Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 186

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 186
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 fluctuate along with those results. 

Technology and Development Expenses Three Months Ended March 31,  20252024 (dollars in thousands)Technology and development expenses$8,119 $8,123 Technology and development expenses as a percentage of revenues18.1 %19.8 %Capitalized software costs$2,161 $2,233 

Three months ended March 31, 2025 compared to three months ended March 31, 2024. Technology and development expenses remained relatively flat for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024. While net expenses remained flat, we saw a $0.5 million increase in recurring employee-related expenses offset by a $0.5 million decrease in charges associated with a realignment of the Company’s leadership structure in the prior year.

Capitalized software costs remained flat, primarily due to a $0.1 million decrease in internal capitalized software costs offset by a $0.1 million increase in third-party software costs.

General and Administrative Expenses Three Months Ended March 31,  20252024 (dollars in thousands)General and administrative expenses$10,084 $9,486 General and administrative expenses as a percentage of revenues22.5 %23.1 %

Three months ended March 31, 2025 compared to three months ended March 31, 2024. General and administrative expenses increased $0.6 million, or 6.3%, for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024. The increase was primarily driven by a $0.7 million increase in recurring employee-related expenses and a $0.4 million increase in outsourced consulting and professional service fees partially offset by a $0.3 million decrease in charges associated with a realignment of the Company’s leadership structure in the prior year. 

Depreciation and Amortization Expenses Three Months Ended March 31,  20252024 (in thousands)Depreciation and amortization expenses$3,898 $4,585 

Three months ended March 31, 2025 compared to three months ended March 31, 2024. Depreciation and amortization expenses decreased $0.7 million, or 15.0%, for the three months ended March 31, 2025 as