Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 135

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 135
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 margin to contribution margin for each of the periods indicated: 

Contribution Profit/(Loss)  

    For the Years Ended 
March 31, 

    2025  
    2024 
  
    Net revenue 
    $9,105,891  
    $9,897,233 
  
    Cost of revenue 
     5,296,841  
     10,331,595 
  
    Gross profit/(loss) 
     3,809,050  
     (434,362)
  
    Add: Depreciation and amortization in COR 
     340,188  
     828,111 
  
    Add: Stock-based compensation in COR 
     3,650  
     134,883 
  
    Add: Overhead costs in COR  (rent, software support, insurance, travel) 
     840,289  
     1,218,583 
  
    Less: Host Incentives and Marketing costs (excl. brand marketing) C=(A+B) 
     742,399  
     2,726,369 
  
    Less: Host incentives (A) 
     147,180  
     403,069 
  
    Less: Marketing costs (excl. brand marketing) (B) 
     595,219  
     2,323,300 
  
    Contribution profit / (loss) 
    $4,250,778  
    $(979,154)
  
    Contribution margin 
     47% 
     -10%

Adjusted EBITDA is a non-GAAP
financial measure that represents our net income or loss adjusted for (i) provision for income taxes; (ii) other income and (expense),
net; (iii) depreciation and amortization; (iv) stock-based compensation expense; and (v) finance costs.

We use adjusted EBITDA in
conjunction with net income or loss, its corresponding GAAP measure, as a performance measure that we use to assess our operating performance
and operating leverage in our business. The above items are excluded from our adjusted EBITDA measure because these items are non-cash
in nature, or because the amount and timing of these items is unpredictable, or they are not driven by core results of operations, thereby
rendering comparisons with prior periods and competitors less meaningful.

We believe that adjusted
EBITDA provides useful information to investors and others in