Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 217

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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 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.

Investing Activities 

Cash used in investing activities of $4.6 million for the six months ended June 30, 2025 consists primarily of investments in software and computer hardware.

Cash used in investing activities