SunCar Technology Group Inc. Financials
This page shows SunCar Technology Group Inc. (SDA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
SunCar Technology Group Inc. has an operating margin of -13.2%, meaning the company retains $-13 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -4.3% the prior year.
SunCar Technology Group Inc.'s revenue surged 21.5% year-over-year to $441.9M, reflecting rapid business expansion. This strong growth earns a score of 69/100.
SunCar Technology Group Inc. has elevated debt relative to equity (D/E of 19.75), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
SunCar Technology Group Inc.'s current ratio of 1.25 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.
SunCar Technology Group Inc. has a free cash flow margin of 2.5%, earning a moderate score of 31/100. The company generates positive cash flow after capital investments, but with room for improvement.
SunCar Technology Group Inc. generates a -542.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -109.3% the prior year.
SunCar Technology Group Inc. passes 3 of 9 financial strength tests. 2 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, SunCar Technology Group Inc. generates $-0.18 in operating cash flow ($11.8M OCF vs -$64.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
SunCar Technology Group Inc. earns $-15.9 in operating income for every $1 of interest expense (-$58.4M vs $3.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
SunCar Technology Group Inc. generated $441.9M in revenue in fiscal year 2024. This represents an increase of 21.5% from the prior year.
SunCar Technology Group Inc.'s EBITDA was -$53.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 374.6% from the prior year.
SunCar Technology Group Inc. reported -$64.5M in net income in fiscal year 2024. This represents a decrease of 266.6% from the prior year.
SunCar Technology Group Inc. earned $-0.72 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 132.3% from the prior year.
Cash & Balance Sheet
SunCar Technology Group Inc. generated $11.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 134.5% from the prior year.
SunCar Technology Group Inc. held $26.9M in cash against $0 in long-term debt as of fiscal year 2024.
Margins & Returns
SunCar Technology Group Inc.'s operating margin was -13.2% in fiscal year 2024, reflecting core business profitability. This is down 9.0 percentage points from the prior year.
SunCar Technology Group Inc.'s net profit margin was -14.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.8 percentage points from the prior year.
SunCar Technology Group Inc.'s ROE was -542.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 432.7 percentage points from the prior year.
Capital Allocation
SunCar Technology Group Inc. invested $40.2M in research and development in fiscal year 2024. This represents an increase of 185.2% from the prior year.
SunCar Technology Group Inc. spent $4.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
SunCar Technology Group Inc. invested $588K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 88.1% from the prior year.
SDA Income Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $102.6M | N/A | N/A | N/A | $85.6M | N/A | N/A |
| 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 | N/A | $923K | N/A | N/A | N/A | $606K | N/A | N/A |
| SG&A Expenses | N/A | $5.4M | N/A | N/A | N/A | $4.6M | N/A | N/A |
| Operating Income | N/A | -$3.0M | N/A | N/A | N/A | -$4.5M | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | -$84K | N/A | N/A | N/A | -$199K | N/A | N/A |
| Net Income | N/A | -$3.6M | N/A | N/A | N/A | -$5.0M | N/A | N/A |
| EPS (Diluted) | N/A | $-0.03 | N/A | N/A | N/A | $-0.04 | N/A | N/A |
SDA Balance Sheet
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $277.5M+0.3% | $276.7M+12.1% | $246.7M-2.1% | $252.1M+3.3% | $243.9M | N/A | $223.2M | N/A |
| Current Assets | $223.4M-1.7% | $227.2M+15.7% | $196.3M-0.1% | $196.5M+3.0% | $190.8M | N/A | $175.2M | N/A |
| Cash & Equivalents | $24.3M-38.0% | $39.2M+46.0% | $26.9M+32.7% | $20.2M-3.1% | $20.9M-2.4% | $21.4M-30.7% | $30.9M+45.8% | $21.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $97.6M+16.6% | $83.7M+10.7% | $75.6M-2.0% | $77.1M+0.7% | $76.6M | N/A | $56.0M | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $248.2M+32.7% | $187.1M-20.3% | $234.8M+0.2% | $234.3M+2.6% | $228.3M | N/A | $207.2M | N/A |
| Current Liabilities | $177.1M+5.3% | $168.2M+7.3% | $156.8M+2.8% | $152.5M+5.4% | $144.7M | N/A | $124.4M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $29.4M-15.7% | $34.8M+192.8% | $11.9M-32.9% | $17.7M+13.5% | $15.6M-75.0% | $62.5M+288.9% | $16.1M-69.9% | $53.4M |
| Retained Earnings | -$202.8M-2.0% | -$198.8M-1.7% | -$195.4M-2.0% | -$191.5M-1.1% | -$189.3M | N/A | -$126.7M | N/A |
SDA Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9K+100.1% | -$9.3M-186.9% | $10.7M+180.0% | $3.8M+127.3% | $1.7M+139.0% | -$4.3M-224.9% | $3.4M+132.6% | -$10.6M |
| Capital Expenditures | $6K-64.7% | $17K-29.2% | $24K-92.5% | $319K+314.3% | $77K-54.2% | $168K-84.1% | $1.1M-67.9% | $3.3M |
| Free Cash Flow | $3K+100.0% | -$9.3M-187.3% | $10.6M+204.9% | $3.5M+118.3% | $1.6M+135.8% | -$4.5M-287.3% | $2.4M+117.2% | -$13.9M |
| Investing Cash Flow | -$7.5M-5315.2% | -$138K+94.1% | -$2.4M+5.9% | -$2.5M+22.2% | -$3.2M+21.1% | -$4.1M-1813.6% | -$213K+93.1% | -$3.1M |
| Financing Cash Flow | -$9.2M-139.6% | $23.1M+3796.0% | -$626K+75.3% | -$2.5M-375.9% | $918K+229.3% | -$710K-111.2% | $6.4M+549.5% | -$1.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $2.0M-85.6% | $13.8M | N/A | N/A | N/A | N/A | N/A | N/A |
SDA Financial Ratios
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | -2.9% | N/A | N/A | N/A | -5.3% | N/A | N/A |
| Net Margin | N/A | -3.5% | N/A | N/A | N/A | -5.8% | N/A | N/A |
| Return on Equity | N/A | -10.5% | N/A | N/A | N/A | -8.0% | N/A | N/A |
| Return on Assets | N/A | -1.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.26-0.1 | 1.35+0.1 | 1.25-0.0 | 1.29-0.0 | 1.32 | N/A | 1.41 | N/A |
| Debt-to-Equity | 8.46+3.1 | 5.37-14.4 | 19.75+6.5 | 13.22-1.4 | 14.62 | N/A | 12.88 | N/A |
| FCF Margin | N/A | -9.0% | N/A | N/A | N/A | -5.2% | N/A | N/A |
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Frequently Asked Questions
What is SunCar Technology Group Inc.'s annual revenue?
SunCar Technology Group Inc. (SDA) reported $441.9M in total revenue for fiscal year 2024. This represents a 21.5% 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 SunCar Technology Group Inc.'s revenue growing?
SunCar Technology Group Inc. (SDA) revenue grew by 21.5% year-over-year, from $363.7M to $441.9M in fiscal year 2024.
Is SunCar Technology Group Inc. profitable?
No, SunCar Technology Group Inc. (SDA) reported a net income of -$64.5M in fiscal year 2024, with a net profit margin of -14.6%.
What is SunCar Technology Group Inc.'s EBITDA?
SunCar Technology Group Inc. (SDA) had EBITDA of -$53.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is SunCar Technology Group Inc.'s operating margin?
SunCar Technology Group Inc. (SDA) had an operating margin of -13.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is SunCar Technology Group Inc.'s net profit margin?
SunCar Technology Group Inc. (SDA) had a net profit margin of -14.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is SunCar Technology Group Inc.'s return on equity (ROE)?
SunCar Technology Group Inc. (SDA) has a return on equity of -542.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is SunCar Technology Group Inc.'s free cash flow?
SunCar Technology Group Inc. (SDA) generated $11.3M in free cash flow during fiscal year 2024. This represents a 134.5% 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 SunCar Technology Group Inc.'s operating cash flow?
SunCar Technology Group Inc. (SDA) generated $11.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are SunCar Technology Group Inc.'s total assets?
SunCar Technology Group Inc. (SDA) had $246.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are SunCar Technology Group Inc.'s capital expenditures?
SunCar Technology Group Inc. (SDA) invested $588K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does SunCar Technology Group Inc. spend on research and development?
SunCar Technology Group Inc. (SDA) invested $40.2M in research and development during fiscal year 2024.
What is SunCar Technology Group Inc.'s current ratio?
SunCar Technology Group Inc. (SDA) had a current ratio of 1.25 as of fiscal year 2024, which is considered adequate.
What is SunCar Technology Group Inc.'s debt-to-equity ratio?
SunCar Technology Group Inc. (SDA) had a debt-to-equity ratio of 19.75 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SunCar Technology Group Inc.'s return on assets (ROA)?
SunCar Technology Group Inc. (SDA) had a return on assets of -26.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is SunCar Technology Group Inc.'s Piotroski F-Score?
SunCar Technology Group Inc. (SDA) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SunCar Technology Group Inc.'s earnings high quality?
SunCar Technology Group Inc. (SDA) has an earnings quality ratio of -0.18x, considered mixed quality. 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.
Can SunCar Technology Group Inc. cover its interest payments?
SunCar Technology Group Inc. (SDA) has an interest coverage ratio of -15.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is SunCar Technology Group Inc.?
SunCar Technology Group Inc. (SDA) scores 20 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.