Zoomcar Holdings, Inc., India’s leading peer-to-peer self-drive car-sharing marketplace, has reported strong preliminary operating and financial performance for December 2025, highlighted by record revenue, improved unit economics, and higher contribution profitability.
Based on internal, preliminary unaudited and unreviewed data, the company said it delivered enhanced operating leverage during the month, driven by longer trip durations and higher transaction values, even as booking volumes grew modestly.
Revenue Growth Outpaces Bookings
Zoomcar projects a 2 percent month-over-month increase in bookings compared to November 2025. However, the quality of bookings improved significantly, resulting in a 27 percent increase in Gross Booking Value (GBV) and a 34 percent rise in Net GAAP Revenue.
The company expects Net GAAP Revenue to reach a record level of nearly USD 1 million in December, achieved without any performance marketing spend, underscoring its focus on disciplined execution and improving unit economics across its asset-light marketplace model.
Contribution Profitability Hits New High
Contribution profitability is also projected to have reached a record level, accounting for approximately 58 percent of Net GAAP Revenue, or USD 17.52 per booking. This compares with an average contribution profit of about USD 11.63 per booking recorded between April and November 2025.
According to the company, the improvement reflects stronger pricing, longer trip durations, and increased average transaction values.
Longer Trips Boost Unit Economics
Operational metrics show a notable shift toward longer and higher-value trips. Average trip duration in December is projected to have increased by around 20 percent to 60 hours, compared with an average of 50 hours during the first eight months of the fiscal year ended November 30, 2025.
Driven by these longer trips, average transaction value is projected to have risen by approximately 30 percent to around USD 78, compared with about USD 60 in the earlier period.
“These results reflect continued progress in improving the quality and economics of bookings on our platform,” said Deepankar Tiwari, Chief Executive Officer of Zoomcar. “We delivered materially higher revenue and contribution profitability without incremental marketing spend, demonstrating the operating leverage inherent in our model.”
Preliminary and Unaudited Results
Zoomcar emphasized that the figures disclosed are preliminary estimates and subject to revision as the company completes its quarterly financial close. The final results will be reported in its Form 10-Q for the third quarter of fiscal year 2025–2026, in accordance with U.S. GAAP.
The company also noted that certain non-GAAP measures, including contribution profit, are provided to offer additional insight into operational performance and are not intended to replace GAAP financial measures.
With improving trip economics and disciplined cost management, Zoomcar’s December performance points to strengthening fundamentals as it continues to refine its marketplace efficiency heading into 2026.
