---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-038263"
form_type: "8-K"
ticker: null
cik: "0001839608"
company_name: "Getaround, Inc"
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:33:04.787967+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Getaround reports FY2023 revenues of $72.7M (+22% YoY); net loss improves 16% to $113.9M

## Summary
- New CEO Eduardo Iniguez and Chair Jason Mudrick appointed in early 2024.
- GAAP net loss of $113.9M, improving 16% YoY; Adjusted EBITDA loss of $72.0M, improving 20% YoY.
- Trip Contribution Margin fell to 40% from 47% due to NY insurance costs and HyreCar liabilities.
- Suspending consumer carsharing operations in New York State as of April 1, 2024, citing excessive insurance requirements.
- Restructuring reduced annualized operating expenses by >$25M; HyreCar acquisition drove revenue growth.

## SEC filing metadata
- accession: 0000950170-24-038263
- form_type: 8-K
- cik: 0001839608
- company_name: Getaround, Inc
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839608/000095017024038263/0000950170-24-038263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839608/000095017024038263/getr-20240328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-038263
- JSON: https://secwatch.observer/filing/0000950170-24-038263.json
- Plain text: https://secwatch.observer/filing/0000950170-24-038263.txt

## Key facts
- Earnings Releases
  Getaround, Inc reported the year ended December 31, 2023 results: revenue $72.7 million, net income GAAP Net Loss of $113.9 million.
  - Period: the year ended December 31, 2023
  - Revenue: $72.7 million
  - Net income: GAAP Net Loss of $113.9 million
  - Result: reported results
  source text: focus on cost optimization measures. Throughout the year we also recognized significant benefits from the business restructuring announced in February 2023." ● Total Revenues of $72.7 million, an increase of 22% year-over-year ● Gross Booking Value of $204 million, an increase of 16% year-over-year ● Gross margin from Service revenue was 85%, consistent with the prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000095017024038263/0000950170-24-038263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.