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ECXWW

ECARX Holdings Inc.

ECXWW

ECARX Holdings Inc. • NASDAQ
$0.06 ▼ -14.16% (-0.01)
Market Cap $20.25 M
52w High $0.08
52w Low $0.06
Dividend Yield 0%
P/E 0
Volume 19.28K
Outstanding Shares 337.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.566B ▲ $44.3M ▼ $400K ▲ 0.026% ▲ $0.009 ▲ $8.4M ▲
Q2-2025 $951.982M ▼ $57.139M ▼ $-43.16M ▲ -4.534% ▲ $-0.901 ▼ $-38.211M ▲
Q1-2025 $1.222B ▼ $421.4M ▲ $-188.1M ▼ -15.388% ▼ $-0.564 ▼ $-123.736M ▼
Q4-2024 $1.941B ▲ $59.73M ▼ $62.846K ▲ 0.003% ▲ $-0.11 ▲ $7.867M ▲
Q3-2024 $1.425B $79.261M $-46.404M -3.256% $-0.948 $-44.351M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $497.639M ▲ $3.612B ▲ $5.7B ▲ $-2.08B ▼
Q2-2025 $119.6M ▼ $495.2M ▼ $790.4M ▼ $-296.3M ▲
Q1-2025 $971.1M ▲ $4.241B ▲ $5.907B ▲ $-1.672B ▲
Q4-2024 $454.561M ▼ $3.771B ▼ $5.516B ▲ $-1.76B ▼
Q3-2024 $769.2M $3.805B $5.505B $-1.718B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.848M ▲ $0 $0 $0 $0 $0
Q2-2025 $-308.048M ▼ $0 $0 $0 $0 $0
Q1-2025 $-188.1M ▼ $0 $0 $0 $0 $0
Q4-2024 $-36.3M ▲ $0 $0 $0 $0 $0
Q3-2024 $-325.4M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily each year, which tells you the company is finding more customers and getting more traction with automakers. However, it is still losing money at the operating and net income levels, and those losses remain meaningful. The good news is that the size of the losses is gradually shrinking, showing better cost control and scale benefits. Profitability is not yet in place on a full‑year basis, but the trend is moving in the right direction from heavier losses a few years ago toward a more balanced picture today.

Balance Sheet

Balance Sheet The company has a solid base of total assets but relatively limited cash compared to its overall size, and it relies notably on debt financing. Shareholder equity is negative, which means liabilities exceed assets on paper and signals a history of accumulated losses and financing through borrowings or other obligations. That structure can work if growth and margins continue to improve, but it leaves less room for error and makes the business more sensitive to funding conditions and execution risk.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has been consistently negative, reflecting the investment phase the company is still in. Free cash flow is also negative, though it has improved from the worst point, helped by some moderation in spending and stronger revenue. Capital spending itself is not extremely heavy, but the business still consumes cash overall, so it likely depends on external funding or prior capital raises to support growth until operating cash flow turns positive in a sustained way.

Competitive Edge

Competitive Edge ECARX operates in a fast‑growing niche: the brains and software for intelligent, software‑defined vehicles. Its main strengths are deep integration with a major automotive group (Geely and its brands such as Volvo and others), and a full‑stack offering that combines both hardware and software so automakers can work with a single supplier. Partnerships with large tech and auto players, and experience deploying solutions globally, strengthen its standing. At the same time, the company faces intense competition from global chipmakers, software vendors, and in‑house automaker teams, so maintaining this edge will depend on execution speed, reliability, and continued partner support.

Innovation and R&D

Innovation and R&D The company is strongly innovation‑driven. It has developed full in‑car computing platforms, central “super brain” controllers, advanced cockpit software, and its own AI‑driven user interface concepts. It is also working on intelligent driving solutions and experimenting with applying its sensing and computing know‑how to areas like robotics. This breadth of technology creates multiple potential growth paths and can deepen relationships with automakers, but it also requires sustained investment and careful prioritization so that research efforts translate into profitable, scalable products rather than just promising prototypes.

Summary

Overall, ECARX is a growth‑stage automotive technology company with rising revenue, improving (but still negative) profitability, and a balance sheet that leans on debt and carries negative equity. Its competitive strengths come from integrated hardware‑software platforms, deep ties to a major auto group, and a clear focus on the software‑defined, AI‑enhanced vehicle. The main opportunities lie in scaling these platforms across more models, brands, and even non‑automotive uses, while the main risks are continued cash burn, balance‑sheet pressure, and strong competition in auto tech. Future performance will hinge on whether the company can convert its rich innovation pipeline and partnerships into durable, cash‑generating growth over the next few years.