Quote data as of 5:17 AM ET
SunCar Technology Group Inc., through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business. The Insurance Intermediation Business segment provides traditional auto insurance renewal services and new energy vehicles insurance services. The Automotive After-Sales Business provides after-sales services to banking, insurance companies, and other customer types. The Technology Business segment provides auto insurance SaaS products and other technical services. SunCar Technology Group Inc. was founded in 2007 and is based in Shanghai, China.
SunCar Technology reported Q1 2026 revenue of $131.2 million, up 28% year-over-year, marking its third consecutive quarter of profitability.
The company generated $1.6 million in net income and $4.5 million in adjusted EBITDA, reversing a net loss of $3.6 million and negative adjusted EBITDA of $1.3 million in the prior year period.
Management guided full-year 2026 revenue to approximately $600 million, driven by strong growth in EV insurance premiums (up 43% YoY) and new enterprise contracts with major banks and insurers.