Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 161

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 161
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Item 1.   FINANCIAL STATEMENTS

TRUECAR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)

(Unaudited) September 30, 2025December 31, 2024Assets  Current assets  Cash and cash equivalents$103,186 $111,835 Accounts receivable, net of allowances of $778 and $783 at September 30, 2025 and December 31, 2024, respectively13,458 15,742 Prepaid expenses6,015 4,499 Other current assets2,962 3,052 Total current assets125,621 135,128 Property and equipment, net14,368 15,735 Operating lease right-of-use assets1,324 2,351 Intangible assets, net— 1,970 Other assets7,374 4,507 Total assets$148,687 $159,691 Liabilities and Stockholders’ Equity  Current liabilities  Accounts payable$9,071 $7,928 Accrued employee expenses3,976 4,892 Operating lease liabilities, current3,689 2,964 Accrued expenses and other current liabilities11,227 17,109 Total current liabilities27,963 32,893 Operating lease liabilities, net of current portion6,195 8,313 Other liabilities348 348 Total liabilities34,506 41,554 Commitments and contingencies (Note 5)Stockholders’ Equity  Preferred stock — $0.0001 par value; 20,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively; no shares issued and outstanding at September 30, 2025 and December 31, 2024— — Common stock — $0.0001 par value; 1,000,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively; 88,848,869 and 87,190,136 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively9 9 Additional paid-in capital720,284 711,474 Accumulated deficit(606,112)(593,346)Total stockholders’ equity114,