SunCar Technology (NASDAQ:SDA), a leading player in the auto insurance and technology services sectors, has reported strong third-quarter 2025 results, with revenue rising 6% to $115.8 million.
The company returned to profitability, posting net income of $1.4 million, a significant turnaround from a loss of $1.4 million in the same period last year.
Adjusted EBITDA soared by 128% to $4.9 million, reflecting improved operational efficiency and strong business performance.
The company’s auto insurance business experienced substantial growth, with revenue increasing by 13% to $51.4 million.
SunCar’s auto services segment also saw healthy revenue of $52.2 million, while its technology services segment generated $12.2 million in revenue.
Operating costs were reported at $112.9 million, with a notable rise in promotional service spend to $51.0 million.
SunCar's management emphasized the impact of key commercial wins during the quarter, including new partnerships and pilots with major industry players such as Tesla, NIO, XPeng, Li Auto, Leapmotor, Xiaomi, and Huawei.
The company also secured several property and casualty (P&C) insurance agreements, alongside the successful acquisition of Jiayi Auto Insurance.
These partnerships are expected to support the company’s long-term growth in both the auto insurance and technology services markets.
Looking ahead, SunCar highlighted its ongoing AI product development and outlined plans for a nationwide rollout of its Li Auto insurance pilot program in 2026.