ECARX Holdings Inc. (ECX)

ECARX Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	756.54	761.91	662.78	516.44	437.47	343.27
Revenue Growth (YoY)	3.49%	14.96%	28.34%	18.05%	27.44%	-
Cost of Revenue	576.93	603.78	483.29	372.34	308.85	258.81
Gross Profit	179.61	158.13	179.48	144.1	128.62	84.46
Selling, General & Admin	120.54	109.61	134.2	194.46	95.69	42.22
Research & Development	183.49	169.22	174.02	188.74	190.41	108.14
Other Operating Expenses	0.7	-0.06	-0.75	-3.03	-0.03	0.03
Operating Expenses	304.73	278.77	307.47	380.17	286.06	150.4
Operating Income	-125.12	-120.64	-127.98	-236.07	-157.44	-65.94
Interest Expense	-14.74	-18.33	-11.18	-6.46	-20.71	-9.06
Interest & Investment Income	3.1	3.04	4.3	2	2.15	4.36
Earnings From Equity Investments	-3.86	5.53	-6.07	-10.43	-0.61	0.02
Currency Exchange Gain (Loss)	-1.06	-1.04	-1.5	-2.64	2.88	8.4
Other Non Operating Income (Expenses)	-4.01	2.29	3.32	8.14	-12.09	-5.15
EBT Excluding Unusual Items	-145.69	-129.15	-139.11	-245.45	-185.83	-67.36
Gain (Loss) on Sale of Investments	-6.14	-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	-152.07	-135.41	-143.72	-228.8	-184.16	-67.36
Income Tax Expense	-1.87	0.2	-0.51	4.21	1.08	0.03
Earnings From Continuing Operations	-150.19	-135.62	-143.21	-233.01	-185.24	-67.4
Minority Interest in Earnings	8.03	7.89	10.58	6.23	0.44	0.05
Net Income	-142.16	-127.73	-132.64	-226.78	-184.8	-67.34
Preferred Dividends & Other Adjustments	-	-	-	51.45	38.55	15.51
Net Income to Common	-142.16	-127.73	-132.64	-278.23	-223.35	-82.86
Shares Outstanding (Basic)	337	337	337	239	237	239
Shares Outstanding (Diluted)	337	337	337	239	237	239
Shares Change (YoY)	-0.09%	-0.23%	41.00%	1.10%	-0.80%	-
EPS (Basic)	-0.42	-0.38	-0.39	-1.16	-0.94	-0.35
EPS (Diluted)	-0.42	-0.38	-0.39	-1.16	-0.94	-0.35
Free Cash Flow	-97.67	-74.66	-182.65	-89.69	-156.32	-66.96
Free Cash Flow Per Share	-0.29	-0.22	-0.54	-0.38	-0.66	-0.28
Gross Margin	23.74%	20.75%	27.08%	27.90%	29.40%	24.60%
Operating Margin	-16.54%	-15.83%	-19.31%	-45.71%	-35.99%	-19.21%
Profit Margin	-18.79%	-16.76%	-20.01%	-53.87%	-51.05%	-24.14%
Free Cash Flow Margin	-12.91%	-9.80%	-27.56%	-17.37%	-35.73%	-19.51%
EBITDA	-103.25	-100.33	-115.88	-225.26	-150.63	-60.04
EBITDA Margin	-13.65%	-13.17%	-17.48%	-43.62%	-34.43%	-17.49%
D&A For EBITDA	21.87	20.31	12.1	10.81	6.81	5.89
EBIT	-125.12	-120.64	-127.98	-236.07	-157.44	-65.94
EBIT Margin	-16.54%	-15.83%	-19.31%	-45.71%	-35.99%	-19.21%
Revenue as Reported	756.54	761.91	662.78	516.44	437.47	343.27
Advertising Expenses	-	4.2	2.49	1.71	2.15	0.79

Updated Aug 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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