← SunCar Technology Group Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net loss | ($18.1m) | ($11.9m) | ($17.6m) | ($64.5m) | ($2.4m) | — | |
| Net Income | — | — | ($26.9m) |
($68.7m)
-155.14%
|
($3.9m)
+94.26%
|
$2.8m
+171.23%
|
|
| Net Income From Continuing Operations | — | — | ($17.6m) | ($64.5m) | ($2.4m) | $2.8m | |
| Depreciation | $4.1m | $5.1m | $4.1m | $4.5m | $6.1m | $7.2m | |
| Amortization of right-of-use assets | — | $619k | $754k | $775k | $839k | — | |
| Depreciation Amortization Depletion | — | — | $4.9m | $5.3m | $6.9m | $7.2m | |
| Deferred income tax expense /(benefit) | ($1.1m) | ($2.0m) | $701k | $1.2m | ($1.0m) | ($536k) | |
| Deferred Tax | — | — | $701k | $1.2m | ($1.0m) | ($536k) | |
| Share-based compensation of subsidiary | $1.7m | $1.6m | $1.5m | $1.5m | $998k | $628k | |
| Share-based compensation of the Group | — | — | $9.8m | $62.0m | — | $628k | |
| Change In Working Capital | — | — | ($23.8m) | $4.0m | ($5.4m) | ($6.6m) | |
| Accounts receivable | ($35.1m) | ($32.6m) | $30.8m | ($22.7m) | $14.9m | $40.0m | |
| Change In Receivables | — | — | $30.8m | ($22.7m) | $14.9m | $40.0m | |
| Changes In Account Receivables | — | — | $30.8m | ($22.7m) | $14.9m | $40.0m | |
| Accounts payable | $13.6m | ($5.0m) | $3.1m | $31.3m | ($17.4m) | ($22.3m) | |
| Repayments of payables to a related party | — | — | ($10.0m) | $4.5m | ($11.6m) | — | |
| Change In Payables And Accrued Expense | — | — | $2.4m | $34.7m | ($14.1m) | ($22.3m) | |
| Accrued liability for GEM litigation | — | — | — | — | $3.1m | — | |
| Accrued expenses and other current liabilities | ($15.0m) | $2.5m | ($288k) | $1.4m | $3.3m | — | |
| Decrease of accrued expenses and other current liabilities due to vest of restricted shares | $311k | $311k | $311k | $311k | $311k | — | |
| Change In Accrued Expense | — | — | ($288k) | $1.4m | $3.3m | $601k | |
| Prepaid expenses and other current assets | $3.2m | ($3.9m) | ($55.9m) | ($6.7m) | ($8.6m) | — | |
| Change In Other Current Liabilities | — | — | ($680k) | ($691k) | ($793k) | ($855k) | |
| Total net cash (used in) provided by operating activities | ($25.6m) | ($16.1m) | ($27.7m) | $11.8m | $5.7m | $7.0m | |
| (Gain)/Loss on disposal of property, software and equipment | $27k | $12.2m | ($27k) | $4k | $108k | — | |
| Purchase of property, software and equipment | ($1.3m) | ($4.4m) | ($4.9m) | ($588k) | ($380k) | — | |
| Proceeds from disposal of property, software and equipment | $27k | $12.2m | $54k | $43k | $3k | — | |
| Property, software and equipment transferred from other non-current assets | $27k | $12.2m | $3.7m | $9.9m | $3k | — | |
| Net Other Investing Changes | — | — | ($1.7m) | ($11.6m) | ($8.8m) | ($8.8m) | |
| Total net cash used in investing activities | ($20.7m) | ($5.9m) | ($2.4m) | ($12.1m) | ($12.9m) | — | |
| Proceeds from short-term borrowings | $76.8m | $122.2m | $104.5m | $105.9m | $104.6m | — | |
| Repayments of short-term borrowings | ($70.2m) | ($111.1m) | ($94.0m) | ($103.0m) | ($111.3m) | — | |
| Proceeds from long-term borrowing | — | — | — | — | $1.4m | — | |
| Issuance Of Debt | — | — | $104.5m | $105.9m | $106.1m | $1.4m | |
| Long Term Debt Issuance | — | — | $0 | $0 | $1.4m | $1.4m | |
| Net Issuance Payments Of Debt | — | — | $10.5m | $2.9m | ($5.2m) | ($5.0m) | |
| Net Short Term Debt Issuance | — | — | $10.5m | $2.9m | ($6.7m) | ($6.4m) | |
| Repayment Of Debt | — | — | ($94.0m) | ($103.0m) | ($111.3m) | ($111.1m) | |
| Short Term Debt Issuance | — | — | $104.5m | $105.9m | $104.6m | $104.7m | |
| Short Term Debt Payments | — | — | ($94.0m) | ($103.0m) | ($111.3m) | ($111.1m) | |
| Common Stock Issuance | — | — | $40.2m | $0 | $41.6m | $0 | |
| Common Stock Payments | — | — | ($2.0m) | $0 | ($15.8m) | ($2.0m) | |
| Issuance Of Capital Stock | — | — | $40.2m | $0 | $41.6m | $0 | |
| Net Common Stock Issuance | — | — | $38.2m | $0 | $25.9m | ($2.0m) | |
| Repurchase Of Capital Stock | — | — | ($2.0m) | $0 | ($15.8m) | ($2.0m) | |
| Net Other Financing Charges | — | — | ($10.5m) | ($5.8m) | ($16.3m) | ($13.1m) | |
| Total net cash provided by (used in) financing activities | ($66k) | $10.6m | $40.4m | ($3.0m) | $4.4m | — | |
| Cash and restricted cash, beginning of the year | $37.9m | $23.9m | $33.6m | $29.5m | $27.9m | — | |
| Beginning Cash Position | — | — | $23.9m | $33.6m | $29.5m | $41.8m | |
| Net change in cash and restricted cash | ($44.5m) | ($14.0m) | $9.7m | ($4.1m) | ($1.7m) | — | |
| Restricted cash | $2.8m | $2.7m | $2.7m | $2.6m | $2.8m | — | |
| Total cash and restricted cash | $37.3m | $23.9m | $33.6m | $29.5m | $27.9m | — | |
| Effect of exchange rate changes | $1.8m | ($2.6m) | ($711k) | ($826k) | $1.2m | $3.3m | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| (Reversal)/ provision for credit losses | $148k | $26.0m | ($4.1m) | $1.3m | $3.7m | — | |
| Fair value changes of warrant liabilities | — | — | $629k | $286k | ($897k) | — | |
| Financing expense related to issuance of GEM Warrants | — | — | $377k | $607k | $606k | — | |
| Contract liabilities | — | $1.9m | ($418k) | ($554k) | $3.1m | — | |
| Tax payable | ($1.0m) | ($280k) | ($621k) | $35k | $46k | — | |
| Operating lease liabilities | — | ($615k) | ($680k) | ($691k) | ($793k) | — | |
| Amount due to related parties | — | $1.5m | $150k | $1.9m | — | — | |
| Payment for acquisition of an insurance license | — | — | — | — | ($236k) | — | |
| Purchase of short-term investment | ($9.8m) | — | ($518k) | ($21.6m) | ($451k) | — | |
| Proceeds from the redemption of short-term investment | — | $149k | $4.7m | $21.7m | $750k | — | |
| Payment of securities margin | — | — | — | — | ($4.0m) | — | |
| Purchase of other non-current assets | ($9.0m) | ($1.2m) | ($1.7m) | ($11.6m) | ($8.6m) | — | |
| Payment for GEM litigation | — | — | — | — | ($1.6m) | — | |
| Proceeds from issuance of ordinary shares, net of issuance cost | — | — | $18.5m | — | $41.6m | — | |
| Cash required on reverse recapitalization | — | — | $68k | — | — | — | |
| Proceeds from Private Placement | — | — | $21.7m | — | — | — | |
| Payment for offering cost related to Business Combination | — | — | ($588k) | — | — | — | |
| Shares repurchase | — | — | ($2.0m) | — | ($15.8m) | — | |
| Exercise of warrants | — | — | $2.2m | — | — | — | |
| Repurchase of non-controlling interests | ($1.2m) | ($510k) | — | ($4.1m) | ($3.2m) | — | |
| Cash | $34.5m | $21.2m | $30.9m | $26.9m | $25.0m | $7.0m | |
| Income tax paid | $3.5m | $2.5m | $2.6m | $1.5m | $1.3m | $1.4m | |
| Interest expense paid | $3.1m | $3.8m | $2.6m | $3.7m | $3.5m | — | |
| Obtaining right-of-use assets in exchange for operating lease liabilities | — | $972k | $1.7m | $103k | $2.3m | — | |
| Prepaid financing expense related to issuance of GEM Warrants | — | — | $1.4b | $835k | $229k | — | |
| Cash Flow From Continuing Financing Activities | — | — | $40.4m | ($3.0m) | $4.4m | ($20.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | ($2.4m) | ($12.1m) | ($12.9m) | ($15.5m) | |
| Cash From Discontinued Financing Activities | $1.1m | — | $0 | — | — | $0 | |
| Cash From Discontinued Investing Activities | ($591k) | — | $0 | $0 | — | $0 | |
| Change In Account Payable | — | — | $3.1m | $31.3m | ($17.4m) | ($22.3m) | |
| Change In Cash Supplemental As Reported | — | — | $9.7m | ($4.1m) | ($1.7m) | — | |
| Change In Other Working Capital | — | — | ($418k) | ($554k) | $3.1m | $2.3m | |
| Change In Payable | — | — | $2.7m | $33.3m | ($17.4m) | ($22.3m) | |
| Change In Prepaid Assets | — | — | ($55.9m) | ($6.7m) | ($8.6m) | ($26.6m) | |
| Changes In Cash | — | — | $10.4m | ($3.3m) | ($2.8m) | ($28.6m) | |
| End Cash Position | — | — | $33.6m | $29.5m | $27.9m | $13.3m | |
| Financing Cash Flow | — | — | $40.4m |
($3.0m)
-107.30%
|
$4.4m
+248.02%
|
($20.1m)
-559.71%
|
|
| Free Cash Flow | — | — | ($32.6m) | $11.3m | $5.3m | $6.7m | |
| Gain Loss On Investment Securities | — | $100k | $1.0m | $893k | ($291k) | ($291k) | |
| Gain Loss On Sale Of PPE | — | — | ($27k) | $4k | $108k | $105k | |
| Investing Cash Flow | — | — | ($2.4m) | ($12.1m) | ($12.9m) | ($15.5m) | |
| Net Intangibles Purchase And Sale | $0 | — | $54k | — | — | $97k | |
| Net Investment Purchase And Sale | — | — | $4.2m | $21k | ($3.7m) | ($3.6m) | |
| Net PPE Purchase And Sale | — | — | ($4.9m) | ($545k) | ($377k) | ($380k) | |
| Operating Gains Losses | $27k | — | $979k | $897k | ($183k) | ($186k) | |
| Other Non Cash Items | — | ($19k) | — | — | $3.1m | — | |
| Proceeds From Stock Option Exercised | — | — | $2.2m | $0 | $0 | $0 | |
| Provisionand Write Offof Assets | — | — | ($4.1m) | $1.3m | $3.7m | $701k | |
| Purchase Of Investment | — | — | ($518k) | ($21.6m) | ($4.5m) | ($4.4m) | |
| Purchase Of PPE | — | — | ($4.9m) | ($588k) | ($380k) | ($382k) | |
| Sale Of Intangibles | $0 | — | $54k | — | — | $97k | |
| Sale Of Investment | — | — | $4.7m | $21.7m | $750k | $791k | |
| Sale Of PPE | — | — | $54k | $43k | $3k | $2k | |
| Stock Based Compensation | — | — | $11.3m | $63.5m | $998k | $628k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.