SunCar Technology (SDA) Research & Development (2023 - 2025)
SunCar Technology (SDA) posted Research & Development of -$5.5 million for Q4 2025, down 230.58% sequentially from -$1.7 million in Q3 2025, and up 16.54% YoY from -$4.7 million in Q4 2024.
SunCar Technology (SDA) Research & Development (2023 - 2025) Analysis & Trends
SunCar Technology (SDA) has 3 years of Research & Development data on file, last reported at -$5.5 million in Q4 2025.
- Quarterly Research & Development rose 16.54% year-over-year to -$5.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$9.0 million (up 77.73% YoY) and the FY2025 annual result came in at -$9.0 million, up 77.73% from the prior year.
- Research & Development eased to -$5.5 million in Q4 2025 per SDA's latest filing, from -$1.7 million in the prior quarter.
- The five-year high for Research & Development was -$606000.0 in Q1 2024, with the low at -$31.6 million in Q2 2024.
- Average Research & Development over 3 years is -$5.9 million, with a median of -$1.6 million recorded in 2023.
- The widest YoY moves for Research & Development: up 97.33% in 2025, down 52.31% in 2025.
- SunCar Technology's Research & Development stood at -$8.6 million in 2023, then grew by 23.45% to -$6.6 million in 2024, then rose by 16.54% to -$5.5 million in 2025.
- Business Quant data shows SDA's Research & Development at -$5.5 million in Q4 2025, -$1.7 million in Q3 2025, and -$843000.0 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 128.90 Bn | 128.96 Bn | - | 52.00 |
| 2 | Carvana | 48.46 Bn | 46.86 Bn | 1.27 Bn | - |
| 3 | Penske Automotive | 11.65 Bn | 11.59 Bn | 1.30 Bn | - |
| 4 | Carmax | 7.34 Bn | 7.21 Bn | 854.41 Mn | - |
| 5 | Lithia Motors | 6.80 Bn | 6.82 Bn | 1.42 Bn | - |
| 6 | Autonation | 6.40 Bn | 6.33 Bn | 1.21 Bn | - |
| 7 | Rush Enterprises Inc \Tx\ | 5.57 Bn | 5.35 Bn | 343.80 Mn | - |
| 8 | Valvoline | 4.88 Bn | 4.79 Bn | 187.00 Mn | - |
| 9 | Asbury Automotive | 3.76 Bn | 3.73 Bn | 726.90 Mn | - |
| 10 | SunCar Technology | 84.73 Mn | 91.75 Mn | 148.17 Mn | -5.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -5.52 Mn |
| Sep 30, 2025 | -1.67 Mn |
| Jun 30, 2025 | -843,000.00 |
| Mar 31, 2025 | -923,000.00 |
| Dec 31, 2024 | -6.62 Mn |
| Sep 30, 2024 | -1.42 Mn |
| Jun 30, 2024 | -31.60 Mn |
| Mar 31, 2024 | -606,000.00 |
| Dec 31, 2023 | -8.65 Mn |
| Sep 30, 2023 | -1.44 Mn |