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1. • • Partially as a result of that gross margin dip, Turo’s profitability in calendar 2023 lagged its 2022 results. It posted its smallest operating profit since 2020 last year ($13.7 million, down from $46.6 million in 2021), and its lowest net profit since 2021 ($15.6 million, down from $154.7 million in 2022).
     techcrunch.com/2024/03/08/turo-car-rental-ipo-profitable-growth/

     Profitable car rental service Turo is still ready for an IPO ...

2. People also ask

   What happened to Turo's profit in 2023?

   • Partially as a result of that gross margin dip, Turo’s profitability in calendar 2023 lagged its 2022 results. It posted its smallest operating profit since 2020 last year ($13.7 million, down from $46.6 million in 2021), and its lowest net profit since 2021 ($15.6 million, down from $154.7 million in 2022).

   Profitable car rental service Turo is still ready for an IPO, but its

   techcrunch.com/2024/03/08/turo-car-rental-ipo-profitable-growth/

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   How much did Turo lose in 2021?

   • In fact, after posting GAAP net losses in the $90 million range in both 2019 and 2020, Turo cut the figure to a $40.4 million net loss in 2021. Last year the company’s net income came to a far-shinier and positive $154.7 million, although that number is predicated on a more modest operating income result of $33.8 million.

   Turo just dropped its 2022 financials as its IPO hunt continues

   techcrunch.com/2023/03/24/turo-just-dropped-its-2022-financials-as-its-ipo-hunt-continues/

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   Is Turo a profitable company?

   • Turo, which allows people to rent out personal vehicles, was able to fill the niche. From 2021 to 2023, Turo’s net revenues have grown nearly 88% to $879.6 million last year. The company has been profitable since 2021, and it has filed to go public. I talked to Fisher about Turo’s growth.

   Turo’s CFO Explains How They Grew Revenues 88% In 2 Years - Forbes

   www.forbes.com/sites/cfo/2024/03/12/turos-cfo-explains-how-they-grew-revenues-88-in-2-years/

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   How did Turo grow in 2022?

   • Let’s take a closer look. In 2022 Turo generated revenue of $746.6 million, up 59% from the $469 million it brought into the business in 2021. That growth was powered, in part, by a large boost to spending at the company, which saw its sales and marketing costs grow from $52.7 million in 2021 to $111.3 million in 2022.

   Turo just dropped its 2022 financials as its IPO hunt continues

   techcrunch.com/2023/03/24/turo-just-dropped-its-2022-financials-as-its-ipo-hunt-continues/

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3. techcrunch.com › 2024/03/08 › turo-car-rental-ipoProfitable car rental service Turo is still ready for an IPO ...

   techcrunch.com › 2024/03/08 › turo-car-rental-ipo

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   Mar 8, 2024 · How did Turo do in 2023? Turo posted revenues of $879.8 million last year, up 18% compared to the year before. The company’s total revenue scale is impressive, but its growth rate has ...

4. www.forbes.com › sites › cfoTuro’s CFO Explains How They Grew Revenues 88% In 2 Years

   www.forbes.com › sites › cfo

   Mar 12, 2024 · From 2021 to 2023, Turo’s net revenues have grown nearly 88% to $879.6 million last year. The company has been profitable since 2021, and it has filed to go public. I talked to Fisher about...

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6. techcrunch.com › 2023/06/13 › turos-q1-2023-resultsTuro’s Q1 2023 results indicate it may be a while until we ...

   techcrunch.com › 2023/06/13 › turos-q1-2023-results

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   Jun 13, 2023 · Turo swung to an operating loss of $11.4 million from an operating profit of $3.9 million last year. Net loss widened to $23.9 million from a loss of $7 million a year earlier.

7. www.morningstar.com › news › marketwatchCar-sharing marketplace Turo swings to a profit in a boost to ...

   www.morningstar.com › news › marketwatch

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   Aug 9, 2024 · Turo Inc. reversed a year-ago loss to post a profit for the six months that ended June 30 as the car-sharing marketplace moves ahead with plans to float an initial public offering. Turo said...

8. techcrunch.com › 2023/03/24 › turo-just-dropped-itsTuro just dropped its 2022 financials as its IPO hunt continues

   techcrunch.com › 2023/03/24 › turo-just-dropped-its

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   Mar 24, 2023 · Here we find that the company essentially matched its 2021 result of $81.1 million in 2022 when it reported adjusted EBITDA profit of $79.7 million.

9. www.fool.com › stocks › how-to-invest-in-turo-stockHow to Invest in Turo Before It IPOs | The Motley Fool

   www.fool.com › stocks › how-to-invest-in-turo-stock

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   Apr 3, 2024 · Turo reported net income of $14.7 million in 2023, down considerably from its $154.7 million in net income reported in 2022 -- the first year it reported a profit since its 2009 creation. When...

10. www.axios.com › pro › climate-dealsTuro pulls its car-sharing IPO back into the fast-lane - Axios

    www.axios.com › pro › climate-deals

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    Sep 11, 2023 · Car-sharing company Turo may finally start its IPO roadshow next month, Bloomberg reports, after tapping the brakes on its effort to list. Why it matters: The timing update for the company's aging plans to go public is another sign that the IPO market is perking back to life, albeit slowly.