Company research
ECARX Holdings Inc.
CIK 1861974Updated Sep 25, 2026
ECX price & chart
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NASDAQ:ECX on TradingView ↗In the news
ECARX Announces Filing of Annual Report on Form 20-F ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 662,409,000Source | 516,639,000Source | 601,086,000Source | 616,339,000Source |
| Property, Plant and Equipment, NetUSD | 26,705,000Source | 21,961,000Source | 17,012,000Source | 17,173,000Source |
| GoodwillUSD | 3,686,000Source | 3,525,000Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 40,381,000Source | 42,439,000Source | 25,260,000Source | 5,319,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 87,118,000Source | 44,393,000Source | 79,036,000Source | 106,911,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | 60,636,000Source |
| Inventory, NetUSD | 62,341,000Source | 32,050,000Source | 22,646,000Source | 19,074,000Source |
| Assets, CurrentUSD | 483,175,000Source | 387,886,000Source | 463,210,000Source | 475,711,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 36,383,000Source | 61,959,000Source | 62,181,000Source | 59,870,000Source |
| Operating Lease, Right-of-Use AssetUSD | 16,770,000Source | 18,173,000Source | 17,635,000Source | 12,371,000Source |
| Other Assets, NoncurrentUSD | — | — | — | 3,773,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 945,884,000Source | 755,690,000Source | 718,617,000Source | 642,030,000Source |
| Commitments and ContingenciesCNY | — | 0Source | 0Source | — |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 958,052,000Source | 851,351,000Source | 858,278,000Source | 858,270,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,190,495,000Source | -1,041,607,000Source | -939,502,000Source | -828,014,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -20,219,000Source | -49,800,000Source | -48,555,000Source | -55,948,000Source |
| Stockholders' Equity Attributable to ParentUSD | -282,664,000Source | -241,074,000Source | -129,778,000Source | -25,691,000Source |
| Liabilities and EquityUSD | 662,409,000Source | 516,639,000Source | 601,086,000Source | 616,339,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 823,004,000Source | 702,151,000Source | 593,738,000Source | 521,863,000Source |
| Operating Lease, Liability, CurrentUSD | 4,983,000Source | 40,918,000Source | 4,947,000Source | 3,502,000Source |
| Accounts Payable, CurrentUSD | — | — | — | 148,494,000Source |
| Operating Lease, Liability, NoncurrentUSD | 15,696,000Source | 16,634,000Source | 15,156,000Source | 8,632,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,700,000Source | 2,082,000Source | — | — |
| Other Liabilities, NoncurrentUSD | — | — | — | 4,453,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -811,000Source | — | — | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 1,689,000Source | 15,097,000Source | — | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountCNY | — | — | 0Source | 40,750,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -68,939,000Source | -135,611,000Source | -142,985,000Source | -223,455,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 19,871,000Source | 20,311,000Source | 12,085,000Source | 9,809,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 13,341,000Source | 18,762,000Source | 24,511,000Source | 105,210,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 31,935,000Source | 9,970,000Source | -1,570,000Source | -8,171,000Source |
| Deferred Income Tax Expense (Benefit)USD | -450,000Source | -2,499,000Source | -114,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -94,391,000Source | -58,947,000Source | -175,129,000Source | -58,833,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -70,482,000Source | -8,208,000Source | 83,393,000Source | -41,108,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 12,168,000Source | 15,707,000Source | 8,760,000Source | 18,526,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 203,863,000Source | 35,845,000Source | 41,808,000Source | 77,969,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 43,092,000Source | -31,706,000Source | -44,107,000Source | -17,778,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 93,256,000Source | 50,341,000Source | 82,857,000Source | 112,849,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 23,276,000Source | 15,362,000Source | 8,994,000Source | 4,753,000Source |
| Income Taxes Paid, NetUSD | 3,218,000Source | 1,753,000Source | 280,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,102,000Source | -396,000Source | 5,821,000Source | 4,194,000Source |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | 4,413,000Source | — | — | — |
| Share-based Payment Arrangement, ExpenseUSD | 13,341,000Source | — | — | — |
| Amortization of Debt Issuance CostsUSD | — | 285,000Source | 403,000Source | — |
| Amortization of Intangible AssetsUSD | 12,205,000Source | 91,464,000Source | 31,840,000Source | 22,568,000Source |
| Deconsolidation, Gain (Loss), AmountCNY | — | 0Source | 0Source | 10,435,000Source |
| DepreciationUSD | 7,666,000Source | 56,791,000Source | 53,959,000Source | 45,087,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 0Source | 6,446,000Source | 0Source | 0Source |
| Equity Securities, FV-NI, Realized Gain (Loss)CNY | — | 0Source | 0Source | 8,660,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | -221,000Source | -6,031,000Source | -3,162,000Source | -2,442,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | — | — | — | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,223,000Source | -7,613,000Source | -10,349,000Source | -2,641,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 3,329,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -437,000Source | 64,000Source | -247,000Source | -281,000Source |
| General and Administrative ExpenseUSD | — | — | — | 171,116,000Source |
| GoodwillUSD | 3,686,000Source | 3,525,000Source | — | — |
| Goodwill, Impairment LossUSD | 3,291,000Source | 648,000Source | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)CNY | — | — | 2,945,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -68,939,000Source | -135,611,000Source | -142,985,000Source | -223,455,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 1,236,000Source | 5,525,000Source | -6,066,000Source | -19,920,000Source |
| Income Tax Expense (Benefit)USD | 1,244,000Source | 203,000Source | -513,000Source | 3,128,000Source |
| Inventory Write-downUSD | 1,340,000Source | 913,000Source | 1,499,000Source | 5,133,000Source |
| Investment Income, InterestUSD | 3,710,000Source | 3,038,000Source | 4,296,000Source | 1,804,000Source |
| Net Income (Loss) Attributable to ParentUSD | -66,043,000Source | -127,726,000Source | -132,423,000Source | -223,179,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -127,726,000Source | -132,423,000Source | -274,735,000Source |
| Nonoperating Income (Expense)USD | 5,942,000Source | — | — | — |
| Operating ExpensesUSD | 216,035,000Source | 278,989,000Source | 308,137,000Source | 356,200,000Source |
| Other Nonoperating Income (Expense)USD | 5,904,000Source | -4,781,000Source | -1,301,000Source | — |
| Proceeds from Contributions from AffiliatesCNY | — | 0Source | 0Source | 6,339,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 5,475,000Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | 256,000Source | — | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | 628,000Source | -354,000Source | -269,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 847,858,000Source | 761,891,000Source | 657,213,000Source | 515,736,000Source |
| Cost of RevenueUSD | 686,596,000Source | 603,767,000Source | 478,333,000Source | — |
| Selling, General and Administrative ExpenseUSD | 93,841,000Source | 106,473,000Source | 130,813,000Source | — |
| Operating Income (Loss)USD | -54,773,000Source | -120,865,000Source | -129,257,000Source | -212,591,000Source |
| Other Nonoperating Income (Expense)USD | 5,904,000Source | -4,781,000Source | -1,301,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -67,695,000Source | -135,408,000Source | -143,498,000Source | -220,327,000Source |
| Income Tax Expense (Benefit)USD | 1,244,000Source | 203,000Source | -513,000Source | 3,128,000Source |
| Net Income (Loss) Attributable to ParentUSD | -66,043,000Source | -127,726,000Source | -132,423,000Source | -223,179,000Source |
| Earnings Per Share, BasicUSD per share | -0.2Source | -0.38Source | -0.39Source | -1.15Source |
| Earnings Per Share, DilutedUSD per share | -0.2Source | -0.38Source | -0.39Source | -1.15Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 338,659,826Source | 336,641,846Source | 337,407,225Source | 239,296,386Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 338,659,826Source | 336,641,846Source | 337,407,225Source | 239,296,386Source |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | 4,413,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 12,205,000Source | 91,464,000Source | 31,840,000Source | 22,568,000Source |
| Current Income Tax Expense (Benefit)USD | 1,694,000Source | 19,721,000Source | -3,529,000Source | — |
| Equity Securities, FV-NI, Realized Gain (Loss)CNY | — | 0Source | 0Source | 8,660,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | — | — | — | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,223,000Source | -7,613,000Source | -10,349,000Source | -2,641,000Source |
| General and Administrative ExpenseUSD | — | — | — | 171,116,000Source |
| Goodwill, Impairment LossUSD | 3,291,000Source | 648,000Source | — | — |
| Gross ProfitUSD | 161,262,000Source | 158,124,000Source | 178,880,000Source | 143,609,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -68,939,000Source | -135,611,000Source | -142,985,000Source | -223,455,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 1,236,000Source | 5,525,000Source | -6,066,000Source | -19,920,000Source |
| Interest ExpenseUSD | 23,772,000Source | 18,325,000Source | 11,170,000Source | 7,414,000Source |
| Investment Income, InterestUSD | 3,710,000Source | 3,038,000Source | 4,296,000Source | 1,804,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | -2,896,000Source | -7,885,000Source | -10,562,000Source | -209,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -127,726,000Source | -132,423,000Source | -274,735,000Source |
| Nonoperating Income (Expense)USD | 5,942,000Source | — | — | — |
| Operating ExpensesUSD | 216,035,000Source | 278,989,000Source | 308,137,000Source | 356,200,000Source |
| Research and Development ExpenseUSD | 123,337,000Source | 172,580,000Source | 178,074,000Source | 175,560,000Source |
| Selling and Marketing ExpenseUSD | — | — | — | 12,555,000Source |