SDA revenueFY2025$489.29M
- FY YoY
- +10.7%
SDA revenue was $489.29M for fiscal 2025 (ended Dec 31, 2025), up 10.7% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.
SunCar Technology Group Inc. (SDA) financials
For fiscal 2025 (ended Dec 31, 2025), SunCar Technology Group Inc. reported $489.29M of revenue and -$3.94M of net income.
- Revenue, FY2025
- $489.29M
- Revenue growth, YoY
- +10.7%
- Net income, FY2025
- -$3.94M
- Net margin
- -0.8%
- Free cash flow, FY2025
- $5.34M
- EPS, diluted, FY2025
- -$0.04
- Cash
- $25.02M
- Total debt
- $1.43M
- P/S
- 0.08
- Market cap
- $39.6M
FY2021FY2025
FY2021FY2025
FY2021FY2025
SDA revenue and earnings growth
SDA net incomeFY2025-$3.94M
SDA net income was -$3.94M for fiscal 2025 (ended Dec 31, 2025), compared with -$68.66M in fiscal 2024.
SDA EPSFY2025-$0.04
SDA diluted EPS was -$0.04 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.72 in fiscal 2024.
SDA free cash flowFY2025$5.34M
- FY YoY
- -52.6%
SDA free cash flow was $5.34M for fiscal 2025 (ended Dec 31, 2025), down 52.6% from fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $489.29M | $441.90M | $363.75M | $282.41M | $249.24M |
| Research and development | $8.96M | $40.24M | $14.11M | $8.48M | $3.65M |
| Selling, general and admin | $18.99M | $46.99M | $22.46M | $37.74M | $10.42M |
| Operating income | $3.88M | -$58.36M | -$15.46M | -$12.58M | $10.36M |
| Pre-tax income | -$2.05M | -$61.60M | -$15.01M | -$10.67M | $10.53M |
| Income tax | $346.0K | $2.85M | $2.57M | $231.0K | $938.0K |
| Net income | -$3.94M | -$68.66M | -$26.91M | -$6.67M | -$23.72M |
| EPS, basic | -$0.04 | -$0.72 | -$0.31 | -$0.08 | -$0.29 |
| EPS, diluted | -$0.04 | -$0.72 | -$0.31 | -$0.08 | -$0.29 |
| Diluted shares | 102.1M | 96.0M | 85.4M | 81.6M | 81.6M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $25.02M | $26.86M | $30.85M | $23.92M | $37.92M |
| Short-term investments | $21.60M | $20.98M | $21.60M | $26.54M | - |
| Receivables | $59.77M | $75.61M | $56.04M | $85.62M | - |
| Current assets | $183.30M | $196.27M | $175.20M | $145.35M | - |
| Total assets | $253.20M | $246.73M | $223.24M | $191.97M | - |
| Current liabilities | $147.26M | $156.76M | $124.39M | $155.19M | - |
| Short-term debt | $71.0K | $83.60M | $83.03M | $74.65M | - |
| Long-term debt | $1.36M | - | - | - | - |
| Total debt | $1.43M | - | - | $40.85M | - |
| Total liabilities | $162.51M | $180.49M | $155.25M | $155.19M | - |
| Shareholders' equity | $32.55M | $11.89M | $67.99M | $36.78M | $26.46M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $5.72M | $11.84M | -$27.65M | -$16.14M | -$25.57M |
| Capital expenditures | $380.0K | $588.0K | $4.93M | $4.35M | $1.28M |
| Free cash flow | $5.34M | $11.25M | -$32.58M | -$20.50M | -$26.85M |
| Investing cash flow | -$12.90M | -$12.15M | -$2.39M | -$5.92M | -$20.68M |
| Financing cash flow | $4.37M | -$2.95M | $40.43M | $10.64M | -$66.0K |
| Stock-based compensation | - | $62.04M | $9.78M | - | - |
| Depreciation and amortization | $4.74M | $4.50M | $4.11M | $5.08M | $4.05M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 10.7% | 21.5% | 28.8% | 13.3% | - |
| Operating margin | 0.8% | -13.2% | -4.3% | -4.5% | 4.2% |
| Net margin | -0.8% | -15.5% | -7.4% | -2.4% | -9.5% |
| Free cash flow margin | 1.1% | 2.5% | -9.0% | -7.3% | -10.8% |
| Return on equity | -12.1% | -577.4% | -39.6% | -18.1% | -89.6% |
| Return on assets | -1.6% | -27.8% | -12.1% | -3.5% | - |
| Current ratio | 1.24 | 1.25 | 1.41 | 0.94 | - |
| Debt to equity | 0.04 | - | - | 1.11 | - |
Source: XBRL data SunCar Technology Group Inc. files with the SEC, latest filing dated Apr 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
SDA peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SDA | $489.29M | +10.7% | -$3.94M | -0.8% | $39.6M |
| GPC | $25.33B | +5.3% | $31.04M | 0.1% | $16.93B |
| DRVN | $1.93B | +7.6% | $165.27M | 8.6% | $1.96B |
| GT | $17.59B | -3.9% | -$832.00M | -4.7% | $1.26B |
| EVGO | $402.95M | +30.7% | -$54.41M | -13.5% | $575.6M |
| MNRO | $1.14B | -4.4% | $798.0K | 0.1% | $342.9M |
| AZI | $122.80M | -1.6% | -$16.51M | -13.4% | $42.0M |
| YSXT | $83.47M | +16.8% | $2.80M | 3.4% | $41.8M |
SDA FAQ
8 questionsWhat is SDA revenue?
SunCar Technology Group Inc. (SDA) reported $489.29M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 10.7% from the year before.Is SDA profitable?
No. SunCar Technology Group Inc. reported a net loss of $3.94M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does SDA have?
SunCar Technology Group Inc. reported $25.02M in cash and cash equivalents and $1.43M of debt on its most recent balance sheet in SEC filings.How fast is SDA revenue growing?
SunCar Technology Group Inc.'s revenue changed +10.7% in fiscal 2025, to $489.29M.What is SDA free cash flow?
SunCar Technology Group Inc. generated $5.34M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $5.72M less capital expenditures.What is SDA earnings per share?
Diluted earnings per share were -$0.04 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did SDA last report financial results?
The latest statements here come from SunCar Technology Group Inc.'s 20-F filed on Apr 28, 2026, covering the period ended Dec 31, 2025.Where does this SDA financial data come from?
Quantisnow builds these statements from the structured XBRL data SunCar Technology Group Inc. files with the SEC. It is provided for information only and is not investment advice.