SunCar Technology Group (SDA) Company Report

Analyst Coverage

Research analysts covering SunCar Technology Group.

Recent press releases and 8-K filings for SDA.

SunCar Technology Group Inc. Reports Q3 2025 Profitability and Strong EV Partnership Growth

SDA

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

SunCar Technology Group Inc. reported a net income of $1.4 million in Q3 2025, an increase from a net loss of $1.4 million in the same quarter of 2024, indicating a profitable growth model.
For the twelve months ending September 30, 2025, SunCar's platform enabled the sale of 7.2 million insurance contracts and completed 23.2 million auto service transactions.
The company demonstrated significant growth in its EV partnerships, with insurance premium revenues for Tesla growing 190% to $328 million and for Xpeng growing over 200% to $160 million in the first nine months of 2025 compared to the first nine months of 2024.
Total revenue for the LTM (Last Twelve Months) period ending September 30, 2025, reached $467 million, with an approximate 20% revenue CAGR from 2022.

4 days ago

SunCar Technology Group Inc. Reports Improved Q3 2025 Financial Results and Key Capital Activities

SDA

Earnings

Share Buyback

Legal Proceedings

For the nine months ended September 30, 2025, total revenues increased by 8% to $338,084 thousand from $312,709 thousand in the prior year period, and net loss significantly decreased by 93% from $(61,573) thousand to $(4,126) thousand. The company also reported an operating income of $1,707 thousand, a substantial improvement from an operating loss of $(58,366) thousand in the same period of 2024.
In February 2025, SunCar Technology Group Inc. issued 7,142,858 Class A ordinary shares, resulting in approximately $41.6 million in net proceeds. Following this, the board authorized a share repurchase program of up to $30 million of its Class A ordinary shares.
As a subsequent event, on October 31, 2025, GEM presented a winding-up petition against SunCar for a non-payment of $3.1 million. This petition was adjourned on December 16, 2025, following an agreement between SunCar and GEM for the total payment to be made in two equal installments by January 31, 2026.

Dec 22, 2025, 1:31 PM

SunCar Technology Group Reports Third Quarter 2025 Results

SDA

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

SunCar Technology Group Inc. reported revenue of $115.8 million for the third quarter of 2025, marking a 6% increase compared to the third quarter of 2024.
The company achieved a net income of $1.4 million in Q3 2025, a significant improvement from a net loss of $1.4 million in the third quarter of 2024.
Adjusted EBITDA increased by 128% to $4.9 million for the third quarter of 2025, up from $2.2 million in the prior-year period.
SunCar successfully launched its insurance business at authorized Tesla body repair centers and secured a contract estimated to be worth approximately $3 million per year for the next 3 years to provide VIP transport services for the Strawberry Music Festival.
The company also completed the acquisition of Jiayi Auto Insurance and initiated the acquisition of Dalian Jinhainiu Insurance, expanding its regional coverage.

Dec 18, 2025, 2:21 PM

SunCar Partners with ByteDance for AI-Powered Digitalization

SDA

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

SunCar Technology Group Inc. (SDA) has signed an AI technology cooperation agreement with ByteDance's Volcano Engine, integrating the Doubao Large Language Model (LLM) into its core services to advance its AI-based digitalization strategy.
The integration is projected to significantly improve auto insurance operations, with expected enhancements including a 40% increase in policy matching accuracy and a reduction in customer acquisition costs for renewals by up to 70%.
For auto services, the collaboration aims to reduce average response times from 30 minutes to under 5 minutes and is expected to boost service customer conversion rates by 35% through improved predictive maintenance.
By 2026, SunCar anticipates its intelligent dispatch system will cover approximately 80% of its national service network, and customer retention for its auto insurance SaaS platform will rise to 90%.

Oct 20, 2025, 12:00 PM

SunCar Announces Plans to Invest in RWA Cryptocurrencies

SDA

New Projects/Investments

SunCar Technology Group Inc. announced its Board of Directors authorized an investment of up to $10 million in select major cryptocurrencies expected to benefit from the growth of Real-World Asset ("RWA") tokenization.
This investment is part of a new capital allocation strategy to develop a blockchain and tokenized RWA platform, aiming to maximize long-term shareholder value.
The company believes RWA tokenization, with the market projected to reach $19 trillion by 2033 from approximately $25 billion in mid-2025, presents an attractive investment opportunity.
SunCar views blockchain integration and RWA tokenization as a natural evolution for its AI-powered cloud technology in digital auto insurance and services.