Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 211

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 211
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— $— $— $— $— $3,964 $3,964 Contingent Consideration ObligationsThe following table summarizes the changes in the fair value of the contingent consideration obligation related to the Company’s acquisition of Digital Motors (in thousands):  Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Fair value, beginning of period$— $3,771 $3,964 $5,592 Cash payments— — (4,000)(2,000)Changes in fair value— 102 36 281 Fair value, end of period$— $3,873 $— $3,873 

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4.    Property and Equipment, net

Property and equipment consisted of the following at September 30, 2025 and December 31, 2024 (in thousands): September 30, 2025December 31, 2024Computer equipment and internally developed software$91,480 $86,255 Furniture and fixtures962 962 Leasehold improvements4,917 4,917  97,359 92,134 Less: Accumulated depreciation(82,991)(76,399)Total property and equipment, net$14,368 $15,735 Included in the table above are property and equipment of $0.8 million and $1.0 million at September 30, 2025 and December 31, 2024, respectively, which are capitalizable but had not yet been placed in service. These balances were comprised primarily of capitalized software not ready for its intended use.Total depreciation and amortization expense of property and equipment was $2.6 million and $2.8 million for the three months ended September 30, 2025 and 2024, respectively. Total depreciation and amortization expense of property and equipment was $7.9 million and $8.9 million for the nine months ended September 30, 2025 and 2024, respectively.Amortization of internal use capitalized software development costs was $2.5 million and $2.7 million for the three months ended September 30, 2025 and 2024, respectively. Amortization of internal use capitalized software development costs was $7.6 million and $8.5 million for the nine months ended