ECARX Holdings Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total revenue	0.85	5.63	4.70	3.56	2.78	2.24
Cost of revenue	0.70	4.41	3.43	0.37	0.31	1.69
Gross profit	0.15	1.15	1.27	0.94	0.82	0.55
Total operating expenses +	0.20	0.28	0.31	0.38	0.29	0.98
Selling, general and administrative	0.09	0.11	0.15	0.17	0.08	0.22
Research and development	0.11	0.17	0.18	0.19	0.19	0.71
Other operating expenses	0.00	0.00	-0.02	0.02	0.02	0.06
Operating income	-0.05	-0.12	-0.13	-0.24	-0.16	-0.43
Non-operating income (net)	-0.02	-0.01	-0.01	-1.34	-0.03	-0.01
Income before tax	-0.07	-0.14	-0.14	-1.58	-0.18	-0.44
Income tax expense	0.00	0.00	0.00	0.00	0.00	0.00
Net income	-0.07	-0.13	-0.13	-0.23	-0.18	-0.44

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21
Total revenue	0.13	0.30	0.03	0.02	0.17	1.97	1.39	1.26	0.93	1.87	1.09	0.95	0.77	1.53	0.72	0.66	0.66	0.85	0.85	0.54	0.54
Cost of revenue	0.10	0.24	0.02	0.02	0.13	1.55	1.15	0.97	0.72	1.44	0.76	0.65	0.56	1.10	0.58	0.37	0.52	0.59	0.59	0.39	0.39
Gross profit	0.03	0.06	0.01	0.00	0.03	0.42	0.24	0.29	0.21	0.43	0.33	0.30	0.21	0.43	0.14	0.29	0.14	0.26	0.26	0.15	0.15
Total operating expenses +	0.04	0.06	0.01	0.01	0.06	0.06	0.08	0.07	0.46	2.17	0.57	0.47	0.42	1.11	0.36	0.63	0.45	0.56	0.56	0.35	0.35
Selling, general and administrative	0.02	0.03	0.02	0.02	0.17	0.11	0.21	0.22	0.15	0.26	0.26	0.22	0.17	0.61	0.18	0.32	0.14	0.28	0.17	0.09	0.09
Research and development	0.02	0.03	0.00	0.00	0.03	0.04	0.05	0.04	0.27	0.47	0.31	0.24	0.24	0.46	0.18	0.31	0.31	0.36	0.36	0.24	0.24
Other operating expenses	0.00	0.00	-0.02	-0.02	-0.15	-0.09	-0.18	-0.19	0.04	1.44	0.00	0.00	0.01	0.03	0.00	0.00	0.00	-0.08	0.03	0.02	0.02
Operating income	-0.01	0.01	0.00	-0.01	-0.02	-0.01	-0.04	-0.03	-0.25	-0.30	-0.24	-0.17	-0.21	-0.66	-0.23	-0.34	-0.31	-0.30	-0.30	-0.20	-0.20
Non-operating income (net)	0.00	-0.01	0.00	0.00	0.00	0.01	0.00	-0.01	-0.05	-0.02	-0.04	-0.02	-0.01	-0.06	-0.03	0.06	0.02	0.01	0.01	-0.10	-0.10
Income before tax	-0.01	0.00	0.00	-0.01	-0.03	0.00	-0.05	-0.04	-0.30	-0.33	-0.28	-0.19	-0.22	-0.72	-0.26	-0.27	-0.29	-0.28	-0.28	-0.30	-0.30
Income tax expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.02	0.00	0.01	0.00	0.00	0.00	0.00	0.00
Net income	-0.01	0.00	0.00	-0.01	-0.03	0.00	-0.05	-0.04	-0.28	-0.29	-0.27	-0.17	-0.20	-0.74	-0.25	-0.28	-0.29	-0.28	-0.28	-0.30	-0.30

5 days ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total cash and short-term investments +	0.12	0.45	0.70	0.86	0.14	0.73
Cash and cash equivalents	0.09	0.32	0.56	0.86	0.14	0.73
Short-term investments	0.03	0.13	0.14	0.00
Accounts receivable, net	0.21	1.61	1.91	1.43	0.16	0.99
Inventories	0.06	0.23	0.16	0.18	0.04	0.23
Other current assets	0.10	0.53	0.52	1.38	0.05	0.47
Total current assets	0.48	2.83	3.29	3.85	0.39	2.43
Total non-current assets +	0.18	0.94	0.98	0.88	0.24	0.15
Property, plant and equipment, net				0.24	0.11	0.11
Goodwill	0.00	0.03	0.00	0.00
Intangible assets	0.04	0.31	0.18	0.04	0.00	0.03
Long-term investments	0.06	0.02	0.30	0.49	1.35
Other non-current assets
Total assets	0.66	3.77	4.27	4.73	0.62	2.58

Total current liabilities +	0.82	5.13	4.22	3.93	0.47	3.27
Accounts payable	0.32	2.27	2.10	1.86	0.12	1.34
Short-term debt	0.35	1.87	1.25	0.90	0.17	0.33
Current portion of long-term debt	0.37	1.97	1.21	1.04	1.06
Deferred revenue
Other current liabilities	0.15	0.98	0.55	1.17	0.13	1.60
Total non-current liabilities +	0.12	0.39	0.89	0.84	0.79	1.14
Long-term debt	0.07		0.46	0.44
Capital lease obligations	0.02	0.16	0.14	0.08	0.00
Other non-current liabilities	0.02	0.10	0.09	0.03	0.02
Total liabilities	0.95	5.52	5.10	4.77	1.26	4.41

Total stockholders' equity +	-0.28	-1.76	-0.92	-0.20	-0.64	-1.84
Common stock and paid-in capital	0.91	5.84	5.75	5.53	0.00	0.40
Retained earnings	-1.19	-7.60	-6.67	-5.73	-0.64	-2.24
Common shares outstanding	339	337	337	239	38	38

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21
Total cash and short-term investments +	0.12	0.12	0.07	0.12	0.97	0.45	0.77	0.13	0.53	0.71	0.71	0.85	0.95	0.74	0.00	0.58	1.76	0.00	0.97	0.00	1.46
Cash and cash equivalents	0.07	0.09	0.04	0.09	0.84	0.32	0.65	0.11	0.36	0.57	0.64	0.85	0.95	0.74	0.00	0.58	0.00	0.00	0.97	0.00	0.00
Short-term investments	0.05	0.03	0.03	0.03	0.13	0.13	0.12	0.02	0.17	0.14	0.07			0.00		0.00	1.76				1.46
Accounts receivable, net	0.24	0.21	0.20	0.19	1.42	1.61	1.42	0.20	1.60	1.86	1.49	1.31	1.06	1.96	0.73	0.56		1.09	1.09
Inventories	0.10	0.06	0.07	0.04	0.28	0.23	0.24	0.02	0.19	0.16	0.23	0.19	0.12	0.13	0.20	0.18		0.22	0.22
Other current assets	0.07	0.10	0.06	0.04	0.60	0.53	0.41	0.06	0.41	0.04	0.91	0.75	0.62	0.41	0.00	0.31	0.00	0.00	0.31	0.00	0.00
Total current assets	0.53	0.48	0.40	0.39	3.27	2.83	2.84	0.41	2.73	3.33	3.34	3.10	2.75	3.28	0.00	1.64	0.00	0.00	2.59	0.00	0.00
Total non-current assets +	0.19	0.18	0.11	0.11	0.97	0.94	0.96	0.15	1.12	0.98	0.84	0.90	0.94	0.97	0.30	1.69	0.30	0.30	1.32	0.30	0.30
Property, plant and equipment, net												0.25		0.24	0.20
Goodwill	0.00	0.00	0.00	0.00	0.03	0.03	0.03			0.00		0.00	0.00
Intangible assets	0.04	0.04	0.04	0.04	0.31	0.31	0.29	0.04	0.30	0.18	0.04	0.04	0.03	0.04	0.03	0.03		0.03	0.03
Long-term investments	0.06	0.06	0.00	0.00	0.02	0.02	0.04	0.22	0.27	0.30	0.32	0.36	0.47	0.49
Other non-current assets
Total assets	0.72	0.66	0.51	0.50	4.24	3.77	3.80	0.56	3.85	4.31	4.18	4.00	3.69	4.25	0.30	3.32	0.30	0.30	3.91	0.30	0.30

Total current liabilities +	0.82	0.82	0.74	0.73	5.48	5.13	4.59	0.63	4.09	4.25	3.93	3.52	3.22	3.60	0.00	2.68	0.00	0.00	2.75	0.00	0.00
Accounts payable	0.25	0.32	0.27	0.22	1.72	2.27	1.75	0.26	1.75	2.13	1.45	1.24	0.94	1.26	0.92	0.79		0.89	0.89
Short-term debt	0.40	0.35	0.35	0.38	2.66	1.87	1.79	0.23	1.24		1.22	1.02	1.08	1.06	0.00	0.58	0.00	0.00	0.93
Current portion of long-term debt	0.40	0.37	0.37	0.37	2.62	1.97	1.75	1.60	1.20	1.21	1.29	0.99	1.05	1.04
Deferred revenue
Other current liabilities	0.16	0.15	0.11	0.12	0.90	0.98	0.88	0.11	0.87	0.04	1.25	0.85	0.83	1.90	0.00	1.31	0.00	0.00	0.93	0.00	0.00
Total non-current liabilities +	0.16	0.12	0.06	0.06	0.42	0.39	0.92	0.12	0.90	0.89	0.83	0.82	0.80	0.83	0.01	0.46	0.01	0.02	0.49	0.03	0.04
Long-term debt	0.11	0.07	0.01				0.45	0.47	0.46	0.46	0.47	0.46	0.44	0.44
Capital lease obligations	0.02	0.02	0.02	0.02	0.16	0.16	0.17	0.15	0.14	0.14	0.13	0.14	0.08	0.08
Other non-current liabilities	0.02	0.02	0.02	0.02	0.15	0.10	0.15	0.10	0.09	0.09	0.09	0.04	0.03	0.03
Total liabilities	0.98	0.95	0.80	0.79	5.91	5.52	5.50	0.75	4.99	5.14	4.76	4.35	4.02	4.43	0.02	3.14	0.02	0.02	3.24	0.03	0.04

Total stockholders' equity +	-0.26	-0.28	-0.29	-0.30	-1.67	-1.76	-1.72	-0.20	-1.20	-0.92	-0.69	-0.48	-0.33	-0.18	0.29	0.18	0.29	0.28	0.44	0.27	0.26
Common stock and paid-in capital	0.94	0.91	0.90	0.90	6.12	5.84	5.85	0.80	5.76	5.75	5.68	5.64	5.58	5.53	0.30	4.92	0.30	0.30	4.54	0.27	0.27
Retained earnings	-1.20	-1.19	-1.19	-1.19	-7.79	-7.60	-7.57	-1.00	-6.96	-6.67	-6.38	-6.11	-5.91	-5.71	-0.02	-4.74	-0.01	-0.02	-4.10	0.00	0.00
Common shares outstanding	364	347	341	342	333	334	334	338	338	338	337	337	337	248	38	38	38	38	38	38	38

5 days ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Operating cash flow +	-0.09	-0.43	-1.24	-0.46	-0.87	-0.37
Net income
Depreciation, depletion and amortization	0.02	0.15	0.12	0.07	0.07	0.06
Stock-based compensation	0.01	0.13	0.17	0.73	0.18	0.01
Change in inventory	-0.03	-0.07	0.01	0.01	-0.11	-0.01
Other working capital changes	-0.10	-0.64	-1.55	-1.27	-1.01	-0.43
Cash flow from investing +		-0.06	0.59	-0.31	-1.39	-0.09
Capital expenditures	-0.01	-0.11	-0.06	-0.16	-0.08	-0.07
Others incl. marketable securities changes	0.01	0.05	0.65	-0.16	-1.31	-0.02
Cash flow from financing +	0.20	0.26	0.30	0.66	2.19	1.14
Dividend payout
Common stock repurchases	-0.03	-0.02	0.00	0.00	0.00	-0.01
Net Debt Issuance	0.23	0.28	0.30	0.66	2.19	1.15

Change in cash	0.11	-0.23	-0.35	-0.12	-0.07	0.68

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21
Operating cash flow +											0.04	0.04	-0.07	0.17	0.00	0.00	0.00	0.00	0.00	-0.02	0.00
Net income
Depreciation, depletion and amortization									0.00		0.00	0.00	0.00	0.05	-0.02					0.00
Stock-based compensation		0.01		0.00	0.02	0.02	0.05		0.03		0.07	0.01	0.48		0.05					0.00
Change in inventory													0.01	0.01	0.01
Other working capital changes	0.00	-0.01	0.00	0.00	-0.02	-0.02	-0.05	0.00	-0.03	0.00	-0.04	0.02	-0.56	0.11	-0.04	0.00	0.00	0.00	0.00	-0.03	0.00
Cash flow from investing +													-0.05	-0.08	-0.06					-0.02	-0.30
Capital expenditures	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.03	-0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others incl. marketable securities changes	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.02	-0.02	-0.06	0.00	0.00	0.00	0.00	-0.01	-0.30
Cash flow from financing +													0.10	0.42	0.00	0.00	0.00			0.11	0.30
Dividend payout
Common stock repurchases
Net Debt Issuance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10	0.42	0.00	0.00	0.00	0.00	0.00	0.11	0.30

Change in cash	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.04	-0.02	0.51	-0.06	0.00	0.00	0.00	0.00	0.07	0.00