Quarterly ResultApr 28, 2026, 05:32 PM
SDA 2025 Revenue $489.3M; Q3/Q4 Profitable; ByteDance AI Deal
AI Summary
SunCar Technology Group Inc. reported record annual revenue of $489.3 million for 2025, an 11% increase year-over-year, and achieved profitability in the second half of the year with profits of $1.4 million in Q3 and $1.7 million in Q4. Fourth quarter revenue grew 17% to $151.2 million. The company also announced a strategic AI partnership with ByteDance to leverage its multimodal AI for new product development and operations, and secured a significant $50 million, three-year concierge chauffeur contract with Agricultural Bank of China.
Key Highlights
- Announced strategic AI partnership with ByteDance for product development and operations.
- Won an estimated $50 million, three-year concierge chauffeur contract with Agricultural Bank of China.
- Full year 2025 revenue increased 11% year-over-year to a record $489.3 million.
- Fourth quarter 2025 revenue increased 17% year-over-year to $151.2 million.
- Generated a profit of $1.4 million in Q3 2025 and $1.7 million in Q4 2025.
- Full year 2025 net loss significantly reduced to $2.4 million from $64.5 million in 2024.
- Full year adjusted EBITDA was $11.0 million, up from $9.8 million in 2024.
- Maintaining $600 million revenue forecast for the full year 2026.