Suncar Technology Group Inc. 6-K Filing

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Filing Documents

• ea0270031-6k_suncar.htm (6-K) — 937KB
• 0001213900-25-124170.txt ( ) — 6561KB
• sda-20250930.xsd (EX-101.SCH) — 72KB
• sda-20250930_cal.xml (EX-101.CAL) — 69KB
• sda-20250930_def.xml (EX-101.DEF) — 328KB
• sda-20250930_lab.xml (EX-101.LAB) — 622KB
• sda-20250930_pre.xml (EX-101.PRE) — 362KB
• ea0270031-6k_suncar_htm.xml (XML) — 815KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2025 Commission File Number: 001-41247 SunCar Technology Group Inc. (Translation of registrant's name into English) c/o Shanghai Feiyou Trading Co., Ltd. Suite 209, No. 656 Lingshi Road Jing'an District, Shanghai, 200072 People's Republic of China Tel: (86) 138-1779-6110 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F SUNCAR TECHNOLOGY GROUP INC INDEX TO CONSOLIDATED FINANCIAL STATEMENTS CONTENTS PAGE(S) CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND SEPTEMBER 30, 2025 (UNAUDITED) F-2 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2025 F-3 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2025 F-4 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2025 F-5 NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS F-6 F-1 SUNCAR TECHNOLOGY GROUP INC CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In U.S. Dollar thousands, except for share and per share data, or otherwise noted) As of December 31, As of September 30, 2024 2025 ASSETS Current assets Cash $ 26,865 $ 23,704 Restricted cash 2,647 2,789 Short-term investments 20,985 21,643 Accounts receivable, net 75,605 75,338 Prepaid expenses and other current assets, net 70,171 96,572 Total current assets 196,273 220,046 Non-current assets Long-term investment 274 281 Property, software and equipment, net 27,664 24,768 Deferred tax assets, net 10,453 11,355 Other non-current assets, net 11,458 17,289 Operating right-of-use assets 606 237 Total non-current assets 50,455 53,930 TOTAL ASSETS $ 246,728 $ 273,976 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Short-term loans $ 83,597 $ 87,540 Accounts payable 56,812 65,977 Deferred revenue 2,421 2,285 Tax payable 1,361 2,195 Accrued expenses and other current liabilities 5,792 7,609 Amount due to related parties, current 6,238 6,671 Operating lease liabilities, current 544 137 Total current liabilities 156,765 172,414 Non-current liabilities Operating lease liabilities, non-current 21 32 Amount due to a related party, non-current 22,761 11,813 Warrant liabilities 947 947 Total non-current liabilities 23,729 12,792 Total liabilities $ 180,494 $ 185,206 Commitments and contingencies (Note 17) Shareholders' equity Class A Ordinary shares (par value of US$ 0.0001 per share; 400,000,000 Class A Ordinary shares authorized as of December 31, 2024 and September 30, 2025, respectively; 51,845,493 and 51,645,493 Class A Ordinary shares issued and outstanding as of December 31, 2024, respectively; 59,208,351 and 55,569,794 Class A Ordinary shares issued and outstanding as of September 30, 2025, respectively) $ 5 $ 6 Class B Ordinary shares (par value of US$ 0.0001 per share; 100,000,000 Class B December 31, 2024 and September 30, 2025, respectively; 46,659,565 and 46,439,565 Class B Ordinary shares issued and outstanding as of December 31, 2024 and September 30, 2025, respectively) 5 5 Additional paid in capital 208,701 233,369 Accumulated deficit ( 195,387 ) ( 202,872 ) Accumulated other comprehensive loss ( 1,432 ) ( 1,376 ) Total SUNCAR TECHNOLOGY GROUP INC's shareholders' equity 11,892 29,132 Non-controlling interests 54,342 59,638 Total shareholders' equity 66,234 88,770 TOTAL LIABILITIES AND SHARESHOLDERS' EQUITY $ 246,728 $ 273,976 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. F-2 SUNCAR TECHNOLOGY GROUP INC UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (In U.S. Dollar thousands, except for share and per share data, or otherwise noted) For the nine months ended September 30, 2024 2025 Revenues Auto eInsurance service $ 119,108 $ 149,243 Technology service 34,046 36,549 Auto service 159,555 152,292 Total revenues 312,709 338,084 Operating cost and expenses Integrated service cost ( 158,843 ) ( 154,286 ) Promotional service expenses ( 113,845 ) ( 145,109 ) Selling expenses ( 20,683 ) ( 15,867 ) General and administrative expenses ( 44,079 ) ( 17,678 ) Research and development expenses ( 33,625 ) ( 3,437 ) Total operating costs and expenses ( 371,075 ) ( 336,377 ) Operating (loss)/income ( 58,366 ) 1,707 Other expenses Financial expenses, net ( 3

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