Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 148

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 148
---
Item 1.   FINANCIAL STATEMENTS

TRUECAR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)

(Unaudited) June 30, 2025December 31, 2024Assets  Current assets  Cash and cash equivalents$92,518 $111,835 Accounts receivable, net of allowances of $759 and $783 at June 30, 2025 and December 31, 2024, respectively16,364 15,742 Prepaid expenses6,470 4,499 Other current assets2,672 3,052 Total current assets118,024 135,128 Property and equipment, net14,995 15,735 Operating lease right-of-use assets1,673 2,351 Intangible assets, net— 1,970 Other assets5,124 4,507 Total assets$139,816 $159,691 Liabilities and Stockholders’ Equity  Current liabilities  Accounts payable$10,364 $7,928 Accrued employee expenses3,280 4,892 Operating lease liabilities, current3,478 2,964 Accrued expenses and other current liabilities9,072 17,109 Total current liabilities26,194 32,893 Operating lease liabilities, net of current portion6,916 8,313 Other liabilities348 348 Total liabilities33,458 41,554 Commitments and contingencies (Note 5)Stockholders’ Equity  Preferred stock — $0.0001 par value; 20,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; no shares issued and outstanding at June 30, 2025 and December 31, 2024— — Common stock — $0.0001 par value; 1,000,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; 88,416,380 and 87,190,136 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively9 9 Additional paid-in capital717,458 711,474 Accumulated deficit(611,109)(593,346)Total stockholders’ equity106,