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SunCar Technology Group Inc.
CIK 1936804Updated Sep 27, 2026
SDA price & chart
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SunCar Technology Group Announces Follow-On Public Offering News provided by SunCar Technology Group Inc. Feb 04, 2025, 16:01 ET Share this article Share to X Share this article Share to X NEW YORK , Feb. 4, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar") (Nasdaq: SDA ), an innovative l ↗
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Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 246,728,000Source | 223,235,000Source | 191,968,000Source |
| Property, Plant and Equipment, NetUSD | 27,664,000Source | 22,466,000Source | 18,491,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 26,865,000Source | 30,854,000Source | 21,200,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 75,605,000Source | 56,043,000Source | 85,619,000Source |
| Assets, CurrentUSD | 196,273,000Source | 175,197,000Source | 145,350,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 70,171,000Source | 63,963,000Source | 9,270,000Source |
| Operating Lease, Right-of-Use AssetUSD | 606,000Source | 1,280,000Source | 344,000Source |
| Other Assets, NoncurrentUSD | 11,458,000Source | 12,012,000Source | 14,423,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 180,494,000Source | 155,245,000Source | 155,192,000Source |
| Stockholders’ equity: | |||
| Retained Earnings (Accumulated Deficit)USD | -195,387,000Source | -126,724,000Source | -99,580,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,432,000Source | -1,367,000Source | -1,476,000Source |
| Stockholders' Equity Attributable to ParentUSD | 11,892,000Source | 16,078,000Source | -5,284,000Source |
| Additional Paid in Capital, Common StockUSD | 208,701,000Source | 144,160,000Source | 95,764,000Source |
| Liabilities and EquityUSD | 246,728,000Source | 223,235,000Source | 191,968,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 156,765,000Source | 124,392,000Source | 155,192,000Source |
| Operating Lease, Liability, CurrentUSD | 544,000Source | 748,000Source | 315,000Source |
| Accounts Payable, CurrentUSD | 56,812,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 21,000Source | 504,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 54,342,000Source | 51,912,000Source | 42,060,000Source |
| Additional Financial Items | |||
| Accounts Receivable, after Allowance for Credit LossUSD | 75,605,000Source | 56,043,000Source | 85,619,000Source |
| Accrued Liabilities, CurrentUSD | — | 402,000Source | — |
| Deferred Revenue, CurrentUSD | — | 3,050,000Source | 3,569,000Source |
| Short-term InvestmentsUSD | 20,985,000Source | 21,596,000Source | 26,544,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -64,453,000Source | -17,579,000Source | -11,899,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 62,040,000Source | 9,776,000Source | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 22,710,000Source | -30,822,000Source | 32,640,000Source |
| Increase (Decrease) in Accounts PayableUSD | 31,345,000Source | 3,140,000Source | -5,019,000Source |
| Deferred Income Tax Expense (Benefit)USD | 1,235,000Source | 701,000Source | -1,951,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 11,841,000Source | -27,651,000Source | -16,144,000Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -12,147,000Source | -2,394,000Source | -5,919,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 588,000Source | 4,928,000Source | 4,351,000Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,951,000Source | 40,434,000Source | 10,636,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -4,083,000Source | 9,678,000Source | -14,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 29,512,000Source | 33,595,000Source | 23,917,000Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,669,000Source | 2,577,000Source | 3,780,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -826,000Source | -711,000Source | -2,573,000Source |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 1,495,000Source | — | — |
| Deferred Other Tax Expense (Benefit)USD | — | 701,000Source | -1,951,000Source |
| Financing Interest ExpenseUSD | 607,000Source | 377,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -1,137,000Source | -2,410,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | -286,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -4,000Source | 27,000Source | — |
| General and Administrative ExpenseUSD | 46,995,000Source | 22,462,000Source | 37,742,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -68,663,000Source | -26,912,000Source | -5,675,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -64,453,000Source | -17,579,000Source | -10,905,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -994,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | -994,000Source |
| Income Tax Expense (Benefit)USD | 2,853,000Source | 2,572,000Source | 231,000Source |
| Investment Income, InterestUSD | 784,000Source | 518,000Source | 441,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -68,663,000Source | -26,912,000Source | -6,669,000Source |
| Nonoperating Income (Expense)USD | -3,237,000Source | 455,000Source | 1,903,000Source |
| Operating Costs and ExpensesUSD | 500,260,000Source | 379,208,000Source | 294,990,000Source |
| Proceeds from Issuance of Common StockUSD | — | 18,468,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 441,897,000Source | 214,979,000Source | 199,294,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total RevenueUSD | 441,897,000Source | 363,746,000Source | 282,413,000Source |
| Operating Income (Loss)USD | -58,363,000Source | -15,462,000Source | -12,577,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -61,600,000Source | -15,007,000Source | -10,674,000Source |
| Income Tax Expense (Benefit)USD | 2,853,000Source | 2,572,000Source | 231,000Source |
| Earnings Per Share, BasicUSD per share | -0.72Source | -0.31Source | -0.08Source |
| Earnings Per Share, DilutedUSD per share | -0.72Source | -0.31Source | -0.08Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 95,996,861Source | 85,441,057Source | 81,600,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 95,996,861Source | 85,441,057Source | 81,600,000Source |
| Additional Financial Items | |||
| Current Income Tax Expense (Benefit)USD | 1,618,000Source | — | 1,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 4,503,000Source | 4,114,000Source | 5,078,000Source |
| Financing Interest ExpenseUSD | 607,000Source | 377,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -1,137,000Source | -2,410,000Source |
| General and Administrative ExpenseUSD | 46,995,000Source | 22,462,000Source | 37,742,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -68,663,000Source | -26,912,000Source | -5,675,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -64,453,000Source | -17,579,000Source | -10,905,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.72Source | -0.31Source | -0.07Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.72Source | -0.31Source | -0.07Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -994,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | -994,000Source |
| Interest Expense, DebtUSD | 3,669,000Source | 3,666,000Source | 3,809,000Source |
| Investment Income, InterestUSD | 784,000Source | 518,000Source | 441,000Source |
| Marketing and Advertising ExpenseUSD | 164,262,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -68,663,000Source | -26,912,000Source | -6,669,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -68,663,000Source | -26,912,000Source | -5,675,000Source |
| Nonoperating Income (Expense)USD | -3,237,000Source | 455,000Source | 1,903,000Source |
| Operating Costs and ExpensesUSD | 500,260,000Source | 379,208,000Source | 294,990,000Source |
| Research and Development ExpenseUSD | 40,244,000Source | 14,111,000Source | 8,478,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 441,897,000Source | 214,979,000Source | 199,294,000Source |
| Selling and Marketing ExpenseUSD | 186,849,000Source | — | — |
| Selling ExpenseUSD | 22,587,000Source | 20,578,000Source | 16,477,000Source |