{"id":1005236,"date":"2026-09-22T17:43:22","date_gmt":"2026-09-22T21:43:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/suncar-technology-reports-first-half-2026-financial-results\/"},"modified":"2026-09-22T17:43:22","modified_gmt":"2026-09-22T21:43:22","slug":"suncar-technology-reports-first-half-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/suncar-technology-reports-first-half-2026-financial-results\/","title":{"rendered":"SunCar Technology Reports First Half 2026 Financial Results"},"content":{"rendered":"
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\n Net Income of $3.4 Million Improving from a Net Loss of $5.5 Million<\/strong>\n <\/p>\n

\n Adjusted EBITDA increased to $9.4 Million, up 269% YoY <\/strong>\n <\/p>\n

\n Delivered 1H Revenue of\u00a0$277 million<\/strong>, a 24% YoY increase<\/strong><\/p>\n

\n EV Premiums increased 31% YoY to $916 million <\/strong>\n <\/p>\n

NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) — SunCar Technology Group Inc. (the “Company” or “SunCar”) (NASDAQ: SDA), an innovative leader in AI-powered auto insurance and auto services, today announced financial results for the six months ended June 30, 2026.<\/p>\n

“SunCar had an excellent first half generating $3.4 million in net income, a substantial $8.9 million improvement from a $5.5 million net loss the first half of 2025,\u201d said Zaichang Ye, Chairman and CEO of SunCar. \u201cOur top-line growth of 24% demonstrated that SunCar can maintain strong revenue growth while also growing profits. Major wins for the Company in the first half including the AgBank chauffeur contract and multiple Huawei ecosystem customer wins show that the size and scope of SunCar\u2019s contracts are increasing.<\/p>\n

\u201cI\u2019m particularly pleased with the revenue growth in auto services, which grew 22% from the same period last year. SunCar\u2019s auto services segment is benefiting from our investment in AI and the increased emphasis that our insurance customers are placing on value-added auto services. SunCar is realizing unprecedented synergies from our dual product offering of services and auto insurance. Our partners are achieving a new level of value by integrating SunCar\u2019s AI features into their services. SunCar\u2019s cloud with its combination of insurance and auto services gives our customers a single integrated technology platform from which they can offer a full suite of customized services.<\/p>\n

\u201cAs always, SunCar\u2019s partners and customers are critical to our growth. Our partnerships with leading companies such as Tesla, Xiaomi, NIO, Xpeng, Huawei, Zeekr, PICC, and Ping An differentiate SunCar and validate the unique product offering we have in the market.<\/p>\n

\u201dIn terms of technology innovation, SunCar is leading the charge in the next phase of AI which will be vertical industry AI. We have integrated AI into most of our operations and, in cooperation with our partners, are now creating customer-specific AI-powered products. This next phase of AI will be led by companies with deep industry expertise that are leveraging AI to create AI-powered ecosystems just as SunCar is doing for auto insurance and services.\u201d<\/p>\n

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\n First Half 2026 Financial Results<\/u>
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