Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 44

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 44
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  (60,760 | ) |     | $    |   (2,549 | ) |     | $      |  58,211 |   |     |   |  -96 | % |

Our total revenue increased by 8% from US$312.7 million for the nine months ended September 30, 2024 to US$338.1 million for the nine months ended September 30, 2025. Auto eInsurance service.Auto eInsurance service revenue increased by 25% from US$119.1 million for the nine months ended September 30, 2024 to US$149.2 million for the nine months ended September 30, 2025, which was driven by the increasing number of insurance policies sold for the nine months ended September 30, 2025. EV sales have been increasing sharply in recent years, and thus, the revenue of our auto eInsurance business has been rising rapidly. The revenue from EV insurance services amounted to US$47.3 million for the nine months ended September 30, 2025, as compared to US$27.4 million for the nine months ended September 30, 2024, representing a significant increase of 72.6%. Technology service.Technology service revenue increased by 7% from US$34.0 million for the nine months ended September 30, 2024 to US$36.5 million for the nine months ended September 30, 2025. With growing demands to efficiently manage their businesses, more enterprise customers are now paying for our online tools to streamline their business workflows, manage their customer relationships and automate orders processing. With the iterative upgrades of our technology, we are working on developing a SaaS model product offering and plan to gradually turn our enterprise customers into our technology service customers. Through the application of our Private Cloud Platform, our development process was simplified, and we can easily integrate various tools for software development, testing, operations and maintenance. This has strengthened our software platform and increased its business capacity to better serve the customers’ needs. 7 Auto service.Auto service revenue decreased by 5% from US$159.6 million for the nine months ended September 30, 2024 to US$152.3 million for the nine months ended September 30, 2025. The decrease was driven by our deliberate decision to discontinue certain low-margin businesses in the first three quarters of 2025 and the accompanying decrease of service orders. Operating costs and expenses.Operating costs