Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 43

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 43
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 31, 2024 to US$46.0 million for the three months ended March 31, 2025. The increase was driven by the increase of service orders in the first three months of 2025. The extensive service network we developed is able to serve more enterprise customers and complete more auto services in 2025. Operating costs and expenses.Operating costs and expenses increased by 17% from US$90.1 million for the three months ended March 31, 2024 to US$105.6 million for the three months ended March 31, 2025, such increase is in line with the increase of overall revenue. Integrated service cost.Integrated service cost increased by 9% from US$44.5 million for the three months ended March 31, 2024 to US$48.4 million for the three months ended March 31, 2025. The increase of integrated service costs was in line with the increase of revenue in our technology service and auto service revenue. Promotional service expenses. Promotional service expenses increased by 26% from US$35.4 million for the three months ended March 31, 2024 to US$44.7 million for the three months ended March 31, 2025. The increase in promotional service expenses was in line with the increase of revenue in our auto eInsurance service. Selling expenses. Selling expenses increased by 22% from US$5.0 million for the three months ended March 31, 2024 to US$6.1 million for the three months ended March 31, 2025, primarily due to the increase in expense of US$0.7 million for market expansion and US$0.2 million depreciation of fixed assets. General and administrative expenses.General and administrative expenses increased by 17% from US$4.6 million for the three months ended March 31, 2024 to US$5.4 million for the three months ended March 31, 2025, primarily due to the increase of US$0.7 million in consulting fees and US$0.1 million in office expenses. Research and development expenses.Research and development expenses increased by 52% from US$0.6 million for the three months ended March 31, 2024 to US$0.9 million for the three months ended March 31, 2025, primarily due to an increase of US$0.3 million in technology service fees due to the increase in