Nasdaq-listed rental car platform Zoomcar managed to cut its net loss for the three months ended December 2025 by 91% to $721K from $7.92 Mn in the year-ago period on the back of a one-time gain. On a sequential basis, the company’s net loss declined 9% from $794K. The company realised a one-time gain of $1.23 Mn during the quarter under review. This gain came on the back of a $1.33 Mn write-back of contractor-related liabilities following a reassessment triggered by the introduction of a new labour code, along with recovery of GST receivables. This gain was partially offset by a loss arising from a “litigation settlement”. Meanwhile, Zoomcar reported a 3% decline in operating revenue to $2.37 Mn during the quarter from $2.45 Mn in the year-ago period. However, this marked a 4% uptick from $2.28 Mn in the previous quarter. Zoomcar managed to bring its total costs and expenses down by 33% to $3.84 Mn during the quarter from $5.69 Mn in the year-ago quarter. In its SEC filing pertaining to the financial performance for the quarter, the company again flagged a “substantial doubt” about its ability to continue as a going concern. Due to sustained operating losses,… Read MoreInc42 Media
