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ECARX Holdings Inc.

ECARX Holdings Inc.

NASDAQ•ECX
CEO: Mr. Ziyu Shen
Sector: Consumer Cyclical
Industry: Auto - Parts
Listing Date: 2021-03-31
ECARX Holdings Inc. develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack. The company has entered into a strategic partnership agreement with Black Sesame Technologies. The company is based in Shanghai, the People's Republic of China.
Contact Information
Building 1, Zhongteng Building, 5 Floor 2121 Longteng Avenue Xuhui District, Shanghai, 200232, China
86-571-8530-6942
www.ecarxgroup.com
Market Cap
$677.82M
P/E (TTM)
-19.4
24.6
Dividend Yield
--
52W High
$3.25
52W Low
$0.76
52W Range
46%
Rank45Top 56.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 5-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2021-2025

Financial Dashboard

Q3 2025 Data

Revenue

$218.77M+9.84%
4-Quarter Trend

EPS

$0.00-100.88%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Growth Strong 18.3% Total revenues reached RMB 5.56B in 2024, marking an 18.3% increase from RMB 4.70B in 2023.
Goods Sales Volume Rises Sales of goods revenue grew 33.0% to RMB 4.41B in 2024, driven by increased digital cockpit volume penetration.
High R&D Investment Maintained Research and development expenses were RMB 1.26B in 2024, supporting technology leadership in automotive intelligence.
Cash Position RMB 367M Cash and restricted cash totaled RMB 367M as of December 31, 2024, following significant financing activities.

Risk Factors

Gross Margin Compression Continues Gross margin fell 6.3 percentage points to 20.8% in 2024 due to aggressive competition in the automotive sector.
Continued Net Loss Reported Net loss narrowed to RMB 990M in 2024, reflecting ongoing challenges despite revenue expansion efforts.
High Customer Concentration Risk Geely Group and subsidiaries accounted for 81.8% of total revenues in 2024, posing concentration risk.
Liquidity Requires Additional Funding Net cash used in operating activities was RMB 430M in 2024; company requires additional liquidity for next 12 months.

Outlook

Developing Central Computing Platform Strategy focuses on moving from domain-based architecture to a more centralized computing platform structure.
Advancing In-House AI Capabilities Developing ECARX AutoGPT, an in-house specialized large language model for next-generation AI operating systems.
Expanding In-House Production Started in-house production in April 2024 and acquired Hubei Dongjun in July 2024 to boost capabilities.
Share Repurchase Program Authorized Board authorized up to US$20M share repurchase program, active until September 30, 2025.

Peer Comparison

Revenue (TTM)

American Axle & Manufacturing Holdings, Inc.AXL
$5.83B
-6.0%
Sabre CorporationSABR
$2.89B
-3.6%
Cooper-Standard Holdings Inc.CPS
$2.73B
-0.5%

Gross Margin (Latest Quarter)

Cango Inc.CANG
83.1%
+69.4pp
Yatsen Holding LimitedYSG
78.2%
+2.3pp
Sabre CorporationSABR
56.2%
+26.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AXL$913.96M21.86.6%50.9%
SMP$861.05M12.510.5%34.9%
PLOW$841.68M20.915.7%42.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.8%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 10, 2026
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EPS:-
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 26, 2025|
    Revenue: $772.90M+18.3%
    |
    EPS: $-0.39-0.7%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 3, 2024|
    Revenue: $658.95M+31.2%
    |
    EPS: $-0.39+65.2%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 24, 2023|
    Revenue: $528.53M+28.0%
    |
    EPS: $-1.19-1115.2%
    N/A