SunCar Technology (SDAWW) Operating Expenses (2023 - 2025)

SunCar Technology's (SDAWW) 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 (SDAWW) 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 - - 148.17 Mn -149.03 Mn

Historic Data

Download Data
DateValue
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