Bengaluru, India Feb 18th: Zoomcar Holdings, Inc. (OTCQB: ZCAR) (“Zoomcar” or the “Company”), India’s leading peer-to-peer car-sharing marketplace, today announced results for the quarter ended December 31, 2025 (Q3 FY25-26), underscoring continued execution on profitability and balance sheet priorities.
The Company delivered record contribution profit of $1.38 million (58% margin), also marking the ninth consecutive quarter of positive contribution profit. Contribution profit per booking improved by a significant 14% to $14.10, up from $12.39 in the prior year quarter. Adjusted EBITDA loss improved 74% year over year to $(0.83) million, while loss attributable to shareholders narrowed 91% year over year to $(0.72) million.
“Our Q3 FY25-26 results reflect stronger booking level economics and continued operating discipline,” said Deepankar Tiwari, CEO of Zoomcar. “With repeat usage remaining resilient without significant promotion spend, we believe we’re well positioned to consolidate India’s peer-to-peer mobility market as consumer preferences shift from ownership to access.”
Q3 FY25-26 Highlights (Quarter ended Dec 31, 2025)
- Path to Profitability accelerated without performance marketing spends: Ninth straight quarter of positive contribution profit, delivering record quarterly contribution profit of $1.38M (58% margin) and $14.10 contribution profit per booking, achieved with no performance marketing spend for 21+ months.
- Meaningful profitability progress: Adjusted EBITDA loss improved 74% YoY to $(0.83)M.
- Net loss materially reduced: Loss attributable to shareholders improved 91% YoY to $(0.72)M (vs. $(7.92)M prior year).
- Demand quality remained strong: GBV $6.60M (+1% YoY); repeat users contributed 58% of bookings; average guest trip rating reached an all-time high of 4.79/5.
Market Tailwinds + Unit Economics Inflection
Zoomcar believes India presents a compelling long-term opportunity for peer-to-peer car-sharing, driven by low car penetration and rising digital adoption. The Company highlighted projected total addressable market (TAM) expansion from 18.5 million users in 2025 to 65 million users by 2031, alongside continued unit economics improvement, with contribution margin per booking improving from negative levels in December 2023 to +$14.10 in December 2025.
Fundraising and Uplisting Update
Zoomcar is in the process of raising additional capital to support growth initiatives, including a private placement bridge financing with a minimum raise of $2 million and up to $10 million, including an overallotment option. The Company has also launched a tender offer to exchange existing investor warrants for shares of common stock as part of efforts to simplify its capital structure. Zoomcar is also evaluating a possible uplisting to a U.S. national securities exchange, and continues to restructure existing debt obligations to strengthen its balance sheet and improve long-term financial sustainability.