Getaround reported Q3 2024 total revenue of $22.4 million, down 6% year-over-year, while net loss narrowed to $15.5 million from $27.3 million. Service revenue decreased 5% to $22.1 million, primarily impacted by suspended operations in New York State and the implementation of new TrustScore system aimed at reducing higher-risk customers.Operations and support expenses decreased 10% to $15.3 million due to reduced compensation costs and improved operational efficiency. The company achieved a Trip Contribution Margin of 48% despite revenue decline. General and administrative expenses fell 5% to $11.1 million, reflecting cost management efforts including office lease termination and lower bad debt expense.As of September 30, 2024, Getaround had $30.8 million in cash but faces substantial going concern doubts. The company secured additional financing through amended notes with Mudrick Capital, with the latest November amendment increasing the Super Priority Note to $97.8 million due August 2026. Management continues to seek capital amid ongoing operating losses and negative cash flows.

Getaround reported Q3 2024 total revenue of $22.4 million, down 6% year-over-year, while net loss narrowed to $15.5 million from $27.3 million. Service revenue decreased 5% to $22.1 million, primarily impacted by suspended operations in New York State and the implementation of new TrustScore system aimed at reducing higher-risk customers.Operations and support expenses decreased 10% to $15.3 million due to reduced compensation costs and improved operational efficiency. The company achieved a Trip Contribution Margin of 48% despite revenue decline. General and administrative expenses fell 5% to $11.1 million, reflecting cost management efforts including office lease termination and lower bad debt expense.As of September 30, 2024, Getaround had $30.8 million in cash but faces substantial going concern doubts. The company secured additional financing through amended notes with Mudrick Capital, with the latest November amendment increasing the Super Priority Note to $97.8 million due August 2026. Management continues to seek capital amid ongoing operating losses and negative cash flows.