SunCar Technology (SDA) Operating Expenses (2023 - 2025)
SunCar Technology (SDA) posted Operating Expenses of -$149.0 million for Q4 2025, down 32.03% sequentially from -$112.9 million in Q3 2025, and down 15.36% YoY from -$176.1 million in Q4 2024.
SunCar Technology (SDA) Operating Expenses (2023 - 2025) Analysis & Trends
SunCar Technology (SDA) has 3 years of Operating Expenses data on file, last reported at -$149.0 million in Q4 2025.
- Quarterly Operating Expenses fell 15.36% year-over-year to -$149.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$485.4 million (up 2.97% YoY) and the FY2025 annual result came in at -$485.4 million, up 2.97% from the prior year.
- Operating Expenses declined to -$149.0 million in Q4 2025 per SDA's latest filing, from -$112.9 million in the prior quarter.
- The five-year high for Operating Expenses was -$90.1 million in Q1 2024, with the low at -$171.6 million in Q2 2024.
- Average Operating Expenses over 3 years is -$120.7 million, with a median of -$115.4 million recorded in 2025.
- The widest YoY moves for Operating Expenses: up 31.25% in 2025, down 17.11% in 2025.
- SunCar Technology's Operating Expenses stood at -$125.2 million in 2023, then dropped by 3.19% to -$129.2 million in 2024, then declined by 15.36% to -$149.0 million in 2025.
- Business Quant data shows SDA's Operating Expenses at -$149.0 million in Q4 2025, -$112.9 million in Q3 2025, and -$117.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 128.90 Bn | 128.96 Bn | - | 1,188.60 |
| 2 | Carvana | 48.46 Bn | 46.86 Bn | 1.27 Bn | 690.00 Mn |
| 3 | Penske Automotive | 11.65 Bn | 11.59 Bn | 1.30 Bn | 1.01 Bn |
| 4 | Carmax | 7.34 Bn | 7.21 Bn | 854.41 Mn | 635.18 Mn |
| 5 | Lithia Motors | 6.80 Bn | 6.82 Bn | 1.42 Bn | 1.04 Bn |
| 6 | Autonation | 6.40 Bn | 6.33 Bn | 1.21 Bn | 842.20 Mn |
| 7 | Rush Enterprises Inc \Tx\ | 5.57 Bn | 5.35 Bn | 343.80 Mn | 242.63 Mn |
| 8 | Valvoline | 4.88 Bn | 4.79 Bn | 187.00 Mn | 98.70 Mn |
| 9 | Asbury Automotive | 3.76 Bn | 3.73 Bn | 726.90 Mn | 510.40 Mn |
| 10 | SunCar Technology | 84.73 Mn | 91.75 Mn | 148.17 Mn | -149.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -149.03 Mn |
| Sep 30, 2025 | -112.88 Mn |
| Jun 30, 2025 | -117.95 Mn |
| Mar 31, 2025 | -105.55 Mn |
| Dec 31, 2024 | -129.19 Mn |
| Sep 30, 2024 | -109.38 Mn |
| Jun 30, 2024 | -171.57 Mn |
| Mar 31, 2024 | -90.13 Mn |
| Dec 31, 2023 | -125.19 Mn |
| Sep 30, 2023 | -95.77 Mn |