ECARX Holdings Inc. (ECX) Form 6-K — Nov 4, 2026
ECARX reported Q3 2026 revenue of $240.8M, up 10% YoY, but gross margin collapsed from 21.9% to 7.0% as surging memory costs outpaced pricing adjustments. Net loss widened to $48.6M from $8.4M a year ago, and adjusted EBITDA swung to a $37.7M loss. Cash fell to $53.7M from $165.5M at June 30, primarily due to the $191.5M payment for the Flyme software business acquisition, funded partly with $67.8M of new bank borrowing. Short-term borrowings and total liabilities rose sharply, with a shareholders' deficit of $566.9M at quarter-end.
Key figures
- Revenue
- 240800000
- Guidance
- Reiterated full-year 2026 revenue guidance of US$1.0-US$1.1 billion
- Revenue Yoy
- 10%
- Total Assets
- 947500000
- Cash Position
- 53700000
- Shares Outstanding
- 388,748,348 weighted average basic shares in Q3 2026
- Shipments
- approximately 721,000 units
- Design wins
- 23
- Gross margin
- 7.0% vs 21.9% YoY
- Gross profit
- 16900000
- Vehicles with ecarx tech
- more than 12 million
- Antora share of shipments
- 30% vs 25% YoY
- Flyme acquisition payment
- $191.5M
- Impairment convertible bonds
- $6.7M against DreamSmart convertible bonds
AI analysis
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