TrueCar Inc
NASDAQ:TRUE
Income Statement
Earnings Waterfall
TrueCar Inc
Income Statement
TrueCar Inc
| Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
3
|
5
|
4
|
3
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
80
N/A
|
84
+6%
|
98
+16%
|
115
+17%
|
134
+16%
|
153
+14%
|
172
+13%
|
191
+11%
|
207
+8%
|
221
+7%
|
236
+7%
|
252
+7%
|
260
+3%
|
263
+1%
|
264
+0%
|
267
+1%
|
278
+4%
|
291
+5%
|
307
+5%
|
314
+2%
|
323
+3%
|
328
+2%
|
334
+2%
|
346
+3%
|
335
-3%
|
340
+1%
|
331
-3%
|
323
-2%
|
335
+4%
|
328
-2%
|
308
-6%
|
300
-3%
|
279
-7%
|
265
-5%
|
272
+3%
|
250
-8%
|
232
-7%
|
210
-9%
|
187
-11%
|
171
-9%
|
162
-5%
|
155
-4%
|
152
-2%
|
154
+1%
|
159
+3%
|
163
+3%
|
165
+2%
|
171
+3%
|
176
+3%
|
179
+2%
|
185
+3%
|
181
-2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(20)
|
(21)
|
(23)
|
(24)
|
(24)
|
(25)
|
(25)
|
(25)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(26)
|
(28)
|
(26)
|
(25)
|
(27)
|
(25)
|
(25)
|
(23)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(20)
|
(18)
|
(16)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(18)
|
(22)
|
(26)
|
(31)
|
(37)
|
(38)
|
|
| Gross Profit |
66
N/A
|
70
+6%
|
84
+19%
|
101
+20%
|
119
+18%
|
138
+16%
|
156
+14%
|
175
+12%
|
189
+8%
|
202
+7%
|
215
+6%
|
229
+7%
|
236
+3%
|
239
+1%
|
240
+0%
|
242
+1%
|
252
+4%
|
266
+5%
|
281
+5%
|
287
+2%
|
295
+3%
|
299
+1%
|
305
+2%
|
315
+3%
|
309
-2%
|
312
+1%
|
305
-2%
|
298
-2%
|
308
+3%
|
303
-2%
|
283
-7%
|
277
-2%
|
258
-7%
|
244
-5%
|
251
+3%
|
228
-9%
|
210
-8%
|
188
-10%
|
167
-11%
|
153
-8%
|
145
-5%
|
140
-4%
|
137
-2%
|
139
+2%
|
143
+3%
|
147
+3%
|
147
+1%
|
149
+1%
|
149
+0%
|
148
-1%
|
148
0%
|
143
-3%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(135)
|
(116)
|
(116)
|
(129)
|
(139)
|
(160)
|
(190)
|
(220)
|
(234)
|
(251)
|
(264)
|
(275)
|
(300)
|
(303)
|
(303)
|
(301)
|
(291)
|
(300)
|
(308)
|
(317)
|
(329)
|
(336)
|
(340)
|
(348)
|
(342)
|
(351)
|
(364)
|
(360)
|
(369)
|
(351)
|
(315)
|
(290)
|
(268)
|
(261)
|
(263)
|
(257)
|
(243)
|
(227)
|
(213)
|
(211)
|
(211)
|
(273)
|
(278)
|
(211)
|
(199)
|
(189)
|
(183)
|
(183)
|
(186)
|
(189)
|
(182)
|
(178)
|
|
| Selling, General & Administrative |
(102)
|
(82)
|
(80)
|
(93)
|
(104)
|
(123)
|
(150)
|
(172)
|
(185)
|
(198)
|
(207)
|
(216)
|
(235)
|
(232)
|
(227)
|
(223)
|
(214)
|
(223)
|
(231)
|
(238)
|
(247)
|
(253)
|
(256)
|
(264)
|
(264)
|
(272)
|
(286)
|
(286)
|
(295)
|
(280)
|
(246)
|
(223)
|
(205)
|
(197)
|
(202)
|
(197)
|
(187)
|
(171)
|
(157)
|
(151)
|
(150)
|
(147)
|
(150)
|
(146)
|
(140)
|
(133)
|
(133)
|
(135)
|
(139)
|
(142)
|
(137)
|
(134)
|
|
| Research & Development |
(22)
|
(22)
|
(22)
|
(22)
|
(24)
|
(25)
|
(28)
|
(34)
|
(37)
|
(39)
|
(41)
|
(43)
|
(48)
|
(51)
|
(54)
|
(55)
|
(54)
|
(54)
|
(54)
|
(56)
|
(59)
|
(61)
|
(63)
|
(63)
|
(60)
|
(60)
|
(60)
|
(58)
|
(54)
|
(52)
|
(50)
|
(47)
|
(43)
|
(44)
|
(42)
|
(42)
|
(39)
|
(41)
|
(41)
|
(44)
|
(45)
|
(48)
|
(50)
|
(47)
|
(41)
|
(38)
|
(32)
|
(30)
|
(29)
|
(30)
|
(29)
|
(29)
|
|
| Depreciation & Amortization |
(12)
|
(12)
|
(12)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(18)
|
(20)
|
(21)
|
(23)
|
(23)
|
(24)
|
(23)
|
(23)
|
(23)
|
(22)
|
(22)
|
(22)
|
(18)
|
(19)
|
(18)
|
(17)
|
(21)
|
(19)
|
(20)
|
(20)
|
(21)
|
(20)
|
(19)
|
(18)
|
(16)
|
(16)
|
(15)
|
(15)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(18)
|
(18)
|
(17)
|
(16)
|
(14)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(60)
|
(60)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(69)
N/A
|
(46)
+33%
|
(33)
+29%
|
(29)
+13%
|
(20)
+30%
|
(22)
-9%
|
(33)
-51%
|
(45)
-36%
|
(45)
+0%
|
(49)
-9%
|
(49)
+1%
|
(46)
+6%
|
(64)
-38%
|
(64)
+1%
|
(63)
+1%
|
(59)
+7%
|
(39)
+34%
|
(34)
+12%
|
(28)
+19%
|
(30)
-9%
|
(34)
-12%
|
(37)
-9%
|
(36)
+2%
|
(33)
+7%
|
(33)
+0%
|
(39)
-19%
|
(59)
-50%
|
(62)
-4%
|
(61)
+1%
|
(48)
+21%
|
(32)
+33%
|
(13)
+59%
|
(10)
+24%
|
(17)
-62%
|
(12)
+25%
|
(29)
-134%
|
(34)
-16%
|
(39)
-16%
|
(46)
-19%
|
(58)
-25%
|
(66)
-14%
|
(133)
-101%
|
(141)
-6%
|
(72)
+49%
|
(56)
+22%
|
(43)
+24%
|
(36)
+16%
|
(34)
+6%
|
(37)
-11%
|
(41)
-10%
|
(34)
+16%
|
(34)
+0%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(6)
|
(6)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
(0)
|
(3)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(5)
|
(3)
|
(3)
|
(1)
|
4
|
4
|
6
|
6
|
7
|
7
|
7
|
7
|
6
|
6
|
5
|
4
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
(60)
|
(60)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
|
| Pre-Tax Income |
(75)
N/A
|
(52)
+31%
|
(37)
+29%
|
(32)
+14%
|
(25)
+22%
|
(25)
-3%
|
(37)
-45%
|
(46)
-25%
|
(48)
-5%
|
(50)
-4%
|
(49)
+1%
|
(47)
+5%
|
(64)
-38%
|
(64)
0%
|
(64)
+0%
|
(61)
+6%
|
(41)
+32%
|
(36)
+12%
|
(30)
+18%
|
(32)
-7%
|
(35)
-10%
|
(37)
-7%
|
(36)
+3%
|
(33)
+8%
|
(33)
+1%
|
(38)
-16%
|
(58)
-52%
|
(61)
-5%
|
(60)
+1%
|
(56)
+6%
|
(41)
+27%
|
(22)
+46%
|
(20)
+11%
|
(18)
+11%
|
(13)
+25%
|
(30)
-126%
|
(38)
-28%
|
(42)
-10%
|
(49)
-16%
|
(119)
-144%
|
(121)
-2%
|
(128)
-6%
|
(135)
-5%
|
(66)
+51%
|
(50)
+25%
|
(36)
+28%
|
(29)
+19%
|
(27)
+7%
|
(31)
-15%
|
(35)
-14%
|
(29)
+17%
|
(19)
+37%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
2
|
2
|
1
|
2
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
3
|
3
|
3
|
3
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
(75)
|
(52)
|
(37)
|
(32)
|
(25)
|
(26)
|
(37)
|
(46)
|
(48)
|
(50)
|
(50)
|
(47)
|
(65)
|
(65)
|
(65)
|
(61)
|
(42)
|
(37)
|
(30)
|
(32)
|
(36)
|
(38)
|
(36)
|
(33)
|
(32)
|
(37)
|
(56)
|
(58)
|
(58)
|
(54)
|
(40)
|
(22)
|
(20)
|
(18)
|
(14)
|
(30)
|
(38)
|
(42)
|
(46)
|
(116)
|
(119)
|
(126)
|
(135)
|
(66)
|
(50)
|
(36)
|
(29)
|
(27)
|
(31)
|
(35)
|
(29)
|
(19)
|
|
| Net Income (Common) |
(75)
N/A
|
(52)
+31%
|
(37)
+27%
|
(32)
+14%
|
(25)
+22%
|
(26)
-3%
|
(37)
-43%
|
(46)
-24%
|
(48)
-5%
|
(50)
-4%
|
(50)
+1%
|
(47)
+5%
|
(65)
-37%
|
(65)
0%
|
(65)
+0%
|
(61)
+6%
|
(42)
+32%
|
(37)
+12%
|
(30)
+18%
|
(32)
-7%
|
(33)
-1%
|
(35)
-7%
|
(34)
+4%
|
(30)
+10%
|
(28)
+7%
|
(34)
-19%
|
(51)
-52%
|
(52)
-3%
|
(55)
-5%
|
(51)
+7%
|
(38)
+25%
|
(19)
+50%
|
77
N/A
|
79
+3%
|
83
+5%
|
64
-22%
|
(38)
N/A
|
(42)
-10%
|
(46)
-9%
|
(116)
-153%
|
(119)
-2%
|
(126)
-6%
|
(135)
-7%
|
(66)
+51%
|
(50)
+25%
|
(36)
+28%
|
(29)
+19%
|
(27)
+7%
|
(31)
-15%
|
(35)
-14%
|
(29)
+17%
|
(19)
+37%
|
|
| EPS (Diluted) |
-1.05
N/A
|
-0.73
+30%
|
-0.53
+27%
|
-0.45
+15%
|
-0.35
+22%
|
-0.36
-3%
|
-0.53
-47%
|
-0.6
-13%
|
-0.68
-13%
|
-0.62
+9%
|
-0.6
+3%
|
-0.58
+3%
|
-0.79
-36%
|
-0.78
+1%
|
-0.77
+1%
|
-0.73
+5%
|
-0.49
+33%
|
-0.43
+12%
|
-0.32
+26%
|
-0.32
N/A
|
-0.34
-6%
|
-0.34
N/A
|
-0.33
+3%
|
-0.29
+12%
|
-0.27
+7%
|
-0.32
-19%
|
-0.47
-47%
|
-0.49
-4%
|
-0.51
-4%
|
-0.47
+8%
|
-0.35
+26%
|
-0.17
+51%
|
0.71
N/A
|
0.79
+11%
|
0.83
+5%
|
0.66
-20%
|
-0.39
N/A
|
-0.43
-10%
|
-0.5
-16%
|
-1.28
-156%
|
-1.3
-2%
|
-1.4
-8%
|
-1.51
-8%
|
-0.75
+50%
|
-0.55
+27%
|
-0.41
+25%
|
-0.32
+22%
|
-0.3
+6%
|
-0.34
-13%
|
-0.39
-15%
|
-0.33
+15%
|
-0.21
+36%
|
|