Company: TRUE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001327318-25-000006
Chunk: 152

Company: TrueCar, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 152
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 (in thousands)Consolidated Statements of Operations Data:   Revenues$175,598 $158,706 $161,524 Costs and operating expenses:Cost of revenue (exclusive of depreciation and amortization presented separately below)26,388 15,856 16,213 Sales and marketing95,585 99,050 104,534 Technology and development29,643 42,247 46,090 General and administrative43,127 40,321 44,087 Depreciation and amortization18,035 17,699 16,520 Goodwill impairment— — 59,775 Total costs and operating expenses212,778 215,173 287,219 Loss from operations(37,180)(56,467)(125,695)Interest income6,147 6,718 2,565 Other income— — 40 Gain from equity method investment— — 1,845 Loss before income taxes(31,033)(49,749)(121,245)Provision for (benefit from) income taxes15 17 (2,560)Net loss$(31,048)$(49,766)$(118,685)Other Non-GAAP Financial InformationAdjusted EBITDA$1,641 $(13,692)$(29,946)

67

The following table sets forth our selected consolidated statements of operations data as a percentage of revenues for each of the periods indicated.Year Ended December 31, 202420232022Revenues100 %100 %100 %Costs and operating expenses:   Cost of revenue (exclusive of depreciation and amortization presented separately below)15 10 10 Sales and marketing54 62 65 Technology and development17 27 29 General and administrative25 25 27 Depreciation and amortization10 11 10 Goodwill impairment— — 37 Loss from operations(21)(36)(78)Interest income4 4 2Other income— —*Gain from equity method investment— — 1 Loss before income taxes(18)(31)(75)Provision for (benefit from) income taxes**(2)Net loss(18)%(31)%(73)% 

*    Less than 0.5% of revenues

Comparison of Years Ended December 31, 2024, 2023