Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 199

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 199
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 September 30, 2024. Depreciation and amortization expenses decreased $1.8 million, or 41.7%, for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024. We expect our depreciation and amortization expenses to continue to be affected by the amount of capitalized internally developed software costs and the timing of placing projects in service.

Nine months ended September 30, 2025 compared to nine months ended September 30, 2024. Depreciation and amortization expenses decreased $3.8 million, or 27.7%, for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024. We expect our depreciation and amortization expenses to continue to be affected by the amount of capitalized internally developed software costs and the timing of placing projects in service.

34

Other Income Three Months Ended September 30,Nine Months Ended September 30,  2025202420252024 (in thousands)Other income$11,397 $— $11,397 $— 

Three months ended September 30, 2025 compared to three months ended September 30, 2024. Other income for the three months ended September 30, 2025 was solely comprised of the gain on legal settlement resulting from the CDK Settlement Agreement as described in Note 5.

Nine months ended September 30, 2025 compared to nine months ended September 30, 2024. Other income for the nine months ended September 30, 2025 was solely comprised of the gain on legal settlement resulting from the CDK Settlement Agreement as described in Note 5.

Provision for Income Taxes Three Months Ended September 30,Nine Months Ended September 30,  2025202420252024 (in thousands)Provision for income taxes$2 $3 $11 $13 

For the three and nine months ended September 30, 2025 and 2024, our provision for income taxes reflects state income tax expense. 

35

Liquidity and Capital Resources

At September 30, 2025, our principal sources of liquidity were cash and cash equivalents totaling $103.2 million.

We have incurred cumulative losses of $606.1 million from our operations through September 30, 2025, and expect to incur additional losses in the future. We generate cash infl