ECARX Holdings Inc. (ECX)

ECARX Holdings Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-68.94	-137.75	-143.9	-232.99	-185.14
Depreciation & Amortization	24.39	26.41	17.59	16.89	10.25
Stock-Based Compensation	13.34	19.06	24.87	105.2	28.31
Other Adjustments	2.3	5.02	17.81	0.65	38.76
Change in Receivables	9.54	52.18	-69.1	-50.53	-25.29
Changes in Inventories	-31.94	-9.26	2.38	0.77	-16.61
Changes in Accounts Payable	14.31	5.66	25	140.13	-54.12
Changes in Accrued Expenses	-8.43	-17.24	-17.83	29.69	29.63
Changes in Unearned Revenue	-19	-21.64	-39.51	-34.14	54.92
Changes in Other Operating Activities	-29.97	17.59	10.25	-42.55	-23.46
Operating Cash Flow	-94.39	-59.98	-172.44	-66.88	-142.75
Capital Expenditures	-12.17	-15.91	-8.88	-22.8	-13.49
Sale of Property, Plant & Equipment	1.01	0.22	0.31	0.25	-
Purchases of Investments	-98.17	-48.39	-22.47	-11.52	-180.25
Proceeds from Sale of Investments	44.39	62.83	118.36	-	-
Payments for Business Acquisitions	-	-7.83	-	-	-
Proceeds from Business Divestments	-	-	-	0.14	-
Other Investing Activities	-5.54	0.95	-0.05	-11.46	5.21
Investing Cash Flow	-70.48	-8.12	87.27	-45.38	-188.52
Short-Term Debt Issued	517.05	305.81	253.25	285.59	156.1
Short-Term Debt Repaid	-370.62	-263.91	-207.7	-294.58	-24.57
Net Short-Term Debt Issued (Repaid)	146.43	41.9	45.56	-8.99	131.53
Long-Term Debt Issued	113.98	-	-	76.44	-
Long-Term Debt Repaid	-67.33	-	-0.5	-0.43	-177.05
Net Long-Term Debt Issued (Repaid)	46.65	-	-0.5	76.01	-177.05
Issuance of Common Stock	43.46	-	-	27.97	36.5
Repurchase of Common Stock	-29.61	-3.33	-	-	-
Net Common Stock Issued (Repurchased)	13.85	-3.33	-	27.97	36.5
Issuance of Preferred Stock	-	-	-	23.12	579.63
Repurchase of Preferred Stock	-	-	-	-	-236.62
Net Preferred Stock Issued (Repurchased)	-	-	-	23.12	343
Other Financing Activities	-3.06	-2.21	-4.44	-22.76	-
Financing Cash Flow	203.86	36.36	40.62	95.36	333.99
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4.1	-2.18	-2.03	4.19	-5.04
Net Cash Flow	43.09	-33.93	-46.59	-12.71	-2.32
Free Cash Flow	-106.56	-75.89	-181.32	-89.68	-156.24
FCF Margin	-12.57%	-9.84%	-27.38%	-17.37%	-35.73%
Free Cash Flow Per Share	-0.31	-0.23	-0.54	-0.37	-0.66
Levered Free Cash Flow	64.24	-102.26	-99.26	-123.29	-281.62
Unlevered Free Cash Flow	-118.57	-137.47	-140.54	-152.4	-171.16

Updated May 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q