Truecar Inc Financials
Truecar Inc (TRUE) reported $175.6M in revenue for fiscal year 2024, up 10.6% from the prior fiscal year. This page shows its 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).
TrueCar’s dominant mechanic is a high-gross-margin model whose cost base still absorbs most gross profit, leaving cash near break-even.
In FY2024, the cash conversion picture improved before earnings did: operating cash flow reached$7.7M while net income remained-$31M . Capital expenditures of$7.9M nearly consumed that inflow, leaving free cash flow at-$159K and showing how reinvestment, rather than operating losses alone, limits cash accumulation.
Margin recovery remains incomplete: gross margin fell to
Liquidity is a buffer, not a growth engine: cash of
Financial Health Signals
Scored against emerging 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 Truecar 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.
Not available for Truecar Inc, and counted as zero in the overall score.
Truecar Inc scores -0.84, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($225.9M) relative to total liabilities ($41.6M). 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.
Truecar Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Truecar Inc reported a net loss of $31.0M while generating $7.7M 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.
Key Financial Metrics
Earnings & Revenue
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 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.
Cash & Balance Sheet
Truecar Inc recorded an outflow of $159K in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 99.5% from the prior year.
Truecar Inc held $111.8M in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Margins & Returns
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'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
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.
Not reported for fiscal year 2024.
TRUE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $181.2M | $175.6M+10.6% | $158.7M-1.7% | $161.5M-30.3% | $231.7M-16.9% | $278.7M-16.8% | $335.0M0.0% | $335.1M+3.7% | $323.1M+16.4% | $277.5M+6.8% | $259.8M+25.7% | $206.6M+54.3% | $134.0M+67.7% | $79.9M |
| Cost of Revenue | $37.8M | $26.4M+66.4% | $15.9M-2.2% | $16.2M-27.1% | $22.2M+3.2% | $21.5M-22.6% | $27.8M+6.5% | $26.1M | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $143.5M | $149.2M+4.5% | $142.8M-1.7% | $145.3M-30.6% | $209.5M-18.5% | $257.1M-16.3% | $307.2M-0.6% | $309.0M | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $36.7M | $43.1M+7.0% | $40.3M-8.5% | $44.1M-9.6% | $48.7M-2.5% | $50.0M-22.3% | $64.3M+21.9% | $52.8M-14.4% | $61.6M+2.9% | $59.9M-28.2% | $83.5M+43.2% | $58.3M+88.9% | $30.9M-9.8% | $34.2M |
| Operating Income | -$34.2M | -$37.2M+34.2% | -$56.5M+55.1% | -$125.7M-275.5% | -$33.5M-80.8% | -$18.5M+69.6% | -$60.9M-84.1% | -$33.1M+1.8% | -$33.7M+13.5% | -$38.9M+39.2% | -$64.0M-34.7% | -$47.5M-109.9% | -$22.6M+68.6% | -$72.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $2.6M+1.5% | $2.6M+3.2% | $2.5M+471.1% | $443K+16.6% | $380K-80.9% | $2.0M-40.8% | $3.4M |
| Income Tax | $13K | $15K-11.8% | $17K+100.7% | -$2.6M-1342.7% | $206K+3533.3% | -$6K+99.5% | -$1.3M-9.3% | -$1.2M+44.1% | -$2.2M-430.4% | $655K+8.1% | $606K-5.3% | $640K+10.5% | $579K+195.5% | -$606K |
| Net Income | -$18.6M | -$31.0M+37.6% | -$49.8M+58.1% | -$118.7M-209.6% | -$38.3M-150.1% | $76.5M+239.4% | -$54.9M-93.8% | -$28.3M+13.8% | -$32.8M+21.2% | -$41.7M+35.7% | -$64.9M-34.0% | -$48.4M-93.3% | -$25.1M+66.4% | -$74.5M |
| EPS (Diluted) | — | -$0.34+38.2% | -$0.55+57.7% | -$1.30-233.3% | -$0.39 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TRUE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $159.7M-21.8% | $204.3M-18.8% | $251.5M-35.1% | $387.7M-15.4% | $458.1M+8.6% | $421.7M+0.2% | $421.0M+9.4% | $384.8M+30.7% | $294.4M-2.6% | $302.4M+1.8% | $297.0M+69.9% | $174.8M | N/A |
| Current Assets | $135.1M-17.1% | $163.1M-17.6% | $197.8M-26.7% | $269.9M-16.9% | $324.9M+35.5% | $239.7M-6.2% | $255.5M+4.9% | $243.6M+59.3% | $152.9M0.0% | $153.0M-17.1% | $184.5M+165.2% | $69.6M | N/A |
| Cash & Equivalents | $111.8M-18.3% | $137.0M-22.0% | $175.5M-28.4% | $245.2M-10.3% | $273.3M+50.6% | $181.5M-7.4% | $196.1M-0.8% | $197.8M+83.6% | $107.7M-4.1% | $112.4M-23.8% | $147.5M+236.7% | $43.8M+98.6% | $22.1M |
| Accounts Receivable | $15.7M-13.8% | $18.3M+32.5% | $13.8M-17.5% | $16.7M-49.2% | $32.9M-13.9% | $38.2M-19.9% | $47.8M+21.9% | $39.2M+6.2% | $36.9M+9.2% | $33.8M+17.4% | $28.7M+52.9% | $18.8M | N/A |
| Goodwill | N/A | N/A | $0-100.0% | $51.2M0.0% | $51.2M-13.9% | $59.5M-18.9% | $73.3M+37.6% | $53.3M0.0% | $53.3M0.0% | $53.3M0.0% | $53.3M0.0% | $53.3M | N/A |
| Total Liabilities | $41.6M-5.8% | $44.1M-18.7% | $54.3M-6.3% | $57.9M-23.1% | $75.3M-20.3% | $94.4M+26.9% | $74.4M+3.8% | $71.7M+2.6% | $69.9M+0.3% | $69.7M+45.9% | $47.8M+43.2% | $33.3M | N/A |
| Current Liabilities | $32.9M+13.5% | $29.0M-5.9% | $30.8M-2.2% | $31.5M-26.6% | $42.9M-20.8% | $54.2M+30.3% | $41.6M+9.4% | $38.0M+7.4% | $35.4M-9.6% | $39.1M+0.6% | $38.9M+25.6% | $30.9M | 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-5.6% | $346.6M+10.7% | $313.1M+39.4% | $224.6M-3.5% | $232.7M-6.6% | $249.2M+122.1% | $112.2M+14.2% | $98.2M |
| Retained Earnings | -$593.3M-5.5% | -$562.3M-9.7% | -$512.5M-30.1% | -$393.8M-10.8% | -$355.5M+17.7% | -$432.1M-15.7% | -$373.5M-6.4% | -$351.1M-10.3% | -$318.2M-15.3% | -$275.9M-30.8% | -$211.0M-29.8% | -$162.6M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
TRUE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.9M | $7.7M+134.4% | -$22.4M+23.1% | -$29.1M-305.3% | $14.2M-63.7% | $39.1M+92.3% | $20.3M-18.1% | $24.8M+12.3% | $22.1M+699.1% | $2.8M+124.3% | -$11.4M-466.3% | $3.1M+179.4% | -$3.9M+88.0% | -$32.7M |
| Capital Expenditures | $7.9M | $7.9M-33.4% | $11.8M+1.1% | $11.7M+9.3% | $10.7M+4.0% | $10.3M+0.9% | $10.2M-36.8% | $16.1M-18.6% | $19.8M+19.1% | $16.6M-44.2% | $29.8M+92.1% | $15.5M+84.8% | $8.4M+35.5% | $6.2M |
| Free Cash Flow | -$19K | -$159K+99.5% | -$34.2M+16.2% | -$40.8M-1264.5% | $3.5M-87.8% | $28.8M+183.8% | $10.2M+16.6% | $8.7M+277.5% | $2.3M+116.6% | -$13.9M+66.3% | -$41.2M-231.6% | -$12.4M-0.9% | -$12.3M+68.4% | -$38.9M |
| Investing Cash Flow | -$7.9M | -$7.9M+33.4% | -$11.8M-47.1% | -$8.0M-90.9% | -$4.2M-104.1% | $101.9M+395.7% | -$34.5M+20.2% | -$43.2M-118.0% | -$19.8M | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$11.3M | -$25.0M-476.5% | -$4.3M+86.7% | -$32.5M+14.6% | -$38.1M+22.6% | -$49.2M-10157.9% | -$480K-102.9% | $16.7M-80.9% | $87.7M | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $20.1M | $0-100.0% | $29.8M-6.8% | $31.9M-25.4% | $42.8M | $0 | $0 | N/A | N/A | $0 | $0-100.0% | $1.0M-39.3% | $1.6M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TRUE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.0%-5.0pp | 90.0%+0.1pp | 90.0%-0.4pp | 90.4%-1.9pp | 92.3%+0.6pp | 91.7%-0.5pp | 92.2% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -21.2%+14.4pp | -35.6%+42.2pp | -77.8%-63.4pp | -14.4%-7.8pp | -6.6%+11.5pp | -18.2%-8.3pp | -9.9%+0.6pp | -10.4%+3.6pp | -14.0%+10.6pp | -24.6%-1.6pp | -23.0%-6.1pp | -16.9%+73.2pp | -90.1% |
| Net Margin | -17.7%+13.7pp | -31.4%+42.1pp | -73.5%-56.9pp | -16.5%-44.0pp | 27.5%+43.9pp | -16.4%-7.9pp | -8.5%+1.7pp | -10.2%+4.9pp | -15.0%+10.0pp | -25.0%-1.5pp | -23.4%-4.7pp | -18.7%+74.6pp | -93.3% |
| 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%-8.6pp | -8.2%+2.3pp | -10.5%+8.1pp | -18.6%+9.3pp | -27.9%-8.5pp | -19.4%+2.9pp | -22.3%+53.5pp | -75.9% |
| 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%-6.3pp | -6.7%+1.8pp | -8.5%+5.6pp | -14.2%+7.3pp | -21.5%-5.2pp | -16.3%-2.0pp | -14.3% | N/A |
| Current Ratio | 4.11-1.5x | 5.63-0.8x | 6.43-2.1x | 8.57+1.0x | 7.58+3.2x | 4.43-1.7x | 6.15-0.3x | 6.41+2.1x | 4.32+0.4x | 3.91-0.8x | 4.75+2.5x | 2.25 | N/A |
| Debt-to-Equity | 0.35+0.1x | 0.280.0x | 0.28+0.1x | 0.180.0x | 0.20-0.1x | 0.29+0.1x | 0.210.0x | 0.23-0.1x | 0.310.0x | 0.30+0.1x | 0.19-0.1x | 0.30 | N/A |
| FCF Margin | -0.1%+21.5pp | -21.6%+3.7pp | -25.3%-26.8pp | 1.5%-8.8pp | 10.3%+7.3pp | 3.0%+0.4pp | 2.6%+1.9pp | 0.7%+5.7pp | -5.0%+10.9pp | -15.9%-9.8pp | -6.0%+3.2pp | -9.2%+39.5pp | -48.7% |
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Where Truecar Inc Ranks
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) recorded an outflow of $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.
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 Altman Z-Score?
Truecar Inc (TRUE) has an Altman Z-Score of -0.84, 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 Truecar Inc's Piotroski F-Score?
Truecar Inc (TRUE) has a Piotroski F-Score of 5 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 Truecar Inc's earnings high quality?
Truecar Inc (TRUE) reported a net loss of $31.0M while generating $7.7M 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.
How financially healthy is Truecar Inc?
Truecar Inc (TRUE) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.