Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 45

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 45
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 and expenses decreased by 9% from US$371.1 million for the nine months ended September 30, 2024 to US$336.4 million for the nine months ended September 30, 2025, which is mainly caused by the reduction of share-based compensation of US$62.0 million happened in 2024. Integrated service cost.Integrated service cost decreased by 3% from US$158.8 million for the nine months ended September 30, 2024 to US$154.3 million for the nine months ended September 30, 2025. The decrease of integrated service costs was basically in line with the decrease of revenue in auto service revenue. Promotional service expenses. Promotional service expenses increased by 27% from US$113.8 million for the nine months ended September 30, 2024 to US$145.1 million for the nine months ended September 30, 2025. The increase in promotional service expenses was in line with the increase of revenue in our auto eInsurance service. Selling expenses. Selling expenses decreased by 23% from US$20.7 million for the nine months ended September 30, 2024 to US$15.9 million for the nine months ended September 30, 2025. The decrease was primarily due to our continued efforts to enhance the effectiveness of marketing activities by US$6.1 million, partially offset by an increase of US$1.1 million associated with our technology services offering to expand the business line. General and administrative expenses.General and administrative expenses decreased by 60% from US$44.1 million for the nine months ended September 30, 2024 to US$17.7 million for the nine months ended September 30, 2025, primarily due to the decrease of US$31.0 million in share-based compensation expense related to 2024 Equity Incentive Plan. Research and development expenses.Research and development expenses decreased by 90% from US$33.6 million for the nine months ended September 30, 2024 to US$3.4 million for the nine months ended September 30, 2025, primarily due to decrease of US$31.0 million in relation to 2024 Equity Incentive Plan. Net loss and Adjusted EBITDA.Net loss decreased by US$57.4 million, to US$4.1 million for the nine months ended September 30, 2025. Adjusted EBITDA