Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 165

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 165
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1,566)Operating lease liabilities(1,727)(3,072)Accrued expenses and other current liabilities(3,235)331 Net cash provided by operating activities2,000 1,846 Cash flows from investing activities  Purchase of property and equipment(6,165)(6,151)Net cash used in investing activities(6,165)(6,151)Cash flows from financing activities  Payment of contingent consideration liability(2,784)(1,610)Proceeds from exercise of common stock options— 61 Taxes paid related to net share settlement of equity awards(1,571)(2,608)Payments for the repurchase of common stock— (13,993)Taxes paid related to repurchase of common stock(129)— Net cash used in financing activities(4,484)(18,150)Net decrease in cash, cash equivalents and restricted cash(8,649)(22,455)Cash, cash equivalents and restricted cash at beginning of period111,835 136,964 Cash, cash equivalents and restricted cash at end of period$103,186 $114,509 

See accompanying notes to condensed consolidated financial statements.

9

TRUECAR, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited)

(Continued)

Nine Months Ended September 30,20252024Supplemental disclosures of non-cash activitiesStock-based compensation capitalized for software development$590 $554 Capitalized assets included in accounts payable, accrued employee expenses and other accrued expenses927 779 

See accompanying notes to condensed consolidated financial statements.

10

TRUECAR, INC. 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1.    Organization and Nature of Business

TrueCar, Inc. is an internet-based information, technology, and communication services company. TrueCar, Inc. and its wholly owned subsidiaries TrueCar Dealer Solutions, Inc., Digital Motors Corporation, and TrueCar Wholesale Solutions, Inc. are collectively referred to as “TrueCar” or the “Company,” TrueCar Dealer Solutions, Inc. is referred to as “TCDS,” Digital Motors Corporation is referred to as “Digital Motors,” and TrueCar Wholesale Solutions, Inc. is referred to as “TCWS.” TrueCar was incorporated in the state of Delaware in February 2005 and began business operations in April 2005. Its principal