Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 132

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 132
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 not be considered as a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP financial measures used by other companies. Because of these limitations, we consider, and you should consider, our non-GAAP financial measures alongside other financial performance measures presented in accordance with GAAP. A reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP is provided below. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. The following table summarizes our non-GAAP financial measures, along with the most directly comparable GAAP measure, for each period presented below.

|                     |     | For             
 the Years Ended 
 March 31,       |        2024 |   |     |   |        2023 |   |
|:--------------------|:----|:----------------|------------:|:--|:----|:--|------------:|:--|
| Gross loss          |     | $               |    (434,362 | ) |     | $ | (11,849,405 | ) |
| Gross margin        |     |                 |          -4 | % |     |   |        -134 | % |
| Contribution loss   |     |                 |    (979,154 | ) |     |   | (14,227,150 | ) |
| Contribution margin |     |                 |         -10 | % |     |   |        -161 | % |
| Net loss            |     |                 | (34,277,251 | ) |     |   | (62,032,076 | ) |
| Adjusted EBITDA     |     |                 | (17,845,538 | ) |     |   | (32,105,321 | ) |

Contribution Profit (Loss) and Contribution Margin We define contribution profit (loss) as our gross profit (loss) plus (a) depreciation expense included in cost of revenue, (b) stock-based compensation expense included in cost of revenue, (c) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing). We use contribution profit (loss) and contribution margin as indicators of the economic impact of a new booking on our platform, as they capture the direct expenses attributable to a new booking on our