Results · Mobility & Logistics

Zoomcar narrows loss 91% in Q3 FY26

By Startup Enthusiast · 17 February 2026

What they do

Zoomcar operates a peer-to-peer car-sharing platform in India

Net loss fell to $721K from $7.92M a year ago, helped by a $1.23M one-time gain

The company again flagged doubt about its ability to continue as a going concern

Zoomcar reported a net loss of $721,000 for the December 2025 quarter, down 91% from $7.92 million a year ago.
The loss also fell 9% sequentially from $794,000 in the previous quarter.
The improvement included a $1.23 million one-time gain from a write-back of contractor liabilities and GST receivables recovery.
Operating revenue was $2.37 million, down 3% year-on-year but up 4% sequentially.
Total costs and expenses dropped 33% year-on-year to $3.84 million.
Zoomcar again flagged substantial doubt about its ability to continue as a going concern in its SEC filing.
Management said existing cash can fund operations only until March 31, 2026.
The company defaulted on $1.01 million in debt obligations as of December 31, 2025.

Zoomcar has relied on bridge financings, discounted notes, and warrant-linked deals over the past year.
It is raising additional capital through a private placement bridge financing of $2 million to $10 million.
The company is also evaluating a possible uplisting to a US national securities exchange.
Zoomcar continues restructuring its existing debt obligations.

Zoomcar is raising additional capital through a private placement bridge financing of $2 million to $10 million.
It launched a tender offer to exchange existing investor warrants for common stock.
The company is evaluating a possible uplisting to a US national securities exchange.
It continues restructuring its existing debt obligations.