NASDAQ$ECX
ECARX Holdings Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
ECARX reported record fourth quarter 2025 revenue of $304.7 million, achieving its second consecutive quarter of positive net income and adjusted EBITDA.
ECARX delivered strong Q4 2025 results with revenue rising 13% year-over-year to $304.7 million, driven by robust growth in sales of goods. The company achieved net profit of $2.8 million and adjusted EBITDA of $21.6 million, reflecting improved operating performance and sustained profitability momentum.
- Total revenue increased 13% year-over-year to $304.7 million.
- Sales of goods revenue grew 27% year-over-year to $269.5 million.
- Gross profit reached $63.7 million with a 21% gross margin.
- Net profit was $2.8 million, compared to a $6.0 million loss in the prior year period.
Headline financials
Revenue & EPS history
ECARX · Revenue · Quarterly
$305M
Revenue by segment
ECARX · $132M total across 3 segments · Q1 2026
- Sales of Goods$114M-6.1%86.5%
- Service$16.1M-25.5%12.2%
- Software License$1.6M-93.8%1.2%
Forward guidance
Management expressed confidence in sustaining profitable growth into 2026, supported by recent capital raises of nearly $200 million and continued global expansion, although no specific quantitative guidance was provided.
Tailwinds
- Second consecutive quarter of positive net income and adjusted EBITDA.
- Approximately $200000000 in recent aggregate proceeds to support R&D and global expansion.
- Deepened partnership with Volkswagen Group in Latin America.
- Approximately 11000000 vehicles on the road powered by ECARX technologies.
- Continued global expansion and pivot toward high-value software and AI services.
Headwinds
- Software license revenue declined 84% year-over-year.
- Service revenue decreased 27% year-over-year.
- Exposure to macroeconomic headwinds and semiconductor supply constraints.
- Interest expense increased year-over-year.
- Full-year 2025 net loss of $68900000 indicates ongoing profitability challenges at scale.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
-1.1%
Avg return
Earnings day
-3.3%
Avg return
5 days after
+0.0%
Avg return
30 days after
45%
9 / 20 earnings
Positive
+8.3%
Q1 2025
Best reaction
-14.9%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -3.9% | +3.9% | |
| Q4 2025 | -8.3% | -13.5% | -42.0% | |
| Q3 2025 | +4.7% | -6.8% | -20.8% | |
| Q2 2025 | -11.3% | -4.1% | +26.0% | |
| Q1 2025 | +8.3% | +18.3% | +30.0% | |
| Q3 2024 | +0.5% | -2.2% | +4.4% | |
| Q2 2024 | +4.4% | +7.9% | +9.2% | |
| Q1 2024 | -14.9% | -22.3% | -11.5% | |
| Q4 2023 | +0.4% | -13.1% | -28.7% | |
| Q3 2023 | -3.5% | -17.3% | -40.5% | |
| Q2 2023 | -4.4% | -6.7% | -14.8% | |
| Q1 2023 | -1.3% | +4.3% | -31.0% | |
| Q4 2021 | +2.0% | -2.0% | +38.2% | |
| Q4 2022 | +2.0% | -2.0% | +38.2% | |
| Q4 2020 | +2.0% | -2.0% | +38.2% | |
| Q3 2022 | +0.2% | +0.1% | +0.7% | |
| Q2 2022 | +0.0% | -0.1% | +0.3% | |
| Q1 2022 | +0.0% | +0.0% | +0.4% | |
| Q3 2021 | +0.0% | -0.6% | -0.2% | |
| Q2 2021 | -0.4% | -0.2% | +0.1% | |
| Q1 2021 | — | — | — |
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