Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 241

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 241
---
 expenses and other current liabilities of $3.2 million, a decrease in operating lease liabilities of $1.7 million, an increase in prepaid expenses and other assets of $1.2 million, and a decrease in accrued employee expenses of $0.7 million. These were offset by a decrease in accounts receivable of $1.8 million and an increase in accounts payable of $1.3 million.

36

Cash provided by operating activities for the nine months ended September 30, 2024 was $1.9 million. This was primarily due to our net loss of $25.2 million, adjusted for non-cash items such as depreciation and amortization expense of $13.7 million, stock-based compensation expense of $8.8 million, impairment of right-of-use assets of $6.9 million, other noncash expenses of $0.8 million, amortization of lease right-of-use assets of $0.6 million, and bad debt expense of $0.5 million. Net cash provided by operations also reflected a decrease of $4.5 million from changes in operating assets and liabilities, which primarily reflected a decrease in operating lease liabilities of $3.1 million, an increase in prepaid expenses and other assets of $2.2 million, and a decrease in accrued employee expenses of $1.6 million. These decreases were offset by a decrease in accounts receivable of $1.2 million, an increase in accounts payable of $0.8 million, and an increase in accrued expenses of $0.3 million.

Investing Activities 

Cash used in investing activities of $6.2 million for the nine months ended September 30, 2025 consisted primarily of investments in software and computer hardware.

Cash used in investing activities of $6.2 million for the nine months ended September 30, 2024 consisted primarily of investments in software and computer hardware.

Financing Activities 

Cash used in financing activities of $4.5 million for the nine months ended September 30, 2025 consisted primarily of a payment for the acquisition date fair value of $2.8 million for the third and final tranche of contingent cash consideration associated with our acquisition of Digital Motors, taxes paid of $1.6 million for the net share settlement of certain equity awards, and taxes paid of $0.1 million for the repurchase of shares of our common stock under our open market stock repurchase program.

Cash used in financing activities