Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 305

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 305
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-related expenses and a $0.3 million increase in hosting costs and software expense.

Capitalized software costs increased by $0.2 million, primarily due to a $0.2 million increase in third-party software costs.

General and Administrative Expenses Three Months Ended June 30,Six Months Ended June 30,  2025202420252024 (dollars in thousands)General and administrative expenses$8,812 $15,438 $18,896 $24,924 General and administrative expenses as a percentage of revenues18.7 %36.9 %20.6 %30.1 %

Three months ended June 30, 2025 compared to three months ended June 30, 2024. General and administrative expenses decreased $6.6 million, or 42.9%, for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024. The decrease was primarily driven by a $7.0 million decrease in facilities-related expenses related to a one-time impairment charge on an office lease in the prior year, as well as a $0.4 million decrease in recurring employee-related expenses. These decreases were partially offset by a $0.8 million increase in general outsourced consulting and professional service fees.

Six months ended June 30, 2025 compared to six months ended June 30, 2024. General and administrative expenses decreased $6.0 million, or 24.2%, for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024. The decrease was primarily driven by a $7.0 million decrease in facilities-related expenses related to a one-time impairment charge on an office lease in the prior year, partially offset by a $1.2 million increase in in general outsourced consulting and professional service fees.

Depreciation and Amortization Expenses Three Months Ended June 30,Six Months Ended June 30,  2025202420252024 (in thousands)Depreciation and amortization expenses$3,416 $4,684 $7,314 $9,269 

Three months ended June 30, 2025 compared to three months ended June 30, 2024. Depreciation and amortization expenses decreased $1.3 million, or 27.1%, for the three months ended