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SunCar Technology Group (SDA) investor relations material
SunCar Technology Group H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total revenue for the first half of 2025 rose 9% year-over-year to $222.3 million, driven by strong growth in auto insurance and technology services.
Net loss narrowed significantly to $5.5 million from $60.1 million in the prior year period.
Adjusted EBITDA was $2.5 million, down from $6 million year-over-year.
Management is prioritizing profitability and cash generation, withdrawing previous full-year revenue guidance.
Financial highlights
Auto insurance premiums for EVs surged 111.3% to $697.6 million, with revenue from EV insurance services up 115.8% to $31.5 million.
Auto insurance revenue increased 33% to $97.8 million, technology services revenue grew 11% to $24.3 million, while auto services revenue declined 7% to $100.1 million.
Total operating costs and expenses decreased 15% to $223.5 million, mainly due to lower share-based compensation.
Net loss margin improved to -2.5% from -29.6% year-over-year; adjusted EBITDA margin was 1.1%.
Outlook and guidance
Previous full-year revenue guidance of $521–$539 million has been withdrawn to focus on margin enhancement and long-term value.
Management expects continued organic revenue growth and aims for positive net income in the second half of 2025.
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