Getaround Stock Price, News & Analysis

Getaround, Inc. (GETR) is described in its public communications as the world’s first connected carsharing marketplace. The company focuses on making the sharing of cars and trucks simple through a digital platform that uses proprietary cloud technology and in-car Getaround Connect® hardware. Getaround states that its marketplace is designed to help consumers shift away from traditional car ownership by providing instant and convenient access to vehicles offered by entrepreneurial hosts.

According to the company, Getaround’s on-demand technology enables a contactless experience for both hosts and guests. The platform is intended to remove the need to wait in line at a car rental facility, manually complete paperwork, or meet someone in person to exchange keys. Instead, users access vehicles through the Getaround system, which integrates its in-car technology with its cloud-based software.

Getaround describes its purpose and mission as supporting a transition to a more sustainable society, economy, and environment through its peer-to-peer connected carsharing marketplace. By enabling short-term access to cars and trucks, the company aims to offer mobility-on-demand options that can reduce dependence on personal vehicle ownership and provide income opportunities for vehicle owners who list their cars on the platform.

The company states that it launched in 2011 and that its service is available in more than 1,000 cities across 8 countries, including the United States and markets in Europe. In multiple public releases, Getaround notes that it operates both in the U.S. and in European countries, and that its business includes a wholly owned subsidiary focused on gig carsharing, HyreCar.

Getaround’s technology and operations are built around its proprietary Getaround Connect® in-car device and related cloud systems. These tools are used to enable digital access to vehicles and to support the company’s peer-to-peer marketplace model. The company also discusses the use of non-GAAP financial measures such as Gross Booking Value, Trip Contribution Profit, Trip Contribution Margin, and Adjusted EBITDA as internal performance indicators, though these are financial metrics rather than descriptions of products or services.

In February 2025, Getaround announced plans to commence an orderly wind-down of its U.S. business operations, which include its car-share and HyreCar businesses. In that announcement, the company stated that its European business will continue operating to provide car-sharing services for customers in its current European markets. The company indicated that this decision followed analysis of various strategic options and was driven by an ongoing lack of liquidity that made U.S. operations no longer viable.

Getaround has also communicated that it views its European operations as a key strategic focus. In its February 2025 statement, the company described itself as a leading car-sharing platform in Europe and indicated that its European business is positioned to help accelerate its path to profitability, reflecting a shift in emphasis toward those markets.

From a capital markets perspective, Getaround’s common stock has traded under the symbol GETR. The company has disclosed that its shares were previously listed on the New York Stock Exchange and that trading on that exchange was suspended following a determination related to continued listing standards. Getaround has reported that its common stock and public warrants have been quoted on the OTC Markets platform, including an upgrade to the OTCQB Venture Market, and has indicated that it intends to continue as a public company with ongoing reporting obligations.

Getaround has also reported financing arrangements with Mudrick Capital Management L.P., including commitments for additional capital and an intention by Mudrick Capital to convert a portion of existing convertible debt, subject to specified conditions and approvals. These financing activities have been described by the company as part of its efforts to support its operations and its stated path toward profitability.

In its public materials, Getaround emphasizes that it uses its peer-to-peer marketplace to address challenges related to environmental sustainability and access to economic opportunity. By connecting vehicle owners and renters through a digital platform, the company positions its model as a way to provide mobility while also enabling hosts to generate income from their vehicles.

Business model and marketplace structure

Getaround characterizes its business as a peer-to-peer connected carsharing marketplace. Vehicle owners, described as entrepreneurial hosts, list their cars and trucks on the platform, while guests use the Getaround app and in-car technology to locate, unlock, and use vehicles for short-term trips. The company highlights that this structure is intended to be fully digital and contactless.

The company’s public disclosures reference service revenue and lease revenue, as well as Gross Booking Value, which it defines as the dollar value of all service transactions on its platform during a period, charged to both guests and hosts, net of cancellations. Getaround states that it views Gross Booking Value as a key indicator of market scale and uses it, along with other non-GAAP measures, to evaluate its performance.

Geographic footprint and operations

Getaround reports that it operates in more than 1,000 cities across 8 countries, including the United States and European markets. Its February 2025 announcement clarifies that, while it plans to wind down U.S. operations, its European business will continue to operate in its current European markets. The company has also referenced HyreCar, its gig carsharing subsidiary, as part of its U.S. operations that are included in the planned wind-down.

In earlier communications, the company indicated that it was headquartered in California cities such as Oakland and San Francisco in connection with various announcements, but the detailed descriptions focus on its functional operations rather than specific office locations.

Capital markets and trading status

Getaround has publicly disclosed changes in its trading venues. It reported that the New York Stock Exchange suspended trading of its common stock and began the process to delist the stock under NYSE rules related to minimum global market capitalization. The company stated that it intended to appeal the NYSE’s determination and that it expected its common stock to trade on the OTC Markets platform under the ticker symbol GETR. It later announced that its quotation had been upgraded from the OTC Pink Market to the OTCQB Venture Market, noting that eligibility for the OTCQB involves criteria such as current SEC reporting and audited financials.

Throughout these developments, Getaround has stated that it remains a public company and a reporting entity under the Securities Exchange Act of 1934, and that the delisting process from the NYSE does not affect its business operations or its focus as described in its public statements.

Corporate developments and governance

Getaround has reported various corporate governance and leadership changes, including appointments to executive roles and the board of directors. For example, it has announced the appointment of an Interim Chief Executive Officer and an Interim Chief Financial Officer, as well as the addition of independent board members. In a June 2025 Form 8-K, the company disclosed the resignation of a member of its Board of Directors and noted that the departure was not the result of any disagreement with management regarding the company’s operations, policies, or practices.

The company has also described restructuring efforts and cost optimization initiatives in its financial results releases. These communications discuss actions taken to address expenses and to focus on markets and segments that the company believes have favorable unit economics, as part of its broader effort to move toward profitability.

Use of non-GAAP metrics

In its financial communications, Getaround explains that it uses several non-GAAP financial measures—Gross Booking Value, Gross Margin from Service Revenue, Trip Contribution Profit, Trip Contribution Margin, and Adjusted EBITDA—in conjunction with GAAP measures. The company states that it uses these metrics to assess performance, prepare budgets and forecasts, evaluate business strategies, and communicate with its board. It also notes that these measures have limitations and should be considered alongside GAAP results.

Company purpose and positioning

Across its public descriptions, Getaround consistently presents itself as a peer-to-peer, connected carsharing marketplace that aims to provide a digital, contactless experience for accessing cars and trucks. It links its business model to goals related to environmental sustainability and economic opportunity, emphasizing mobility-on-demand and income potential for hosts. Its February 2025 announcement indicates a shift in operational focus toward Europe, while its historical disclosures describe a footprint that included both U.S. and European markets.