v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 25,019 $ 26,865
Restricted cash 2,841 2,647
Short-term investments 21,597 20,985
Accounts receivable, net 59,767 75,605
Prepaid expenses and other current assets, net 74,072 70,171
Total current assets 183,296 196,273
Non-current assets    
Long-term investment 286 274
Property, software and equipment, net 24,195 27,664
Intangible asset 408
Deferred tax assets, net 11,947 10,453
Other non-current assets 30,821 11,458
Right-of-use assets 2,243 606
Total non-current assets 69,900 50,455
TOTAL ASSETS 253,196 246,728
Current liabilities    
Short-term borrowings 80,394 83,597
Long-term borrowing, current 71
Accounts payable 41,404 56,812
Contract liabilities 5,730 2,421
Tax payable 1,468 1,361
Accrued expenses and other current liabilities 10,697 5,792
Operating lease liabilities, current 834 544
Total current liabilities 147,257 156,765
Non-current liabilities    
Operating lease liabilities, non-current 1,333 21
Long-term borrowing, non-current 1,358
Warrant liabilities 50 947
Total non-current liabilities 15,257 23,729
Total liabilities 162,514 180,494
Commitments and contingencies (Note 21)
Shareholders’ equity    
Additional paid in capital 233,014 208,701
Accumulated deficit (199,329) (195,387)
Accumulated other comprehensive loss (1,146) (1,432)
Total SUNCAR TECHNOLOGY GROUP INC’s shareholders’ equity 32,550 11,892
Non-controlling interests 58,132 54,342
Total shareholders’ equity 90,682 66,234
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 253,196 246,728
Class A Ordinary Shares    
Shareholders’ equity    
Ordinary shares value 6 5
Class B Ordinary Shares    
Shareholders’ equity    
Ordinary shares value 5 5
Related Party    
Current liabilities    
Amount due to related parties, current 6,659 6,238
Non-current liabilities    
Amount due to related parties, non-current $ 12,516 $ 22,761