ECARX Holdings Inc. (ECX)
ECARX Holdings, Inc., established in 2017, specializes in the conceptualization, engineering, and provision of cutting-edge automotive technology solutions. The company's primary offerings encompass a range of advanced products, including integrated infotainment systems, sophisticated digital dashboards, purpose-built vehicle chipsets, and a complete ecosystem of operating system and software layers. Headquartered in Shanghai, China, the firm also maintains an operational presence with an office in Europe.
Sector: Services-Computer Integrated Systems Design
Industry: Auto - Parts
ECARX Holdings, Inc.
NASDAQ:ECXConsumer Cyclical · Auto - Parts
AHAfter hours+2.54%$0.8000
Prev close$0.8014-2.65%Close$0.7802+2.54%Now$0.8000
Close$0.7802-2.65%
Mkt Cap$306.61M
Float142.3M
O/S392.99M
VOL520K sh
$ Vol$415K
RVOL0.60×
Inst Own4.5%
SI4.2%
Dilution
Financials Summary
Revenue$847.86M
Net Income-$66.04M
Total Assets$662.32M
Free Cash Flow-$106.56M
Debt & Equity
Debt 284%
Total Debt$435.98M
Total Equity-$282.52M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ECX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$662.32M
Liabilities$945.65M
Accounts Receivable$206.25M
Accounts Payable$316.52M
Inventory$62.28M
PP&E (Net)$43.49M
Goodwill$3.7M
Intangible Assets$40.39M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | CNY | CNY | CNY | CNY | CNY |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $847.86M | $5.63B | $4.7B | $3.56B | $435.99M | $2.24B |
| YoY Growth | -84.9% | 19.8% | 31.9% | 717.0% | -80.5% | - |
| Cost of Revenue | $686.6M | $4.46B | $3.43B | $2.57B | $307.81M | $1.69B |
| Gross Profit | $161.26M | $1.17B | $1.27B | $993.88M | $128.18M | $551.39M |
| Gross Margin | 19.0% | 20.8% | 26.9% | 27.9% | 29.4% | 24.6% |
| Research and Development | $123.34M | $172.56M | $178.36M | $1.33B | $189.76M | $706.02M |
| Selling, General, and Administrative | $93.84M | $812.85M | $955.05M | $1.34B | $95.37M | $275.65M |
| Other | -$5.94M | $1.08B | $1.05B | -$51.95M | -$32K | $200K |
| Total Operating Expenses | $211.24M | $2.07B | $2.18B | $2.62B | $285.1M | $981.87M |
| Operating Income (EBIT) | -$49.97M | -$895.75M | -$912.71M | -$1.63B | -$156.91M | -$430.48M |
| Operating Margin | -5.9% | -15.9% | -19.4% | -45.7% | -36.0% | -19.2% |
| Interest Expense | $23.77M | $133.76M | $79.31M | $30.72M | $20.64M | $59.13M |
| Interest Income | $3.71M | $22.18M | $30.5M | $0 | $2.14M | $28.48M |
| Other Income (Expense) | -$17.72M | -$108.13M | -$106.29M | $50.14M | -$26.63M | -$9.29M |
| Income Before Tax (EBT) | -$67.69M | -$1B | -$1.02B | -$1.58B | -$183.54M | -$439.78M |
| Income Tax Expense | $1.24M | $1.53M | -$3.64M | $29.07M | $1.08M | $228K |
| Net Income | -$66.04M | -$947.13M | -$940.38M | -$1.56B | -$184.18M | -$439.66M |
| Net Income Margin | -7.8% | -16.8% | -20.0% | -43.9% | -42.2% | -19.6% |
| Supplementary Data | ||||||
| EPS | -0.19 | -2.81 | -2.79 | -8.02 | -0.66 | -2.27 |
| Diluted EPS | -0.19 | -2.81 | -2.79 | -8.02 | -0.66 | -2.27 |
| Weighted Average OS | 338.66M | 336.64M | 337.41M | 195.04M | 337.40M | 37.52M |
| EBITDA | -$19.53M | -$748.14M | -$825.18M | -$1.55B | -$152.67M | -$321.69M |
| EBITDA Margin | -2.3% | -13.3% | -17.6% | -43.6% | -35.0% | -14.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | CNY | CNY | CNY | CNY | CNY |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $87.08M | $324.04M | $561.15M | $860.47M | $137.74M | $729.94M |
| Short-Term Investments | $31.19M | $130.53M | $137.88M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $118.27M | $454.56M | $699.02M | $860.47M | $137.74M | $729.94M |
| Accounts Receivable | $206.25M | $1.61B | $1.91B | $1.43B | $160.29M | $993.21M |
| Inventory | $62.28M | $233.94M | $160.78M | $182.57M | $35.04M | $233.86M |
| Other Current Assets | $59.78M | $531.07M | $214.89M | $1.38B | $24.08M | $470.69M |
| Total Current Assets | $483.07M | $2.83B | $3.29B | $3.85B | $385.41M | $2.43B |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $43.49M | $292.95M | $245.99M | $239.26M | $16.18M | $106.08M |
| Goodwill | $3.7M | $25.73M | $0 | $0 | $0 | $0 |
| Intangible Assets | $40.39M | $309.78M | $179.34M | $44.86M | $4.87M | $30.04M |
| Long-Term Investments | $61.48M | $15.84M | $300.99M | $353.86M | $212.43M | $2.65M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $30.19M | $295.51M | $252.59M | $239.72M | $3.43M | $11.61M |
| Total Long-Term Assets | $179.25M | $939.8M | $978.9M | $877.7M | $236.91M | $150.39M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $662.32M | $3.77B | $4.27B | $4.73B | $622.32M | $2.58B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $316.52M | $2.27B | $2.1B | $1.86B | $119.47M | $1.34B |
| Short-Term Debt | $349.41M | $1.83B | $1.21B | $870M | $166.19M | $326M |
| Current Income Tax Payable | $0 | $0 | $117.28M | $0 | $6.13M | $0 |
| Current Unearned Revenue | $0 | $0 | $207.64M | $0 | $57.42M | $0 |
| Other Current Liabilities | $62.98M | $725.11M | $41.92M | $821.7M | $6.32M | $1.44B |
| Total Current Liabilities | $822.78M | $5.13B | $4.22B | $3.93B | $474.21M | $3.27B |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $65.88M | $0 | $455.7M | $439.87M | $0 | $775.39M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $74.22M | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $41.29M | $269.38M | $323.32M | $329.41M | $713.7M | $366.67M |
| Total Long-Term Liabilities | $122.87M | $390.8M | $886.62M | $838.05M | $787.92M | $1.14B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $945.65M | $5.52B | $5.1B | $4.77B | $1.26B | $4.41B |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $232.47M |
| Common Stock | $0 | $11K | $10K | $10K | $1K | $7K |
| Retained Earnings | -$1.19B | -$7.6B | -$6.67B | -$5.73B | -$644.65M | -$2.24B |
| Comprehensive Income & Other | -$20.19M | -$363.5M | -$344.73M | -$385.89M | $949K | $1.5M |
| Other Stockholders' Equity | $907.66M | $5.84B | $5.75B | $5.53B | $949K | $399.38M |
| Total Equity | -$282.52M | -$1.76B | -$921.41M | -$196.4M | -$643.7M | -$1.84B |
| Minority Interest | -$800K | $14.77M | $86.95M | $161.94M | $3.89M | $11.51M |
| Total Liabilities and Equity | $663.12M | $3.76B | $4.18B | $4.57B | $618.43M | $2.57B |
| Supplementary Data | ||||||
| Total Debt | $435.98M | $1.99B | $1.81B | $1.41B | $166.19M | $1.1B |
| Net Debt | $348.91M | $1.67B | $1.25B | $549.27M | $28.45M | $371.45M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | CNY | CNY | CNY | CNY | CNY |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$68.94M | -$932.32M | -$1.02B | -$1.56B | -$1.19B | -$9K |
| Depreciation & Amortization | $24.39M | $147.61M | $87.53M | $74.56M | $10.22M | $58.96M |
| Deferred Income Tax | -$450K | $0 | $0 | $0 | $145.05M | $0 |
| Stock-Based Compensation | $13.34M | $127.23M | $174.03M | $725.65M | $179.93M | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$21.28M | $281.41M | -$585.55M | -$307.14M | -$141.34M | $0 |
| Inventory | -$31.93M | -$72.77M | $11.15M | $5.34M | -$105.56M | $0 |
| Accounts Payable | $14.35M | $0 | $359.8M | $0 | -$199.44M | $0 |
| Other Working Capital | -$27.5M | $188.49M | -$400.3M | -$89M | $269.52M | $9K |
| Total Working Capital Change | -$66.37M | $397.13M | -$614.91M | -$390.8M | -$176.81M | $9K |
| Other Non-Cash Items | $3.64M | -$169.93M | $125.13M | $693.42M | $154.71M | -$58.96M |
| Net Cash from Operating | -$94.39M | -$430.28M | -$1.24B | -$461.34M | -$872.33M | $0 |
| Investing Activities | ||||||
| Capital Expenditures | -$12.17M | -$114.65M | -$62.19M | -$157.29M | -$78.86M | $0 |
| Acquisitions | $18.28M | -$56.56M | $792.06M | $0 | -$8.36M | $0 |
| Purchases of Investments | -$98.17M | $0 | -$163.94M | $0 | -$1.35B | $0 |
| Sales of Investments | $25.75M | $0 | $24M | $0 | $0 | $0 |
| Other Investing Activities | -$4.18M | $111.3M | $2.16M | -$155.75M | $41.5M | $0 |
| Net Cash from Investing | -$70.48M | -$59.91M | $592.08M | -$313.04M | -$1.39B | $0 |
| Financing Activities | ||||||
| Debt Repaid | -$83.5M | - | - | -$527.28M | $1.15B | - |
| Common Stock Issuance | $43.46M | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$28.98M | -$21.9M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$6.01M | $283.54M | -$33.17M | $130.49M | -$740.1M | $0 |
| Net Cash from Financing | $203.86M | $261.64M | $296.83M | $657.77M | $2.19B | $0 |
| Forex Effect | $4.1M | -$2.89M | $41.34M | $28.91M | -$32.02M | $0 |
| Net Change in Cash | $43.09M | -$231.43M | -$313.15M | -$87.7M | -$102.91M | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | -$94.39M | -$430.28M | -$1.24B | -$461.34M | -$872.33M | $0 |
| Capital Expenditure | -$12.17M | -$114.65M | -$62.19M | -$157.29M | -$78.86M | $0 |
| Free Cash Flow | -$106.56M | -$544.93M | -$1.31B | -$618.62M | -$951.19M | $0 |
| Cash at Beginning | $50.16M | $598.89M | $901.43M | $989.13M | $1B | $0 |
| Cash at End | $93.26M | $367.45M | $588.27M | $901.43M | $900.96M | $0 |