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.

Truecar Inc Financials

TRUE

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

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).

Financial Health Signals

Financial Profile 42/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

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.

Growth

Truecar Inc's revenue grew 10.6% year-over-year to $175.6M, a solid pace of expansion. This earns a growth score of 51/100.

Leverage

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 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

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 81/100.

Cash Flow

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 25/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Truecar Inc generates a -26.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -31.1% the prior year.

Piotroski F-Score Neutral

5/9

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.

Earnings Quality Mixed

-0.25x

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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$175.6M

YoY+10.6%

5Y CAGR-12.1%

10Y CAGR-1.6%

Truecar Inc generated $175.6M in revenue in fiscal year 2024. This represents an increase of 10.6% from the prior year.

EBITDA

-$19.1M

YoY+50.6%

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.

Net Income

-$31.0M

YoY+37.6%

Truecar Inc reported -$31.0M in net income in fiscal year 2024. This represents an increase of 37.6% from the prior year.

EPS (Diluted)

$-0.34

YoY+38.2%

Truecar Inc earned $-0.34 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$159K

YoY+99.5%

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.

Cash & Debt

$111.8M

YoY-18.3%

5Y CAGR-9.2%

10Y CAGR-2.7%

Truecar Inc held $111.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

87M

YoY-4.3%

5Y CAGR-4.0%

10Y CAGR+0.9%

Truecar Inc had 87M shares outstanding in fiscal year 2024. This represents a decrease of 4.3% from the prior year.

Margins & Returns

Gross Margin

85.0%

YoY-5.0pp

5Y CAGR-6.7pp

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.

Operating Margin

-21.2%

YoY+14.4pp

5Y CAGR-3.0pp

10Y CAGR+1.8pp

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.

Net Margin

-17.7%

YoY+13.7pp

5Y CAGR-1.3pp

10Y CAGR+5.8pp

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.

Return on Equity

-26.3%

YoY+4.8pp

5Y CAGR-9.5pp

10Y CAGR-6.8pp

Truecar Inc's ROE was -26.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$20.1M

Truecar Inc spent $20.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$7.9M

YoY-33.4%

5Y CAGR-5.0%

10Y CAGR-6.6%

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	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$175.6M+10.6%	$158.7M-1.7%	$161.5M-30.3%	$231.7M-16.9%	$278.7M-16.8%	$335.0M
Cost of Revenue	$26.4M+66.4%	$15.9M-2.2%	$16.2M-27.1%	$22.2M+3.2%	$21.5M-22.6%	$27.8M
Gross Profit	$149.2M+4.5%	$142.8M-1.7%	$145.3M-30.6%	$209.5M-18.5%	$257.1M-16.3%	$307.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$43.1M+7.0%	$40.3M-8.5%	$44.1M-9.6%	$48.7M-2.5%	$50.0M-22.3%	$64.3M
Operating Income	-$37.2M+34.2%	-$56.5M+55.1%	-$125.7M-275.5%	-$33.5M-80.8%	-$18.5M+69.6%	-$60.9M
Interest Expense	N/A	N/A	N/A	N/A	$0	$0
Income Tax	$15K-11.8%	$17K+100.7%	-$2.6M-1342.7%	$206K+3533.3%	-$6K+99.5%	-$1.3M
Net Income	-$31.0M+37.6%	-$49.8M+58.1%	-$118.7M-209.6%	-$38.3M-150.1%	$76.5M+239.4%	-$54.9M
EPS (Diluted)	$-0.34+38.2%	$-0.55+57.7%	$-1.30-233.3%	$-0.39	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$43.2M-8.1%	$47.0M+4.9%	$44.8M-3.0%	$46.2M-0.7%	$46.5M+11.4%	$41.8M+1.8%	$41.1M-0.6%	$41.3M
Cost of Revenue	$8.8M-21.0%	$11.1M+25.4%	$8.9M-0.2%	$8.9M+15.1%	$7.7M+41.1%	$5.5M+28.7%	$4.3M-0.1%	$4.3M
Gross Profit	$34.4M-4.0%	$35.8M-0.2%	$35.9M-3.7%	$37.3M-3.9%	$38.8M+6.9%	$36.3M-1.3%	$36.8M-0.6%	$37.0M
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-9.6%	$9.6M-38.1%	$15.4M+62.7%	$9.5M+31.3%	$7.2M
Operating Income	-$7.3M+14.3%	-$8.6M+23.4%	-$11.2M-57.3%	-$7.1M+3.7%	-$7.4M+51.4%	-$15.2M-102.9%	-$7.5M-109.5%	-$3.6M
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%	$3K0.0%	$3K-57.1%	$7K+133.3%	$3K
Net Income	$5.0M+165.5%	-$7.6M+24.8%	-$10.1M-73.3%	-$5.8M-0.3%	-$5.8M+56.9%	-$13.5M-131.2%	-$5.8M-207.5%	-$1.9M
EPS (Diluted)	$0.06+166.7%	$-0.09+25.0%	$-0.12	N/A	$-0.06+60.0%	$-0.15-150.0%	$-0.06	N/A

TRUE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$159.7M-21.8%	$204.3M-18.8%	$251.5M-35.1%	$387.7M-15.4%	$458.1M+8.6%	$421.7M
Current Assets	$135.1M-17.1%	$163.1M-17.6%	$197.8M-26.7%	$269.9M-16.9%	$324.9M+35.5%	$239.7M
Cash & Equivalents	$111.8M-18.3%	$137.0M-22.0%	$175.5M-28.4%	$245.2M-10.3%	$273.3M+50.6%	$181.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$15.7M-13.8%	$18.3M+32.5%	$13.8M-17.5%	$16.7M-49.2%	$32.9M-13.9%	$38.2M
Goodwill	N/A	N/A	$0-100.0%	$51.2M0.0%	$51.2M-13.9%	$59.5M
Total Liabilities	$41.6M-5.8%	$44.1M-18.7%	$54.3M-6.3%	$57.9M-23.1%	$75.3M-20.3%	$94.4M
Current Liabilities	$32.9M+13.5%	$29.0M-5.9%	$30.8M-2.2%	$31.5M-26.6%	$42.9M-20.8%	$54.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$118.1M-26.3%	$160.2M-18.8%	$197.3M-40.2%	$329.8M-13.8%	$382.8M+17.0%	$327.3M
Retained Earnings	-$593.3M-5.5%	-$562.3M-9.7%	-$512.5M-30.1%	-$393.8M-10.8%	-$355.5M+17.7%	-$432.1M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$148.7M+6.3%	$139.8M-3.6%	$145.0M-9.2%	$159.7M-4.7%	$167.5M-8.5%	$183.0M-5.4%	$193.5M-5.3%	$204.3M
Current Assets	$125.6M+6.4%	$118.0M-3.3%	$122.1M-9.7%	$135.1M-3.7%	$140.3M-8.8%	$153.9M-0.9%	$155.3M-4.7%	$163.1M
Cash & Equivalents	$103.2M+11.5%	$92.5M-5.6%	$98.0M-12.3%	$111.8M-2.3%	$114.5M-10.5%	$128.0M-4.3%	$133.7M-2.4%	$137.0M
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-4.7%	$16.5M+1.4%	$16.3M+7.9%	$15.1M-17.3%	$18.3M
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+5.1%	$39.5M+1.1%	$39.1M+4.4%	$37.5M-15.0%	$44.1M
Current Liabilities	$28.0M+6.8%	$26.2M+1.0%	$25.9M-21.1%	$32.9M+9.9%	$29.9M+3.7%	$28.9M+7.8%	$26.8M-7.6%	$29.0M
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-7.7%	$128.0M-11.0%	$143.9M-7.8%	$156.0M-2.6%	$160.2M
Retained Earnings	-$606.1M+0.8%	-$611.1M-1.3%	-$603.5M-1.7%	-$593.3M-1.0%	-$587.5M-1.0%	-$581.7M-2.4%	-$568.1M-1.0%	-$562.3M

TRUE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$7.7M+134.4%	-$22.4M+23.1%	-$29.1M-305.3%	$14.2M-63.7%	$39.1M+92.3%	$20.3M
Capital Expenditures	$7.9M-33.4%	$11.8M+1.1%	$11.7M+9.3%	$10.7M+4.0%	$10.3M+0.9%	$10.2M
Free Cash Flow	-$159K+99.5%	-$34.2M+16.2%	-$40.8M-1264.5%	$3.5M-87.8%	$28.8M+183.8%	$10.2M
Investing Cash Flow	-$7.9M+33.4%	-$11.8M-47.1%	-$8.0M-90.9%	-$4.2M-104.1%	$101.9M+395.7%	-$34.5M
Financing Cash Flow	-$25.0M-476.5%	-$4.3M+86.7%	-$32.5M+14.6%	-$38.1M+22.6%	-$49.2M-10157.9%	-$480K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$20.1M	$0-100.0%	$29.8M-6.8%	$31.9M-25.4%	$42.8M	$0

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$12.7M+550.0%	-$2.8M+64.2%	-$7.9M-234.8%	$5.9M+225.3%	$1.8M+189.9%	-$2.0M-197.8%	$2.0M+135.3%	-$5.8M
Capital Expenditures	$1.5M-22.4%	$2.0M-26.5%	$2.7M+56.5%	$1.7M-13.2%	$2.0M+21.5%	$1.6M-36.7%	$2.6M+9.4%	$2.3M
Free Cash Flow	$11.2M+333.7%	-$4.8M+54.7%	-$10.6M-354.9%	$4.1M+2538.8%	-$170K+95.3%	-$3.6M-609.2%	-$511K+93.7%	-$8.1M
Investing Cash Flow	-$1.5M+22.4%	-$2.0M+26.5%	-$2.7M-56.5%	-$1.7M+13.2%	-$2.0M-21.5%	-$1.6M+36.7%	-$2.6M-9.4%	-$2.3M
Financing Cash Flow	-$529K+26.1%	-$716K+77.9%	-$3.2M+52.5%	-$6.8M+48.6%	-$13.3M-529.4%	-$2.1M+23.8%	-$2.8M-645.6%	-$371K
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-51.8%	$12.7M	N/A	N/A	$0

TRUE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	85.0%-5.0pp	90.0%+0.1pp	90.0%-0.4pp	90.4%-1.9pp	92.3%+0.6pp	91.7%
Operating Margin	-21.2%+14.4pp	-35.6%+42.2pp	-77.8%-63.4pp	-14.4%-7.8pp	-6.6%+11.5pp	-18.2%
Net Margin	-17.7%+13.7pp	-31.4%+42.1pp	-73.5%-56.9pp	-16.5%-44.0pp	27.5%+43.9pp	-16.4%
Return on Equity	-26.3%+4.8pp	-31.1%+29.1pp	-60.2%-48.5pp	-11.6%-31.6pp	20.0%+36.8pp	-16.8%
Return on Assets	-19.4%+4.9pp	-24.4%+22.8pp	-47.2%-37.3pp	-9.9%-26.6pp	16.7%+29.7pp	-13.0%
Current Ratio	4.11-1.5	5.63-0.8	6.43-2.1	8.57+1.0	7.58+3.2	4.43
Debt-to-Equity	0.35+0.1	0.280.0	0.28+0.1	0.18-0.0	0.20-0.1	0.29
FCF Margin	-0.1%+21.5pp	-21.6%+3.7pp	-25.3%-26.8pp	1.5%-8.8pp	10.3%+7.3pp	3.0%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	79.6%+3.3pp	76.3%-3.9pp	80.2%-0.6pp	80.7%-2.7pp	83.4%-3.5pp	86.9%-2.7pp	89.6%-0.1pp	89.7%
Operating Margin	-17.0%+1.2pp	-18.3%+6.7pp	-25.0%-9.6pp	-15.4%+0.5pp	-15.9%+20.5pp	-36.3%-18.1pp	-18.2%-9.6pp	-8.6%
Net Margin	11.6%+27.8pp	-16.2%+6.4pp	-22.6%-10.0pp	-12.7%-0.1pp	-12.5%+19.8pp	-32.4%-18.1pp	-14.2%-9.6pp	-4.6%
Return on Equity	4.4%+11.5pp	-7.2%+2.0pp	-9.1%-4.2pp	-5.0%-0.4pp	-4.6%+4.8pp	-9.4%-5.7pp	-3.8%-2.6pp	-1.2%
Return on Assets	3.4%+8.8pp	-5.5%+1.5pp	-7.0%-3.3pp	-3.7%-0.2pp	-3.5%+3.9pp	-7.4%-4.4pp	-3.0%-2.1pp	-0.9%
Current Ratio	4.49-0.0	4.51-0.2	4.71+0.6	4.11-0.6	4.69-0.6	5.33-0.5	5.80+0.2	5.63
Debt-to-Equity	0.30-0.0	0.310.0	0.31-0.0	0.35+0.0	0.31+0.0	0.27+0.0	0.24-0.0	0.28
FCF Margin	25.9%+36.1pp	-10.2%+13.4pp	-23.6%-32.6pp	9.0%+9.3pp	-0.4%+8.3pp	-8.7%-7.4pp	-1.2%+18.5pp	-19.7%

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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 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 return on equity (ROE)?

Truecar Inc (TRUE) has a return on equity of -26.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

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 42 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.