE
Cash From Operating Activities -85.96M 114.4M -173.6M
Cash From Investing Activities 17.06M 45.30M -9.573M
Cash From Financing Activities -63.05M -242.1M 78.61M
Net Change In Cash -132.0M -82.42M -104.6M
YoY Change -27.23% -21.19% -120.25%
FREE CASH FLOW
Cash From Operating Activities -$85.96M $114.4M -$173.6M
Capital Expenditures $4.266M -$3.922M -$9.843M
Free Cash Flow -$90.23M $118.3M -$163.8M
YoY Change -61.37% -172.26% -9.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Goodwill
Goodwill
78172000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
80645000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
42886000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
201703000
CY2022Q3 us-gaap Goodwill
Goodwill
0
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Central Index Key
EntityCentralIndexKey
0001580864
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Type
DocumentType
10-Q
us-gaap Inventory Write Down
InventoryWriteDown
5625000
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39315
dei Entity Registrant Name
EntityRegistrantName
VROOM, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
90-1112566
dei Entity Address Address Line1
EntityAddressAddressLine1
3600 W Sam Houston Pkwy S
dei Entity Address Address Line2
EntityAddressAddressLine2
Floor 4
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77042
dei City Area Code
CityAreaCode
518
dei Local Phone Number
LocalPhoneNumber
535-9125
dei Security12b Title
Security12bTitle
Common Stock, $0.001 par value
dei Trading Symbol
TradingSymbol
VRM
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
138173418
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
509660000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1132325000
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
94305000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
82450000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
26700000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8900000
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
23733000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
105433000
CY2022Q3 vrm Finance Receivables At Fair Value Current
FinanceReceivablesAtFairValueCurrent
13644000
CY2022Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
210729000
CY2022Q3 us-gaap Inventory Net
InventoryNet
437828000
CY2021Q4 us-gaap Inventory Net
InventoryNet
726384000
CY2022Q3 vrm Beneficial Interests In Securitizations
BeneficialInterestsInSecuritizations
23984000
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
58576000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
55700000
CY2022Q3 us-gaap Assets Current
AssetsCurrent
1372459000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
2102292000
CY2022Q3 vrm Finance Receivables At Fair Value Noncurrent
FinanceReceivablesAtFairValueNoncurrent
166382000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50520000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37042000
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
165668000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
538000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
28207000
CY2021Q4 us-gaap Goodwill
Goodwill
158817000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1652000
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
16313000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
75803000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
915194000
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1808960000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2366750000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8268000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6889000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24392000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15359000
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
29539000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
25033000
CY2022Q3 us-gaap Assets
Assets
1808960000
CY2021Q4 us-gaap Assets
Assets
2366750000
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
36800000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
52651000
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
103903000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
121508000
CY2022Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
345272000
CY2021Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
512801000
CY2022Q3 vrm Warehouse Credit Facilities Current
WarehouseCreditFacilitiesCurrent
135453000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
54652000
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19061000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
57604000
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
719722000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
827256000
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
607790000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
610618000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20620000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9592000
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
15696000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4090000
CY2022Q3 us-gaap Liabilities
Liabilities
1363828000
CY2021Q4 us-gaap Liabilities
Liabilities
1451556000
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
138154063
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
138154063
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
137092891
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
137092891
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
135000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
135000
CY2022Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2070454000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2063841000
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1625457000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1148782000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
445132000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-78162000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
340797000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
896756000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-94005000
us-gaap Operating Income Loss
OperatingIncomeLoss
-494154000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4600000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1739552000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1017000
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1017000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
206127000
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2249764000
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
273466000
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
838667000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1524224000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2092371000
CY2022Q3 us-gaap Gross Profit
GrossProfit
67331000
CY2021Q3 us-gaap Gross Profit
GrossProfit
58089000
us-gaap Gross Profit
GrossProfit
215328000
us-gaap Gross Profit
GrossProfit
157393000
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
134643000
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
148718000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
475627000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
381482000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9833000
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3376000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
27728000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9276000
us-gaap Operating Income Loss
OperatingIncomeLoss
-233365000
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
37917000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
37917000
CY2022Q3 us-gaap Interest Expense
InterestExpense
9704000
CY2021Q3 us-gaap Interest Expense
InterestExpense
7028000
us-gaap Interest Expense
InterestExpense
28617000
us-gaap Interest Expense
InterestExpense
14720000
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
5104000
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2930000
us-gaap Investment Income Interest
InvestmentIncomeInterest
12991000
us-gaap Investment Income Interest
InvestmentIncomeInterest
7288000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5383000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-26897000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
58000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-50228000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-98093000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-498760000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-240739000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
899000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22085000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
379000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-51127000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-98122000
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.77
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.77
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138118679
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1560000
us-gaap Net Income Loss
NetIncomeLoss
-476675000
us-gaap Net Income Loss
NetIncomeLoss
-241118000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-65807000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1136746000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138118679
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1542000
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
704000
CY2021Q3 vrm Stock Cancelled Value To Satisfy Working Capital Adjustment Related To Acquisition
StockCancelledValueToSatisfyWorkingCapitalAdjustmentRelatedToAcquisition
-219000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4717000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136766015
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136766015
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137817839
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137817839
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136256901
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136256901
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1227102000
CY2021Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
39030000
CY2021Q1 vrm Adjustments To Additional Paid In Capital Fair Value Of Unvested Stock Options Assumed For Acquisition
AdjustmentsToAdditionalPaidInCapitalFairValueOfUnvestedStockOptionsAssumedForAcquisition
1017000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2820000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2821000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-77189000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1195601000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5392000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-98122000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1040651000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
915194000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3629000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-310459000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
608364000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1776000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-115089000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
495051000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1208000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-51127000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
445132000
us-gaap Profit Loss
ProfitLoss
-476675000
us-gaap Profit Loss
ProfitLoss
-241118000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
206127000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
37917000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28005000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9497000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3777000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1784000
us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
45589000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-23855000
vrm Loss On Finance Receivables And Securitization Debt Net
LossOnFinanceReceivablesAndSecuritizationDebtNet
39464000
us-gaap Share Based Compensation
ShareBasedCompensation
6613000
us-gaap Share Based Compensation
ShareBasedCompensation
9754000
us-gaap Inventory Write Down
InventoryWriteDown
-5033000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4874000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
483167000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-39444000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
38655000
vrm Increase Decrease In Principal Payments Received On Finance Receivables Held For Sale
IncreaseDecreaseInPrincipalPaymentsReceivedOnFinanceReceivablesHeldForSale
38297000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
509612000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
5924000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-63252000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-23102000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-325459000
vrm Payments For Origination Of Finance Receivables At Fair Value
PaymentsForOriginationOfFinanceReceivablesAtFairValue
49475000
vrm Principal Payments Received On Finance Receivables At Fair Value
PrincipalPaymentsReceivedOnFinanceReceivablesAtFairValue
-106829000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
39227000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
32936000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-293589000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
183731000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-12420000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
39356000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2678000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7390000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-22183000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
26144000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-27020000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
43512000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-59490000
us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
43262000
vrm Principal Payments Received On Beneficial Interests
PrincipalPaymentsReceivedOnBeneficialInterests
-5571000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19968000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18786000
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
47900000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
267488000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
75875000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-181269000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94661000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
176909000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1286000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1901457000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1453529000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1789215000
vrm Proceeds From Warehouse Credit Facilities Of Consolidated Variable Interest Entities
ProceedsFromWarehouseCreditFacilitiesOfConsolidatedVariableInterestEntities
419000000
vrm Repayments Of Warehouse Credit Facilities Of Consolidated Variable Interest Entities
RepaymentsOfWarehouseCreditFacilitiesOfConsolidatedVariableInterestEntities
460566000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1977000
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
18458000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
625000000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16129000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5085000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-406439000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
726198000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-610810000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
306078000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1214775000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1090039000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
603965000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1396117000
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28956000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20418000
vrm Issuance Of Common Stock For Acquisition Of Business
IssuanceOfCommonStockForAcquisitionOfBusiness
38811000
us-gaap Interest Paid Net
InterestPaidNet
24619000
us-gaap Interest Paid Net
InterestPaidNet
11116000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2062000
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0003
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0443
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
329000
vrm Fair Value Of Beneficial Interests Received In Securitization Transactions
FairValueOfBeneficialInterestsReceivedInSecuritizationTransactions
30082000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0016
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50520000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37042000
CY2022Q3 vrm Percentage Of Inflation Reduction Act Corporate Alternative
PercentageOfInflationReductionActCorporateAlternative
0.15
CY2022Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
200000
CY2021Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
100000
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"/> </p><p style="text-indent:6.773%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates, assumptions and judgments that affect the reported amounts of assets, liabilities, revenue, and expenses and related disclosures. On an ongoing basis, the Company evaluates its estimates, including, among others, those related to income taxes, the realizability of inventory, stock-based compensation, contingencies, revenue-related reserves, fair value measurements, goodwill, and useful lives of property and equipment and intangible assets. The Company bases its estimates on historical experience, market conditions, and on various other assumptions that are believed to be reasonable. Actual results may differ from these estimates.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> </span></p>
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-51127000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-98122000
us-gaap Net Income Loss
NetIncomeLoss
-476675000
CY2022Q3 vrm Financing Receivable Held For Sale Valuation Allowances
FinancingReceivableHeldForSaleValuationAllowances
6500000
us-gaap Number Of Reporting Units
NumberOfReportingUnits
4
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
300000
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
200000
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
190592000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24924000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;font-style:italic;min-width:fit-content;">Concentration of Credit Risk and Significant Customers</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"/> </p><p style="text-indent:6.773%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">The Company’s principal financial instruments subject to potential concentration of credit risk are cash and cash equivalents and accounts receivable, which are unsecured. The Company’s cash balances are maintained at various large, reputable financial institutions. Deposits held with financial institutions may at times exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and, therefore, management believes they bear minimal risk. The Company’s cash equivalents primarily consist of money market funds that hold investments in highly liquid U.S. treasury securities and commercial paper investments. Concentration of credit risk with respect to accounts receivable is generally mitigated by a large customer base.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> </span></p><p style="text-indent:6.773%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"/> </p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">For the three and nine months ended September 30, 2022 and 2021, no customer represented 10% or more of the Company’s revenues and no customer represented more than 10% of the Company’s accounts receivable as of September 30, 2022 and December 31, 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">.</span>
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
165668000
CY2022Q3 vrm Reserve For Chargebacks
ReserveForChargebacks
8900000
CY2021Q4 vrm Reserve For Chargebacks
ReserveForChargebacks
9600000
CY2022Q3 vrm Cumulative Profit Sharing Payment Recognized
CumulativeProfitSharingPaymentRecognized
22000000.0
CY2021Q4 vrm Cumulative Profit Sharing Payment Recognized
CumulativeProfitSharingPaymentRecognized
17900000
us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34592000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6385000
CY2020Q4 us-gaap Goodwill
Goodwill
78172000
vrm Proforma Adjustments Related To Non Recurring Acquisition Related Cost
ProformaAdjustmentsRelatedToNonRecurringAcquisitionRelatedCost
5700000
vrm Non Recurring Tax Adjustment Benefit
NonRecurringTaxAdjustmentBenefit
24100000
vrm Non Recurring Tax Adjustment Benefit
NonRecurringTaxAdjustmentBenefit
32500000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28207000
CY2022Q3 vrm Vehicles
Vehicles
434952000
CY2021Q4 vrm Vehicles
Vehicles
724542000
CY2022Q3 vrm Parts And Accessories
PartsAndAccessories
2876000
CY2021Q4 vrm Parts And Accessories
PartsAndAccessories
1842000
CY2022Q3 us-gaap Inventory Net
InventoryNet
437828000
CY2021Q4 us-gaap Inventory Net
InventoryNet
726384000
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
17300000
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
22400000
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
79476000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
57460000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
80645000
CY2021Q3 us-gaap Goodwill
Goodwill
158817000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6800000
CY2021Q4 us-gaap Goodwill
Goodwill
158817000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1600000
CY2021Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
386100000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-50228000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
42886000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
201703000
CY2022Q3 us-gaap Goodwill
Goodwill
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
201700000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6755000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
27022000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
27022000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
27022000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
21979000
CY2022Q3 vrm Accrued Vehicle Related Expenses Current
AccruedVehicleRelatedExpensesCurrent
25035000
CY2021Q4 vrm Accrued Vehicle Related Expenses Current
AccruedVehicleRelatedExpensesCurrent
36459000
CY2022Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
10268000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
39163000
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28064000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16150000
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5443000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4225000
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
27191000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7965000
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
103903000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
121508000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
27728000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
201700000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
190592000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24924000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
165668000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34592000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6385000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28207000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6800000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1600000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4600000
us-gaap Net Income Loss
NetIncomeLoss
-241118000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138118679
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6755000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
27022000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
27022000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
27022000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
21979000
CY2022Q3 vrm Finite Lived Intangible Assets Amortization Expense Rolling After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFour
55868000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
165668000
CY2022Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
7902000
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
17546000
CY2022Q3 vrm Accrued Vehicle Related Expenses Current
AccruedVehicleRelatedExpensesCurrent
25035000
CY2021Q4 vrm Accrued Vehicle Related Expenses Current
AccruedVehicleRelatedExpensesCurrent
36459000
CY2022Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
10268000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
39163000
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28064000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16150000
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5443000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4225000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7965000
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
103903000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
121508000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9276000
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1017000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
206127000
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
37917000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138118679
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136766015
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
37917000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136766015
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137817839
CY2022Q3 us-gaap Interest Expense
InterestExpense
9704000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137817839
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136256901
CY2022Q3 vrm Vehicle Payable Current
VehiclePayableCurrent
6238000
CY2021Q4 vrm Vehicle Payable Current
VehiclePayableCurrent
30647000
CY2022Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
9601000
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
26522000
CY2022Q3 vrm Other Current
OtherCurrent
3222000
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19061000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
57604000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
54652000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
662442000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
610618000
CY2022Q3 vrm Debt Instrument Initial Principal Amount
DebtInstrumentInitialPrincipalAmount
127270000
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
98484000
CY2022Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
95494000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
15100000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
45700000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25700000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
11500000
CY2003Q3 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Noncurrent
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrustNoncurrent
10000000.0
CY2022Q3 vrm Vehicle Payable Current
VehiclePayableCurrent
6238000
CY2021Q4 vrm Vehicle Payable Current
VehiclePayableCurrent
30647000
CY2022Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
9601000
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
26522000
CY2022Q3 vrm Other Current
OtherCurrent
3222000
CY2021Q4 vrm Other Current
OtherCurrent
435000
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19061000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
57604000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
54652000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
607790000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
610618000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
662442000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
610618000
CY2022Q3 vrm Debt Instrument Initial Principal Amount
DebtInstrumentInitialPrincipalAmount
127270000
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
98484000
CY2022Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
95494000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
15100000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
45700000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25700000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
11500000
CY2003Q3 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Noncurrent
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrustNoncurrent
10000000.0
CY2022Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
210729000
CY2022Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
214572000
CY2021Q4 vrm Finance Receivables Held For Sale Carrying Value
FinanceReceivablesHeldForSaleCarryingValue
0
CY2021Q4 vrm Finance Receivables Held For Sale Fair Value
FinanceReceivablesHeldForSaleFairValue
0
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
On June 11, 2020, the Company amended its certificate of incorporation to effect a 2-for-1 forward stock split of shares of the Company’s outstanding common stock, such that each share of common stock, $0.001 par value became two shares of common stock, $0.001 par value per share.
CY2020Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
5483716
CY2022Q2 vrm Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Fair Value Of Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsFairValueOfCommonStock
1.14
CY2022Q2 vrm Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Fair Value Of Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsFairValueOfCommonStock
0.83
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0278
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0305
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2022Q3 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-2857000
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-24010000
CY2022Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
556638000
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
5483716
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0278
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0305
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2022Q3 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-2857000
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-24010000
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
610618000
CY2022Q3 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
175925000
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2021Q4 vrm Finance Receivables Held For Sale Fair Value
FinanceReceivablesHeldForSaleFairValue
0
CY2022Q3 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
175925000
CY2021Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
386100000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2022Q3 vrm Segment Assets
SegmentAssets
0
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
340797000
CY2022Q3 us-gaap Gross Profit
GrossProfit
67331000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
896756000
CY2021Q3 us-gaap Gross Profit
GrossProfit
58089000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1739552000
us-gaap Gross Profit
GrossProfit
215328000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2249764000
us-gaap Gross Profit
GrossProfit
157393000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
340797000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
896756000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1739552000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2249764000
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
134643000
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
148718000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
475627000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
381482000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9833000
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3376000
CY2021Q3 us-gaap Interest Expense
InterestExpense
7028000
us-gaap Interest Expense
InterestExpense
28617000
us-gaap Interest Expense
InterestExpense
14720000
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2930000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2022Q3 vrm Segment Assets
SegmentAssets
0
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
340797000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
896756000
us-gaap Gross Profit
GrossProfit
215328000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
340797000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
896756000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1739552000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2249764000
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
134643000
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
148718000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
475627000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
381482000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9833000
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3376000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
27728000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9276000
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1017000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
206127000
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
37917000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
37917000
CY2022Q3 us-gaap Interest Expense
InterestExpense
9704000
CY2021Q3 us-gaap Interest Expense
InterestExpense
7028000
us-gaap Interest Expense
InterestExpense
28617000
us-gaap Interest Expense
InterestExpense
14720000
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
5104000
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2930000
us-gaap Investment Income Interest
InvestmentIncomeInterest
12991000
us-gaap Investment Income Interest
InvestmentIncomeInterest
7288000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-26897000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
58000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-50228000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-98093000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-498760000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-240739000
us-gaap Investment Income Interest
InvestmentIncomeInterest
12991000
us-gaap Investment Income Interest
InvestmentIncomeInterest
7288000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5383000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-26897000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
58000
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0179
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-98093000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-498760000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-240739000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136256901
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.77
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22284392
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17463721
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0179
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0003
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q3 vrm Percentage Of Inflation Reduction Act Corporate Alternative
PercentageOfInflationReductionActCorporateAlternative
0.15
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-51127000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-98122000
us-gaap Net Income Loss
NetIncomeLoss
-476675000
us-gaap Net Income Loss
NetIncomeLoss
-241118000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138118679
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138118679
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136766015
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136766015
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137817839
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137817839
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136256901
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136256901
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.77
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.77
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22284392
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17463721

Files In Submission

Name View Source Status
0000950170-22-022672-index-headers.html Edgar Link pending
0000950170-22-022672-index.html Edgar Link pending
0000950170-22-022672.txt Edgar Link pending
0000950170-22-022672-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img173405504_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vrm-20220930.htm Edgar Link pending
vrm-20220930.xsd Edgar Link pending
vrm-ex10_1.htm Edgar Link pending
vrm-ex31_1.htm Edgar Link pending
vrm-ex31_2.htm Edgar Link pending
vrm-ex32_1.htm Edgar Link pending
vrm-ex32_2.htm Edgar Link pending
vrm-20220930_cal.xml Edgar Link unprocessable
vrm-20220930_def.xml Edgar Link unprocessable
vrm-20220930_lab.xml Edgar Link unprocessable
vrm-20220930_pre.xml Edgar Link unprocessable
vrm-20220930_htm.xml Edgar Link completed