See more : Grupo Traxión, S.A.B. de C.V. (GRPOF) Income Statement Analysis – Financial Results
Complete financial analysis of HyreCar Inc. (HYRE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of HyreCar Inc., a leading company in the Rental & Leasing Services industry within the Industrials sector.
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HyreCar Inc. (HYRE)
About HyreCar Inc.
HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States. Its marketplace allows car and fleet owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue | 35.72M | 25.23M | 15.85M | 9.78M | 3.22M | 515.44K |
| Cost of Revenue | 25.94M | 16.96M | 9.84M | 5.13M | 2.91M | 427.94K |
| Gross Profit | 9.77M | 8.27M | 6.01M | 4.65M | 311.33K | 87.50K |
| Gross Profit Ratio | 27.36% | 32.78% | 37.92% | 47.51% | 9.66% | 16.98% |
| Research & Development | 5.79M | 3.05M | 2.50M | 1.41M | 687.04K | 117.06K |
| General & Administrative | 21.94M | 12.33M | 8.56M | 7.60M | 1.82M | 438.06K |
| Selling & Marketing | 10.01M | 8.14M | 7.64M | 4.79M | 1.87M | 370.95K |
| SG&A | 31.96M | 20.47M | 16.21M | 12.39M | 3.69M | 809.00K |
| Other Expenses | 2.01M | 56.89K | 174.48K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 37.75M | 23.52M | 18.70M | 13.80M | 4.38M | 926.06K |
| Cost & Expenses | 63.69M | 40.48M | 28.54M | 18.94M | 7.29M | 1.35M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 24.30K | 2.50K | 2.04M | 202.45K | 31.15K |
| Depreciation & Amortization | 77.03K | 133.72K | 244.88K | 900.00 | -1.53K | 3.84K |
| EBITDA | -27.90M | -15.12M | -12.44M | -9.20M | -4.07M | -834.72K |
| EBITDA Ratio | -78.12% | -59.92% | -78.49% | -94.12% | -126.20% | -161.94% |
| Operating Income | -27.98M | -15.25M | -12.69M | -9.16M | -4.07M | -838.56K |
| Operating Income Ratio | -78.33% | -60.45% | -80.04% | -93.67% | -126.15% | -162.69% |
| Total Other Income/Expenses | 2.02M | 32.59K | 171.98K | -2.08M | -203.98K | -27.32K |
| Income Before Tax | -25.95M | -15.22M | -12.52M | -11.24M | -4.27M | -865.88K |
| Income Before Tax Ratio | -72.67% | -60.32% | -78.95% | -114.99% | -132.48% | -167.99% |
| Income Tax Expense | 526.00 | 800.00 | 800.00 | 800.00 | 800.00 | 800.00 |
| Net Income | -25.95M | -15.22M | -12.52M | -11.24M | -4.27M | -866.68K |
| Net Income Ratio | -72.67% | -60.32% | -78.96% | -115.00% | -132.50% | -168.14% |
| EPS | -1.26 | -0.87 | -0.90 | -1.31 | -0.41 | -0.08 |
| EPS Diluted | -1.26 | -0.87 | -0.90 | -1.31 | -0.41 | -0.08 |
| Weighted Avg Shares Out | 20.64M | 17.56M | 13.96M | 8.56M | 10.47M | 10.47M |
| Weighted Avg Shares Out (Dil) | 20.64M | 17.56M | 13.96M | 8.56M | 10.47M | 10.47M |
Glancy Prongay & Murray LLP Announces Proposed Settlement on Behalf of Purchasers of HyreCar Inc. Publicly Traded Common Stock - HYREQ
SANTA ANA, Calif. , Aug. 26, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that the United States District Court for the Central District of California has approved the following announcement of a proposed settlement that would benefit purchasers...
HyreCar Assets To Be Acquired by Getaround, Creating the Largest Gig Economy Carsharing Marketplace in the U.S.
HyreCar to sell substantially all of its assets to carsharing marketplace leader, Getaround, unlocking new opportunities for gig economy workers and vehicle owners HyreCar to sell substantially all of its assets to carsharing marketplace leader, Getaround, unlocking new opportunities for...
Getaround Acquires HyreCar Assets to Accelerate Profitability Path and Fortify Worldwide Gig Carsharing Leadership Position
SAN FRANCISCO--(BUSINESS WIRE)--Getaround (NYSE: GETR), the world's first connected carsharing marketplace, today announced the company is acquiring substantially all of the assets of HyreCar (OTC: HYRE), a premier gig carsharing marketplace, for an aggregate purchase price of $9.45 million. The...
HyreCar Cancels Special Meeting of Stockholders
LOS ANGELES, Feb. 28, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC: HYRE) (“HyreCar” or the “Company”) today announced cancellation of its virtual special meeting of stockholders that was scheduled for March 21, 2023. The proposals set forth in the Company's...
HyreCar to Facilitate Sale of Business Through Voluntary Chapter 11 Process, Announces Leadership Changes
Continues to operate and meet owner and driver needs for a gig-focused digital carsharing marketplace
HyreCar Retains Northland Capital Markets as Advisor to Explore Strategic Alternatives
LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC: HYRE) (“HyreCar” or the “Company”), the carsharing marketplace for ridesharing and food and package delivery services, today announced that, pursuant to its previously disclosed process to evaluate potential strategic...
HyreCar Launches HyreCar Select Program to Increase Volume and Diversity of Car Supply
HyreCar Select unlocks new makes and models and is expected to increase quantity and diversity of EV and ICE cars available for rent on the carsharing platform HyreCar Select unlocks new makes and models and is expected to increase quantity...
HyreCar Announces $12.25 Million in Financing to Further Accelerate Growth and Terminates “At-the-Market” Offering
LOS ANGELES, Jan. 06, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announced that it had raised $12.25 million in financing. The financing includes an initial tranche of...
HyreCar Focused on Sustainable Topline Growth and Profitability as In-fleeted and Net New Vehicle Counts Increase
LOS ANGELES, Dec. 12, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announced updates on progress of its joint venture with AmeriDrive and changes to its leadership team.
HyreCar, Inc. (HYRE) Q3 2022 Earnings Call Transcript
HyreCar, Inc. (NASDAQ:HYRE ) Q3 2022 Earnings Conference Call November 14, 2022 4:30 PM ET Company Participants Scott Arnold - IR, CORE IR Joe Furnari - CEO Eduardo Iniguez - Head of Finance & Interim CFO Conference Call Participants Jack...
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