Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 101

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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, insurance, travel) 
     286,639  
     249,651  
     636,960  
     988,946 
  
    Less: Host Incentives and Marketing costs (excl. brand marketing) 
     26,414  
     626,267  
     621,158  
     2,104,360 
  
    Less: Host incentives 
     32,800  
     73,216  
     110,664  
     348,261 
  
    Less: Marketing costs (excl. brand marketing) 
     (6,386) 
     553,051  
     510,494  
     1,756,099 
  
    Contribution Profit / (Loss) 
     1,283,994  
     208,873  
     2,950,921  
     (1,080,363)
  
    Contribution margin 
     52% 
     9% 
     43% 
     -14%

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 EBITDA in
conjunction with net income or loss, its corresponding GAAP measure, as a performance measure that we use to assess our operating performance
and operating leverage in our business. The above items are excluded from our adjusted EBITDA measure because these items are non-cash
in nature, or because the amount and timing of these items is unpredictable, or they are not driven by core results of operations, thereby
rendering comparisons with prior periods and competitors less meaningful.

We believe that adjusted
EBITDA provides useful information to investors and others in understanding and evaluating the results of our operations, as well as provides
a useful measure for period-to-period comparisons of our business performance. Moreover, we have included adjusted EBITDA because it is
a key measurement used by our management internally to make operating decisions, including those related to analyzing operating expenses,
evaluating performance, and performing strategic planning and annual budgeting.

Our adjusted EBITDA loss
has reduced to $3.15 million during the three months ended December 31, 2024, as compared to