NASDAQ$SDA
SunCar Technology Group Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
SunCar Technology Group Inc reported Q1 2026 revenue of $131.2 million, up 28% YoY, and net income of $1.6 million versus a prior-year loss.
SunCar delivered its third consecutive quarter of profitability in Q1 2026 with broad-based revenue growth across auto eInsurance, technology services, and auto services. Operating income turned positive to $3.0 million from a $3.0 million loss, and adjusted EBITDA reached $4.5 million. The company reiterated its full-year 2026 revenue target of approximately $600 million.
- Total revenue rose 28% to $131.2 million from $102.6 million in Q1 2025.
- Net income of $1.6 million compared to a $3.6 million net loss in the prior-year quarter.
- Adjusted EBITDA improved to $4.5 million (3.4% margin) from negative $1.3 million.
- Segment revenues grew: auto eInsurance +36% to $62.3M, technology services +43% to $15.3M, auto services +16% to $53.5M.
Headline financials
Revenue & EPS history
SunCar · Revenue · Quarterly
$131M
Revenue by segment
SunCar · $131M total across 3 segments · Q1 2026
- Auto eInsurance$62.3M—47.5%
- Auto Service$53.5M—40.8%
- Technology Services$15.3M—11.7%
Forward guidance
SunCar expects full-year 2026 revenue of approximately $600 million.
Tailwinds
- Continued EV insurance premium growth and enterprise contract wins in auto services.
- AI platform enhancements via ByteDance Doubao partnership.
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