Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 174

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 174
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 Program for $20.0 million, which excludes excise tax imposed under the Inflation Reduction Act of $0.1 million. As of March 31, 2025, the Company had a remaining authorization of $80 million for future share repurchases.

9.    Revenue Information

Disaggregation of RevenueThe Company disaggregates revenue into three revenue streams: dealer revenue, OEM incentives revenue, and other revenue. The following table presents the Company’s revenue categories during the periods presented (in thousands): Three Months Ended March 31, 20252024Dealer revenue$40,839 $36,046 OEM incentives revenue3,773 4,864 Other revenue198 142 Total revenues$44,810 $41,052 Contract BalancesThe Company’s contract asset balance for estimated variable consideration to be received upon the occurrence of subsequent vehicle sales is included within other current assets and is distinguished from accounts receivable in that these amounts are conditional upon subsequent sales and not only upon the passage of time. Substantially all of the contract asset balance of $1.0 million at December 31, 2024 was transferred to accounts receivable during the three months ended March 31, 2025 as vehicle sales occurred, with no significant changes in the estimate. A contract asset of $1.1 million and $1.0 million was recorded as of March 31, 2025 and December 31, 2024, respectively, for leads delivered where consideration to be received was still conditional upon subsequent vehicle sales.

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10.    Segment Reporting

The Company utilizes consolidated net income as its segment measure of profit or loss. The following is a reconciliation of the Company’s net loss. It includes the significant expense categories regularly provided to the CODM, computed under U.S. GAAP, reconciled to the Company’s total net loss as presented in the consolidated statements of comprehensive loss:Three Months Ended March 31,20252024Revenues$44,810 $41,052 Less:Headcount expense19,219 16,418 Branded media4,254 5,306 Partner marketing9,473 7,068 Other marketing1,243 1,056 Outsourced services3,433 2,454 Data licensing, software and hosting5,658 5,378 Other segment expenses*5,334 2,434 Interest income(1,068)(