SunCar Forecasts Preliminary Unaudited Revenue and Net Income for the First Nine Months of 2026
Globe Newswire•06/11/2026•07:30 ET
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Key Highlights
- ➤Nine-month revenue forecast $426.4 million, up 26% year over year
- ➤Nine-month net income forecast $5.8 million, improving $9.9 million from prior loss
- ➤Auto eInsurance revenue forecast $197.4 million, up 32% year over year
- ➤Auto Services revenue forecast $185.4 million, up 22% year over year
- ➤2026 full-year revenue forecast remains $600 million
Expert Statements
Eric H. Zhang, CFO of SunCar
“As a director and now CFO of SunCar, I have witnessed the Company, under the leadership of Zaichang Ye, benefit from its consistent focus on China’s automotive aftermarket. By leveraging cutting-edge AI technology to empower its daily operations, SunCar has accelerated transaction processing and reduced internal management costs, driving growth in both revenue and profit.”
Eric H. Zhang, CFO of SunCar
“Looking ahead, the company will continue to capitalize on China’s large automotive services market, its continuous path to full digitalization, and the rapidly expanding EV segment, actively pursuing new potential partners and capturing key new verticals.”
Zaichang Ye, CEO and Chairman of SunCar
“The Company is seeing strong growth in its core segments of Auto Services and Auto eInsurance due to the intense focus of our auto and enterprise partners on increasing the long-term value of their customers. As we’ve noted in prior quarters, we also see increasing synergies between our auto services and insurance segments.”
Zaichang Ye, CEO and Chairman of SunCar
“SunCar has a unique AI technology platform for connecting its partners to the long-term post-sale revenue streams associated with vehicle ownership. China has 371 million vehicles, making it the largest car market in the world.”
Zaichang Ye, CEO and Chairman of SunCar
“SunCar’s platform enhances the vehicle owner’s experience and reduces vehicle ownership costs. At the same time, the platform enables its partners to tap into a significant long-term post-sale revenue stream.”
* SunCar Forecasts Unaudited Revenue for the First Nine Months of 2026 of $426 million, an Increase of 26% Year over Year
* Forecasted Unaudited Net Income of $5.8 million for the Nine Months Ended September 30, 2026, a significant $9.9 million improvement from a Net Loss of $4.1 million in the earlier period
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