SunCar Technology (SDA) Operating Expenses (2023 - 2025)
SunCar Technology's (SDA) quarterly Operating Expenses came in at -$149.0 million in Q4 2025, down 15.36% year-on-year from -$176.1 million in Q4 2024, and down 32.03% quarter-over-quarter from -$112.9 million in Q3 2025.
SunCar Technology (SDA) Operating Expenses (2023 - 2025) Analysis & Trends
SunCar Technology has disclosed Operating Expenses across 3 years of filings, most recently posting -$149.0 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at -$149.0 million, down 15.36% year-over-year; the trailing twelve-month figure through Dec 2025 was -$485.4 million (up 2.97% YoY), and the FY2025 annual result was -$485.4 million, up 2.97% from the prior year.
- Operating Expenses came in at -$149.0 million for Q4 2025 at SunCar Technology, down from -$112.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$90.1 million in Q1 2024 to a low of -$171.6 million in Q2 2024.
- The 3-year median for Operating Expenses is -$115.4 million (2025), against an average of -$120.7 million.
- Peak annual rise in Operating Expenses reached 31.25% in 2025, while the deepest fall reached 17.11% in 2025.
- SunCar Technology's Operating Expenses stood at -$125.2 million in 2023, then retreated by 3.19% to -$129.2 million in 2024, then decreased by 15.36% to -$149.0 million in 2025.
- The last three Operating Expenses figures came in at -$149.0 million (Q4 2025), -$112.9 million (Q3 2025), and -$117.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | -21.22 Mn |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 690.00 Mn |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 611.31 Mn |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 1.04 Bn |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 842.20 Mn |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 242.63 Mn |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 98.70 Mn |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 454.10 Mn |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 601.60 Mn |
| 10 | SunCar Technology | 117.39 Mn | 146.47 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 |