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 has reported Operating Expenses for 3 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at -$90.1 million in Q1 2024 and troughed at -$171.6 million in Q2 2024.
- A 3-year average of -$120.7 million and a median of -$115.4 million in 2025 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 31.25% in 2025, down 17.11% in 2025.
- Over 3 years, Operating Expenses stood at -$125.2 million in 2023, then slipped by 3.19% to -$129.2 million in 2024, then dropped by 15.36% to -$149.0 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$149.0 million, -$112.9 million, and -$117.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 79.73 Bn | 79.73 Bn | - | 1,188.60 |
| 2 | Carvana | 51.45 Bn | 48.70 Bn | 1.38 Bn | 704.00 Mn |
| 3 | Penske Automotive | 14.30 Bn | 14.24 Bn | 1.36 Bn | 974.00 Mn |
| 4 | Lithia Motors | 8.61 Bn | 8.25 Bn | 1.50 Bn | 1.01 Bn |
| 5 | Carmax | 8.33 Bn | 7.73 Bn | 854.41 Mn | 635.18 Mn |
| 6 | Autonation | 7.02 Bn | 6.97 Bn | 1.23 Bn | 856.30 Mn |
| 7 | Autozi Internet Technology (Global) | 6.37 Bn | 6.19 Bn | - | - |
| 8 | Rush Enterprises Inc \Tx\ | 6.33 Bn | 6.07 Bn | 361.67 Mn | 245.47 Mn |
| 9 | Openlane | 4.30 Bn | 4.11 Bn | 248.20 Mn | 487.10 Mn |
| 10 | SunCar Technology | 83.66 Mn | 32.55 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 |