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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and SunCar Technology Group Inc. (SDA). Click either name above to swap in a different company.

SunCar Technology Group Inc. is the larger business by last-quarter revenue ($119.7M vs $71.0M, roughly 1.7× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs -1.6%, a 12.5% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

CHR vs SDA — Head-to-Head

Bigger by revenue
SDA
SDA
1.7× larger
SDA
$119.7M
$71.0M
CHR
Higher net margin
CHR
CHR
12.5% more per $
CHR
10.9%
-1.6%
SDA

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
CHR
CHR
SDA
SDA
Revenue
$71.0M
$119.7M
Net Profit
$7.8M
$-1.9M
Gross Margin
70.7%
Operating Margin
11.7%
1.5%
Net Margin
10.9%
-1.6%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
EPS (diluted)
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
SDA
SDA
Q2 25
$71.0M
$119.7M
Q1 25
$102.6M
Q3 24
$109.6M
Q2 24
$71.1M
Net Profit
CHR
CHR
SDA
SDA
Q2 25
$7.8M
$-1.9M
Q1 25
$-3.6M
Q3 24
$-2.2M
Q2 24
$12.4M
Gross Margin
CHR
CHR
SDA
SDA
Q2 25
70.7%
Q1 25
Q3 24
Q2 24
73.4%
Operating Margin
CHR
CHR
SDA
SDA
Q2 25
11.7%
1.5%
Q1 25
-2.9%
Q3 24
0.2%
Q2 24
16.4%
Net Margin
CHR
CHR
SDA
SDA
Q2 25
10.9%
-1.6%
Q1 25
-3.6%
Q3 24
-2.0%
Q2 24
17.5%
EPS (diluted)
CHR
CHR
SDA
SDA
Q2 25
$0.67
Q1 25
$-0.03
Q3 24
$-0.01
Q2 24
$1.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$45.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$29.4M
Total Assets
$362.7M
$277.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
SDA
SDA
Q2 25
$45.7M
Q1 25
$60.5M
Q3 24
$42.0M
Q2 24
$186.1M
Stockholders' Equity
CHR
CHR
SDA
SDA
Q2 25
$322.1M
$29.4M
Q1 25
$34.8M
Q3 24
$17.7M
Q2 24
$286.1M
Total Assets
CHR
CHR
SDA
SDA
Q2 25
$362.7M
$277.5M
Q1 25
$276.7M
Q3 24
$252.1M
Q2 24
$333.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
SDA
SDA
Operating Cash FlowLast quarter
$3.9M
$9.0K
Free Cash FlowOCF − Capex
$3.0K
FCF MarginFCF / Revenue
0.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
SDA
SDA
Q2 25
$3.9M
$9.0K
Q1 25
$-9.3M
Q3 24
$3.8M
Q2 24
$-6.7M
Free Cash Flow
CHR
CHR
SDA
SDA
Q2 25
$3.0K
Q1 25
$-9.3M
Q3 24
$3.5M
Q2 24
FCF Margin
CHR
CHR
SDA
SDA
Q2 25
0.0%
Q1 25
-9.0%
Q3 24
3.2%
Q2 24
Capex Intensity
CHR
CHR
SDA
SDA
Q2 25
0.0%
Q1 25
0.0%
Q3 24
0.3%
Q2 24
Cash Conversion
CHR
CHR
SDA
SDA
Q2 25
0.51×
Q1 25
Q3 24
Q2 24
-0.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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