Market Newsdesk

SAN DIEGO, May 14, 2026 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for transportation, energy security and smart city infrastructure, today announced that it will report its first quarter 2026 operating results on Friday, May 15, 2026 after the market closes. Management will host a conference call on Friday, May 15, 2026 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

Conference call details:

Date: May 15, 2026

Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific

Toll-Free Dial-In Number: 1-844-739-3880

International Dial-In Number:
1-412-317-5716

Pre-register for the call through this link:

https://dpregister.com/sreg/10209318/1040b2c9ec4

All callers should pre-register for the call through the link above. Please dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Beam Global call.

A webcast archive will be available on our website (www.BeamForAll.com) following the call.

About Beam Global
Beam Global is a sustainable technology innovator which develops and manufactures infrastructure products and technologies. We operate at the nexus of innovative and reliable energy, transportation and smart cities solutions with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and intelligent infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced innovative technology solutions that power transportation, provide secure sources of electricity, enable Smart City services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL, Belgrade and Kraljevo, Serbia and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.

Investor Relations

Luke Higgins
+1 858-261-7646
[email protected]

Media Contact

Lisa Potok
+1 858-327-9123
[email protected]

NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) — Vroom, Inc. (Nasdaq:VRM) today announced financial results for the first quarter ended March 31, 2026.

HIGHLIGHTS OF FIRST QUARTER 2026

• $98.4 million stockholders’ equity as of March 31, 2026 and $86.5 million tangible book value⁽¹⁾ as of March 31, 2026
• $56.4 million consolidated total available liquidity⁽²⁾ as of March 31, 2026, consisting of:
  • $14.5 million cash and cash equivalents        
  • $14.9 million of liquidity available to UACC under the warehouse credit facilities
  • $27.0 million of available liquidity from delayed draw facility, further strengthening our liquidity position to execute our long-term strategy
• $22.5 million preferred stock issued by Vroom Automotive LLC to SPE Holdings in January 2026
• $(19.6) million net loss attributable to controlling interest and common shareholders for the first quarter 2026
• $(18.2) million adjusted net loss⁽³⁾ for the first quarter 2026
• $11.7 million increase in net loss and $20.6 million decrease in adjusted net loss⁽³⁾ for the trailing twelve months ended March 31, 2026 compared to trailing twelve months ended March 31, 2025
• $25.0 to $30.0 million updated full year adjusted net loss guidance⁽⁴⁾
• $28.5 million existing notes expected to be exchanged for $50.0 million new Senior Secured Delayed Draw Convertible Note due 2032, expected to close in June 2026

(1)	Tangible book value is a non-GAAP measure and represents total stockholders’ equity of $98.4 million, excluding intangible assets of $11.9 million as of March 31, 2026.
(2)	Total available liquidity is a non-GAAP measure and represents $14.5 million of unrestricted cash and cash equivalents, as well as $14.9 million of availability from warehouse credit facilities and $27.0 million of availability from delayed draw facility.
(3)	Adjusted net income (loss) is a non-GAAP measure. For definitions and a reconciliation to the most comparable GAAP measure, please see Non-GAAP Financial Measures section below.
(4)	A reconciliation of non-GAAP guidance measures to corresponding GAAP measures for the full year 2026 Financial Outlook is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, the costs and expenses that may be incurred in the future. We have provided a reconciliation of GAAP to non-GAAP financial measures for historical periods in the reconciliation table in the Non-GAAP Financial Measures above.

Tom Shortt, Chief Executive Officer of Vroom, said, “During the first quarter 2026 we introduced our new dealer portal Fast Lane, on the same state-of-the-art technology platform as our Credit Decision Engine which was implemented in 2025. We continue to make technology investments and are excited about the additional value we can bring to dealers and consumers as we continue to add new functionality to this platform. Early performance indicators and multivariate loss projections indicate strong performance from vintages underwritten since Q3 2025 under this new model.”

Fresh Start Accounting

As a result of emerging from a voluntary proceeding (the “Prepackaged Chapter 11 Case”) under Chapter 11 of the United States Code, 11 U.S.C. §§ 101-1532, as amended from time to time, on January 14, 2025, (the “Effective Date”) and qualifying for the application of fresh-start accounting, at the Effective Date, Vroom’s assets and liabilities were recorded at their estimated fair values which, in some cases, are significantly different than amounts included in our financial statements prior to the Effective Date. Accordingly, our consolidated financial statements after the Effective Date are not comparable with our consolidated financial statements on or before that date. References to “Successor” relate to our financial position and results of operations after the Effective Date. References to “Predecessor” refer to our financial position and results of operations on or before the Effective Date.

The combined results (referenced as “Non-GAAP Combined” or “Combined”) for the three months ended March 31, 2025, represent the sum of the reported amounts for the Predecessor period from January 1, 2025, through January 14, 2025, and the Successor period from January 15, 2025, through March 31, 2025. These combined results are not considered to be prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and have not been prepared as pro forma results per applicable regulations. The combined operating results do not reflect the actual results we would have achieved absent our emergence from the Prepackaged Chapter 11 Case and are not necessarily indicative of future results. Accordingly, the results for the combined three months ended March 31, 2025, (prepared on a Non-GAAP basis) and three months ended March 31, 2026, (prepared on a GAAP basis) may not be comparable, particularly for statement of operations line items significantly impacted by the reorganization transactions and the impact of fresh start accounting.

FIRST QUARTER 2026 FINANCIAL DISCUSSION

All financial comparisons are on a year-over-year basis unless otherwise noted. The following financial information is unaudited.

		Successor									Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
		Three months ended March 31,				Period from January 15 through March 31,					Period from January 1 through January 14,				Three months ended March 31,
		2026				2025					2025				2025				$ Change				% Change
		(in thousands)
Interest income		$	42,476			$	37,157				$	7,183			$	44,340			$	(1,864	)			(4.2	)%
Interest expense:
Warehouse credit facility			3,439				4,618					1,017				5,635				(2,196	)			(39.0	)%
Securitization debt			8,620				6,548					1,178				7,726				894				11.6	%
Total interest expense			12,059				11,166					2,195				13,361				(1,302	)			(9.7	)%
Net interest income			30,417				25,991					4,988				30,979				(562	)			(1.8	)%
Realized and unrealized losses, net of recoveries			24,683				11,100					6,792				17,892				6,791				38.0	%
Net interest income (loss) after losses and recoveries			5,734				14,891					(1,804	)			13,087				(7,353	)			(56.2	)%
Noninterest income:
Servicing income			1,139				1,254					192				1,446				(307	)			(21.2	)%
Warranties and GAP income, net			2,686				4,079					307				4,386				(1,700	)			(38.8	)%
CarStory revenue			1,333				2,392					432				2,824				(1,491	)			(52.8	)%
Other income			2,041				2,481					113				2,594				(553	)			(21.3	)%
Total noninterest income			7,199				10,206					1,044				11,250				(4,051	)			(36.0	)%
Expenses:
Compensation and benefits			19,146				16,067					2,823				18,890				256				1.4	%
Professional fees			4,520				5,347					297				5,644				(1,124	)			(19.9	)%
Software and IT costs			3,161				2,402					457				2,859				302				10.6	%
Depreciation and amortization			1,340				575					1,057				1,632				(292	)			(17.9	)%
Interest expense on corporate debt			1,212				480					176				656				556				84.8	%
Impairment charges			—				4,156					—				4,156				(4,156	)			(100.0	)%
Other expenses			2,408				2,370					371				2,741				(333	)			(12.1	)%
Total expenses			31,787				31,397					5,181				36,578				(4,791	)			(13.1	)%
Loss from continuing operations before reorganization items and provision for income taxes			(18,854	)			(6,300	)				(5,941	)			(12,241	)			(6,613	)			54.0	%
Reorganization items, net			—				—					51,036				51,036				(51,036	)			(100.0	)%
(Loss) income from continuing operations before provision for income taxes			(18,854	)			(6,300	)				45,095				38,795				(57,649	)			(148.6	)%
Provision for income taxes from continuing operations			192				150					5				155				37				23.9	%
Net (loss) income from continuing operations		$	(19,046	)		$	(6,450	)			$	45,090			$	38,640			$	(57,686	)			(149.3	)%
Net (loss) income from discontinued operations		$	(12	)		$	99				$	(4	)		$	95			$	(107	)			(112.6	)%
Net (loss) income		$	(19,058	)		$	(6,351	)			$	45,086			$	38,735			$	(57,793	)			(149.2	)%
Preferred stock dividends attributable to noncontrolling interests of subsidiary			(571	)			—					—				—				(571	)			100.0	%
Net (loss) income attributable to controlling interest and common shareholders		$	(19,629	)		$	(6,351	)			$	45,086			$	38,735			$	(58,364	)			(150.7	)%

Results by Segment

UACC

	Successor										Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
	Three months ended March 31,					Period from January 15 through March 31,					Period from  January 1 through January 14,				Three months ended March 31,
	2026					2025					2025				2025				Change				% Change
	(in thousands)
Interest income	$	42,476				$	37,157				$	7,254			$	44,411			$	(1,935	)			(4.4	)%
Interest expense:
Warehouse credit facility		3,439					4,618					1,017				5,635				(2,196	)			(39.0	)%
Securitization debt		8,620					6,548					1,178				7,726				894				11.6	%
Total interest expense		12,059					11,166					2,195				13,361				(1,302	)			(9.7	)%
Net interest income		30,417					25,991					5,059				31,050				(633	)			(2.0	)%
Realized and unrealized losses, net of recoveries		24,823					12,691					7,647				20,338				4,485				22.1	%
Net interest income (loss) after losses and recoveries		5,594					13,300					(2,588	)			10,712				(5,118	)			(47.8	)%
Noninterest income:
Servicing income		1,139					1,254					192				1,446				(307	)			(21.2	)%
Warranties and GAP income, net		2,765					3,571					390				3,961				(1,196	)			(30.2	)%
Other income		2,007					2,235					66				2,301				(294	)			(12.8	)%
Total noninterest income		5,911					7,060					648				7,708				(1,797	)			(23.3	)%
Expenses:
Compensation and benefits		16,737					13,694					2,398				16,092				645				4.0	%
Professional fees		3,364					3,069					172				3,241				123				3.8	%
Software and IT costs		2,965					2,086					367				2,453				512				20.9	%
Depreciation and amortization		1,235					479					817				1,296				(61	)			(4.7	)%
Interest expense on corporate debt		761					480					85				565				196				34.7	%
Impairment charges		—					3,479					—				3,479				(3,479	)			(100.0	)%
Other expenses		1,967					1,670					262				1,932				35				1.8	%
Total expenses		27,029					24,957					4,101				29,058				(2,029	)			(7.0	)%
Provision for income taxes from continuing operations		—					39					—				39				(39	)			(100.0	)%
Preferred stock dividends attributable to noncontrolling interests of subsidiary		(571	)				—					—				—				(571	)			100.0	%
Adjusted net loss	$	(14,976	)			$	(834	)			$	(5,910	)		$	(6,744	)		$	(8,232	)			122.1	%
Stock compensation expense	$	1,118				$	302				$	127			$	429			$	689				160.7	%
Severance	$	—				$	21				$	4			$	25			$	(25	)			(100.0	)%

CarStory

	Successor										Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
	Three months ended March 31,					Period from January 15 through March 31,					Period from January 1 through January 14,				Three months ended March 31,
	2026					2025					2025				2025				Change				% Change
	(in thousands)
Noninterest income:
CarStory revenue	$	1,333				$	2,392				$	432			$	2,824			$	(1,491	)			(52.8	)%
Other income		34					62					13				75				(41	)			(54.7	)%
Total noninterest income		1,367					2,454					445				2,899				(1,532	)			(52.8	)%
Expenses:
Compensation and benefits		1,243					1,360					326				1,686				(443	)			(26.3	)%
Professional fees		52					—					13				13				39				300.0	%
Software and IT costs		2					—					2				2				—				0.0	%
Depreciation and amortization		105					96					240				336				(231	)			(68.8	)%
Other expenses		93					138					20				158				(65	)			(41.1	)%
Total expenses		1,495					1,594					601				2,195				(700	)			(31.9	)%
Provision for income taxes from continuing operations		26					16					5				21				5				23.8	%
Adjusted net income (loss)	$	(130	)			$	839				$	(153	)		$	686			$	(816	)			(119.0	)%
Stock compensation expense	$	24				$	(5	)			$	8			$	3			$	21				698.8	%

Corporate

	Successor										Predecessor				Non-GAAP Combined				Non-GAAP				Non-GAAP
	Three months ended March 31,					Period from January 15 through March 31,					Period from January 1 through January 14,				Three months ended March 31,
	2026					2025					2025				2025				Change				% Change
	(in thousands)
Interest income (expense)	$	—				$	—				$	(71	)		$	(71	)		$	71				100.0	%
Realized and unrealized losses (gains), net of recoveries		(140	)				(1,591	)				(855	)			(2,446	)			2,306				94.3	%
Net interest income after losses and recoveries		140					1,591					784				2,375				(2,235	)			(94.1	)%
Noninterest (loss) income:
Warranties and GAP income (loss), net		(79	)				508					(83	)			425				(504	)			(118.6	)%
Other income		—					184					34				218				(218	)			(100.0	)%
Total noninterest (loss) income		(79	)				692					(49	)			643				(722	)			(112.3	)%
Expenses:
Compensation and benefits		1,166					1,013					99				1,112				54				4.9	%
Professional fees		1,104					2,278					112				2,390				(1,286	)			(53.8	)%
Software and IT costs		194					316					88				404				(210	)			(52.0	)%
Interest expense on corporate debt		451					—					91				91				360				395.6	%
Impairment charges		—					677					—				677				(677	)			(100.0	)%
Other expenses		348					562					89				651				(303	)			(46.5	)%
Total expenses		3,263					4,846					479				5,325				(2,062	)			(38.7	)%
Provision for income taxes from continuing operations		166					95					—				95				71				74.7	%

Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance: Adjusted net income (loss), total available liquidity, and tangible book value.

Adjusted net income (loss) is a supplemental performance measure that our management uses to assess our operating performance and the operating leverage in our business. Because Adjusted net income (loss) facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure for business planning purposes.

Tangible book value is calculated as stockholders’ equity in accordance with GAAP, after subtracting intangible assets. A reconciliation of stockholders’ equity to tangible book value is included above.

Total available liquidity represents unrestricted cash and cash equivalents, availability from warehouse credit facilities and available liquidity from delayed draw facility. A reconciliation of unrestricted cash and cash equivalents to total available liquidity is included above.

These non-GAAP measures have limitations as analytical tools because they do not reflect all of the amounts associated with our results of operations or liquidity as determined in accordance with GAAP. Additionally, they may not be comparable to similarly titled measures of other companies. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting the usefulness of those measures for those comparative purposes. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP. The presentation of these non-GAAP financial measures are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. We have reconciled these non-GAAP financial measures with the most directly comparable GAAP financial measures elsewhere herein.

Non-GAAP Combined Three Months Ended March 31, 2025

Our financial results for the periods from January 1, 2025 through January 14, 2025 and the three months ended March 31, 2025 are referred to as those of the “Predecessor” periods. Our financial results for the periods from January 15, 2025 through March 31, 2025 and the three months ended March 31, 2025 are referred to as those of the “Successor” periods. Our results of operations as reported in our Consolidated Financial Statements for these periods are prepared in accordance with GAAP. Although GAAP requires that we report our results for the period from January 1, 2025 through January 14, 2025 and the period from January 15, 2025 through March 31, 2025, separately, management views our operating results for the three months ended March 31, 2025 by combining the results of the applicable Predecessor and Successor periods because such presentation provides the most meaningful comparison of our results to prior periods. We believe we cannot adequately benchmark the operating results of the period from January 15, 2025 through March 31, 2025 against any of the previous or future periods reported in our Consolidated Financial Statements without combining it with the period from January 1, 2025 through January 14, 2025 and we do not believe that reviewing the results of this period in isolation would be useful in identifying trends in or reaching conclusions regarding our overall operating performance. Management believes that the key performance metrics for the Successor period when combined with the Predecessor period provide more meaningful comparisons to other periods and are useful in identifying current business trends. Accordingly, in addition to presenting our results of operations as reported in our Consolidated Financial Statements in accordance with GAAP, the tables and discussion below also present the combined results for the three months ended March 31, 2025. The combined results for the three months ended March 31, 2025 represent the sum of the reported amounts for the Predecessor period from January 1, 2025 through January 14, 2025 and the Successor period from January 15, 2025 through March 31, 2025. These combined results are not considered to be prepared in accordance with GAAP and have not been prepared as pro forma results per applicable regulations. The combined operating results do not reflect the actual results we would have achieved absent our emergence from the Prepackaged Chapter 11 Case and are not necessarily indicative of future results. Accordingly, the results for the combined three months ended March 31, 2026 (prepared on a GAAP basis) and three months ended March 31, 2025 (prepared on a Non-GAAP basis) may not be comparable, particularly for statement of operations line items significantly impacted by the reorganization transactions and the impact of fresh start accounting.

Adjusted net loss

We calculate Adjusted net loss as net income (loss) from continuing operations less preferred stock dividends attributable to noncontrolling interests of subsidiary, adjusted for stock compensation expense, severance expense, bankruptcy costs (which represent professional fees incurred related to the bankruptcy prior to filing of the petition and post-emergence), reorganization items, net (which relate to certain charges incurred during the bankruptcy proceedings, such as legal and professional fees incurred directly as a result of the bankruptcy proceeding, the write-off of deferred financing costs and discount on debt subject to compromise and other related charges), operating lease right-of-use assets impairment and long-lived asset impairment charges.

The following table presents a reconciliation of Adjusted net income (loss) to net income (loss) from continuing operations, which is the most directly comparable GAAP measure (in thousands):

		Successor									Predecessor				Non-GAAP Combined
		Three months ended March 31,				Period from January 15 through March 31,					Period from January 1 through January 14,				Three months ended March 31,
		2026				2025					2025				2025
						(in thousands)
Net (loss) income from continuing operations		$	(19,046	)		$	(6,450	)			$	45,090			$	38,640
Preferred stock dividends attributable to noncontrolling interests of subsidiary			(571	)			—					—				—
Adjusted to exclude the following:
Stock compensation expense			1,427				491					144				635
Severance expense			—				21					4				25
Bankruptcy costs (prepetition filing and post-emergence)			—				913					—				913
Reorganization items, net			—				—					(51,036	)			(51,036	)
Impairment charges			—				4,156					—				4,156
Adjusted net loss		$	(18,190	)		$	(869	)			$	(5,798	)		$	(6,667	)

		Successor			Successor				Successor			Successor			Successor				Predecessor			Non-GAAP Combined			Predecessor			Predecessor			Predecessor
		Period from January 1 through March 31,			Period from October 1 through December 31,				Period from July 1 through September 30,			Period from April 1 through June 30,			Period from January 15 through March 31,				Period from January 1 through January 14,			Three Months Ended March 31,			Three Months Ended December 31,			Three Months Ended September 30,			Three Months Ended June 30,
		2026			2025				2025			2025			2025				2025			2025			2024			2024			2024
Net income (loss) from continuing operations		(19,046	)		$	(11,521	)		(27,142	)		(8,932	)		(6,450	)			45,090			38,640			(36,716	)		(37,744	)		(19,104	)
Preferred stock dividends attributable to noncontrolling interests of subsidiary		(571	)			–			–			–			–				–			–			–			–			–
Stock compensation expense		1,427				1,410			1,444			1,836			491				144			635			935			1,244			2,446
Severance expense		–				–			–			367			21				4			25			287			763			1,685
Bankruptcy costs (prepetition filing and post-emergence)		–				–			–			–			913				–			913			3,582			–			–
Reorganization items, net		–				–			–			–			–				(51,036	)		(51,036	)		5,564			–			–
Gain on extinguishment of debt		–				–			–			–			–				–			–			–			–			–
Impairment charges		–				–			–			–			4,156				–			4,156			–			2,407			–
Adjusted Net Loss		(18,190	)			(10,111	)		(25,698	)		(6,729	)		(869	)			(5,798	)		(6,667	)		(26,348	)		(33,330	)		(14,973	)

Financial Outlook

For the full year 2026 we expect the following updated guidance:

Indirect origination volume⁽⁵⁾: $475 – $515 million
Adjusted net income (loss)^(3)(4)): ($25) – ($30) million

^{(5)   Represents retail installment sale contracts originated through third-party dealers.}

The foregoing estimates are forward-looking statements that reflect the Company’s expectations as of May 14, 2026 and are subject to substantial uncertainty. See “Forward-Looking Statements” below.

About Vroom (Nasdaq: VRM)

Vroom owns and operates United Auto Credit Corporation (UACC), a leading indirect automotive lender serving the independent and franchise dealer market nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail. Prior to January 2024, Vroom also operated an end-to-end ecommerce platform to buy and sell used vehicles. Pursuant to its previously announced Value Maximization Plan, Vroom discontinued its ecommerce operations and used vehicle dealership business.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our financial outlook for the full year 2026, including expected indirect origination volume and adjusted net loss guidance, anticipated performance of recently underwritten loan vintages, expected benefits of our technology platform and dealer portal, the restructuring, including its impact and intended benefits, our strategic initiatives and long-term strategy, planned technology investments, future results of operations and financial position, our total available liquidity, our liquidity position and the timing of any of the foregoing. These statements are based on management’s current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties identified under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, as updated by our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which are available on our Investor Relations website at ir.vroom.com and on the SEC website at www.sec.gov. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.

Investor Relations:

Vroom
Jon Sandison
[email protected] 

VROOM, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

		As of March 31,				As of December 31,
		2026				2025
ASSETS
Cash and cash equivalents		$	14,478			$	10,384
Restricted cash (including restricted cash of consolidated VIEs of $59.1 million and $55.8 million, respectively)			59,221				55,914
Finance receivables at fair value (including finance receivables of consolidated VIEs of $778.5 million and $777.0 million, respectively)			804,613				808,636
Interest receivable (including interest receivables of consolidated VIEs of $11.2 million and $12.4 million, respectively)			11,527				12,834
Property and equipment, net			7,415				6,744
Intangible assets, net			11,895				12,370
Operating lease right-of-use assets			5,530				5,792
Other assets (including other assets of consolidated VIEs of $10.1 million and $9.8 million, respectively)			23,144				24,665
Assets from discontinued operations			—				46
Total assets		$	937,823			$	937,385
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT)
Warehouse credit facilities of consolidated VIEs		$	159,483			$	318,655
Related party line of credit (Note 19)			18,500				18,500
Long-term debt (including securitization debt of consolidated VIEs of $551.0 million and $393.2 million, respectively)			577,968				423,197
Related party note (Note 19)			10,000				10,000
Operating lease liabilities			8,825				9,142
Other liabilities (including other liabilities of consolidated VIEs of $15.6 million and $15.7 million, respectively)			43,187				41,149
Liabilities from discontinued operations			223				124
Total liabilities			818,186				820,767
Commitments and contingencies (Note 12)
Mezzanine equity
Preferred units, no par value, 15,000 series A units and 7,500 series B units authorized and issued to noncontrolling interests of subsidiary (Note 13)			21,221				—
Stockholders’ equity (deficit):
Common stock, $0.001 par value; 250,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 5,206,492 and 5,199,641 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively			5				5
Additional paid-in-capital			171,090				169,663
Accumulated deficit			(72,679	)			(53,050	)
Total stockholders’ equity (deficit)			98,416				116,618
Total liabilities, mezzanine equity and stockholders’ equity (deficit)		$	937,823			$	937,385

VROOM, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share amounts)

(unaudited)

	Successor									Predecessor
	Three months ended March 31,				Period from January 15 through  March 31,					Period from January 1 through  January 14,
	2026				2025					2025
Interest income	$	42,476			$	37,157				$	7,183
Interest expense:
Warehouse credit facility		3,439				4,618					1,017
Securitization debt		8,620				6,548					1,178
Total interest expense		12,059				11,166					2,195
Net interest income		30,417				25,991					4,988
Realized and unrealized losses, net of recoveries		24,683				11,100					6,792
Net interest income (loss) after losses and recoveries		5,734				14,891					(1,804	)
Noninterest income:
Servicing income		1,139				1,254					192
Warranties and GAP income (loss), net		2,686				4,079					307
CarStory revenue		1,333				2,392					432
Other income		2,041				2,481					113
Total noninterest income		7,199				10,206					1,044
Expenses:
Compensation and benefits		19,146				16,067					2,823
Professional fees		4,520				5,347					297
Software and IT costs		3,161				2,402					457
Depreciation and amortization		1,340				575					1,057
Interest expense on corporate debt		1,212				480					176
Impairment charges		—				4,156					—
Other expenses		2,408				2,370					371
Total expenses		31,787				31,397					5,181
Loss from continuing operations before reorganization items and provision for income taxes		(18,854	)			(6,300	)				(5,941	)
Reorganization items, net		—				—					51,036
(Loss) income from continuing operations before provision for income taxes		(18,854	)			(6,300	)				45,095
Provision for income taxes from continuing operations		192				150					5
Net (loss) income from continuing operations	$	(19,046	)		$	(6,450	)			$	45,090
Net (loss) income from discontinued operations		(12	)			99					(4	)
Net (loss) income	$	(19,058	)		$	(6,351	)			$	45,086
Preferred stock dividends attributable to noncontrolling interests of subsidiary	$	(571	)		$	—				$	—
Net (loss) income attributable to controlling interest and common shareholders	$	(19,629	)		$	(6,351	)			$	45,086

VROOM, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (continued)

(in thousands, except share and per share amounts)

(unaudited)

	Successor									Predecessor
	Three months ended March 31,				Period from January 15 through  March 31,					Period from January 1 through  January 14,
	2026				2025					2025
Net (loss) income per share attributable to common stockholders, basic:
Continuing operations		(3.77	)			(1.25	)				24.74
Discontinued operations		—				0.02					(0.00	)
Basic	$	(3.77	)		$	(1.23	)			$	24.74
Net (loss) income per share attributable to common stockholders, diluted:
Continuing operations		(3.77	)			(1.25	)				23.89
Discontinued operations		—				0.02					(0.00	)
Diluted	$	(3.77	)		$	(1.23	)			$	23.89
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders:
Basic		5,201,905				5,163,109					1,822,541
Diluted		5,201,905				5,163,109					1,887,370

VROOM, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

		Successor									Predecessor
		Three months ended March 31,				Period from January 15 through  March 31,					Period from January 1 through  January 14,
		2026				2025					2025
Operating activities
Net (loss) income from continuing operations		$	(19,046	)		$	(6,450	)			$	45,090
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Impairment charges			—				4,156					—
Depreciation and amortization			1,340				575					1,057
Losses on finance receivables and securitization debt, net			28,862				17,575					4,762
Losses on Warranties and GAP			1,764				1,780					407
Stock-based compensation expense			1,427				491					144
Amortization of unearned discounts on finance receivables at fair value			—				—					(416	)
Non-cash reorganization items, net			—				—					(51,741	)
Other, net			88				(652	)				193
Changes in operating assets and liabilities:
Finance receivables, held for sale
Originations of finance receivables, held for sale			—				—					(14,337	)
Principal payments received on finance receivables, held for sale			—				—					6,481
Other			—				—					169
Interest receivable			1,307				1,443					(164	)
Other assets			859				(3,575	)				5,178
Other liabilities			1,674				1,946					(2,627	)
Net cash provided by (used in) operating activities from continuing operations			18,275				17,289					(5,804	)
Net cash provided by (used in) operating activities from discontinued operations			133				(452	)				(207	)
Net cash provided by (used in) operating activities			18,408				16,837					(6,011	)
Investing activities
Finance receivables, held for investment at fair value
Purchases of finance receivables, held for investment at fair value			(113,495	)			(120,528	)				—
Principal payments received on finance receivables, held for investment at fair value			85,765				73,217					2,985
Principal payments received on beneficial interests			217				446					147
Purchase of property and equipment			(1,536	)			(1,469	)				(151	)
Net cash (used in) provided by investing activities from continuing operations			(29,049	)			(48,334	)				2,981
Net cash provided by investing activities from discontinued operations			—				637					—
Net cash (used in) provided by investing activities			(29,049	)			(47,697	)				2,981
Financing activities
Proceeds from borrowings under secured financing agreements			225,000				307,780					—
Principal repayment under secured financing agreements			(65,916	)			(34,281	)				(16,676	)
Proceeds from financing of beneficial interests in securitizations			—				16,223					—
Principal repayments of financing of beneficial interests in securitizations			(3,018	)			(2,045	)				(1,028	)
Proceeds from warehouse credit facilities			87,200				88,500					11,900
Repayments of warehouse credit facilities			(246,372	)			(338,031	)				(8,094	)
Proceeds from preferred units issued to noncontrolling interests of subsidiary, net of issuance costs			21,221				—					—
Other financing activities			(73	)			(1,159	)				—
Net cash provided by (used in) financing activities			18,042				36,987					(13,898	)
Net increase (decrease) in cash, cash equivalents and restricted cash			7,401				6,127					(16,928	)
Cash, cash equivalents and restricted cash at the beginning of period			66,298				61,441					78,369
Cash, cash equivalents and restricted cash at the end of period		$	73,699			$	67,568				$	61,441

VROOM, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

(in thousands)

(unaudited)

Supplemental disclosure of cash flow information:
Cash paid for interest		$	13,106			$	9,221				$	4,534
Cash paid for reorganization items, net		$	—			$	—				$	1,705
Accrued and unpaid preferred stock dividends attributable to noncontrolling interests of subsidiary		$	571			$	—				$	—
Cash paid for income taxes, net of (refunds)		$	(391	)		$	(137	)			$	—

New York, New York, May 14, 2026 (GLOBE NEWSWIRE) — Iron Dome Acquisition I Corp. (the “Company”), a special purpose acquisition company, today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “IDACU” beginning May 15, 2026. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on Nasdaq under the symbols “IDAC” and “IDACW,” respectively. The offering is expected to close on May 18, 2026, subject to customary closing conditions.

The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business, industry, sector or geographical location, but the Company intends to focus its search on a target business in the cybersecurity, defense tech, AI and data infrastructure industries.

Santander is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at [email protected], or by telephone at 833-818-1602.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering, the closing of the offering, and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction in the sector it is targeting or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, at www.sec.gov.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact

Tom Y. Livne

Iron Dome Acquisition I Corp.

Phone: (410) 671-5481
Email: [email protected]

SAN DIEGO, May 14, 2026 (GLOBE NEWSWIRE) — CLARIFICATION: This updated press release clarifies that the AI tools are concepts in prototype. This version supersedes the release distributed at 8:05 a.m. ET on May 14, 2026.

LPL Financial LLC today announced that it has been recognized with two Stevie® Awards in the 2026 American Business Awards®, honoring the firm’s leadership in designing artificial intelligence (AI) concepts with the potential to transform the advisor and investor experience. LPL Financial earned a Stevie Award for Achievement in the Use of AI for its prototype AccountView Next Gen web experience, a conceptual, personalized, AI-powered digital wealth platform for advisors and investors. The firm also received a Stevie Award for Best Use of Generative AI Technology for AccountView Next Gen Mobile, recognizing one of the most comprehensive prototypes of generative AI in wealth management on a mobile platform.

Together, the two awards highlight LPL Financial’s commitment to developing AI across platforms while maintaining strong standards for governance, security, explainability and compliance.

“These awards validate our belief that AI will deliver the greatest impact when it is thoughtfully designed, responsibly governed and deeply embedded into how advisors and investors actually work,” said LPL Chief Technology and Information Officer Greg Gates. “Across both web and mobile, LPL is developing concepts with the potential to deliver real-world outcomes — preparing for the use of AI to accelerate innovation, enhance trust and deliver more personalized, intuitive experiences at scale for advisors.”

The American Business Awards®, known as the Stevies, are among the most respected business awards programs in the U.S., recognizing excellence in innovation, technology and performance across industries. LPL Financial’s wins underscore the firm’s continued investment in AI-driven platforms that elevate the advisor and investor experience while setting new standards for responsible innovation in wealth management.

The program recognizes new initiatives, programs, or enhancements to an existing platform that help advisors be more efficient and enhance the advisor and client experience through technology. This award was self-nominated and nominees paid no fee to participate. Nominees were considered from approximately 1,500 nominations from 35 nations for the year 2025.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Media Contact:


[email protected]

(402) 740-2047

Tracking #: 1107868