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NASDAQ · SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN · MID CAP

Ecarx Holdings Inc. ECX

6 fiscal years on record · CNY · FY2025 reported · SEC filings only
$847.9M
▲ 9.9% YoY
$-66.0M
CNY -106.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company develops full-stack technology solutions for software-defined vehicles. Its business is focused on three product lines: Intelligent Cockpit Platforms, Intelligent Driving Platforms, and Fusion Platforms (Vehicle Central Computing). As of December 31, 2025, there were over 11 million vehicles on the road with its products and solutions onboard. As of December 31, 2025, it had a team of over 1,400 based in 13 major locations in China, UK, USA, Singapore, Malaysia, Sweden and Germany, with approximately 70% involved in research and development. Its Intelligent Cockpit Platforms product line offers a cockpit portfolio ranging from entry-level solutions to flagship platforms. Its Intelligent Driving Platforms product line offers ADAS solutions covering parking assistance systems, smart camera solutions and ADAS domain controllers, with functionality ranging from active safety to L2 / L2+ / L2++.

Written from the business description in ECARX Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth

USD 847.9M
Revenue, FY2025 · full 6-year series below
Revenue CNY B Net income CNY B
FY2022 · Revenue 3.6 · Net income -1.6
2B3B-1B-2B
202020232025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−8 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -6.5% · Net -8.1%
-20%-40%
202020222025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -106.6
-400M-800M
202020222025

Total assetsUSD 662.4M
EquityUSD -282.7M
CashUSD 87.1M
Gross debtUSD 310.7M
Net debtUSD 223.5M
Current ratio0.59×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ECX, 6-year financial record
Metric 202520242023202220212020
Revenue CNY B◌◌◌3.62.82.2
Operating income CNY B◌◌◌−1.6−1.0−0.4
EBITDA CNY B−0.0−0.1−0.1−1.6−0.9−0.4
Income tax CNY B◌◌◌0.00.00.0
Net income CNY B◌◌◌−1.6−1.2−0.4
Free cash flow CNY B−0.1−0.1−0.2−0.6−1.0−0.4
EPS, diluted CNY ◌◌◌−8.02−5.99−2.27
Dividend / sh CNY ◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE % — not applicable: negative equity——————

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 4 failures in 28 reconciliationsAUDITED

Reconciled in 2 of the 6 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency4 failures
ActivityServices-Computer Integrated Systems Design
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company
Data on record since2020

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