Vroom Investor Day Presentation Deck
non-gaap reconciliations-adjusted ebitda
We calculate EBITDA as net loss before interest expense, interest income, income tax expense and depreciation and amortization expense and we calculate Adjusted EBITDA as
EBITDA adjusted to exclude acquisition related costs, change in fair value of finance receivables, goodwill impairment charges, the one-time, IPO related acceleration of non-cash
stock-based compensation expense, and the one-time, IPO related non-cash revaluation of a preferred stock warrant. EBITDA and Adjusted EBITDA are supplemental
performance measures that our management team uses to assess our operating performance and the operating leverage in our business. Because EBITDA and Adjusted EBITDA
facilitate internal comparisons of our historical operating performance on a more consistent basis, we use these measures for business planning purposes. EBITDA and Adjusted
EBITDA are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with U.S. GAAP. The
following table presents a reconciliation of EBITDA and Adjusted EBITDA to net loss, which is the most directly comparable U.S. GAAP measure:
Net loss
Adjusted to exclude the following:
Interest expense
Interest income
(Benefit) provision for income taxes
Depreciation and amortization expense
EBITDA
Acquisition related costs
Change in fair value of finance receivables
Goodwill impairment charge
One-time IPO related acceleration of non-cash stock-based
One-time IPO related non-cash revaluation of preferred stock warrant
Adjusted EBITDA
Three Months Ended
March 31,
2022
$
$
(310,459)
9,380
(3,952)
(23,240)
7,895
(320,376)
5,653
5,621
201,703
$
(107,399) $
2021
(370,911)
21,948
(10,341)
754
13,215
(345,335)
5,090
2020
(in thousands)
$
$
Year Ended
December 31,
(340,245) $
(202,799) $
9,656
(5,896)
84
4,654
(194,301)
2,080
1,262
20,470
(170,489)
$
$
2019
(142,978)
14,596
(5,607)
168
6,157
(127,664)
$
(127,664) $
2018
(85,178)
8,513
(3,135)
229
6,932
(72,639)
(72,639)
76
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