SunCar Technology Group Inc. Q2 2025 Financial Results

SunCar Technology Group Inc. reported its unaudited financial results for the six months ended June 30, 2025. The company generated total revenues of $222.3 million, a 9.5% increase compared to the same period in 2024. The auto eInsurance service segment contributed $97.8 million, while the technology service and auto service segments contributed $24.3 million and $100.1 million, respectively. The company reported a net loss of $5.5 million, an improvement from the $60.1 million loss in the prior year period. Total assets increased to $277.5 million as of June 30, 2025, up from $246.7 million at the end of 2024. The company also disclosed ongoing litigation with GEM Global Yield LLC SCS, which resulted in an arbitration award of $2.8 million against the company.