ECARX Holdings Inc.
ECX- Exchange
- Nasdaq
- Industry
- Services-Computer Integrated Systems Design
- SEC CIK
- 0001861974
In the last 90 days, ECARX Holdings Inc. insiders filed 1 open-market purchase and 0 sales; 39 institutions reported holding it in 13F filings for Q2 2026, worth $21.9M in total; no superinvestor holds it.
Other share classesECXWW
- Currency
- CNY
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:50 PM ET
Amounts are in CNY, the currency ECARX Holdings Inc. reports in. Lines marked ≈ US$ convert key figures to US dollars.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – |
| Revenue | – | CNY 5.56B≈ US$772.9M | CNY 4.67B≈ US$659.4M | CNY 3.56B≈ US$529.7M |
| Cost of revenue | – | CNY 4.41B | CNY 3.40B | CNY 2.57B |
| Gross profit | – | CNY 1.15B | CNY 1.27B | CNY 990.5M |
| Operating expenses | – | CNY 2.04B | CNY 2.19B | CNY 2.46B |
| Research and development | – | CNY 1.26B | CNY 1.26B | CNY 1.21B |
| Selling, general and administrative | – | CNY 777.2M | CNY 928.8M | CNY 1.18B |
| Operating income | – | CNY -882.2M | CNY -917.7M | CNY -1.47B |
| Interest expense | – | CNY 133.8M | CNY 79.3M | CNY 51.1M |
| Income tax | – | CNY 1.48M | CNY -3.64M | CNY 21.6M |
| Net income | – | CNY -932.3M≈ US-$129.6M | CNY -940.2M≈ US-$132.9M | CNY -1.54B≈ US-$229.2M |
| EPS, basic | – | CNY -2.77 | CNY -2.79 | CNY -7.92 |
| EPS, diluted | – | CNY -2.77 | CNY -2.79 | CNY -7.92 |
| Weighted shares, basic | 338.7M | 336.6M | 337.4M | 239.3M |
| Weighted shares, diluted | 338.7M | 336.6M | 337.4M | 239.3M |
| Margins and growth | ||||
| Gross margin | – | 20.8% | 27.2% | 27.8% |
| Operating margin | – | -15.9% | -19.7% | -41.2% |
| Net margin | – | -16.8% | -20.1% | -43.3% |
| Revenue growth, year over year | – | +19.2% | +31.2% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – |
| Cash and equivalents | – | CNY 324.0M | CNY 561.1M | CNY 737.4M |
| Accounts receivable | – | – | – | CNY 418.2M |
| Inventory | – | CNY 233.9M | CNY 160.8M | CNY 131.6M |
| Total current assets | – | CNY 2.83B | CNY 3.29B | CNY 3.28B |
| Property, plant and equipment | – | CNY 160.3M | CNY 120.8M | CNY 118.4M |
| Goodwill | – | CNY 25.7M | – | – |
| Intangible assets | – | CNY 309.8M | CNY 179.3M | CNY 36.7M |
| Total assets | – | CNY 3.77B≈ US$516.6M | CNY 4.27B≈ US$601.1M | CNY 4.25B≈ US$616.3M |
| Accounts payable | – | – | – | CNY 1.02B |
| Short-term debt | – | CNY 1.36B | CNY 1.20B | CNY 870.0M |
| Total current liabilities | – | CNY 5.13B | CNY 4.22B | CNY 3.60B |
| Total liabilities | – | CNY 5.52B | CNY 5.10B | CNY 4.43B |
| Shareholders' equity | – | CNY -1.74B | CNY -834.5M | CNY -177.2M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – |
| Operating cash flow | – | CNY -430.3M≈ US-$59.8M | CNY -1.24B≈ US-$175.7M | CNY -405.8M≈ US-$60.4M |
| Capital expenditures | – | CNY 114.6M | CNY 62.2M | CNY 127.8M |
| Free cash flow | – | CNY -544.9M≈ US-$75.7M | CNY -1.31B≈ US-$184.5M | CNY -533.5M≈ US-$79.5M |
| Depreciation and amortization | – | CNY 148.3M | CNY 85.8M | CNY 67.7M |
| Stock-based compensation | – | CNY 136.9M | CNY 174.0M | CNY 725.7M |
| Investing cash flow | – | CNY -59.9M | CNY 592.1M | CNY -283.5M |
| Financing cash flow | – | CNY 261.6M | CNY 296.8M | CNY 537.8M |
| Net change in cash | – | CNY -231.4M | CNY -313.2M | CNY -122.6M |
| Ratio | ||||
| Stock-based compensation, % of revenue | – | 2.5% | 3.7% | 20.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
ECARX Holdings Inc. reports no single share count on its 10-K and 10-Q covers. Companies with several share classes report one count per class, which this data doesn't include.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- ≈ US$ figures convert CNY at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.