SunCar's Big Quarter: Profits, Partnerships, and Plans

SunCar Technology Group Inc. had a strong third quarter in 2025, showing growth and new partnerships. Revenue went up by 6% to $115. 8 million compared to the same time last year. This company, which focuses on AI cloud-based auto insurance and services in China, also turned a profit of $1. 4 million. That's a big improvement from the $1. 4 million loss they had in the same quarter last year. Their adjusted EBITDA, which is a way to measure profitability, increased by 128% to $4. 9 million. SunCar is working with big names like Tesla, NIO, XPeng, and Li Auto. They helped Tesla start an insurance business at their repair centers and assisted NIO in cutting delivery times by half. XPeng saw better insurance renewal rates at their stores, and Li Auto launched an online insurance program in several cities with plans to expand nationwide in 2026. SunCar also acquired Jiayi Auto Insurance and started the process of acquiring Dalian Jinhainiu Insurance to grow their business.Beyond insurance, SunCar is making moves in auto services. They provided VIP transport for the Strawberry Music Festival, managed concierge services for China Resources Group, and partnered with CAR Inc. to develop the SMB market. They also offer global business travel perks for Zheshang Bank's VIP clients. SunCar is also integrating AI into their services. They're using ByteDance’s Doubao LLM to create new applications for their partners, like dynamic policy pricing and claims risk assessment. Looking at the numbers, SunCar's net income for the first nine months of 2025 increased by 8% to $338. 1 million. Auto insurance revenue went up by 13% to $51. 4 million, while technology services revenue stayed the same at $12. 2 million. Auto services revenue saw a slight increase to $52. 2 million. Operating costs went up, but so did operating profit, reaching $2. 9 million. SunCar is doing well, but they're also investing in growth. They're spending more on promotional services and research and development. Their adjusted EBITDA margin is 2. 2%, showing they're making progress in becoming more profitable.