Sunlands Technology (SDA.US) Earnings Explosion: Adjusted EBITDA Surges 269% YoY, Achieves Four Consecutive Quarters of Profitability, Renowned U.S. Stock Investor Eric Jackson Joins Advisory Board

U.S.-listed SunCar Technology Group Inc. (SDA.US) has officially released its 2026 semi-annual report. The financial results show that the company achieved substantial growth in multiple core indicators including operating revenue, net profit, adjusted EBITDA, and new energy vehicle insurance premiums, with profitability reversing and the new energy vehicle insurance business continuing to scale up; previously, renowned U.S. stock internet-famous investor Eric Jackson also formally joined the company's advisory board, bringing international capital and industry intellectual support to help the company seize the development dividends of the intelligent auto insurance industry. According to the official financial data disclosed in the semi-annual report, the company achieved revenue of US$277 million in the first half of 2026, a year-over-year increase of 24%; recorded net profit of US$3.4 million, a significant turnaround improvement compared to a net loss of US$5.5 million in the same period last year; adjusted EBITDA reached US$9.4 million, surging 269% year-over-year; the scale of new energy vehicle-related premiums increased 31% year-over-year, reaching US$916 million. The company continues to maintain its full-year 2026 revenue target guidance of US$600 million. Second-quarter performance continued to improve, and the company has now achieved profitability for four consecutive quarters, with earnings quality continuing to enhance. Behind the high growth in performance, on one hand, the contribution from the auto insurance renewal business continued to increase, with high-stickiness renewal business driving improvement in the overall profit level; on the other hand, the cooperation ecosystem with new energy vehicle manufacturers continued to expand, new energy vehicle insurance premiums grew rapidly, cooperation with the Huawei Qiankun ecosystem continued to deepen, and multiple leading automakers expanded the deployment and use of SunCar Technology's AI cloud platform in vehicle insurance and automotive service scenarios. At the technical level, SunCar Technology continues to increase the deep implementation of AI technology across the entire auto insurance process. The company partnered with ByteDance's Doubao large model to build a dynamic risk assessment system, establishing dedicated risk control dimensions for high-value new energy vehicle components such as advanced intelligent driving systems, power batteries, and LiDAR, enabling differentiated risk measurement and personalized auto insurance product matching. The AI renewal intelligent outbound calling system and auto insurance intelligent pricing engine have already been deployed at scale in Huawei Qiankun ecosystem partner brands such as HarmonyOS Intelligent Mobility and GAC Qijing. Relying on more than 48,000 automotive service outlets nationwide, it has built a one-stop service system of "insurance + maintenance + rescue + predictive maintenance," extending auto insurance from post-incident claims to full vehicle lifecycle management. As of now, the company's services cover more than 20 mainstream new energy vehicle brands, including Tesla, Inc., Xiaomi, NIO Inc. Sponsored ADR Class A, XPeng, Li Auto, HarmonyOS Intelligent Mobility, and GAC Qijing. At the corporate governance level, in order to match global business development and capital market communication needs, the board of directors appointed Mr. Qian Xuefeng, a well-known domestic investor, as an independent director, to provide an industrial investment perspective for the company's strategic planning, ecosystem expansion, and compliance governance. In addition, the company's advisory board welcomed a heavyweight member highly influential North American hedge fund manager and financial opinion leader **Eric Jackson** formally joined. Eric Jackson is the founder, president, and portfolio manager of EMJ Capital Ltd., an institution registered with the Ontario Securities Commission in Canada, using self-developed AI/ML algorithms to conduct long-short strategy investments in technology stocks. He has a composite background spanning entrepreneurial executive roles, hedge fund management, and academic research, and previously served as managing director of SpringOwl Event Driven Partners and co-founded Ironfire Capital; he holds a doctorate in management from Columbia Business School, with his doctoral research focusing on corporate governance and IPO market performance. As a regular financial commentary guest on CNBC and BNN Bloomberg, he has approximately 116,000 followers on the overseas social platform X. He is well known in the market for his early and accurate bullish call on Carvana (CVNA), and his public judgments on growth names such as Opendoor carry enormous influence among U.S. retail stock investors. Eric Jackson will focus on investor relations, corporate strategy, and international business expansion to provide advisory support to the company. He is very optimistic about SunCar Technology's unique industry positioning, believing that the company is at the hub of a massive autonomous driving fleet service Hub Group, Inc. Class A, deeply connected to the Huawei Qiankun intelligent vehicle foundation, and will occupy a first-mover advantage in the process of defining autonomous driving insurance rules. Ye Zaichang, chairman and chief executive officer of SunCar Technology, said: "In the first half of 2026, we delivered a scorecard of dual growth in revenue and profitability, with new energy vehicle insurance premiums achieving a 31% year-over-year increase. The renewal business has become an important pillar of the company's profit, and major new energy vehicle manufacturer partners continue to recognize our AI-driven insurance and automotive service solutions. The joining of professionals such as Qian Xuefeng and Eric Jackson will bring the company diverse perspectives from industry and global capital markets. In the future, the company will continue to deepen the application of AI technology in the intelligent auto insurance field, expand the new energy vehicle service ecosystem, fully implement its annual operating targets, and create long-term value for all shareholders."