Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 164

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 164
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1,156)Balance at March 31, 202491,573,738 $9 $724,170 $(568,146)$156,033 Net loss— — — (13,520)(13,520)Repurchase of common stock, including excise tax(425,009)— (1,222)— (1,222)Stock-based compensation— — 3,366 — 3,366 Shares issued in connection with employee stock plan, net of shares withheld for employee taxes875,255 — (773)— (773)Balance at June 30, 202492,023,984 $9 $725,541 $(581,666)$143,884 Net loss— — — (5,831)(5,831)Repurchase of common stock, including excise tax(3,875,069)— (12,587)— (12,587)Stock-based compensation— — 3,140 — 3,140 Shares issued in connection with employee stock plan, net of shares withheld for employee taxes357,701 — (618)— (618)Balance at September 30, 202488,506,616 $9 $715,476 $(587,497)$127,988 

See accompanying notes to condensed consolidated financial statements.

8

TRUECAR, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited) Nine Months Ended September 30, 20252024Cash flows from operating activities  Net loss$(12,766)$(25,199)Adjustments to reconcile net loss to net cash provided by operating activities:  Depreciation and amortization9,883 13,677 Bad debt expense and other reserves457 510 Stock-based compensation9,791 8,774 Increase in the fair value of contingent consideration liability36 281 Amortization of lease right-of-use assets1,027 642 Impairment of right-of-use assets — 6,880 Gain on legal settlement(3,335)— Other noncash expense747 781 Changes in operating assets and liabilities:Accounts receivable1,827 1,232 Prepaid expenses and other assets(1,240)(2,245)Accounts payable1,252 820 Accrued employee expenses(717)(