Getaround Inc Financials
This page shows Getaround Inc (GETR) financial statements, including the 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).
Getaround's operating model became less cash-hungry in FY2023, but liquidity tightened sharply as external funding faded.
Free cash burn improved to-$56.9M in FY2023 from-$134.8M in FY2022, so the business consumed far less cash than the year before. But liquidity still worsened: the current ratio fell to 0.3x as financing inflows dropped to$16.6M , meaning better operating efficiency did not translate into a stronger cash buffer.
With capital spending only
The balance sheet lost most of its cushion: equity was only
Financial Health Signals
We are recalculating Getaround Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Getaround Inc scores -9.69, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($13.3M) relative to total liabilities ($158.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
For every $1 of reported earnings, Getaround Inc generates $0.49 in operating cash flow (-$56.1M OCF vs -$113.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
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.
Getaround Inc earned $-1.23 per diluted share (EPS) in fiscal year 2023. This represents an increase of 75.4% from the prior year.
Cash & Balance Sheet
Getaround Inc generated -$56.9M in free cash flow in fiscal year 2023, representing cash available 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.
Getaround Inc had 93M shares outstanding in fiscal year 2023. This represents an increase of 1.0% from the prior year.
Margins & Returns
Getaround Inc's operating margin was -136.8% in fiscal year 2023, reflecting core business profitability. This is up 167.6 percentage points from the prior year.
Getaround Inc's net profit margin was -156.8% in fiscal year 2023, showing the share of revenue converted to profit. This is up 72.1 percentage points from the prior year.
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.
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.
GETR Income Statement
| 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 |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | N/A | $-0.29+12.1% | $-0.33-32.0% | $-0.25 | N/A |
GETR Balance Sheet
| 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 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
GETR Cash Flow Statement
| 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 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GETR Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -73.7%+45.1pp | -118.8%+24.5pp | -143.3%-8.0pp | -135.3%-55.0pp | -80.3%+73.8pp | -154.0%+74.2pp | -228.3%+465.5pp | -693.8% |
| Net Margin | -69.3%-4.6pp | -64.7%+115.8pp | -180.5%-1.6pp | -178.9%-64.0pp | -114.9%+47.7pp | -162.6%+35.4pp | -197.9%+48.0pp | -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+0.1 | 0.51+0.1 | 0.43+0.2 | 0.27-0.1 | 0.40-0.1 | 0.49-0.4 | 0.92-0.4 | 1.31 |
| Debt-to-Equity | -2.25-0.6 | -1.61-0.3 | -1.28-8.3 | 7.06-4.3 | 11.40+11.2 | 0.16+0.1 | 0.08+0.0 | 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%+152.3pp | -190.7%+294.2pp | -484.9% |
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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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, with a net profit margin of -156.8%.
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 operating margin?
Getaround Inc (GETR) had an operating margin of -136.8% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Getaround Inc's net profit margin?
Getaround Inc (GETR) had a net profit margin of -156.8% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
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) generated -$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) generated -$56.1M in operating cash flow during fiscal year 2023, representing cash generated from 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.
What is Getaround Inc's cash runway?
Based on fiscal year 2023 data, Getaround Inc (GETR) had $15.6M in cash against an annual operating cash burn of $56.1M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Getaround Inc's Altman Z-Score?
Getaround Inc (GETR) has an Altman Z-Score of -9.69, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). 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.