Truecar Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Truecar Inc has an operating margin of -21.2%, meaning the company retains $-21 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 up from -35.6% the prior year.
Truecar Inc's revenue grew 10.6% year-over-year to $175.6M, a solid pace of expansion. This earns a growth score of 59/100.
Truecar Inc carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.11, Truecar Inc holds $4.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Truecar Inc generated $7.7M in operating cash flow, capex of $7.9M consumed most of it, leaving -$159K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Truecar Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Truecar Inc generates $-0.25 in operating cash flow ($7.7M OCF vs -$31.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Truecar Inc (TRUE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Key Financial Metrics
Truecar Inc generated $175.6M in revenue in fiscal year 2024. This represents an increase of 10.6% from the prior year.
Truecar Inc's EBITDA was -$19.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 50.6% from the prior year.
Truecar Inc generated -$159K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 99.5% from the prior year.
Truecar Inc reported -$31.0M in net income in fiscal year 2024. This represents an increase of 37.6% from the prior year.
Truecar Inc earned $-0.34 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.2% from the prior year.
Truecar Inc held $111.8M in cash against $0 in long-term debt as of fiscal year 2024.
Truecar Inc had 87M shares outstanding in fiscal year 2024. This represents a decrease of 4.3% from the prior year.
Truecar Inc's gross margin was 85.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 5.0 percentage points from the prior year.
Truecar Inc's operating margin was -21.2% in fiscal year 2024, reflecting core business profitability. This is up 14.4 percentage points from the prior year.
Truecar Inc's net profit margin was -17.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 13.7 percentage points from the prior year.
Truecar Inc spent $20.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Truecar Inc invested $7.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 33.4% from the prior year.
TRUE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.2M-8.1% | $47.0M+4.9% | $44.8M-3.0% | $46.2M+10.6% | $41.8M+1.8% | $41.1M-0.6% | $41.3M+0.3% | $41.1M |
| Cost of Revenue | $8.8M-21.0% | $11.1M+25.4% | $8.9M-0.2% | $8.9M+62.4% | $5.5M+28.7% | $4.3M-0.1% | $4.3M+11.9% | $3.8M |
| Gross Profit | $34.4M-4.0% | $35.8M-0.2% | $35.9M-3.7% | $37.3M+2.7% | $36.3M-1.3% | $36.8M-0.6% | $37.0M-0.8% | $37.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.2M+3.9% | $8.8M-12.6% | $10.1M+16.7% | $8.6M-44.0% | $15.4M+62.7% | $9.5M+31.3% | $7.2M-24.2% | $9.5M |
| Operating Income | -$7.3M+14.3% | -$8.6M+23.4% | -$11.2M-57.3% | -$7.1M+53.1% | -$15.2M-102.9% | -$7.5M-109.5% | -$3.6M+62.7% | -$9.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2K-33.3% | $3K-50.0% | $6K+200.0% | $2K-33.3% | $3K-57.1% | $7K+133.3% | $3K+200.0% | $1K |
| Net Income | $5.0M+165.5% | -$7.6M+24.8% | -$10.1M-73.3% | -$5.8M+56.7% | -$13.5M-131.2% | -$5.8M-207.5% | -$1.9M+75.8% | -$7.9M |
| EPS (Diluted) | $0.06+166.7% | $-0.09+25.0% | $-0.12-71.4% | $-0.07+53.3% | $-0.15-150.0% | $-0.06-500.0% | $-0.01+88.9% | $-0.09 |
TRUE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $148.7M+6.3% | $139.8M-3.6% | $145.0M-9.2% | $159.7M-12.7% | $183.0M-5.4% | $193.5M-5.3% | $204.3M-3.6% | $211.9M |
| Current Assets | $125.6M+6.4% | $118.0M-3.3% | $122.1M-9.7% | $135.1M-12.2% | $153.9M-0.9% | $155.3M-4.7% | $163.1M-2.6% | $167.4M |
| Cash & Equivalents | $103.2M+11.5% | $92.5M-5.6% | $98.0M-12.3% | $111.8M-12.6% | $128.0M-4.3% | $133.7M-2.4% | $137.0M-5.8% | $145.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $13.5M-17.8% | $16.4M+5.8% | $15.5M-1.8% | $15.7M-3.4% | $16.3M+7.9% | $15.1M-17.3% | $18.3M+30.0% | $14.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $34.5M+3.1% | $33.5M-1.3% | $33.9M-18.4% | $41.6M+6.2% | $39.1M+4.4% | $37.5M-15.0% | $44.1M-15.3% | $52.1M |
| Current Liabilities | $28.0M+6.8% | $26.2M+1.0% | $25.9M-21.1% | $32.9M+14.0% | $28.9M+7.8% | $26.8M-7.6% | $29.0M-13.9% | $33.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $114.2M+7.4% | $106.4M-4.3% | $111.1M-6.0% | $118.1M-17.9% | $143.9M-7.8% | $156.0M-2.6% | $160.2M+0.2% | $159.9M |
| Retained Earnings | -$606.1M+0.8% | -$611.1M-1.3% | -$603.5M-1.7% | -$593.3M-2.0% | -$581.7M-2.4% | -$568.1M-1.0% | -$562.3M-0.3% | -$560.4M |
TRUE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.7M+550.0% | -$2.8M+64.2% | -$7.9M-234.8% | $5.9M+392.3% | -$2.0M-197.8% | $2.0M+135.3% | -$5.8M-205.9% | $5.5M |
| Capital Expenditures | $1.5M-22.4% | $2.0M-26.5% | $2.7M+56.5% | $1.7M+5.4% | $1.6M-36.7% | $2.6M+9.4% | $2.3M-1.3% | $2.4M |
| Free Cash Flow | $11.2M+333.7% | -$4.8M+54.7% | -$10.6M-354.9% | $4.1M+214.4% | -$3.6M-609.2% | -$511K+93.7% | -$8.1M-362.0% | $3.1M |
| Investing Cash Flow | -$1.5M+22.4% | -$2.0M+26.5% | -$2.7M-56.5% | -$1.7M-5.4% | -$1.6M+36.7% | -$2.6M-9.4% | -$2.3M+1.3% | -$2.4M |
| Financing Cash Flow | -$529K+26.1% | -$716K+77.9% | -$3.2M+52.5% | -$6.8M-223.4% | -$2.1M+23.8% | -$2.8M-645.6% | -$371K-902.7% | -$37K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $6.1M | N/A | N/A | $0 | $0 |
TRUE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.6%+3.3pp | 76.3%-3.9pp | 80.2%-0.6pp | 80.7%-6.2pp | 86.9%-2.7pp | 89.6%-0.1pp | 89.7%-1.1pp | 90.7% |
| Operating Margin | -17.0%+1.2pp | -18.3%+6.7pp | -25.0%-9.6pp | -15.4%+20.9pp | -36.3%-18.1pp | -18.2%-9.6pp | -8.6%+14.6pp | -23.3% |
| Net Margin | 11.6%+27.8pp | -16.2%+6.4pp | -22.6%-10.0pp | -12.7%+19.7pp | -32.4%-18.1pp | -14.2%-9.6pp | -4.6%+14.5pp | -19.1% |
| Return on Equity | 4.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 3.4%+8.8pp | -5.5%+1.5pp | -7.0%-3.3pp | -3.7%+3.7pp | -7.4%-4.4pp | -3.0%-2.1pp | -0.9%+2.8pp | -3.7% |
| Current Ratio | 4.49-0.0 | 4.51-0.2 | 4.71+0.6 | 4.11-1.2 | 5.33-0.5 | 5.80+0.2 | 5.63+0.7 | 4.97 |
| Debt-to-Equity | 0.30-0.0 | 0.310.0 | 0.31-0.0 | 0.35+0.1 | 0.27+0.0 | 0.24-0.0 | 0.28-0.1 | 0.33 |
| FCF Margin | 25.9%+36.1pp | -10.2%+13.4pp | -23.6%-32.6pp | 9.0%+17.6pp | -8.7%-7.4pp | -1.2%+18.5pp | -19.7%-27.3pp | 7.5% |
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Frequently Asked Questions
What is Truecar Inc's annual revenue?
Truecar Inc (TRUE) reported $175.6M in total revenue for fiscal year 2024. This represents a 10.6% 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 Truecar Inc's revenue growing?
Truecar Inc (TRUE) revenue grew by 10.6% year-over-year, from $158.7M to $175.6M in fiscal year 2024.
Is Truecar Inc profitable?
No, Truecar Inc (TRUE) reported a net income of -$31.0M in fiscal year 2024, with a net profit margin of -17.7%.
What is Truecar Inc's earnings per share (EPS)?
Truecar Inc (TRUE) reported diluted earnings per share of $-0.34 for fiscal year 2024. This represents a 38.2% change compared to the previous fiscal year. 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.
What is Truecar Inc's EBITDA?
Truecar Inc (TRUE) had EBITDA of -$19.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Truecar Inc's gross margin?
Truecar Inc (TRUE) had a gross margin of 85.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Truecar Inc's operating margin?
Truecar Inc (TRUE) had an operating margin of -21.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Truecar Inc's net profit margin?
Truecar Inc (TRUE) had a net profit margin of -17.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Truecar Inc's free cash flow?
Truecar Inc (TRUE) generated -$159K in free cash flow during fiscal year 2024. This represents a 99.5% 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 Truecar Inc's operating cash flow?
Truecar Inc (TRUE) generated $7.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Truecar Inc's total assets?
Truecar Inc (TRUE) had $159.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Truecar Inc's capital expenditures?
Truecar Inc (TRUE) invested $7.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Truecar Inc buy back shares?
Yes, Truecar Inc (TRUE) spent $20.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Truecar Inc have outstanding?
Truecar Inc (TRUE) had 87M shares outstanding as of fiscal year 2024.
What is Truecar Inc's current ratio?
Truecar Inc (TRUE) had a current ratio of 4.11 as of fiscal year 2024, which is generally considered healthy.
What is Truecar Inc's debt-to-equity ratio?
Truecar Inc (TRUE) had a debt-to-equity ratio of 0.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Truecar Inc's return on assets (ROA)?
Truecar Inc (TRUE) had a return on assets of -19.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Truecar Inc's Piotroski F-Score?
Truecar Inc (TRUE) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Truecar Inc's earnings high quality?
Truecar Inc (TRUE) has an earnings quality ratio of -0.25x, 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.
How financially healthy is Truecar Inc?
Truecar Inc (TRUE) scores 51 out of 100 on our Financial Profile, indicating moderate 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.