Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 66

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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     40%
  
    Sales and marketing 
     8% 
     36%
  
    General and administrative 
     81% 
     107%
  
    Total costs and expenses 
     176% 
     251%
  
    Loss from operations 
     -76% 
     -151%
  
    Finance costs 
     13% 
     25%
  
    Gain on troubled debt restructuring 
     -3% 
     0%
  
    Other income, net 
     96% 
     -62%
  
    Loss before provision for income taxes 
     -182% 
     -113%
  
    Provision for income taxes 
     0% 
     0%
  
    Net loss income 
     -182% 
     -113%

Net Revenue

    For the Three Months Ended June 30, 

    2025  
    2024  
    Change  
    Change % 
  
    Revenues from services 
    $2,300,324  
    $2,206,402  
    $93,922  
     4%
  
    Other revenues 
     12,429  
     34,583  
     (22,154) 
     -64%
  
    Net Revenue 
    $2,312,753  
    $2,240,985  
    $71,768  
     3%

Our total net revenue for
the three months ended on June 30, 2025, and June 30, 2024, was $2.31 million and $2.24 million, respectively, representing a marginal
increase of $0.07 million, or 3%

In the peer-to-peer car sharing
model, we continued to take several measures to improve profitability, such as (i) reduction of cash incentives paid to Hosts and (ii)
introduction of cancellation fees for Host and Guest. These and other cost rationalization strategies resulted in improved unit profitability
at the expense of reduced number of bookings for the three months ended on June 30, 2025, versus the previous comparable period.

48

Costs and Expenses

Cost of Revenue 

    For the Three Months Ended 
June 30, 

    2025  
    2024  
    Change  
    Change % 
  
    Cost of revenue 
    $1,313,687