In Q4 2025, net loss from continuing operations fell to $11.5 million versus $36.7 million a year earlier, while adjusted net loss improved to $10.1 million, reflecting lower compensation costs and depreciation expenses. As of December 31, 2025, total available liquidity reached $48.7 million, comprising $10.4 million in cash and cash equivalents, $11.3 million of warehouse credit availability and $27.0 million under a delayed draw facility. Following emergence from Prepackaged Chapter 11 on January 14, 2025, Vroom adopted fresh-start accounting, recording assets and liabilities at fair value, which limits direct comparability between 2025 combined results and 2024 GAAP figures. Vroom narrowed its full-year 2025 adjusted net loss to $49.2 million from $115 million in 2024, a year-over-year improvement of $66 million driven by reduced operating expenses and enhanced strategic investments in technology.