Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 336

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 336
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.9 million decrease in charges associated with a realignment of the Company’s leadership structure in the prior year, a $0.3 million decrease in outsourced consulting and 

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professional fees, and a $0.2 million decrease in facilities-related charges. These decreases were partially offset by a $0.5 million increase in hosting and software expenses and a $0.5 million increase in recurring employee-related expenses.

Capitalized software costs increased by $0.1 million, primarily due to a $0.1 million increase in third-party software costs.

General and Administrative Expenses Three Months Ended September 30,Nine Months Ended September 30,  2025202420252024 (dollars in thousands)General and administrative expenses$9,154 $9,560 $28,050 $34,484 General and administrative expenses as a percentage of revenues21.2 %20.5 %20.8 %26.7 %

Three months ended September 30, 2025 compared to three months ended September 30, 2024. General and administrative expenses decreased $0.4 million, or 4.2%, for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024. The decrease was primarily driven by a $0.9 million decrease in general outsourced consulting and professional fees, partially offset by a $0.7 million increase in outsourced legal, accounting, and other third-party fees incurred in connection with negotiating the Merger.

Nine months ended September 30, 2025 compared to nine months ended September 30, 2024. General and administrative expenses decreased $6.4 million, or 18.7%, for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024. The decrease was primarily driven by a $7.1 million decrease in facilities-related costs related to a one-time impairment charge on an office lease in the prior year, a $1.5 million decrease in general outsourced consulting and professional fees, a $0.3 million decrease in recurring employee-related expenses, and a $0.3 million decrease in charges associated with a realignment of the Company’s leadership structure in the prior year. These decreases were partially offset by a $2.5 million increase in outsourced legal, accounting, and other third-party fees incurred in connection with