NEW YORK, December 18, 2025 — Leads & Copy — SunCar Technology Group Inc. (NASDAQ: SDA) reported its third quarter 2025 financial results, showing a 6% increase in revenue to $115.8 million compared to $109.6 million in the third quarter of 2024.
The AI cloud-based B2B auto eInsurance and auto services provider in China also reported net income of $1.4 million, a $2.8 million increase from a net loss of $1.4 million in the same period last year. Adjusted EBITDA increased 128% to $4.9 million, compared to $2.2 million in the third quarter of 2024.
SunCar highlighted its partnerships with EV manufacturers:
Tesla: SunCar successfully launched an insurance business at authorized Tesla body repair centers, partnering to help Tesla penetrate third- and fourth-tier cities.
NIO: NIO leveraged SunCar’s order processing platform to reduce delivery times by 50% and lower vehicle delivery costs.
XPeng: SunCar collaborated with XPeng’s branded stores on insurance renewals, improving renewal rates.
Li Auto: A successful online pilot program was launched in Shanghai, Chongqing, Xinjiang, Qingdao, Inner Mongolia, and Anhui, with a nationwide rollout planned for 2026.
Zaichang Ye, Chairman and CEO of SunCar, expressed pride in the team’s achievement of positive net income, calling it a key milestone reflecting a strong and scalable profit model.
Additional partnerships and developments include:
Leapmotor: Increased system usage as Leapmotor expanded SunCar’s solution to dealer partner stores.
Xiaomi: Collaboration to create a new insurance/renewal customer service process, setting an industry benchmark for EV customer service.
Huawei: Completion of internal testing and successful testing of SunCar’s platform on the HarmonyOS app, with full-scale commercial deployment as the next phase.
The company also strengthened its Property & Casualty (P&C) relationships by signing strategic cooperation agreements with Huatai P&C Insurance and Bohai P&C Insurance, and completed the acquisition of Jiayi Auto Insurance and initiated the acquisition of Dalian Jinhainiu Insurance.
In Auto Services, SunCar provided VIP transport services for artists at the Strawberry Music Festival and managed concierge chauffeur services for China Resources Group’s first nationwide event. Strategic partnerships were also signed with CAR Inc and Zheshang Bank.
SunCar is integrating ByteDance’s Doubao LLM into its database of 60 million vehicles to create new AI-powered applications for its partners.
Financial Highlights:
Revenue for the first nine months of 2025 increased 8% to $338.1 million, compared to $312.7 million for the first nine months of 2024.
Auto Insurance revenue increased by 13% to $51.4 million for the three months ended September 30, 2025.
Technology Services revenue increased by 0.4% to $12.2 million.
Auto Services revenue increased slightly to $52.2 million.
Operating costs and expenses increased to $112.9 million, while operating profit increased to $2.9 million.
Adjusted EBITDA for the third quarter of 2025 increased 128% to $4.9 million.
Mr. Breaux Walker, Investor Relations: Email: IR@suncartech.com
Ms. Li Chen, Legal: Email: chenli@suncartech.com
Tom Cook, Managing Director, ICR: Email: Tom.Cook@icrinc.com
Source: SunCar Technology Group Inc.
