Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1819

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1819
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ability may be limited. In addition, other companies may not publish these or other similar metrics. Further,
our definition of contribution profit (loss) does not include the impact of certain expenses that are reflected in our audited consolidated
statements of operations. Thus, our contribution profit (loss) should be considered in addition to, not as a substitute for or in isolation
from, gross profit (loss) prepared in accordance with GAAP. 

The following tables present reconciliations
of gross profit/(loss) to contribution profit/(loss) and gross margin to contribution margin for each of the periods indicated: 

Contribution Profit/(Loss)  

    For the Years Ended 
March 31, 

    2025  
    2024 
  
    Net revenue 
    $9,105,891  
    $9,897,233 
  
    Cost of revenue 
     5,296,841  
     10,331,595 
  
    Gross profit/(loss) 
     3,809,050  
     (434,362)
  
    Add: Depreciation and amortization in COR 
     340,188  
     828,111 
  
    Add: Stock-based compensation in COR 
     3,650  
     134,883 
  
    Add: Overhead costs in COR  (rent, software support, insurance, travel) 
     840,289  
     1,218,583 
  
    Less: Host Incentives and Marketing costs (excl. brand marketing) C=(A+B) 
     742,399  
     2,726,369 
  
    Less: Host incentives (A) 
     147,180  
     403,069 
  
    Less: Marketing costs (excl. brand marketing) (B) 
     595,219  
     2,323,300 
  
    Contribution profit / (loss) 
    $4,250,778  
    $(979,154)
  
    Contribution margin 
     47% 
     -10%

Adjusted EBITDA is a non-GAAP
financial measure that represents our net income or loss adjusted for (i) provision for income taxes; (ii) other income and (expense),
net; (iii) depreciation and amortization; (iv) stock-based compensation expense; and (v) finance costs.

We use adjusted EBIT