ECARX Holdings, Inc.(ECX)Earnings, Financials & Key Ratios
ECX•NASDAQ
$1.12
$375M mkt cap·Price updated May 6, 2026
SectorConsumer CyclicalIndustryAuto Parts & EquipmentSub-IndustryVehicle Electronics and Connectivity
AboutECARX Holdings, Inc. engages in the design, development, and delivery of vehicle technology. Its products include infotainment head units, digital cockpits, vehicle chip-set, operating system and software stack. The company was founded in 2017 and is based in Shanghai, China with an additional office in Europe.Show more
- Revenue$848M-84.8%
- EBITDA-$33M+64.7%
- Net Income-$66M+48.3%
- EPS (Diluted)-0.19+93.2%
- Gross Margin19.02%+569.1%
- EBITDA Margin-3.95%-131.8%
- Operating Margin-6.45%-196.9%
- Net Margin-7.78%-238.9%
- ROIC-62.54%-16.2%
ECX Key Insights
ECARX Holdings, Inc. (ECX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 31.6%
- ✓Efficient asset utilization: 1.3x turnover
✗Weaknesses
- ✗Weak momentum: RS Rating 9 (bottom 9%)
- ✗Sales declining 17.7% over 5 years
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ECX Price & Volume
ECARX Holdings, Inc. (ECX) stock price & volume — 10-year historical chart
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ECX Growth Metrics
ECARX Holdings, Inc. (ECX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-17.67%
3 Years-38.03%
TTM-29.23%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM38.98%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM47.27%
Return on Capital
10 Years-60.43%
5 Years-60.43%
3 Years-48.87%
Last Year-62.54%
ECX Recent Earnings
ECARX Holdings, Inc. (ECX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 3/12 qtrs (30%)
Q1 2026Latest
Feb 12, 2026EPS
$0.01
Est $0.04
-75.4%
Revenue
$301M
Est $383M
-21.5%
Q4 2025
Nov 3, 2025EPS
$0.14
Est $0.01
-1096.7%
Revenue
$198M
Est $271M
-27.0%
Q3 2025
Aug 26, 2025EPS
$0.13
Est $0.00
-3350.0%
Revenue
$133M
Est $227M
-41.5%
Q2 2025
Apr 30, 2025EPS
$0.08
Est $0.36
+77.8%
Revenue
$168M
Est $224M
-25.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.01vs $0.04-75.4% | $301Mvs $383M-21.5% |
| Q4 2025 | Nov 3, 2025 | $0.14vs $0.01-1096.7% | $198Mvs $271M-27.0% |
| Q3 2025 | Aug 26, 2025 | $0.13vs $0.00-3350.0% | $133Mvs $227M-41.5% |
| Q2 2025 | Apr 30, 2025 | $0.08vs $0.36+77.8% | $168Mvs $224M-25.0% |
Based on last 12 quarters of dataView full earnings history →
ECX Peer Comparison
ECARX Holdings, Inc. (ECX) competitors in Vehicle Electronics and Connectivity — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MBLY | 7.39B | 9.07 | -18.90 | 14.51% | -203.97% | -37.31% | ||
 APTV | 12.11B | 56.80 | 75.73 | 3.47% | 1.77% | 3.81% | 0.85 | |
 VC | 3.05B | 113.72 | 15.62 | -2.53% | 5.31% | 12.66% | 0.33 | |
 NXPI | 76.66B | 303.63 | 38.19 | -2.74% | 21.03% | 25.21% | 1.17 | |
 LAZR | 1.95M | 0.06 | -0.01 | 8.05% | -308.45% | |||
 OUST | 1.87B | 29.40 | -27.47 | 52.46% | -30.12% | -22.2% | 0.07 | |
 INVZ | 127.3M | 0.75 | -2.21 | 127% | -123.06% | -87.23% | 0.83 | |
 CEVA | 832.42M | 34.66 | -93.68 | 9.77% | -10.49% | -4.2% | 0.02 |
Compare ECX vs Peers
ECARX Holdings, Inc. (ECX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ECX Income Statement
ECARX Holdings, Inc. (ECX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 2.24B | 2.78B | 3.56B | 4.7B | 5.56B | 847.67M |
| Revenue Growth % | - | 24.01% | 28.17% | 31.94% | 18.33% | -84.76% |
| Cost of Goods Sold | 1.69B | 307.81M | 372.23M | 483.45M | 603.7M | 686.42M |
| COGS % of Revenue | 75.4% | 11.08% | 10.45% | 10.29% | 10.86% | 80.98% |
| Gross Profit | 551.39M▲ 0% | 128.18M▼ 76.8% | 144.06M▲ 12.4% | 179.54M▲ 24.6% | 158.11M▼ 11.9% | 161.26M▲ 2.0% |
| Gross Margin % | 24.6% | 4.61% | 4.04% | 3.82% | 2.84% | 19.02% |
| Gross Profit Growth % | - | -76.75% | 12.38% | 24.63% | -11.94% | 1.99% |
| Operating Expenses | 981.87M | 285.1M | 380.05M | 309.01M | 278.96M | 215.94M |
| OpEx % of Revenue | 43.81% | 10.26% | 10.67% | 6.58% | 5.02% | 25.47% |
| Selling, General & Admin | 275.65M | 95.37M | 189.9M | 131.4M | 106.46M | 92.68M |
| SG&A % of Revenue | 12.3% | 3.43% | 5.33% | 2.8% | 1.91% | 10.93% |
| Research & Development | 706.02M | 189.76M | 193.18M | 178.36M | 172.56M | 123.27M |
| R&D % of Revenue | 31.5% | 6.83% | 5.42% | 3.8% | 3.1% | 14.54% |
| Other Operating Expenses | 200K | -32.48K | -3.03M | -751.49K | -63.56K | 0 |
| Operating Income | -430.48M▲ 0% | -156.91M▲ 63.5% | -236M▼ 50.4% | -129.47M▲ 45.1% | -120.85M▲ 6.7% | -54.69M▲ 54.8% |
| Operating Margin % | -19.21% | -5.65% | -6.63% | -2.75% | -2.17% | -6.45% |
| Operating Income Growth % | - | 63.55% | -50.4% | 45.14% | 6.65% | 54.75% |
| EBITDA | -371.52M | -146.69M | -219.11M | -111.88M | -94.78M | -33.49M |
| EBITDA Margin % | -16.58% | -5.28% | -6.15% | -2.38% | -1.7% | -3.95% |
| EBITDA Growth % | - | 60.52% | -49.37% | 48.94% | 15.28% | 64.66% |
| D&A (Non-Cash Add-back) | 58.96M | 10.22M | 16.89M | 17.58M | 26.07M | 21.19M |
| EBIT | -380.65M | -162.9M | -222.27M | -132.58M | -117.07M | -54.69M |
| Net Interest Income | -30.65M | -117.93M | -30.72M | -48.81M | -111.58M | -20.09M |
| Interest Income | 28.48M | 13.65M | 13.82M | 30.5M | 22.18M | 0 |
| Interest Expense | 59.13M | 131.59M | 44.54M | 79.31M | 133.76M | 0 |
| Other Income/Expense | -9.29M | -26.63M | 7.27M | -14.3M | -14.54M | -13M |
| Pretax Income | -439.78M▲ 0% | -183.54M▲ 58.3% | -228.73M▼ 24.6% | -143.77M▲ 37.1% | -135.39M▲ 5.8% | -67.68M▲ 50.0% |
| Pretax Margin % | -19.62% | -6.6% | -6.42% | -3.06% | -2.43% | -7.98% |
| Income Tax | 228K | 1.08M | 4.21M | -513.92K | 203.01K | 1.2M |
| Effective Tax Rate % | -0.05% | -0.59% | -1.84% | 0.36% | -0.15% | -1.77% |
| Net Income | -439.66M▲ 0% | -184.18M▲ 58.1% | -226.71M▼ 23.1% | -132.68M▲ 41.5% | -127.71M▲ 3.7% | -65.98M▲ 48.3% |
| Net Margin % | -19.62% | -6.63% | -6.36% | -2.82% | -2.3% | -7.78% |
| Net Income Growth % | - | 58.11% | -23.1% | 41.48% | 3.74% | 48.34% |
| Net Income (Continuing) | -440M | -184.62M | -232.94M | -143.26M | -135.6M | -68.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 11.51M | 3.89M | 161.94M | 86.95M | 14.77M | -799.79K |
| EPS (Diluted) | 0.00▲ 0% | 1.97▲ 0% | -8.16▼ 514.2% | -2.79▲ 65.8% | -2.81▼ 0.7% | -0.19▲ 93.2% |
| EPS Growth % | - | - | -514.21% | 65.81% | -0.72% | 93.24% |
| EPS (Basic) | 0.00 | 1.97 | -8.16 | -2.79 | -2.81 | -0.19 |
| Diluted Shares Outstanding | 37.52M | 37.5M | 239.3M | 337.41M | 336.64M | 338.66M |
| Basic Shares Outstanding | 37.52M | 37.5M | 239.3M | 337.41M | 336.64M | 338.66M |
| Dividend Payout Ratio | - | - | - | - | - | - |
ECX Balance Sheet
ECARX Holdings, Inc. (ECX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 2.43B | 385.41M | 3.85B | 3.29B | 2.83B | 483.07M |
| Cash & Short-Term Investments | 729.94M | 137.74M | 860.47M | 699.02M | 454.56M | 118.27M |
| Cash Only | 729.94M | 137.74M | 860.47M | 561.15M | 324.04M | 87.08M |
| Short-Term Investments | 0 | 0 | 0 | 137.88M | 130.53M | 31.19M |
| Accounts Receivable | 993.21M | 160.29M | 1.43B | 1.91B | 1.61B | 206.25M |
| Days Sales Outstanding | 161.76 | 21.05 | 146.81 | 148.59 | 105.78 | 88.81 |
| Inventory | 233.86M | 35.04M | 182.57M | 160.78M | 233.94M | 62.28M |
| Days Inventory Outstanding | 50.52 | 41.55 | 179.03 | 121.39 | 141.44 | 33.12 |
| Other Current Assets | 470.69M | 24.08M | 1.38B | 214.89M | 531.07M | 59.78M |
| Total Non-Current Assets | 150.39M | 236.91M | 877.7M | 978.9M | 939.8M | 179.25M |
| Property, Plant & Equipment | 106.08M | 16.18M | 239.26M | 245.99M | 292.95M | 43.49M |
| Fixed Asset Turnover | 21.13x | 171.72x | 14.89x | 19.11x | 18.98x | 19.49x |
| Goodwill | 0 | 0 | 0 | 0 | 25.73M | 3.7M |
| Intangible Assets | 30.04M | 4.87M | 44.86M | 179.34M | 309.78M | 40.39M |
| Long-Term Investments | 2.65M | 212.43M | 353.86M | 300.99M | 15.84M | 61.48M |
| Other Non-Current Assets | 11.61M | 3.43M | 239.72M | 252.59M | 295.51M | 30.19M |
| Total Assets | 2.58B▲ 0% | 622.32M▼ 75.9% | 4.73B▲ 660.2% | 4.27B▼ 9.8% | 3.77B▼ 11.6% | 662.32M▼ 82.4% |
| Asset Turnover | 0.87x | 4.47x | 0.75x | 1.10x | 1.47x | 1.28x |
| Asset Growth % | - | -75.86% | 660.23% | -9.79% | -11.63% | -82.44% |
| Total Current Liabilities | 3.27B | 474.21M | 3.93B | 4.22B | 5.13B | 822.78M |
| Accounts Payable | 1.34B | 119.47M | 1.86B | 2.1B | 2.27B | 316.52M |
| Days Payables Outstanding | 289.26 | 141.66 | 1.82K | 1.58K | 1.37K | 168.31 |
| Short-Term Debt | 326M | 166.19M | 870M | 1.21B | 1.83B | 349.41M |
| Deferred Revenue (Current) | 0 | 57.42M | 0 | 207.64M | 0 | 0 |
| Other Current Liabilities | 1.44B | 6.32M | 821.7M | 41.92M | 725.11M | 62.98M |
| Current Ratio | 0.74x | 0.81x | 0.98x | 0.78x | 0.55x | 0.59x |
| Quick Ratio | 0.67x | 0.74x | 0.93x | 0.74x | 0.51x | 0.51x |
| Cash Conversion Cycle | -76.97 | -79.07 | -1.49K | -1.31K | -1.13K | -46.38 |
| Total Non-Current Liabilities | 1.14B | 787.92M | 838.05M | 886.62M | 390.8M | 122.87M |
| Long-Term Debt | 775.39M | 0 | 439.87M | 455.7M | 0 | 65.88M |
| Capital Lease Obligations | 0 | 0 | 68.77M | 107.61M | 121.42M | 15.7M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 366.67M | 713.7M | 329.41M | 323.32M | 269.38M | 41.29M |
| Total Liabilities | 4.41B | 1.26B | 4.77B | 5.1B | 5.52B | 945.65M |
| Total Debt | 1.1B | 166.19M | 1.41B | 1.81B | 1.99B | 435.98M |
| Net Debt | 371.45M | 28.45M | 549.27M | 1.25B | 1.67B | 348.91M |
| Debt / Equity | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - |
| Interest Coverage | -6.44x | -1.24x | -4.99x | -1.67x | -0.88x | - |
| Total Equity | -1.83B▲ 0% | -639.81M▲ 65.1% | -34.46M▲ 94.6% | -834.46M▼ 2321.8% | -1.74B▼ 109.1% | -283.32M▲ 83.8% |
| Equity Growth % | - | 65.07% | 94.61% | -2321.81% | -109.1% | 83.76% |
| Book Value per Share | -48.82 | -17.06 | -0.14 | -2.47 | -5.18 | -0.84 |
| Total Shareholders' Equity | -1.84B | -643.7M | -196.4M | -921.41M | -1.76B | -282.52M |
| Common Stock | 7K | 1.1K | 10K | 10K | 11K | 0 |
| Retained Earnings | -2.24B | -644.65M | -5.73B | -6.67B | -7.6B | -1.19B |
| Treasury Stock | 0 | 0 | 0 | 0 | -7.43M | -29.99M |
| Accumulated OCI | 1.5M | 948.84K | -385.89M | -344.73M | -363.5M | -20.19M |
| Minority Interest | 11.51M | 3.89M | 161.94M | 86.95M | 14.77M | -799.79K |
ECX Cash Flow Statement
ECARX Holdings, Inc. (ECX) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 0 | -872.33M | -461.34M | -1.24B | -430.28M | 0 |
| Operating CF Margin % | - | -31.39% | -12.95% | -26.46% | -7.74% | - |
| Operating CF Growth % | - | - | 47.11% | -169.52% | 65.4% | 100% |
| Net Income | -8.93K | -1.19B | -1.56B | -1.02B | -932.32M | -65.98M |
| Depreciation & Amortization | 0 | 65.01M | 74.56M | 124.64M | 150.34M | 0 |
| Stock-Based Compensation | 0 | 179.93M | 725.65M | 174.03M | 127.23M | 13.3M |
| Deferred Taxes | 0 | 145.05M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 99.92M | 693.42M | 88.02M | -172.66M | 52.69M |
| Working Capital Changes | 8.93K | -176.81M | -390.8M | -614.91M | 397.13M | 0 |
| Change in Receivables | 0 | -141.34M | -307.14M | -585.55M | 281.41M | 0 |
| Change in Inventory | 0 | -105.56M | 5.34M | 11.15M | -72.77M | 0 |
| Change in Payables | 0 | -199.44M | 0 | 359.8M | 0 | 0 |
| Cash from Investing | 0 | -1.39B | -313.04M | 592.08M | -59.91M | 0 |
| Capital Expenditures | 0 | -78.86M | -157.29M | -62.19M | -114.65M | 0 |
| CapEx % of Revenue | - | 2.84% | 4.42% | 1.32% | 2.06% | - |
| Acquisitions | 0 | -8.36M | 0 | 792.06M | -56.56M | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 41.5M | -155.75M | 2.16M | 111.3M | 0 |
| Cash from Financing | 0 | 2.19B | 657.77M | 296.83M | 261.64M | 0 |
| Debt Issued (Net) | 0 | -289.31M | 527.28M | 330M | 0 | 0 |
| Equity Issued (Net) | 0 | 3.22B | 0 | 0 | -21.9M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -21.9M | 0 |
| Other Financing | 0 | -740.1M | 130.49M | -33.17M | 283.54M | 0 |
| Net Change in Cash | 0▲ 0% | -102.91M▲ 0% | -87.7M▲ 14.8% | -313.15M▼ 257.1% | -231.43M▲ 26.1% | -52.53M▲ 77.3% |
| Free Cash Flow | 0▲ 0% | -951.19M▲ 0% | -618.62M▲ 35.0% | -1.31B▼ 111.0% | -544.93M▲ 58.3% | 0▲ 100.0% |
| FCF Margin % | - | -34.23% | -17.37% | -27.78% | -9.8% | - |
| FCF Growth % | - | - | 34.96% | -111.05% | 58.26% | 100% |
| FCF per Share | - | -25.37 | -2.59 | -3.87 | -1.62 | - |
| FCF Conversion (FCF/Net Income) | - | 4.74x | 2.03x | 9.37x | 3.37x | - |
| Interest Paid | 0 | 28.98M | 28.91M | 63.86M | 112.13M | 0 |
| Taxes Paid | 0 | 1.97M | 0 | 280.03K | 0 | 0 |
ECX Key Ratios
ECARX Holdings, Inc. (ECX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Invested Capital (ROIC) | - | - | -34.38% | -20.94% | -53.82% | -62.54% |
| Gross Margin | 24.6% | 4.61% | 4.04% | 3.82% | 2.84% | 19.02% |
| Net Margin | -19.62% | -6.63% | -6.36% | -2.82% | -2.3% | -7.78% |
| Interest Coverage | -6.44x | -1.24x | -4.99x | -1.67x | -0.88x | - |
| FCF Conversion | - | 4.74x | 2.03x | 9.37x | 3.37x | - |
| Revenue Growth | - | 24.01% | 28.17% | 31.94% | 18.33% | -84.76% |
ECX Frequently Asked Questions
ECARX Holdings, Inc. (ECX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
ECARX Holdings, Inc. (ECX) reported $4.04B in revenue for fiscal year 2025. This represents a 80% increase from $2.24B in 2020.
ECARX Holdings, Inc. (ECX) saw revenue decline by 84.8% over the past year.
ECARX Holdings, Inc. (ECX) reported a net loss of $225.8M for fiscal year 2025.
Explore More ECX
ECARX Holdings, Inc. (ECX) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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