Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 160

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 160
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 118,137 Total liabilities and stockholders’ equity$145,005 $159,691 

See accompanying notes to condensed consolidated financial statements.

5

TRUECAR, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands except per share data)

(Unaudited)

 Three Months Ended March 31, 20252024Revenues$44,810 $41,052 Costs and operating expenses:Cost of revenue (exclusive of depreciation and amortization presented separately below)8,890 4,261 Sales and marketing 25,017 22,082 Technology and development8,119 8,123 General and administrative10,084 9,486 Depreciation and amortization3,898 4,585 Total costs and operating expenses56,008 48,537 Loss from operations(11,198)(7,485)Interest income1,068 1,644 Loss before income taxes(10,130)(5,841)Provision for income taxes6 7 Net loss$(10,136)$(5,848)Net loss per share, basic and diluted$(0.12)$(0.06)Weighted average common shares outstanding, basic and diluted87,305 91,234 Other comprehensive loss:  Comprehensive loss$(10,136)$(5,848) 

See accompanying notes to condensed consolidated financial statements.

6

TRUECAR, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(in thousands except share data)

(Unaudited) 

Three Months Ended March 31, 2025 Common Stock AccumulatedDeficitStockholders’Equity SharesAmountAPICBalance at December 31, 202487,190,136 $9 $711,474 $(593,346)$118,137 Net loss— — — (10,136)(10,136)Stock-based compensation— — 3,550 — 3,550 Shares issued in connection with employee stock plan, net of shares withheld for employee taxes326,101 — (455)— (455)Balance at March 31, 202587,516,237 $9 $714,569 $(603,482)$111,096 

Three Months Ended March 31, 2024 Common