NEW YORK, March 06, 2026 — SunCar Technology Group Inc. (the “Company” or “SunCar”) (NASDAQ: SDA), a prominent player in the digitalization of the Chinese auto insurance sector, projects its 2025 revenue to reach $498 million, representing a 13% growth compared to 2024.
During the first three quarters of 2025, SunCar recorded $338 million in revenue, marking an 8% rise over the same period in the prior year.
The fourth quarter of 2025 proved to be the Company’s most successful, with preliminary unaudited revenue estimated at $160 million, a 24% increase year-over-year. SunCar anticipates achieving profitability for the latter half of 2025.
Looking ahead to the full year of 2026, SunCar forecasts revenue of $600 million, which would be an approximate 20% increase over the projected unaudited 2025 revenue of $498 million.
The Company is experiencing significant momentum within its insurance division, driven by partnerships in the electric vehicle (EV) sector. In the auto services space, SunCar is securing a record number of national contracts while simultaneously enhancing synergies with its insurance operations. Furthermore, the ongoing integration of ByteDance’s DouBao AI into its platform is actively supporting both revenue expansion and operational cost efficiencies.
Zaichang Ye, CEO and Chairman of SunCar, stated, “Our team has worked diligently to reach profitability in the second half of 2025 while maintaining robust growth. We are enthusiastic about the progress of our EV manufacturer partnerships within the insurance segment. Our specialized AI technology is instrumental in elevating the value we provide to these partners. In our auto services business, we are capturing larger contracts and realizing greater synergies with our insurance arm, fueled by AI adoption and the increasing digital transformation of our client base.”
Forward-Looking Statements
This press release contains statements regarding the Company’s future expectations, plans, and prospects, which constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Actual results may vary significantly from historical performance or these projections due to various factors, including, but not limited to, risks related to securing additional capital, maintaining and expanding business operations, fluctuations in operating results, brand preservation, the development and launch of new products, the successful integration of acquired assets and technologies, marketing initiatives, industry competition, regulatory changes, economic conditions, reliance on key personnel, the ability to recruit and retain skilled technical staff, and the protection of intellectual property. Forward-looking statements in this release include, but are not limited to, the planned rollout of AI-driven services, anticipated improvements in customer experience, potential cost savings, and the development of SaaS solutions. These statements are subject to risks such as challenges in technology development, market adoption, regulatory requirements, and the scalability of AI implementations. For a comprehensive analysis of these risks, please consult the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. These forward-looking statements are valid only as of the date of this release, and the Company assumes no obligation to update or revise them, except as mandated by law.
Contact Information:
SunCar:
Investor Relations: Mr. Breaux Walker
Email:
Legal: Ms. Li Chen
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SOURCE SunCar Technology Group Inc.