What is SunCar Technology Group Inc.'s earnings per share (EPS)?

SunCar Technology Group Inc. (SDAWW) reported diluted earnings per share of -$0.72 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SunCar Technology Group Inc. Financials

SDAWW

FY2024 annual

Revenue $441.9M +21.5% YoY

Net Income -$64.5M -266.6% YoY

EPS (Diluted) -$0.72 YoY not available

Free Cash Flow $11.3M +134.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 27, 2026 Currency USD FYE December

SunCar Technology Group Inc. (SDAWW) reported $441.9M in revenue for fiscal year 2024, up 21.5% from the prior fiscal year. This page shows its 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).

Rhea AI SDAWW FY2024 2026-08-30

Revenue growth is being overwhelmed by a cost-heavy operating model, while 2024 cash flow improved alongside restrained reinvestment.

Revenue expanded in FY2024, yet operating margin deteriorated from -4.3% to -13.2%, showing that added volume did not improve cost absorption. SG&A and R&D escalation reached $47.0M and $40.2M, respectively, indicating that the sharper loss came from operating-cost intensity rather than a simple slowdown in sales.

The cash picture diverged from earnings: net loss was -$64.5M while operating cash flow was positive at $11.8M. Free cash flow remained positive at $11.3M after only $588K of capital spending, so reported cash generation reflects non-cash or working-capital effects and limited reinvestment more than profitable operations.

The balance sheet is thinly capitalized: the current ratio was 1.3x, while liabilities were nearly equal to assets, leaving little equity cushion. Equity was $11.9M against a debt-to-equity ratio of 19.7x, making reported returns highly sensitive to small changes in earnings or asset values.

Financial Health Signals

Financial Health Score 31/100

Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of SunCar Technology Group Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

SunCar Technology Group Inc. has an operating margin of -13.2%, meaning the company loses $13 on every $100 of revenue. This results in a profitability score of 24/100. This is down from -4.3% the prior year.

Growth

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 86/100.

Leverage

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 2/100, reflecting increased financial risk.

Liquidity

SunCar Technology Group Inc.'s current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

SunCar Technology Group Inc.'s free cash flow margin of 2.5% results in a low score of 23/100. Capital expenditures of $588K absorb a large share of operating cash flow.

Returns

SunCar Technology Group Inc. posts a -542.0% return on equity (ROE), meaning it loses $542 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is down from -109.3% the prior year.

Piotroski F-Score Partial

3/6

SunCar Technology Group Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

N/A

SunCar Technology Group Inc. reported a net loss of $64.5M while generating $11.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

SunCar Technology Group Inc. reported an operating loss of $58.4M against $3.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$441.9M

YoY+21.5%

SunCar Technology Group Inc. generated $441.9M in revenue in fiscal year 2024. This represents an increase of 21.5% from the prior year.

EBITDA

-$53.9M

YoY-374.6%

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.

Net Income

-$64.5M

YoY-266.6%

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.

EPS (Diluted)

-$0.72

SunCar Technology Group Inc. earned -$0.72 per diluted share (EPS) in fiscal year 2024.

Cash & Balance Sheet

Free Cash Flow

$11.3M

YoY+134.5%

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.

Cash & Debt

$26.9M

YoY-12.9%

SunCar Technology Group Inc. held $26.9M in cash as of fiscal year 2024; long-term debt is not reported for that period.

Dividends Per Share

Not reported for fiscal year 2024.

Shares Outstanding

Not reported for fiscal year 2024.

Margins & Returns

Operating Margin

-13.2%

YoY-9.0pp

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.

Net Margin

-14.6%

YoY-9.8pp

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.

Return on Equity

-542.0%

YoY-432.7pp

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.

Gross Margin

Not reported for fiscal year 2024.

Capital Allocation

R&D Spending

$40.2M

YoY+185.2%

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.

Share Buybacks

$4.1M

SunCar Technology Group Inc. spent $4.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$588K

YoY-88.1%

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.

SDAWW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SDAWW quarterly income statement

Metric	FY24	FY23	FY22	FY21
Revenue	$441.9M+21.5%	$363.7M+28.8%	$282.4M+13.3%	$249.2M
R&D Expenses	$40.2M+185.2%	$14.1M+66.4%	$8.5M+132.2%	$3.7M
SG&A Expenses	$47.0M+109.2%	$22.5M-40.5%	$37.7M+262.2%	$10.4M
Operating Income	-$58.4M-277.5%	-$15.5M-22.9%	-$12.6M-221.4%	$10.4M
Interest Expense	$3.7M+0.1%	$3.7M-3.8%	$3.8M+9.6%	$3.5M
Income Tax	$2.9M+10.9%	$2.6M+1013.4%	$231K-75.4%	$938K
Net Income	-$64.5M-266.6%	-$17.6M-47.7%	-$11.9M+34.2%	-$18.1M
EPS (Diluted)	-$0.72	-$0.31	-$0.08	-$0.29

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$131.2M	N/A	N/A	N/A	$102.6M	N/A	N/A	N/A
R&D Expenses	$1.2M	N/A	N/A	N/A	$923K	N/A	N/A	N/A
SG&A Expenses	$1.3M	N/A	N/A	N/A	$5.4M	N/A	N/A	N/A
Operating Income	$3.0M	N/A	N/A	N/A	-$3.0M	N/A	N/A	N/A
Income Tax	$448K	N/A	N/A	N/A	-$84K	N/A	N/A	N/A
Net Income	$1.6M	N/A	N/A	N/A	-$3.6M	N/A	N/A	N/A
EPS (Diluted)	$0.01	N/A	N/A	N/A	-$0.03+25.0%	-$0.04	N/A	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.

SDAWW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SDAWW quarterly balance sheet

Metric	FY24	FY23	FY22	FY21
Total Assets	$246.7M+10.5%	$223.2M+16.3%	$192.0M	N/A
Current Assets	$196.3M+12.0%	$175.2M+20.5%	$145.3M	N/A
Cash & Equivalents	$26.9M-12.9%	$30.9M+45.5%	$21.2M-38.6%	$34.5M
Accounts Receivable	$75.6M+34.9%	$56.0M-34.5%	$85.6M	N/A
Total Liabilities	$234.8M+13.4%	$207.2M+5.0%	$197.3M	N/A
Current Liabilities	$156.8M+26.0%	$124.4M-19.8%	$155.2M	N/A
Total Equity	$11.9M-26.0%	$16.1M+404.3%	-$5.3M-120.0%	$26.5M
Retained Earnings	-$195.4M-54.2%	-$126.7M-27.3%	-$99.6M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$259.0M+2.3%	$253.2M-7.6%	$274.0M-1.3%	$277.5M+0.3%	$276.7M+12.1%	$246.7M-2.1%	$252.1M+3.3%	$243.9M
Current Assets	$192.9M+5.2%	$183.3M-16.7%	$220.0M-1.5%	$223.4M-1.7%	$227.2M+15.7%	$196.3M-0.1%	$196.5M+3.0%	$190.8M
Cash & Equivalents	$13.5M-51.6%	$27.9M+17.5%	$23.7M-2.5%	$24.3M-38.0%	$39.2M+46.0%	$26.9M+32.7%	$20.2M-3.1%	$20.9M
Accounts Receivable	$46.1M-22.9%	$59.8M-20.7%	$75.3M-22.8%	$97.6M+16.6%	$83.7M+10.7%	$75.6M-2.0%	$77.1M+0.7%	$76.6M
Total Liabilities	$225.8M+2.3%	$220.6M-9.9%	$244.8M-1.3%	$248.2M+32.7%	$187.1M-20.3%	$234.8M+0.2%	$234.3M+2.6%	$228.3M
Current Liabilities	$150.5M+2.2%	$147.3M-14.6%	$172.4M-2.6%	$177.1M+5.3%	$168.2M+7.3%	$156.8M+2.8%	$152.5M+5.4%	$144.7M
Long-Term Debt	$1.4M+1.4%	$1.4M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$33.2M+1.9%	$32.5M+11.7%	$29.1M-0.7%	$29.4M-15.7%	$34.8M+192.8%	$11.9M-32.9%	$17.7M+13.5%	$15.6M
Retained Earnings	-$198.6M+0.4%	-$199.3M+1.7%	-$202.9M0.0%	-$202.8M-2.0%	-$198.8M-1.7%	-$195.4M-2.0%	-$191.5M-1.1%	-$189.3M

Not reported in any period shown, so not listed: Inventory, Goodwill.

SDAWW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SDAWW quarterly cash flow statement

Metric	FY24	FY23	FY22	FY21
Operating Cash Flow	$11.8M+142.8%	-$27.7M-71.3%	-$16.1M+36.9%	-$25.6M
Capital Expenditures	$588K-88.1%	$4.9M+13.3%	$4.4M+238.9%	$1.3M
Free Cash Flow	$11.3M+134.5%	-$32.6M-59.0%	-$20.5M+23.7%	-$26.9M
Investing Cash Flow	-$12.1M-407.4%	-$2.4M+59.6%	-$5.9M+71.4%	-$20.7M
Financing Cash Flow	-$3.0M-107.3%	$40.4M+280.2%	$10.6M+16215.2%	-$66K
Share Buybacks	$4.1M	N/A	$510K-56.9%	$1.2M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$7.9M	N/A	-$1.8M-20277.8%	$9K+100.1%	-$9.3M-186.9%	$10.7M+180.0%	$3.8M+127.3%	$1.7M
Capital Expenditures	$19K	N/A	$233K+3783.3%	$6K-64.7%	$17K-29.2%	$24K-92.5%	$319K+314.3%	$77K
Free Cash Flow	-$8.0M	N/A	-$2.0M-68400.0%	$3K+100.0%	-$9.3M-187.3%	$10.6M+204.9%	$3.5M+118.3%	$1.6M
Investing Cash Flow	-$2.8M	N/A	-$1.4M+81.2%	-$7.5M-5315.2%	-$138K+94.1%	-$2.4M+5.9%	-$2.5M+22.2%	-$3.2M
Financing Cash Flow	-$1.3M	N/A	$2.3M+125.1%	-$9.2M-139.6%	$23.1M+3796.0%	-$626K+75.3%	-$2.5M-375.9%	$918K
Share Buybacks	N/A	N/A	N/A	$2.0M-85.6%	$13.8M	N/A	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

SDAWW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SDAWW quarterly financial ratios

Metric	FY24	FY23	FY22	FY21
Operating Margin	-13.2%-9.0pp	-4.3%+0.2pp	-4.5%-8.6pp	4.2%
Net Margin	-14.6%-9.8pp	-4.8%-0.6pp	-4.2%+3.0pp	-7.3%
Return on Equity	-542.0%-432.7pp	-109.3%	N/A	-68.4%
Return on Assets	-26.1%-18.3pp	-7.9%-1.7pp	-6.2%	N/A
Current Ratio	1.25-0.2x	1.41+0.5x	0.94	N/A
Debt-to-Equity	19.75+6.9x	12.88	N/A	N/A
FCF Margin	2.5%+11.5pp	-9.0%-1.7pp	-7.3%+3.5pp	-10.8%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Margin	2.3%	N/A	N/A	N/A	-2.9%	N/A	N/A	N/A
Net Margin	1.2%	N/A	N/A	N/A	-3.5%	N/A	N/A	N/A
Return on Equity	4.7%	N/A	N/A	N/A	-10.5%	N/A	N/A	N/A
Return on Assets	0.6%	N/A	N/A	N/A	-1.3%	N/A	N/A	N/A
Current Ratio	1.280.0x	1.240.0x	1.280.0x	1.26-0.1x	1.35+0.1x	1.250.0x	1.290.0x	1.32
Debt-to-Equity	0.040.0x	0.04-8.4x	8.40-0.1x	8.46+3.1x	5.37-14.4x	19.75+6.5x	13.22-1.4x	14.62
FCF Margin	-6.1%	N/A	N/A	N/A	-9.0%	N/A	N/A	N/A

Not reported in any period shown, so not listed: Gross Margin.

Where SunCar Technology Group Inc. Ranks

Frequently Asked Questions

What is SunCar Technology Group Inc.'s annual revenue?

SunCar Technology Group Inc. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) invested $40.2M in research and development during fiscal year 2024.

Does SunCar Technology Group Inc. buy back shares?

Yes, SunCar Technology Group Inc. (SDAWW) spent $4.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is SunCar Technology Group Inc.'s current ratio?

SunCar Technology Group Inc. (SDAWW) 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. (SDAWW) 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. (SDAWW) 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. (SDAWW) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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 SunCar Technology Group Inc.'s earnings high quality?

SunCar Technology Group Inc. (SDAWW) reported a net loss of $64.5M while generating $11.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.

Can SunCar Technology Group Inc. cover its interest payments?

SunCar Technology Group Inc. (SDAWW) reported an operating loss of $58.4M against $3.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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. (SDAWW) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.