Research and Development Expense of SunCar Technology Group Inc. from 31 Dec 2021 to 31 Mar 2025

Taxonomy & unit
us-gaap: USD
Description
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Summary
SunCar Technology Group Inc. quarterly and annual Research and Development Expense in USD history and change rate from 31 Dec 2021 to 31 Mar 2025.
  • SunCar Technology Group Inc. Research and Development Expense for the quarter ending 31 Mar 2025 was $923,000, a 52% increase year-over-year.
  • SunCar Technology Group Inc. annual Research and Development Expense for 2024 was $40,244,000, a 185% increase from 2023.
  • SunCar Technology Group Inc. annual Research and Development Expense for 2023 was $14,111,000, a 66% increase from 2022.
  • SunCar Technology Group Inc. annual Research and Development Expense for 2022 was $8,478,000, a 132% increase from 2021.
Source SEC data
View on sec.gov
Research and Development Expense, Quarterly (USD)
Research and Development Expense, YoY Quarterly Change (%)
Research and Development Expense, Annual (USD)
Research and Development Expense, YoY Annual Change (%)

SunCar Technology Group Inc. Quarterly Research and Development Expense (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
Q1 2025 $923,000 +$317,000 +52% 01 Jan 2025 31 Mar 2025 6-K 21 May 2025 2025 Q1
Q1 2024 $606,000 01 Jan 2024 31 Mar 2024 6-K 21 May 2025 2025 Q1

SunCar Technology Group Inc. Annual Research and Development Expense (USD)

Period Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
2024 $40,244,000 +$26,133,000 +185% 01 Jan 2024 31 Dec 2024 20-F 28 Apr 2025 2024 FY
2023 $14,111,000 +$5,633,000 +66% 01 Jan 2023 31 Dec 2023 20-F 28 Apr 2025 2024 FY
2022 $8,478,000 +$4,827,000 +132% 01 Jan 2022 31 Dec 2022 20-F 28 Apr 2025 2024 FY
2021 $3,651,000 01 Jan 2021 31 Dec 2021 20-F 29 Apr 2024 2023 FY
* An asterisk sign (*) next to the value indicates that the value is likely invalid.