Zoomcar Holdings Posts $5.7M Net Loss in First Nine Months of Fiscal 2026

Zoomcar Holdings posted a net loss of $5.72 million for the nine months ending December 31, 2025, a 59% improvement from the $13.81 million loss recorded in the same period a year earlier. The Delaware-incorporated car-sharing company generated revenue of $6.96 million for the nine-month period, up marginally from $6.94 million in the prior year. Read more earnings reports.

For the three months ending December 31, 2025, the company reported a net loss of $721,472, compared with a $7.92 million loss in the same quarter a year earlier. Third-quarter revenue came in at $2.37 million, down 3.4% from $2.45 million in the prior-year quarter.

Operating losses narrowed to $5.22 million for the nine-month period from $8.18 million a year earlier. Cost of revenue for the nine months fell to $3.59 million from $4.22 million, while research and development expenses dropped to $2.12 million from $2.39 million.

Cash and cash equivalents stood at $208,175 as of December 31, 2025, down sharply from $4.60 million a year earlier. Total assets fell to $2.77 million from $5.36 million at the end of the prior fiscal year in March 2025. Accounts receivable declined to $52,331 from $200,650 over the same period.

The company's liabilities reached $30.20 million as of December 31, 2025, compared with $30.71 million at the end of the prior fiscal year. Accounts payable increased to $14.81 million from $12.40 million. Stockholders' deficit widened to $27.43 million from $25.35 million at fiscal year-end.

Operating cash flow for the nine months was negative $1.31 million, an improvement from negative $5.04 million in the prior-year period. Cash used in investing activities totaled $4,178, while financing activities generated $378,659.

Shares outstanding increased to 7.15 million as of December 31, 2025, from 2.46 million at the end of the prior fiscal year. The company reported a diluted loss per share of $0.53 for the nine-month period, compared with a loss of $196.31 per share in the prior year.