Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 216

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 216
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 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 compared to the three months ended March 31, 2024. We expect our depreciation and amortization expenses to continue to be affected by the amount of capitalized internally developed software costs and the timing of placing projects in service.

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Provision for Income Taxes Three Months Ended March 31,  20252024 (in thousands)Provision for income taxes$6 $7 

For the three months ended March 31, 2025 and 2024, our provision for income taxes reflects state income tax expense. 

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Liquidity and Capital Resources

At March 31, 2025, our principal sources of liquidity were cash and cash equivalents totaling $98.0 million.

We have incurred cumulative losses of $603.