ECARX Holdings Inc. financials
Source: EDGAR filings · Built 2026-06-19T02:17:35Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -106.56M | -544.93M | -1.30B | -1.01B | -618.62M | -993.02M |
| EBITDA | -34.90M | -733.98M | -831.94M | -337.41M | -1.55B | -935.02M |
| Working Capital | -339.83M | -2.29B | -923.91M | — | -74.11M | -566.02M |
| Net Debt | 343.32M | 1.67B | 1.24B | — | 701.49M | 54.04M |
| Gross Margin | 19.02% | 20.75% | 27.08% | 29.57% | 27.90% | 29.40% |
| Operating Margin | -6.46% | -15.86% | -19.53% | -21.68% | -45.71% | -35.99% |
| Net Margin | -7.79% | -16.76% | -20.01% | -21.60% | -43.91% | -42.24% |
| Return on Equity (ROE) | 23.36% | 52.98% | 102.39% | 111.60% | 796.43% | 28.61% |
| Return on Assets (ROA) | -9.97% | -24.72% | -21.84% | — | -33.06% | -29.60% |
| Current Ratio | 0.59× | 0.55× | 0.78× | — | 0.98× | 0.81× |
| Debt-to-Equity | -1.52× | -1.13× | -1.97× | — | -7.95× | -0.23× |
| Effective Tax Rate | -1.84% | -0.15% | 0.36% | -0.08% | -1.84% | -0.59% |
| Cash Conversion Ratio | 1.43× | 0.46× | 1.31× | 2.56× | 0.29× | 0.77× |
| Accruals Ratio | 0.04× | -0.13× | 0.07× | — | -0.23× | -0.07× |
| SBC % of Revenue | 1.57% | 2.46% | 3.70% | — | 20.37% | 6.47% |
| CapEx Coverage | -7.76× | -3.75× | -19.82× | -20.01× | -2.93× | -10.58× |
| Free Cash Flow Per Share | ¥-0.31 | ¥-1.62 | ¥-3.84 | ¥-2.99 | ¥-2.59 | ¥-4.20 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 847.86M | 771.53M | 662.23M | 1.74B | 515.74M | 2.78B |
| Cost of Goods and Services Sold | 686.60M | 611.43M | 483.61M | 1.22B | 2.57B | 1.96B |
| Cost of Revenue | — | — | — | — | 372.13M | 1.96B |
| Gross Profit | 161.26M | 160.10M | 178.62M | 513.50M | 143.61M | 817.06M |
| Research and Development Expense | 123.34M | 174.86M | 177.68M | 481.60M | 175.56M | 1.21B |
| Selling, General and Administrative Expense | 93.84M | 108.19M | 131.72M | 414.77M | 1.31B | 607.87M |
| Operating Expenses | 216.03M | 283.00M | 308.63M | 890.00M | 356.20M | 1.82B |
| Operating Income (Loss) | -54.77M | -122.90M | -130.02M | -376.50M | -212.59M | -1.00B |
| Income Tax Expense (Benefit) | 1.24M | 210.00K | -525.00K | 326.00K | 3.13M | 6.86M |
| Net Income (Loss) Attributable to Parent | -66.04M | -129.76M | -133.31M | -375.13M | -223.18M | -1.17B |
| Earnings Per Share, Basic | $-0.20 | $-0.39 | $-0.40 | ¥-1.11 | $-1.15 | ¥-5.99 |
| Weighted Average Number of Shares Outstanding, Basic | 338.66M | 336.64M | 337.41M | 337.40M | 239.30M | 236.69M |
| Earnings Per Share, Diluted | $-0.20 | $-0.39 | $-0.40 | ¥-1.11 | $-1.15 | ¥-5.99 |
| Weighted Average Number of Shares Outstanding, Diluted | 338.66M | 336.64M | 337.41M | 337.40M | 239.30M | 236.69M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 87.12M | 44.25M | 80.28M | — | 106.91M | 877.96M |
| Assets, Current | 483.18M | 386.13M | 463.21M | — | 475.71M | 2.46B |
| Assets | 662.41M | 514.34M | 601.09M | — | 616.34M | 3.97B |
| Liabilities, Current | 823.00M | 698.65M | 593.74M | — | 521.86M | 3.02B |
| Liabilities | 945.88M | 752.05M | 718.62M | — | 642.03M | 3.51B |
| Stockholders' Equity Attributable to Parent | -282.66M | -239.67M | -129.78M | — | -25.69M | -4.10B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -94.39M | -59.98M | -172.44M | -960.44M | -58.83M | -907.28M |
| Payments to Acquire Property, Plant, and Equipment | 12.17M | 15.91M | 8.88M | 48.00M | 18.53M | 85.74M |
| Net Cash Provided by (Used in) Investing Activities | -70.48M | -8.12M | 87.27M | 740.56M | -41.11M | -1.20B |
| Net Cash Provided by (Used in) Financing Activities | 203.86M | 36.35M | 40.62M | 231.97M | 77.97M | 2.12B |
Derived Metrics
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q4 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -86.47M | — | -473.05M | — | — |
| EBITDA | — | -54.01M | — | -413.63M | — | — |
| Working Capital | -339.83M | -347.23M | -2.29B | -1.60B | -923.91M | -74.11M |
| Net Debt | 343.32M | 279.70M | 1.67B | 1.43B | 1.24B | 701.49M |
| Gross Margin | — | 15.47% | — | 22.58% | — | — |
| Operating Margin | — | -20.15% | — | -22.12% | — | — |
| Net Margin | — | -21.36% | — | -25.99% | — | — |
| Return on Equity (ROE) | — | 23.51% | — | 39.55% | — | — |
| Return on Assets (ROA) | — | -13.95% | — | -14.14% | — | — |
| Current Ratio | 0.59× | 0.53× | 0.55× | 0.65× | 0.78× | 0.98× |
| Debt-to-Equity | -1.52× | -1.25× | -1.13× | -1.54× | -1.97× | -7.95× |
| Effective Tax Rate | — | -2.91% | — | 0.03% | — | — |
| Cash Conversion Ratio | — | 1.19× | — | 0.73× | — | — |
| Accruals Ratio | — | 0.03× | — | -0.04× | — | — |
| CapEx Coverage | — | -18.37× | — | -7.41× | — | — |
| Free Cash Flow Per Share | — | ¥-0.26 | — | ¥-1.40 | — | — |
Income Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q4 2022 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | 323.28M | — | 303.52M | — | — |
| Cost of Goods and Services Sold | — | 273.28M | — | 235.03M | — | — |
| Gross Profit | — | 50.00M | — | 68.50M | — | — |
| Research and Development Expense | — | 68.33M | — | 79.29M | — | — |
| Selling, General and Administrative Expense | — | 47.62M | — | 56.59M | — | — |
| Operating Expenses | — | 115.15M | — | 135.85M | — | — |
| Operating Income (Loss) | — | -65.15M | — | -67.35M | — | — |
| Income Tax Expense (Benefit) | — | 2.05M | — | -28.00K | — | — |
| Net Income (Loss) Attributable to Parent | — | -69.06M | — | -79.16M | — | — |
| Earnings Per Share, Basic | — | $-0.20 | — | $-0.23 | — | — |
| Weighted Average Number of Shares Outstanding, Basic | 338.66M | 337.21M | 336.64M | 337.94M | 337.41M | 239.30M |
| Earnings Per Share, Diluted | — | $-0.20 | — | $-0.23 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 338.66M | 337.21M | 336.64M | 337.94M | 337.41M | 239.30M |
Balance Sheet
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q4 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 87.12M | 86.22M | 44.25M | 108.38M | 80.28M | 106.91M |
| Assets, Current | 483.18M | 385.79M | 386.13M | 405.51M | 463.21M | 475.71M |
| Assets | 662.41M | 494.94M | 514.34M | 555.04M | 601.09M | 616.34M |
| Liabilities, Current | 823.00M | 733.02M | 698.65M | 626.36M | 593.74M | 521.86M |
| Liabilities | 945.88M | 790.22M | 752.05M | 749.03M | 718.62M | 642.03M |
| Stockholders' Equity Attributable to Parent | -282.66M | -293.71M | -239.67M | -198.50M | -129.78M | -25.69M |
Cash Flow Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q4 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | — | -82.01M | — | -57.09M | — | — |
| Payments to Acquire Property, Plant, and Equipment | — | 4.46M | — | 7.78M | — | — |
| Net Cash Provided by (Used in) Investing Activities | — | -185.00K | — | -19.91M | — | — |
| Net Cash Provided by (Used in) Financing Activities | — | 130.37M | — | 103.69M | — | — |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ECX CIK 0001861974),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.