Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 220

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 220
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1,662 1,776 4,744 3,989 Outsourced services2,401 3,453 6,984 8,077 Data licensing, software and hosting5,582 5,162 16,756 15,815 Other segment expenses (1)5,317 4,894 18,469 10,555 Interest income(950)(1,560)(2,973)(4,876)Depreciation and amortization2,569 4,408 9,883 13,677 Restructuring charges (2)369 — 972 1,474 Stock-based compensation3,166 2,953 9,791 8,774 Other income (3)(11,397)— (11,397)— Other reconciling items (4)836 230 2,917 7,385 Net income (loss)$4,997 $(5,831)$(12,766)$(25,199)(1) Other segment expenses includes costs associated with acquiring wholesale vehicles, facilities costs and other operating costs.(2) Restructuring charges represent charges associated with the departure of our former Chief Revenue Officer in the third quarter of 2025, the reorganization of the dealer sales and service organization in June 2025, and the realignment of the Company’s leadership structure, which began in the third quarter of 2023 and concluded in the second quarter of 2024.(3) Other income solely represents the gain on legal settlement resulting from the CDK Settlement Agreement as described in Note 5.(4) Other reconciling items solely includes changes in fair value of contingent consideration liability, interest accretion for terminated lease, lease exit costs, transaction costs incurred in connection with negotiating the Merger, and income taxes, which are all disclosed elsewhere in the consolidated financial statements and accompanying footnotes.Assets provided to the CODM are consistent with those reported on the consolidated balance sheet. All of the Company’s principal operations, decision-making functions and long-lived assets are maintained in the United States and all losses are attributable to the United States.

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11.    Subsequent Events

Merger AgreementOn October 14, 2025, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), with Fair Holdings, Inc. (“Parent”), and Rapid Merger Subsidiary, Inc., a wholly-owned subsidiary of Parent (“Merger Subs