Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 209

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 209
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as supplemental in nature and are not meant as substitutes for gross profit /(loss) and gross margin, which are measures prepared in accordance
with GAAP. For purposes of calculating the non-GAAP financial measures, we utilize the GAAP financial measure of gross profit (loss),
which is defined as revenue minus cost of revenue, each of which is presented in our audited consolidated statements of operations. Our
definitions of contribution profit (loss) and contribution margin may differ from the definitions used by other companies in our industry
and, therefore, comparability may be limited. In addition, other companies may not publish these or other similar metrics. Further, our
definition of contribution profit (loss) does not include the impact of certain expenses that are reflected in our Unaudited Condensed
Consolidated Statements of Operations. Thus, our contribution profit (loss) should be considered in addition to, not as a substitute for
or in isolation from, gross profit (loss) prepared in accordance with GAAP.

The following tables present reconciliations of gross profit/(loss)
to contribution profit/(loss) and gross margin to contribution margin for each of the periods indicated:

Contribution Profit/(Loss) 

    For the Three Months Ended
 June 30, 

    2025  
    2024 
  
    Net revenue 
    $2,312,753  
    $2,240,985 
  
    Cost of revenue 
     1,313,687  
     1,512,289 
  
    Gross profit 
    $999,066  
    $728,696 
  
    Add: Depreciation and amortization in COR 
     22,966  
     74,873 
  
    Add: Overhead costs in COR (rent, software support, insurance, travel) 
     187,815  
     204,975 
  
    Less: Host Incentives and Marketing costs (excl. brand marketing) 
     71,423  
     549,383 
  
    Less: Host incentives 
     42,388  
     47,621 
  
    Less: Marketing costs (excl. brand marketing) 
     29,035  
     501,761 
  
    Contribution profit 
    $1,138,424  
    $459,161 
  
    Contribution margin 
     49% 
     20%

52

Adjusted EBITDA is a