Getaround ( (GETR) ) has released a notification of late filing.
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Getaround, Inc. has filed a Form 12b-25 to notify the delay in submitting its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to the company’s ongoing wind-down of its U.S. operations, including significant employee reductions and liquidity challenges, which have strained its accounting resources. The company has not specified a precise timeline for the delayed filing but is focusing on completing its financial statements for the fiscal year ended December 31, 2024, before proceeding with the quarterly report. There is an anticipated significant change in financial results, but no quantitative estimates are available at this time. The company continues to address compliance issues, with Patricia Huerta, the Acting CEO and Interim CFO, signing the notification.
Spark’s Take on GETR Stock
According to Spark, TipRanks’ AI Analyst, GETR is a Neutral.
Getaround, Inc. presents a challenging investment case. While there is positive revenue growth, significant risks stem from negative profitability, high leverage, and liquidity issues. Technical analysis shows some upward momentum, but valuation metrics highlight profitability concerns. The stock requires careful consideration given its financial instability and mixed technical signals.
To see Spark’s full report on GETR stock, click here.
More about Getaround
Average Trading Volume: 87,650
Technical Sentiment Signal: Sell
Current Market Cap: $1.7M
For an in-depth examination of GETR stock, go to TipRanks’ Stock Analysis page.