TrueCar Inc 2025年季度报告

FORM10-Q TRUECAR, INC.(Exact name of registrant as specified in its charter) (I.R.S. EmployerIdentification Number) 225 Santa Monica Blvd,12th FloorSanta Monica,California90401(800)200-2000(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule12b-2 of the Exchange Act. ☐Accelerated filer☐Smaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of May1, 2025,87,676,368shares of the registrant’s common stock were outstanding. TRUECAR, INC.INDEX PART I - FINANCIAL INFORMATION Item1.Condensed Consolidated Financial Statements (unaudited)5Condensed Consolidated Balance Sheets as ofMarch 31, 2025andDecember 31, 20245Condensed Consolidated Statements of Comprehensive Lossfor the Three Months Ended March 31, 2025 and 20246Condensed Consolidated Statements of Stockholders’ Equityfor the Three Months Ended March 31, 2025 and 20247Condensed Consolidated Statements of Cash Flowsfor the Three Months Ended March 31, 2025 and 20248Notes to Condensed Consolidated Financial Statements10Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item3.Quantitative and Qualitative Disclosures About Market Risk33Item4.Controls and Procedures34 PART II -OTHER INFORMATION Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem6.ExhibitsSignatures 353574757677 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, asamended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which statements involve substantialrisks and uncertainties.Forward-looking statements generally relate to future events or our future financial or operating performance.In somecases, you can identify forward-looking statements because they contain words such as “anticipates,” “believes,” “could,” “estimates,”“expects,” “intends,” “may,” “might,” “likely,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “target,” “will,”“would” orsimilar expressions and the negatives of those terms.Forward-looking statements contained in this Quarterly Report on Form 10-Q include, butare not limited to, statements about: •our future financial performance and our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operatingexpenses and ability to maintain or grow revenue, scale our business, generate cash flow, fulfill our mission and achieve andmaintain future profitability;•our ability to forecast our financial and operational performance;•our relationship with key industry participants, including car dealers and automobile manufacturers;•anticipated trends, demand rates and challenges in our business and in the markets in which we operate;•our ability to successfully roll out our TrueCar+ offering and other new offerings, provide a compelling value proposition toconsumers using such offerings and integrate our current and future offerings into such experiences;•our ability to anticipate market needs and develop new and enhanced products and services to meet those needs and to successfullymonetize those products and services;•the success and long-term effects of the strategic restructuring that we committed to in June 2023;•maintaining and expanding our customer base in key geographies, including our ability to maintain or increase the number of high-