SunCar Technology Group (SDA) investor relations material

Executive summary

• Achieved net income of $3.4 million in H1 2026, reversing a $5.5 million net loss from H1 2025, driven by strong revenue growth and disciplined expense management.

• Total revenue rose 24% year-over-year to $276.5 million, with significant contributions from both auto insurance and auto services.

• Major contract wins included AgBank chauffeur and multiple Huawei ecosystem customers, expanding the company's reach and validating its integrated AI-powered platform.

• Partnerships with leading automotive and insurance brands such as Tesla, Xiaomi, NIO, Xpeng, Huawei, Zeekr, PICC, and Ping An enhanced market position.

• AI integration across operations improved efficiency and product offerings, with 45% operational efficiency gains and 80% reduction in error rates.

Financial highlights

• Net income reached $3.4 million in H1 2026, an $8.9 million improvement year-over-year.

• Adjusted EBITDA increased 276% to $9.4 million from $2.5 million in H1 2025.

• Total revenue grew 24% to $276.5 million, with auto insurance service revenue up 29% to $126.2 million and auto service revenue up 22% to $122.3 million.

• EV insurance premiums rose 31% to $915.9 million.

• Operating costs and expenses increased 21% to $270.2 million, with integrated service costs up 39% and promotional service expenses up 21%.

Outlook and guidance

• Full-year 2026 revenue is forecasted at approximately $600 million.

• Continued focus on AI-powered product innovation and expanding B2B and B2C service offerings.