Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 324

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 324
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    2023  
    2024  
    2023 
  
    Net revenue 
    $2,449,368  
    $2,421,438  
    $6,937,250  
    $7,717,064 
  
    Cost of revenue 
     1,499,282  
     2,093,057  
     4,224,993  
     8,441,525 
  
    Gross Profit/(loss) 
     950,086  
     328,381  
     2,712,257  
     (724,461)
  
    Add: Depreciation and amortization in COR 
     73,683  
     205,260  
     222,862  
     624,630 
  
    Add: Stock-based compensation in COR 
     -  
     51,848  
     -  
     134,883 
  
    Add: Overhead costs in COR  (rent, software support, 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)