Sonic Automotive SAH Finance, insurance and other, net — Contract Assets
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Where this comes from
Reported directly by Sonic Automotive in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
The source filing: Sonic Automotive’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 4:01 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0001628280-26-028847
The accompanying unaudited condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025 include approximately $5.8 million and $7.0 million, respectively, related to contract assets from F&I retro revenues recognition, which are recorded in receivables, net. In addition, we recorded approximately $10.2 million related to contract assets from F&I retro revenues recognition in other assets as of both March 31, 2026 and December 31, 2025. Changes in contract assets from December 31, 2025 to March 31, 2026 were primarily due to ordinary business activity, including the receipt of cash for amounts earned and recognized in prior periods. Please refer to Note 1, “Description of Business and Summary of Significant Accounting Policies,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2025 for further discussion of our revenue recognition policies and processes.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Sonic Automotive's finance, insurance and other, net — contract assets?
- Sonic Automotive (SAH) reported finance, insurance and other, net — contract assets of $5.8M in Q1 2026.
- How has Sonic Automotive's finance, insurance and other, net — contract assets changed year-over-year?
- Sonic Automotive's finance, insurance and other, net — contract assets increased by 18.4% year-over-year, from $4.9M to $5.8M.
- What is the long-term trend for Sonic Automotive's finance, insurance and other, net — contract assets?
- Over 4 years (2021 to 2025), Sonic Automotive's finance, insurance and other, net — contract assets has grown at a -30.6% compound annual growth rate (CAGR), from $98.9M to $23M.
- What does finance, insurance and other, net — contract assets mean?
- This metric represents the recognized contract assets arising from the sale of finance and insurance products where the company has performed its obligation but has not yet received payment. It reflects the value of future cash flows expected from these service contracts that have been recorded as assets on the balance sheet. Monitoring this balance helps investors assess the company's exposure to uncollected revenue and the timing of cash realization from its service portfolio.
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