Getaround Inc Financials
Getaround Inc (GETR) reported $76.9M in revenue over the twelve months to Sep 30, 2024, up 12.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating cash consumption paired with a rapidly tightening balance sheet defines Getaround’s mechanics despite 2023 revenue recovery.
The near-match between operating cash flow of-$56.1M and free cash flow of-$56.9M shows that cash pressure was primarily operational, not caused by heavy reinvestment: capital expenditures were only$800K . At the same time, the operating margin improved from-304.4% in FY2022 to-136.8% in FY2023, yet the business still consumed cash, so margin recovery had not reached break-even economics.
Revenue returned above FY2021’s level in FY2023, while selling, general and administrative expense fell to
The balance sheet shifted from modest current-asset coverage in FY2022 to a
Financial Health Signals
Getaround Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Getaround Inc passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Getaround Inc reported a net loss of $113.9M while operations used $56.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Getaround Inc generated $72.7M in revenue in fiscal year 2023. This represents an increase of 22.2% from the prior year.
Getaround Inc's EBITDA was -$85.3M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 50.0% from the prior year.
Getaround Inc reported -$113.9M in net income in fiscal year 2023. This represents an increase of 16.3% from the prior year.
Cash & Balance Sheet
Getaround Inc recorded an outflow of $56.9M in free cash flow in fiscal year 2023, representing a cash shortfall after capex. This represents an increase of 57.8% from the prior year.
Getaround Inc held $15.6M in cash against $22.0M in long-term debt as of fiscal year 2023.
Not reported for fiscal year 2023.
Margins & Returns
Getaround Inc's ROE was -3653.3% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 3457.5 percentage points from the prior year.
Not reported for fiscal year 2023.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Getaround Inc invested $16.1M in research and development in fiscal year 2023. This represents a decrease of 35.0% from the prior year.
Getaround Inc invested $800K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 64.6% from the prior year.
Not reported for fiscal year 2023.
GETR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.4M+20.5% | $18.6M+8.3% | $17.2M-8.5% | $18.7M-21.3% | $23.8M+27.8% | $18.6M+61.6% | $11.5M-20.2% | $14.4M |
| R&D Expenses | $3.7M-14.1% | $4.3M+4.2% | $4.1M+9.4% | $3.8M-9.4% | $4.2M-3.1% | $4.3M+11.8% | $3.8M-66.0% | $11.3M |
| SG&A Expenses | $11.1M-17.8% | $13.5M-3.2% | $13.9M+27.7% | $10.9M-6.3% | $11.7M-17.8% | $14.2M-1.2% | $14.4M-28.6% | $20.1M |
| Operating Income | -$16.5M+25.3% | -$22.1M+10.2% | -$24.6M+3.1% | -$25.4M-32.8% | -$19.1M+33.4% | -$28.7M-9.1% | -$26.3M+73.7% | -$100.1M |
| Income Tax | $7K+158.3% | -$12K-123.5% | $51K+130.7% | -$166K+32.0% | -$244K-17.3% | -$208K-21.6% | -$171K-87.9% | -$91K |
| Net Income | -$15.5M-29.1% | -$12.0M+61.2% | -$31.0M+7.7% | -$33.5M-22.6% | -$27.3M+9.7% | -$30.3M-32.8% | -$22.8M+35.7% | -$35.5M |
| EPS (Diluted) | -$0.15-25.0% | -$0.12+62.5% | -$0.32+11.1% | -$0.36-24.1% | -$0.29+12.1% | -$0.33-32.0% | -$0.25 | -$0.59 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.
GETR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $153.3M+2.4% | $149.7M-8.7% | $164.0M+1.8% | $161.1M-3.6% | $167.2M-4.7% | $175.5M-4.0% | $182.9M-11.0% | $205.4M |
| Current Assets | $39.3M+2.7% | $38.3M+16.2% | $33.0M+23.9% | $26.6M-21.9% | $34.1M-7.7% | $36.9M-28.6% | $51.7M-30.6% | $74.5M |
| Cash & Equivalents | $30.8M-0.2% | $30.9M+25.8% | $24.5M+57.0% | $15.6M-29.5% | $22.2M-10.1% | $24.7M-39.8% | $40.9M-36.3% | $64.3M |
| Accounts Receivable | $728K-0.4% | $731K-4.8% | $768K-10.0% | $853K+19.0% | $717K+84.8% | $388K+97.0% | $197K-63.0% | $533K |
| Goodwill | $97.0M+4.2% | $93.1M-0.6% | $93.6M-2.4% | $95.9M+4.3% | $91.9M-2.3% | $94.1M+0.4% | $93.7M+1.1% | $92.7M |
| Total Liabilities | $186.8M+1.7% | $183.6M-4.0% | $191.2M+21.0% | $158.0M+2.8% | $153.7M+1.3% | $151.8M+15.5% | $131.4M-3.3% | $135.9M |
| Current Liabilities | $66.9M-11.2% | $75.3M-1.3% | $76.3M-23.4% | $99.7M+15.9% | $86.0M+13.7% | $75.6M+34.3% | $56.3M-1.1% | $56.9M |
| Long-Term Debt | $75.3M+38.3% | $54.5M+56.4% | $34.8M+58.2% | $22.0M | N/A | $3.8M-7.3% | $4.1M-6.6% | $4.4M |
| Total Equity | -$33.5M+1.4% | -$33.9M-24.6% | -$27.2M-972.4% | $3.1M-76.9% | $13.5M-43.1% | $23.7M-53.9% | $51.5M-26.0% | $69.5M |
| Retained Earnings | -$934.5M-1.7% | -$918.9M-1.3% | -$906.9M-3.5% | -$876.0M-4.0% | -$842.4M-3.4% | -$815.1M-3.9% | -$784.8M-3.0% | -$762.0M |
Not reported in any period shown, so not listed: Inventory.
GETR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.3M-51.7% | -$13.4M-20.3% | -$11.1M+8.5% | -$12.2M+20.8% | -$15.3M-118.1% | -$7.0M+67.4% | -$21.6M+68.9% | -$69.3M |
| Capital Expenditures | $68K+325.0% | $16K-48.4% | $31K+244.4% | $9K-96.8% | $282K+149.6% | $113K-71.5% | $396K-39.1% | $650K |
| Free Cash Flow | -$20.4M-52.0% | -$13.4M-20.1% | -$11.2M+8.3% | -$12.2M+22.1% | -$15.6M-118.6% | -$7.2M+67.5% | -$22.0M+68.6% | -$70.0M |
| Investing Cash Flow | -$56K-460.0% | -$10K+98.9% | -$899K+20.0% | -$1.1M+10.2% | -$1.3M+85.9% | -$8.9M-438.8% | -$1.7M+5.3% | -$1.7M |
| Financing Cash Flow | $19.9M-0.2% | $19.9M-6.0% | $21.2M+657.8% | $2.8M-80.6% | $14.4M+5132.1% | -$287K+20.9% | -$363K-100.3% | $106.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
GETR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -73.7% | -118.8% | -143.3% | -135.3% | -80.3% | -154.0% | -228.3% | -693.8% |
| Net Margin | -69.3%-4.6pp | -64.7% | -180.5% | -178.9% | -114.9% | -162.6% | -197.9% | -245.9% |
| Return on Equity | N/A | N/A | N/A | -1075.1%-872.4pp | -202.7%-75.1pp | -127.6%-83.3pp | -44.3%+6.7pp | -51.1% |
| Return on Assets | -10.1%-2.1pp | -8.0%+10.8pp | -18.9%+1.9pp | -20.8%-4.5pp | -16.4%+0.9pp | -17.3%-4.8pp | -12.5%+4.8pp | -17.3% |
| Current Ratio | 0.59+0.1x | 0.51+0.1x | 0.43+0.2x | 0.27-0.1x | 0.40-0.1x | 0.49-0.4x | 0.92-0.4x | 1.31 |
| Debt-to-Equity | N/A | N/A | N/A | 7.06-4.3x | 11.40+11.2x | 0.16+0.1x | 0.080.0x | 0.06 |
| FCF Margin | -91.0%-18.9pp | -72.1%-7.1pp | -65.1%-0.1pp | -64.9%+0.7pp | -65.7%-27.3pp | -38.4% | -190.7% | -484.9% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.27), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Getaround Inc Ranks
Frequently Asked Questions
What is Getaround Inc's annual revenue?
Getaround Inc (GETR) reported $72.7M in total revenue for fiscal year 2023. This represents a 22.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Getaround Inc's revenue growing?
Getaround Inc (GETR) revenue grew by 22.2% year-over-year, from $59.5M to $72.7M in fiscal year 2023.
Is Getaround Inc profitable?
No, Getaround Inc (GETR) reported a net income of -$113.9M in fiscal year 2023.
What is Getaround Inc's EBITDA?
Getaround Inc (GETR) had EBITDA of -$85.3M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Getaround Inc have?
As of fiscal year 2023, Getaround Inc (GETR) had $15.6M in cash and equivalents against $22.0M in long-term debt.
What is Getaround Inc's return on equity (ROE)?
Getaround Inc (GETR) has a return on equity of -3653.3% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Getaround Inc's free cash flow?
Getaround Inc (GETR) recorded an outflow of $56.9M in free cash flow during fiscal year 2023. This represents a 57.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Getaround Inc's operating cash flow?
Getaround Inc (GETR) recorded an outflow of $56.1M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are Getaround Inc's total assets?
Getaround Inc (GETR) had $161.1M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Getaround Inc's capital expenditures?
Getaround Inc (GETR) invested $800K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How much does Getaround Inc spend on research and development?
Getaround Inc (GETR) invested $16.1M in research and development during fiscal year 2023.
What is Getaround Inc's current ratio?
Getaround Inc (GETR) had a current ratio of 0.27 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Getaround Inc's debt-to-equity ratio?
Getaround Inc (GETR) had a debt-to-equity ratio of 7.06 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Getaround Inc's return on assets (ROA)?
Getaround Inc (GETR) had a return on assets of -70.7% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
How does Getaround Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, Getaround Inc (GETR) held $15.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $56.1M over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Getaround Inc's Piotroski F-Score?
Getaround Inc (GETR) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Getaround Inc's earnings high quality?
Getaround Inc (GETR) reported a net loss of $113.9M while operations used $56.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.