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SunCar Sees Q1 2026 Net Income Of $1M

Benzinga·05/18/2026 12:37:07
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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.