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Getaround, Inc. (GETR)
OTHER OTC:GETR
Holding GETR?
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.36Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -32.20%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in margins and EBITDA, showing positive momentum despite flat revenue and operational challenges like exiting the New York market. The acquisition of HyreCar and enhancements in technology platforms were notable positive aspects. However, the persistent challenge of maintaining revenue growth and the complications with stock exchange listings were key concerns.Company Guidance
During Getaround's Q2 2024 earnings call, the management team provided detailed guidance on various financial and operational metrics. The company's Trip Contribution Margin improved substantially from 43% to 53% year-over-year, reflecting efforts in controlling trip support costs. Despite suspending operations in New York, Getaround maintained consistent net revenue at $18.6 million, though gross booking value saw a slight decline to $53 million. Adjusted EBITDA loss improved by 49% to $11.4 million, compared to the previous year. Additionally, the gross margin from service revenue increased by 300 basis points, reaching 88% in Q2 2024. Operational expenses decreased by $6.6 million due to optimized marketing, support, and general administrative costs, and the company ended the quarter with a cash position of $30.9 million, bolstered by a $20 million addition from the Mudrick Capital debt facility. The management emphasized ongoing initiatives to enhance profitability and growth, including expanding their gig business and leveraging AI for improved customer experience and risk management.Improved Trip Contribution Margin
Year-over-year Q2 Trip Contribution Margin improved from 43% to 53%, reflecting a focus on controlling Trip support costs.
Significant EBITDA Improvement
Adjusted EBITDA loss improved by 49% to $11.4 million year-over-year.
HyreCar Acquisition Benefits
The acquisition of HyreCar assets contributed positively, expanding the Drive with Uber program and integrating operational leadership.
Global Technology Platform and New Features
Updates to the gig and global technology platform, including the launch of new features such as Key Exchange, are expected to drive top line growth.
Gross Margin Improvement
Gross margin from Service revenue reached 88% in Q2 2024, an improvement of 300 basis points year-over-year.
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GETR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GETR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.06 | $0.06 | 0.00% |
| Aug 12, 2024 | $0.08 | $0.07 | -12.50% |
| May 09, 2024 | $0.20 | $0.22 | +10.00% |
| Mar 28, 2024 | $0.31 | $0.28 | -9.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Getaround, Inc. (GETR) report earnings?
Getaround, Inc. (GETR) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Getaround, Inc. (GETR) earnings time?
Getaround, Inc. (GETR) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GETR EPS forecast?
Currently, no data Available
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