Third Consecutive Quarter of Profitability
Estimated Net Income of $1 million in the First Quarter of 2026
Estimated Q1 Revenue Increase of 25% Year-Over-Year to $128 million
NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in AI-powered auto insurance and auto services, is releasing its preliminary unaudited revenue and net income estimates for the first quarter of 2026.
For the first quarter of 2026, SunCar is forecasting preliminary unaudited net income of $1 million. This marks the Company’s third consecutive profitable quarter and is a significant improvement from a loss of $3.6 million in the first quarter of 2025. The Company is forecasting Q1 2026 unaudited revenue of $128 million, a nearly 25% year-over-year increase from the first quarter of 2025.
"SunCar had an excellent first quarter of the year with strong year-over-year growth and increased profitability. I’m particularly pleased with the Company achieving its third consecutive profitable quarter and the dramatic improvement in profitability from the first quarter of last year," said Zaichang Ye, Chairman and CEO of SunCar.
About SunCar Technology Group Inc.
Founded in 2007, SunCar is leveraging AI to transform the customer journey for auto insurance and services in China, the largest vehicle market in the world. SunCar develops and operates an AI cloud platform that seamlessly connects drivers with a wide range of auto services and insurance options offered by a nationwide network of sales partners. The Company's intelligent B2B cloud platform empowers its enterprise customers to access, manage, and optimize their auto eInsurance and auto service offerings. For more information, please visit: https://ir.suncartech.com.