SunCar Technology Forecasting Its Third Consecutive Quarter of Profitability in Q1 2026 and Year-over-Year Revenue Growth of 25%
SunCar Technology (NASDAQ:SDA) released preliminary unaudited estimates for Q1 2026, projecting its third consecutive profitable quarter.
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Rhea-AI Summary
SunCar Technology (NASDAQ:SDA) released preliminary unaudited estimates for Q1 2026, projecting its third consecutive profitable quarter. Estimated net income is $1 million, improving from a $3.6 million loss in Q1 2025, on forecast revenue of $128 million, about 25% year-over-year growth.
Positive
- Q1 2026 net income estimated at $1 million vs. $3.6 million loss in Q1 2025
- Third consecutive profitable quarter projected for Q1 2026
- Q1 2026 revenue forecast at $128 million, about 25% year-over-year growth
Negative
- Figures are preliminary and unaudited, so actual Q1 2026 results may differ from estimates
Details
News Market Reaction – SDA
On May 18, the day this news came out, SDA closed 4.15% below the previous close.
Data tracked by StockTitan Argus for the May 18 session.
Key Figures
- Q1 2026 net income
- $1 million
- Forecast preliminary unaudited Q1 2026
- Q1 2025 net loss
- $3.6 million
- Reported Q1 2025 loss for comparison
- Q1 2026 revenue
- $128 million
- Forecast preliminary unaudited Q1 2026 revenue
- Revenue growth YoY
- 25%
- Estimated Q1 2026 year-over-year revenue increase vs Q1 2025
- Consecutive profitable quarters
- 3
- Q1 2026 forecast marks third straight profitable quarter
Previous Earnings Reports
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Reported record 2025 revenue and maintained bullish 2026 revenue forecast.
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Forecasted higher 2025 and 2026 revenue with expectation of H2 2025 profitability.
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Q3 revenue growth and swing from prior-year loss to positive net income.
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H1 revenue growth with sharply narrowed net loss and stronger EV insurance metrics.
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Q1 2025 revenue up 20% with improved but still negative operating results.
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Third Consecutive Quarter of Profitability
Estimated Net Income of
Estimated Q1 Revenue Increase of
NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in AI-powered auto insurance and auto services, is releasing its preliminary unaudited revenue and net income estimates for the first quarter of 2026.
For the first quarter of 2026, SunCar is forecasting preliminary unaudited net income of
"SunCar had an excellent first quarter of the year with strong year-over-year growth and increased profitability. I’m particularly pleased with the Company achieving its third consecutive profitable quarter and the dramatic improvement in profitability from the first quarter of last year," said Zaichang Ye, Chairman and CEO of SunCar.
About SunCar Technology Group Inc.
Founded in 2007, SunCar is leveraging AI to transform the customer journey for auto insurance and services in China, the largest vehicle market in the world. SunCar develops and operates an AI cloud platform that seamlessly connects drivers with a wide range of auto services and insurance options offered by a nationwide network of sales partners. The Company's intelligent B2B cloud platform empowers its enterprise customers to access, manage, and optimize their auto eInsurance and auto service offerings. For more information, please visit: https://ir.suncartech.com.
Forward-Looking Statements
This press release contains information about the Company’s view of its future expectations, plans, and prospects that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Forward-looking statements in this release include statements regarding the planned launch of AI-powered services, expected improvements in customer experience, potential cost reductions, and the development of SaaS solutions. These statements involve risks, including technology development challenges, market acceptance, regulatory approval requirements, and the ability to scale AI implementations. For a detailed discussion of these risks, please refer to the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise these statements, except as required by law.
Contact Information:
SunCar:
Investor Relations: Mr. Breaux Walker
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com
SOURCE: SunCar Technology Group Inc.
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