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ECARX Holdings
(NASDAQ:ECX)
ECARX Holdings (ECX) vs. SPDR S&P 500 ETF (SPY)
ECARX Holdings Business Overview & Revenue Model
ECARX Holdings Key Performance Indicators (KPIs)
ECARX Holdings Earnings Call Summary
ECARX Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.68B | 5.56B | 4.70B | 3.56B | 2.78B | 2.24B |
| Gross Profit | 358.82M | 158.11M | 179.54M | 144.06M | 128.18M | 551.39M |
| EBITDA | -107.47M | ― | ― | ― | ― | -321.69M |
| Net Income | -187.64M | ― | ― | ― | ― | -439.66M |
Balance Sheet | ||||||
| Total Assets | 3.61B | 3.77B | 4.27B | 4.73B | 622.32M | 2.58B |
| Cash, Cash Equivalents and Short-Term Investments | 497.64M | 454.56M | 699.02M | 860.47M | 137.74M | 729.94M |
| Total Debt | 2.64B | 1.99B | 1.81B | 1.41B | 166.19M | 1.10B |
| Total Liabilities | 5.70B | 5.52B | 5.10B | 4.77B | 1.26B | 4.41B |
| Stockholders Equity | -2.08B | -1.76B | -921.41M | -196.40M | -643.70M | -1.84B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -544.93M | -1.31B | -618.62M | -951.19M | 0.00 |
| Operating Cash Flow | 0.00 | -430.28M | -1.24B | -461.34M | -872.33M | 0.00 |
| Investing Cash Flow | 0.00 | -59.91M | 592.08M | -313.04M | -1.39B | 0.00 |
| Financing Cash Flow | 0.00 | 261.64M | 296.83M | 657.77M | 2.19B | 0.00 |
ECARX Holdings Technical Analysis
ECARX Holdings Risk Analysis
ECARX Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $133.66M | 3.99 | 9.19% | ― | 16.72% | 5.35% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $741.10M | -7.37 | -33.69% | ― | ― | -15.43% | |
52 Neutral | $642.14M | -8.28 | ― | ― | 6.59% | 55.85% | |
50 Neutral | $767.22M | -2.40 | -192.35% | ― | 89.90% | 5.13% | |
48 Neutral | $200.56M | -2.77 | -71.46% | ― | 46.09% | 46.01% | |
46 Neutral | $73.89M | -0.75 | -75.54% | ― | -19.11% | 73.51% |
ECARX Holdings Corporate Events
On January 8, 2026, ECARX Holdings Inc. entered into a subscription agreement under which Geely Investment Holding Ltd. will make a strategic US$45.6 million private placement into the company by purchasing 27,297,002 newly issued Class A ordinary shares at US$1.67 per share, a price based on the 20-day volume-weighted average on Nasdaq, with the shares subject to a six-month lock-up and closing contingent on customary conditions. ECARX plans to deploy the proceeds to accelerate development and global rollout of its vehicle hardware and software platforms, including strengthening its German R&D hub and infrastructure in South America and Southeast Asia; executives from both Geely and ECARX framed the investment, announced in London on January 12, 2026, as a vote of confidence in ECARX’s technology, its recent project wins with Volkswagen Group and partnership with Lotus Tech, and its broader strategy to cement its role in the global smart, connected vehicle ecosystem despite what management characterizes as a share price that lags the firm’s long-term prospects.
The most recent analyst rating on (ECX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.
On December 29, 2025, ECARX Holdings announced that it had signed a subscription agreement on December 23, 2025 to make a US$23 million strategic investment in Lotus Technology Inc. via a private placement of 16,788,321 newly issued Lotus Tech ordinary shares at US$1.37 per share, subject to customary closing conditions and a six‑month lock‑up. The deal is intended to deepen the companies’ global partnership by expanding deployment of ECARX’s Pikes computing platform and Cloudpeak cross‑domain software stack with Google Automotive Services in Lotus vehicles worldwide, reinforcing ECARX’s international expansion ambitions and signaling mutual confidence in Lotus Tech’s long‑term strategy and its push into next‑generation intelligent, AI‑driven in‑vehicle experiences.
The most recent analyst rating on (ECX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.
On December 4, 2025, ECARX Holdings Inc. announced a Convertible Loan Agreement with DREAMSMART TECHNOLOGY PTE. LTD. and its subsidiary, Hubei DreamSmart Group Co., Ltd. Under this agreement, ECARX (Hubei), a subsidiary of ECARX Holdings, will provide a loan of RMB300 million to DreamSmart Hubei, with the option to convert the loan into shares of DreamSmart Singapore. This strategic move is expected to strengthen ECARX’s financial positioning and potentially expand its influence in the automotive technology sector by aligning with DreamSmart’s operations.
The most recent analyst rating on (ECX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.
On November 3, 2025, ECARX Holdings Inc. entered into a convertible note purchase agreement to issue and sell up to $100 million in convertible notes. The initial investor agreed to purchase $35 million, with an additional $25 million purchased by another existing holder on November 26, 2025. The remaining $40 million is contingent on finding additional investors, indicating potential uncertainties in securing full funding.
The most recent analyst rating on (ECX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.
On November 13, 2025, ECARX Holdings Inc. announced an expanded partnership with Volkswagen Group to supply advanced digital cockpit solutions for various vehicle models in Latin America. This new award, following an initial agreement in March 2025, involves the integration of ECARX’s Antora® 1000 and 500 computing platforms, alongside Google Automotive Services, to enhance user interfaces and maintain Volkswagen’s competitive edge in digital innovation. The collaboration underscores ECARX’s capability to deliver industry-leading infotainment systems and strengthens its positioning in the automotive technology sector.
The most recent analyst rating on (ECX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.
On November 3, 2025, ECARX Holdings announced its unaudited financial results for the third quarter of 2025, highlighting significant milestones such as achieving EBITDA breakeven and a net profit of $0.9 million. The company’s revenue grew by 11% year-over-year to $219.9 million, driven by increased shipments and improved supply chain efficiency. ECARX’s expansion into global markets and technological advancements, including the mass production of its Pikes® computing platform, have strengthened its industry position. The company also secured new projects with European and Chinese automakers, adding substantial revenue to its pipeline. Additionally, ECARX entered into a convertible note purchase agreement to issue up to $150 million in convertible notes, providing liquidity for further international expansion and product innovation.
The most recent analyst rating on (ECX) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.
On October 31, 2025, ECARX Holdings Inc. announced a change in its board of directors with the appointment of Ms. Lone Foenss Schroeder, replacing Ms. Ni Li who resigned due to personal reasons. Ms. Schroeder brings extensive experience from her leadership roles across various sectors, including automotive and technology, and her involvement in transformative projects at companies like Volvo Cars and Geely Sweden Holdings AB. This board change is expected to bolster ECARX’s strategic direction in the automotive technology industry.
The most recent analyst rating on (ECX) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.
On October 30, 2025, ECARX Holdings Inc. announced a securities purchase agreement with an institutional investor to issue and sell convertible notes worth up to $150 million. The initial note, valued at $50 million, is set to be issued on the same date, with the potential for additional closings of up to $100 million. These notes, convertible into Class A ordinary shares, will mature in 12 months and include various covenants and conditions to protect both the company and investors. This move is expected to enhance ECARX’s financial flexibility and could impact its market positioning by providing additional capital for growth initiatives.
The most recent analyst rating on (ECX) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on ECARX Holdings stock, see the ECX Stock Forecast page.