GlobeNewswire·Nov 6, 2026, 7:30 AM ET

SunCar Forecasts Preliminary Unaudited Revenue and Net Income for the First Nine Months of 2026

SunCar forecasts unaudited revenue of $426 million for the first nine months of 2026, representing a 26% year-over-year increase.
The company projects unaudited net income of $5.8 million for the nine months ended September 30, 2026, marking a $9.9 million improvement from a $4.1 million net loss in the prior period.
SunCar has achieved five consecutive quarters of profitability starting in the third quarter of 2025, with earnings showing an accelerating growth trend.
Auto Services revenue is forecasted at $185.4 million, a 22% year-over-year growth driven by synergies with the Auto eInsurance segment.
Auto eInsurance revenue is forecasted at $197.4 million, a 32% year-over-year increase demonstrating strong product growth.
Technology Services revenue is forecasted at $43.6 million, a 19% increase from the earlier period.
The company maintains a full-year 2026 revenue forecast of $600 million.
Eric H. Zhang has been appointed as Chief Financial Officer; he is an AI entrepreneur, former Oracle manager, \& holds degrees from Harvard \& MIT.
CEO Zaichang Ye highlighted strong growth in core segments, synergies between services \& insurance, \& the potential of China's 371 million vehicle market.