2021 Q2 Form 10-Q Financial Statement
#000156459021043465 Filed on August 11, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
Revenue | $761.9M | $253.1M |
YoY Change | 201.03% | -2.99% |
Cost Of Revenue | $698.8M | $245.5M |
YoY Change | 184.64% | -0.63% |
Gross Profit | $63.13M | $7.607M |
YoY Change | 729.87% | -45.06% |
Gross Profit Margin | 8.29% | 3.01% |
Selling, General & Admin | $123.9M | $47.91M |
YoY Change | 158.6% | 9.66% |
% of Gross Profit | 196.26% | 629.83% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $3.118M | $1.090M |
YoY Change | 186.06% | -30.13% |
% of Gross Profit | 4.94% | 14.33% |
Operating Expenses | $123.9M | $47.91M |
YoY Change | 158.6% | 9.66% |
Operating Profit | -$63.83M | -$41.39M |
YoY Change | 54.22% | 32.02% |
Interest Expense | $3.880M | $1.297M |
YoY Change | 199.15% | -61.72% |
% of Operating Profit | ||
Other Income/Expense, Net | $33.00K | $53.00K |
YoY Change | -37.74% | 341.67% |
Pretax Income | -$65.61M | -$63.18M |
YoY Change | 3.86% | 89.33% |
Income Tax | $194.0K | $52.00K |
% Of Pretax Income | ||
Net Earnings | -$65.81M | -$63.23M |
YoY Change | 4.08% | 89.65% |
Net Earnings / Revenue | -8.64% | -24.98% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$482.1K | -$2.000M |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.464B | $651.0M |
YoY Change | 124.82% | |
Cash & Equivalents | $1.501B | $651.0M |
Short-Term Investments | ||
Other Short-Term Assets | $87.10M | $39.70M |
YoY Change | 119.4% | |
Inventory | $520.0M | $141.1M |
Prepaid Expenses | ||
Receivables | $100.5M | $15.29M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.171B | $847.0M |
YoY Change | 156.32% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $21.40M | $9.783M |
YoY Change | 118.72% | |
Goodwill | $159.3M | $78.17M |
YoY Change | 103.79% | |
Intangibles | $297.0K | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $19.81M | $12.47M |
YoY Change | 58.83% | |
Total Long-Term Assets | $249.5M | $116.2M |
YoY Change | 114.8% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.171B | $847.0M |
Total Long-Term Assets | $249.5M | $116.2M |
Total Assets | $2.421B | $963.2M |
YoY Change | 151.31% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $69.81M | $20.13M |
YoY Change | 246.76% | |
Accrued Expenses | $86.33M | $40.90M |
YoY Change | 111.08% | |
Deferred Revenue | $15.49M | |
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $363.6M | $109.8M |
YoY Change | 231.16% | |
Total Short-Term Liabilities | $659.0M | $204.1M |
YoY Change | 222.95% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $609.0M | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $3.584M | $1.965M |
YoY Change | 82.39% | |
Total Long-Term Liabilities | $3.584M | $1.965M |
YoY Change | 82.39% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $659.0M | $204.1M |
Total Long-Term Liabilities | $3.584M | $1.965M |
Total Liabilities | $1.284B | $217.8M |
YoY Change | 489.56% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$920.9M | -$679.4M |
YoY Change | 35.55% | |
Common Stock | $2.057B | $1.425B |
YoY Change | 44.41% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.137B | $745.4M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.421B | $963.2M |
YoY Change | 151.31% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$65.81M | -$63.23M |
YoY Change | 4.08% | 89.65% |
Depreciation, Depletion And Amortization | $3.118M | $1.090M |
YoY Change | 186.06% | -30.13% |
Cash From Operating Activities | -$181.4M | $25.15M |
YoY Change | -821.28% | -127.95% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$5.703M | -$1.430M |
YoY Change | 298.81% | 169.81% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $5.000K | |
YoY Change | ||
Cash From Investing Activities | -$5.708M | -$1.430M |
YoY Change | 299.16% | 169.81% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 721.0M | 446.8M |
YoY Change | 61.35% | 755.18% |
NET CHANGE | ||
Cash From Operating Activities | -181.4M | 25.15M |
Cash From Investing Activities | -5.708M | -1.430M |
Cash From Financing Activities | 721.0M | 446.8M |
Net Change In Cash | 533.9M | 470.6M |
YoY Change | 13.45% | -1329.87% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$181.4M | $25.15M |
Capital Expenditures | -$5.703M | -$1.430M |
Free Cash Flow | -$175.7M | $26.58M |
YoY Change | -761.02% | -129.71% |
Facts In Submission
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us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
625000000 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
16175000 | ||
us-gaap |
Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
|
21694000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1818000 | ||
vrm |
Common Stock Shares Withheld To Satisfy Employee Tax Withholding Obligations
CommonStockSharesWithheldToSatisfyEmployeeTaxWithholdingObligations
|
878000 | ||
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
504023000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1740000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
4381000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
13000 | ||
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-66000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
647589000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
456425000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
410650000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
453301000 | ||
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1090039000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
219587000 | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1500689000 | |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
672888000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
6713000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
2743000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
269000 | ||
vrm |
Issuance Of Common Stock For Acquisition Of Business
IssuanceOfCommonStockForAcquisitionOfBusiness
|
39030000 | ||
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
1017000 | ||
vrm |
Conversion Of Redeemable Convertible Preferred Stock Warrant To Common Stock Warrant
ConversionOfRedeemableConvertiblePreferredStockWarrantToCommonStockWarrant
|
21873000 | ||
vrm |
Issuance Of Common Stock As Upfront Payment To Nonemployee
IssuanceOfCommonStockAsUpfrontPaymentToNonemployee
|
2127000 | ||
CY2020Q2 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
2-for-1 | |
CY2020Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
2 | |
CY2020Q4 | vrm |
Cumulative Profit Sharing Payment Recognized
CumulativeProfitSharingPaymentRecognized
|
11500000 | |
CY2020Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
10800000 | |
CY2020Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
54.50 | |
CY2020Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
569500000 | |
CY2020Q3 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
1500000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:6pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.78%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed 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. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.78%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.78%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Due to the evolving and uncertain nature of the COVID-19 pandemic, it is reasonably possible that it could materially impact the Company’s estimates, particularly those noted above that require consideration of forecasted financial information, in the near to medium term. The ultimate impact will depend on numerous evolving factors that the Company may not be able to accurately predict, including the duration and extent of the pandemic, the impact of federal, state, local and foreign governmental actions, consumer behavior in response to the pandemic and other economic and operational conditions the Company may face.</p> | ||
CY2021Q2 | 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 | ||
CY2020Q2 | 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 |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-bottom:0pt;margin-top:8pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;">Concentration of Credit Risk and Significant Customers</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:6pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.78%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 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 US treasury securities. Concentration of credit risk with respect to accounts receivable is generally mitigated by a large customer base. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.78%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:2pt;text-indent:6.78%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the three and six months ended June 30, 2021 and 2020, 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 June 30, 2021 and December 31, 2020. </p> | ||
CY2020Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
569500000 | |
CY2020Q3 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
1500000 | |
CY2020Q4 | vrm |
Reserve For Chargebacks
ReserveForChargebacks
|
3800000 | |
CY2021Q2 | vrm |
Cumulative Profit Sharing Payment Recognized
CumulativeProfitSharingPaymentRecognized
|
15100000 | |
CY2021Q2 | vrm |
Reserve For Chargebacks
ReserveForChargebacks
|
6900000 | |
CY2021Q2 | vrm |
Vehicles
Vehicles
|
518331000 | |
CY2020Q4 | vrm |
Vehicles
Vehicles
|
421458000 | |
CY2021Q2 | vrm |
Parts And Accessories
PartsAndAccessories
|
1635000 | |
CY2020Q4 | vrm |
Parts And Accessories
PartsAndAccessories
|
2189000 | |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
519966000 | |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
423647000 | |
CY2021Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
16000000.0 | |
CY2020Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
12900000 | |
CY2021Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
37742000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
28426000 | |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
16345000 | |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
13334000 | |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
21397000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15092000 | |
CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
78172000 | |
CY2020Q2 | us-gaap |
Goodwill
Goodwill
|
78172000 | |
CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
78172000 | |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
81134000 | ||
CY2021Q2 | us-gaap |
Goodwill
Goodwill
|
159306000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
34592000 | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
292000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3274000 | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
258000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
31318000 | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
34000 | |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1600000 | |
CY2020Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
100000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3000000.0 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
300000 | ||
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
3111000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
6220000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
6215000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
6215000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
6215000 | |
CY2021Q2 | vrm |
Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
|
3342000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
31318000 | |
CY2020Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
4890000 | |
CY2021Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
11655000 | |
CY2020Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
11155000 | |
CY2021Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
86328000 | |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
59405000 | |
CY2021Q2 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
12168000 | |
CY2020Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
9106000 | |
CY2021Q2 | vrm |
Accrued Vehicle Related Expenses Current
AccruedVehicleRelatedExpensesCurrent
|
23023000 | |
CY2020Q4 | vrm |
Accrued Vehicle Related Expenses Current
AccruedVehicleRelatedExpensesCurrent
|
13062000 | |
CY2021Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
28409000 | |
CY2020Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
15443000 | |
CY2021Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
7242000 | |
CY2020Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
5749000 | |
CY2021Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3831000 | |
CY2021Q2 | vrm |
Vehicle Payable Current
VehiclePayableCurrent
|
68737000 | |
CY2020Q4 | vrm |
Vehicle Payable Current
VehiclePayableCurrent
|
25086000 | |
CY2021Q2 | vrm |
Other Current
OtherCurrent
|
22249000 | |
CY2020Q4 | vrm |
Other Current
OtherCurrent
|
5189000 | |
CY2021Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
90986000 | |
CY2020Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
30275000 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
85533394 | |
CY2020Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2021Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2021Q2 | 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 Shares Authorized
CommonStockSharesAuthorized
|
500000000 | |
us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one vote | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | ||
CY2021Q2 | vrm |
Segment Assets
SegmentAssets
|
0 | |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
761890000 | |
CY2021Q2 | us-gaap |
Gross Profit
GrossProfit
|
63128000 | |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
253093000 | |
CY2020Q2 | us-gaap |
Gross Profit
GrossProfit
|
7607000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1353008000 | ||
us-gaap |
Gross Profit
GrossProfit
|
99304000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
628865000 | ||
us-gaap |
Gross Profit
GrossProfit
|
25994000 | ||
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
761890000 | |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
253093000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1353008000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
628865000 | ||
CY2021Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
123898000 | |
CY2020Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
47911000 | |
us-gaap |
Interest Expense
InterestExpense
|
4123000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
232764000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
106291000 | ||
CY2021Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3058000 | |
CY2020Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1083000 | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5900000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2049000 | ||
CY2021Q2 | us-gaap |
Interest Expense
InterestExpense
|
3880000 | |
CY2020Q2 | us-gaap |
Interest Expense
InterestExpense
|
1297000 | |
us-gaap |
Interest Expense
InterestExpense
|
7692000 | ||
CY2021Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2062000 | |
CY2020Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
715000 | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
4358000 | ||
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2671000 | ||
CY2020Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
21260000 | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
20470000 | ||
CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
33000 | |
CY2020Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
53000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
48000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
86000 | ||
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-65613000 | |
CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-63176000 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-142646000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-104182000 | ||
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0030 | |
CY2020Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0008 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0025 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0010 | ||
CY2021Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2020Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
17890177 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12077860 | ||
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-65807000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-63228000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-142996000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-104287000 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
136507177 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
31599497 | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
136002344 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
20035476 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.48 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.00 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.05 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-5.21 |