Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 183

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 183
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 flows from operating activities are significantly influenced by our investments in headcount and infrastructure to support our growth and marketing and advertising expenses. Our net loss has been significantly different than cash flows from operating activities due to the inclusion of non-cash expenses and charges.

Cash used in operating activities for the six months ended June 30, 2025 was $10.7 million. This was primarily comprised of our net loss of $17.8 million, adjusted for non-cash items such as, depreciation and amortization expense of $7.3 million, stock-based compensation expense of $6.6 million, amortization of lease right-of-use assets of $0.7 million, other non-cash expenses of $0.5 million, and bad debt expense of $0.2 million. Net cash used in operations also reflected a decrease of $8.4 million from changes in operating assets and liabilities, which primarily reflected a decrease in accrued expenses and other current liabilities of $5.3 million, an increase in prepaid expenses and other assets of $2.4 million, a decrease in accrued employee expenses of $1.2 million, a decrease in operating lease liabilities of $1.1 million, and an increase in accounts receivable of $0.9 million. These were offset by an increase in accounts payable of $2.5 million.

Cash provided by operating activities for the six months ended June 30, 2024 was less than $0.1 million. This was primarily due to our net loss of  $19.4 million, adjusted for non-cash items such as, depreciation and amortization expense of $9.3 million, impairment of right-of-use assets of $6.9 million, stock-based compensation expense of $5.8 million, other 

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noncash expenses of $0.6 million, bad debt expense of $0.4 million, and amortization of lease right-of-use assets of $0.3 million. Net cash provided by operations also reflected a decrease of $4.0 million from changes in operating assets and liabilities, which primarily reflected a decrease in accrued employee expenses of $2.9 million, a decrease in operating lease liabilities of $2.5 million, and an increase in prepaid expenses and other assets of $2.1 million. These decreases were offset by an increase in accounts payable of $2.1 million and a decrease in accounts receivable of $1.6 million.