Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 204

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 204
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810 $41,052 Contract BalancesThe Company’s contract asset balance for estimated variable consideration to be received upon the occurrence of subsequent vehicle sales is included within other current assets and is distinguished from accounts receivable in that these amounts are conditional upon subsequent sales and not only upon the passage of time. Substantially all of the contract asset balance of $1.0 million at December 31, 2024 was transferred to accounts receivable during the three months ended March 31, 2025 as vehicle sales occurred, with no significant changes in the estimate. A contract asset of $1.1 million and $1.0 million was recorded as of March 31, 2025 and December 31, 2024, respectively, for leads delivered where consideration to be received was still conditional upon subsequent vehicle sales.

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10.    Segment Reporting

The Company utilizes consolidated net income as its segment measure of profit or loss. The following is a reconciliation of the Company’s net loss. It includes the significant expense categories regularly provided to the CODM, computed under U.S. GAAP, reconciled to the Company’s total net loss as presented in the consolidated statements of comprehensive loss:Three Months Ended March 31,20252024Revenues$44,810 $41,052 Less:Headcount expense19,219 16,418 Branded media4,254 5,306 Partner marketing9,473 7,068 Other marketing1,243 1,056 Outsourced services3,433 2,454 Data licensing, software and hosting5,658 5,378 Other segment expenses*5,334 2,434 Interest income(1,068)(1,644)Depreciation and amortization3,898 4,585 Restructuring charges**— 1,112 Stock-based compensation3,346 2,632 Other reconciling items***156 101 Net loss$(10,136)$(5,848)*Other segment expenses includes costs associated with acquiring wholesale vehicles, facilities costs and other operating costs.**Restructuring charges represent charges associated with the realignment of the Company’s leadership structure, which began in the third quarter of 2023.***Other reconciling items solely includes changes in fair value of contingent consideration liability, interest accretion for terminated lease, and income taxes, which are all disclosed elsewhere in the consolidated financial statements and accompanying footnotes.Assets provided