ECARX Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	822.66	761.91	662.78	516.44	437.47	343.27
Revenue Growth (YoY)	4.82%	14.96%	28.34%	18.05%	27.44%	-
Cost of Revenue	665.64	603.78	483.29	372.34	308.85	258.81
Gross Profit	157.02	158.13	179.48	144.1	128.62	84.46
Selling, General & Admin	91.98	109.61	134.2	194.46	95.69	42.22
Research & Development	140.6	169.22	174.02	188.74	190.41	108.14
Other Operating Expenses	-0.07	-0.06	-0.75	-3.03	-0.03	0.03
Operating Expenses	232.51	278.77	307.47	380.17	286.06	150.4
Operating Income	-75.49	-120.64	-127.98	-236.07	-157.44	-65.94
Interest Expense	-22.49	-18.33	-11.18	-6.46	-20.71	-9.06
Interest & Investment Income	3.92	3.04	4.3	2	2.15	4.36
Earnings From Equity Investments	16.66	5.53	-6.07	-10.43	-0.61	0.02
Currency Exchange Gain (Loss)	-1.87	-1.04	-1.5	-2.64	2.88	8.4
Other Non Operating Income (Expenses)	8.85	2.29	3.32	8.14	-12.09	-5.15
EBT Excluding Unusual Items	-70.41	-129.15	-139.11	-245.45	-185.83	-67.36
Gain (Loss) on Sale of Investments	-6.18	-6.03	-3.17	6.22	-	-
Gain (Loss) on Sale of Assets	-	-	-	10.44	1.67	-
Asset Writedown	-0.24	-0.23	-1.44	-	-	-
Pretax Income	-76.83	-135.41	-143.72	-228.8	-184.16	-67.36
Income Tax Expense	2.11	0.2	-0.51	4.21	1.08	0.03
Earnings From Continuing Operations	-78.94	-135.62	-143.21	-233.01	-185.24	-67.4
Minority Interest in Earnings	3.68	7.89	10.58	6.23	0.44	0.05
Net Income	-75.26	-127.73	-132.64	-226.78	-184.8	-67.34
Preferred Dividends & Other Adjustments	-	-	-	51.45	38.55	15.51
Net Income to Common	-75.26	-127.73	-132.64	-278.23	-223.35	-82.86
Shares Outstanding (Basic)	338	337	337	239	237	239
Shares Outstanding (Diluted)	338	337	337	239	237	239
Shares Change (YoY)	0.59%	-0.23%	41.00%	1.10%	-0.80%	-
EPS (Basic)	-0.22	-0.38	-0.39	-1.16	-0.94	-0.35
EPS (Diluted)	-0.22	-0.38	-0.39	-1.16	-0.94	-0.35
Free Cash Flow	-	-74.66	-182.65	-89.69	-156.32	-66.96
Free Cash Flow Per Share	-	-0.22	-0.54	-0.38	-0.66	-0.28
Gross Margin	19.09%	20.75%	27.08%	27.90%	29.40%	24.60%
Operating Margin	-9.18%	-15.83%	-19.31%	-45.71%	-35.99%	-19.21%
Profit Margin	-9.15%	-16.76%	-20.01%	-53.87%	-51.05%	-24.14%
Free Cash Flow Margin	-	-9.80%	-27.56%	-17.37%	-35.73%	-19.51%
EBITDA	-48.22	-100.33	-115.88	-225.26	-150.63	-60.04
EBITDA Margin	-5.86%	-13.17%	-17.48%	-43.62%	-34.43%	-17.49%
D&A For EBITDA	27.27	20.31	12.1	10.81	6.81	5.89
EBIT	-75.49	-120.64	-127.98	-236.07	-157.44	-65.94
EBIT Margin	-9.18%	-15.83%	-19.31%	-45.71%	-35.99%	-19.21%
Revenue as Reported	822.66	761.91	662.78	516.44	437.47	343.27
Advertising Expenses	-	4.2	2.49	1.71	2.15	0.79

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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