Cash flow ECARX Holdings Inc.

Equities

ECX

KYG292011031

Integrated Hardware & Software

Market Closed - Nasdaq Other stock markets 21:00:00 09/02/2026 GMT			5-day change	1st Jan Change
1.680 ^USD	+0.60%		-11.11%	-2.33%

02-02	ECARX Holdings Inc. Debuts Zenith Computing Platform Powered by Snapdragon Elite Automotive Platform at CES 2026, Showcasing Unified, High-Performance Intelligent Cockpit/ADAS Fusion	CI
01-07	ECARX Holdings Inc. announced that it expects to receive $45.585993 million in funding from Geely Investment Holding Ltd.	CI

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Published financial data: ECARX HOLDINGS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.24B	2.78B	3.56B	4.67B	5.56B
Total Revenues	2.24B	2.78B	3.56B	4.67B	5.56B
Cost of Goods Sold, Total	1.69B	1.96B	2.57B	3.4B	4.41B
Gross Profit	551M	817M	990M	1.27B	1.15B
Selling General & Admin Expenses, Total	276M	590M	1.3B	949M	800M
R&D Expenses	706M	1.21B	1.18B	1.23B	1.24B
Other Operating Expenses	200K	-207K	-20.91M	-5.33M	-464K
Other Operating Expenses, Total	982M	1.8B	2.46B	2.18B	2.03B
Operating Income	-430M	-982M	-1.47B	-907M	-881M
Interest Expense, Total	-59.13M	-132M	-51.14M	-79.31M	-134M
Interest And Investment Income	28.48M	11.78M	12.44M	30.5M	22.18M
Net Interest Expenses	-30.65M	-120M	-38.69M	-48.81M	-112M
Income (Loss) On Equity Invest.	148K	-2.52M	-137M	-43.06M	40.33M
Currency Exchange Gains (Loss)	54.84M	18.32M	-18.22M	-10.35M	-7.61M
Other Non Operating Income (Expenses)	-33.64M	-107M	26.08M	23.56M	16.74M
EBT, Excl. Unusual Items	-440M	-1.19B	-1.63B	-986M	-943M
Gain (Loss) On Sale Of Investments	-	-	42.88M	-22.45M	-44.02M
Gain (Loss) On Sale Of Assets	-	10.58M	71.97M	-	-
Asset Writedown	-	-	-	-10.24M	-1.69M
EBT, Incl. Unusual Items	-440M	-1.18B	-1.52B	-1.02B	-988M
Income Tax Expense	228K	3.45M	21.57M	-3.64M	1.48M
Earnings From Continuing Operations	-440M	-1.19B	-1.54B	-1.02B	-990M
Net Income to Company	-440M	-1.19B	-1.54B	-1.02B	-990M
Minority Interest	345K	5.82M	1.91M	74.99M	57.56M
Net Income - (IS)	-440M	-1.18B	-1.54B	-940M	-932M
Preferred Dividend and Other Adjustments	101M	244M	355M	-	-
Net Income to Common Incl Extra Items	-541M	-1.42B	-1.89B	-940M	-932M
Net Income to Common Excl. Extra Items	-541M	-1.42B	-1.89B	-940M	-932M
Per Share Items
Net EPS - Basic	-2.7	-7.17	-7.92	-2.79	-2.77
Basic EPS - Continuing Operations	-2.7	-7.17	-7.92	-2.79	-2.77
Basic Weighted Average Shares Outstanding	200M	198M	239M	337M	337M
Net EPS - Diluted	-2.7	-7.17	-7.92	-2.79	-2.77
Diluted EPS - Continuing Operations	-2.7	-7.17	-7.92	-2.79	-2.77
Diluted Weighted Average Shares Outstanding	200M	198M	239M	337M	337M
Normalized Basic EPS	-1.37	-3.73	-4.26	-1.6	-1.58
Normalized Diluted EPS	-1.37	-3.73	-4.26	-1.6	-1.58
Supplemental Items
EBITDA	-392M	-939M	-1.42B	-822M	-732M
EBITA	-430M	-982M	-1.47B	-876M	-789M
EBIT	-430M	-982M	-1.47B	-907M	-881M
EBITDAR	-369M	-903M	-1.38B	-770M	-678M
Total Revenues (As Reported)	2.24B	2.78B	3.56B	4.67B	5.56B
Effective Tax Rate - (Ratio)	-0.05	-0.29	-1.42	0.36	-0.15
Total Current Taxes	228K	3.45M	21.57M	-3.53M	19.72M
Total Deferred Taxes	-	-	-	-114K	-18.24M
Normalized Net Income	-275M	-740M	-1.02B	-541M	-532M
Supplemental Operating Expense Items
Advertising Expense	-	-	11.8M	17.65M	30.66M
Selling and Marketing Expenses	60.64M	82.83M	85.07M	17.65M	30.66M
General and Administrative Expenses	215M	507M	1.17B	146M	111M
Research And Development Expense From Footnotes	706M	1.21B	1.21B	1.26B	1.26B
Net Rental Expense, Total	23.47M	35.25M	43.38M	51.5M	54.75M
Imputed Operating Lease Interest Expense	-	36.52M	15.26M	20.37M	30.9M
Imputed Operating Lease Depreciation	-	-1.27M	28.12M	31.13M	23.84M
Stock-Based Comp., COGS (Total)	-	6.52M	-	-	-
Stock-Based Comp., R&D Exp. (Total)	6.5M	80.87M	137M	27.8M	15.98M
Stock-Based Comp., S&M Exp. (Total)	723K	7.32M	16.85M	-	-
Stock-Based Comp., G&A Exp. (Total)	4.19M	68.76M	572M	146M	111M
Stock-Based Comp., Other (Total)	-	16.45M	201M	-	-
Total Stock-Based Compensation	11.41M	180M	927M	174M	127M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	730M	878M	737M	561M	324M
Short Term Investments	-	-	-	138M	131M
Total Cash And Short Term Investments	730M	878M	737M	699M	455M
Accounts Receivable, Total	993M	1.09B	1.05B	1.89B	1.61B
Other Receivables	78.62M	41.28M	912M	74.12M	165M
Total Receivables	1.07B	1.13B	1.96B	1.96B	1.78B
Inventory	234M	223M	132M	161M	234M
Prepaid Expenses	4.56M	5.26M	-	-	-
Restricted Cash	274M	23M	40.96M	27.13M	43.42M
Other Current Assets, Total	114M	195M	413M	441M	322M
Total Current Assets	2.43B	2.46B	3.28B	3.29B	2.83B
Gross Property Plant And Equipment	188M	219M	340M	442M	564M
Accumulated Depreciation	-81.79M	-116M	-136M	-196M	-271M
Net Property Plant And Equipment	106M	103M	204M	246M	293M
Long-term Investments	2.65M	1.35B	490M	301M	15.84M
Goodwill	-	-	-	-	25.73M
Other Intangibles, Total	30.04M	31.03M	36.69M	179M	310M
Other Long-Term Assets, Total	11.61M	21.83M	240M	253M	296M
Total Assets	2.58B	3.97B	4.25B	4.27B	3.77B
Liabilities
Accounts Payable, Total	1.34B	889M	1.43B	2.11B	2.27B
Accrued Expenses, Total	162M	229M	219M	359M	256M
Short-term Borrowings	76M	932M	870M	1.2B	1.36B
Current Portion of Long-Term Debt	250M	-	-	-	471M
Current Portion of Leases	-	-	24.15M	35.12M	40.92M
Current Income Taxes Payable	31.08M	39.09M	108M	15.79M	20.36M
Unearned Revenue Current, Total	159M	366M	321M	208M	157M
Other Current Liabilities	1.25B	568M	625M	292M	548M
Total Current Liabilities	3.27B	3.02B	3.6B	4.22B	5.13B
Long-Term Debt	775M	-	440M	456M	-
Long-Term Leases	-	-	59.54M	108M	121M
Unearned Revenue Non Current	359M	473M	282M	134M	37.34M
Deferred Tax Liability Non Current	-	-	-	-	15.2M
Other Non Current Liabilities	7.52M	16.29M	47.26M	189M	217M
Total Liabilities	4.41B	3.51B	4.43B	5.1B	5.52B
Preferred Stock Non Redeemable	-1.03B	-159M	-	-	-
Preferred Stock Convertible	1.26B	4.69B	-	-	-
Total Preferred Equity	232M	4.53B	-	-	-
Common Stock, Total	7K	7K	10K	10K	11K
Additional Paid In Capital	165M	-	5.92B	6.09B	6.21B
Retained Earnings	-2.24B	-4.11B	-5.71B	-6.67B	-7.6B
Treasury Stock	-	-	-	-	-7.44M
Comprehensive Income and Other	1.5M	6.05M	-386M	-345M	-364M
Total Common Equity	-2.08B	-4.1B	-177M	-921M	-1.76B
Minority Interest	11.51M	24.77M	-	86.95M	14.76M
Total Equity	-1.83B	455M	-177M	-834M	-1.74B
Total Liabilities And Equity	2.58B	3.97B	4.25B	4.27B	3.77B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	200M	194M	337M	338M	346M
ECS Total Common Shares Outstanding	200M	194M	337M	338M	340M
Book Value / Share	-10.38	-21.17	-0.53	-2.73	-5.17
Tangible Book Value	-2.11B	-4.13B	-214M	-1.1B	-2.1B
Tangible Book Value Per Share	-10.53	-21.33	-0.63	-3.26	-6.16
Total Debt	1.1B	932M	1.39B	1.8B	1.99B
Net Debt	371M	54.04M	656M	1.1B	1.54B
Debt Equivalent Oper. Leases	188M	282M	347M	412M	438M
Minority Interest, Total (Incl. Fin. Div)	11.51M	24.77M	-	86.95M	14.76M
Equity Method Investments, Total	2.65M	678M	420M	252M	10.52M
Account Code - Inventory Valuation	-	-	5	5	5
Inventories - Raw Materials, Total	104M	118M	61.41M	90.88M	178M
Inventories - Work In Process, Total	9.11M	2.69M	3M	11M	18.57M
Inventories - Finished Goods, Total	121M	103M	67.15M	58.9M	37.85M
Machinery, Total	157M	174M	185M	224M	316M
Full Time Employees	-	2K	1.5K	2.02K	1.92K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	6.89M	13.9M	25.45M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-440M	-1.18B	-1.54B	-940M	-932M
Depreciation & Amortization - CF	38.48M	43.14M	83.15M	53.96M	56.79M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	31.84M	91.46M
Depreciation & Amortization, Total	38.48M	43.14M	83.15M	85.8M	148M
Amortization of Deferred Charges, Total - (CF)	75.83M	122M	22.57M	2.86M	2.08M
(Gain) Loss From Sale Of Asset	577K	-9.02M	-70.04M	1.75M	-465K
(Gain) Loss on Sale of Investments - (CF)	-	-	-42.88M	22.45M	44.02M
Asset Writedown & Restructuring Costs	-	-	38.06M	49.08M	43.74M
(Income) Loss On Equity Investments - (CF)	-148K	2.52M	137M	43.06M	-40.33M
Stock-Based Compensation (CF)	11.41M	180M	726M	174M	137M
Provision and Write-off of Bad Debts	360K	-	6.89M	7.52M	13.86M
Other Operating Activities, Total	28.21M	146M	-1.39M	-74.86M	-69.5M
Change In Accounts Receivable	498M	-141M	45.19M	-586M	281M
Change In Inventories	-9.27M	-106M	56.36M	11.15M	-72.77M
Change In Accounts Payable	-833M	-199M	503M	360M	-25.43M
Change in Unearned Revenues	28.54M	349M	-236M	-262M	-148M
Change in Other Net Operating Assets	233M	-79.57M	-134M	-138M	188M
Cash from Operations	-368M	-872M	-406M	-1.24B	-430M
Capital Expenditure	-69.11M	-78.86M	-128M	-62.19M	-115M
Sale of Property, Plant, and Equipment	-	-	1.73M	2.16M	1.58M
Cash Acquisitions	-	-	-	-	-56.56M
Divestitures	-	-8.36M	-21.64M	792M	141M
Investment in Marketable and Equity Securities, Total	-	-1.35B	-108M	-140M	-37.9M
Other Investing Activities, Total	-22M	41.5M	-27.9M	0	6.9M
Cash from Investing	-91.11M	-1.39B	-284M	592M	-59.9M
Short Term Debt Issued, Total	76M	1.26B	2.17B	1.8B	2.2B
Long-Term Debt Issued, Total	-	-	527M	-	-
Total Debt Issued	76M	1.26B	2.7B	1.8B	2.2B
Short Term Debt Repaid, Total	-168M	-156M	-2.35B	-1.47B	-1.9B
Long-Term Debt Repaid, Total	-	-1.13B	-	-	-
Total Debt Repaid	-168M	-1.28B	-2.35B	-1.47B	-1.9B
Issuance of Common Stock	-	-	43.72M	-	-
Repurchase of Common Stock	-	-	-	-	-21.9M
Issuance of Preferred Stock	206M	3.22B	159M	-	-
Other Financing Activities, Total	1.02B	-1.01B	-10.72M	-33.17M	-19.32M
Cash from Financing	1.14B	2.19B	538M	297M	262M
Foreign Exchange Rate Adjustments	-10.02M	-32.02M	28.91M	41.34M	-2.89M
Net Change in Cash	669M	-103M	-123M	-313M	-231M
Supplemental Items
Cash Interest Paid	2.9M	28.98M	32.78M	63.86M	112M
Cash Income Tax Paid (Refund)	35K	1.64M	-	1.98M	12.78M
Levered Free Cash Flow	-	-1.16B	-394M	-59.08M	7.48M
Unlevered Free Cash Flow	-	-1.18B	-362M	-12.37M	89M
Change In Net Working Capital	-	732M	350M	-357M	-479M
Net Debt Issued / Repaid	-91.9M	-19.31M	345M	330M	303M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	-18.75	-22.3	-12.61	-13.63
Return on Total Capital	-	-186.91	-70.41	-48.49	-90.6
Return On Equity %	-	172.19	-1.11K	233.67	76.84
Return on Common Equity	-	46.07	88.51	168.22	69.62
Margin Analysis
Gross Profit Margin %	24.6	29.41	27.85	27.22	20.75
SG&A Margin	12.3	21.22	36.48	20.34	14.39
EBITDA Margin %	-17.49	-33.77	-39.95	-17.61	-13.17
EBITA Margin %	-19.21	-35.32	-41.22	-18.77	-14.19
EBIT Margin %	-19.21	-35.32	-41.22	-19.45	-15.83
Income From Continuing Operations Margin %	-19.63	-42.66	-43.33	-21.76	-17.8
Net Income Margin %	-19.62	-42.45	-43.27	-20.15	-16.76
Net Avail. For Common Margin %	-24.14	-51.21	-53.25	-20.15	-16.76
Normalized Net Income Margin	-12.25	-26.61	-28.66	-11.6	-9.56
Levered Free Cash Flow Margin	-	-41.8	-11.08	-1.27	0.13
Unlevered Free Cash Flow Margin	-	-42.44	-10.18	-0.27	1.6
Asset Turnover
Asset Turnover	-	0.85	0.87	1.04	1.38
Fixed Assets Turnover	-	26.56	23.18	19.23	20.64
Receivables Turnover (Average Receivables)	-	2.67	3.33	2.81	3.16
Inventory Turnover (Average Inventory)	-	8.58	14.47	19.78	22.33
Short Term Liquidity
Current Ratio	0.74	0.81	0.91	0.78	0.55
Quick Ratio	0.55	0.67	0.75	0.63	0.44
Operating Cash Flow to Current Liabilities	-0.11	-0.29	-0.11	-0.29	-0.08
Days Sales Outstanding (Average Receivables)	-	136.87	109.67	129.81	115.99
Days Outstanding Inventory (Average Inventory)	-	42.53	25.23	18.45	16.39
Average Days Payable Outstanding	-	208.36	171.17	214.29	180.36
Cash Conversion Cycle (Average Days)	-	-28.96	-36.27	-66.03	-47.98
Long Term Solvency
Total Debt/Equity	-60.13	204.98	-786.46	-215.52	-114.22
Total Debt / Total Capital	-150.84	67.21	114.57	186.56	803.44
LT Debt/Equity	-42.33	-	-281.84	-67.51	-6.96
Long-Term Debt / Total Capital	-106.19	-	41.06	58.44	48.95
Total Liabilities / Total Assets	171.04	88.54	104.17	119.55	146.27
EBIT / Interest Expense	-7.28	-7.46	-28.67	-11.44	-6.58
EBITDA / Interest Expense	-6.63	-7.13	-26.94	-9.71	-5.07
(EBITDA - Capex) / Interest Expense	-7.8	-7.73	-29.44	-10.5	-5.92
Total Debt / EBITDA	-2.81	-0.99	-1.01	-2.34	-2.94
Net Debt / EBITDA	-0.95	-0.06	-0.48	-1.43	-2.27
Total Debt / (EBITDA - Capex)	-2.39	-0.92	-0.93	-2.16	-2.52
Net Debt / (EBITDA - Capex)	-0.81	-0.05	-0.44	-1.32	-1.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	24.01	28	31	18.33
Gross Profit, 1 Yr. Growth %	-	48.21	21.21	27.78	-9.31
EBITDA, 1 Yr. Growth %	-	139.42	51.42	-47.92	-10.88
EBITA, 1 Yr. Growth %	-	128.04	49.36	-46.22	-9.89
EBIT, 1 Yr. Growth %	-	128.04	49.36	-44.27	-2.97
Earnings From Cont. Operations, 1 Yr. Growth %	-	169.41	30.01	-36.83	-2.52
Net Income, 1 Yr. Growth %	-	168.3	30.49	-39.89	-0.87
Normalized Net Income, 1 Yr. Growth %	-	169.4	37.88	-46.67	-1.83
Diluted EPS Before Extra, 1 Yr. Growth %	-	165.2	31.65	-65.25	-0.65
Accounts Receivable, 1 Yr. Growth %	-	9.85	-4.06	31.66	-15.75
Inventory, 1 Yr. Growth %	-	-4.51	-41.09	-11.94	45.5
Net Property, Plant and Equip., 1 Yr. Growth %	-	-2.76	97.54	2.81	19.09
Total Assets, 1 Yr. Growth %	-	53.86	7.17	-9.79	-12.45
Tangible Book Value, 1 Yr. Growth %	-	96.33	-94.83	356.26	90.83
Common Equity, 1 Yr. Growth %	-	97.68	-95.68	369.16	91.56
Cash From Operations, 1 Yr. Growth %	-	137.02	-53.48	169.52	-65.1
Capital Expenditures, 1 Yr. Growth %	-	14.11	62.02	-60.46	84.34
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-66.07	-89.56	-114.57
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-69.29	-97.7	-2.03K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	25.99	29.58	24.95
Gross Profit, 2 Yr. CAGR %	-	-	34.03	24.67	7.76
EBITDA, 2 Yr. CAGR %	-	-	90.41	-7.34	-31.35
EBITA, 2 Yr. CAGR %	-	-	84.56	-6.43	-29.86
EBIT, 2 Yr. CAGR %	-	-	84.56	-4.75	-26.46
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	87.16	-7.12	-21.52
Net Income, 2 Yr. CAGR %	-	-	87.11	-10.51	-22.8
Normalized Net Income, 2 Yr. CAGR %	-	-	92.73	-14.18	-27.63
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	86.85	-31.82	-41.23
Accounts Receivable, 2 Yr. CAGR %	-	-	2.66	31.49	6.07
Inventory, 2 Yr. CAGR %	-	-	-25	-15.15	13.2
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	38.6	49.69	10.65
Total Assets, 2 Yr. CAGR %	-	-	28.41	4.51	-10.72
Tangible Book Value, 2 Yr. CAGR %	-	-	-68.13	-48.36	194.69
Common Equity, 2 Yr. CAGR %	-	-	-70.78	-52.58	199.33
Cash From Operations, 2 Yr. CAGR %	-	-	5	17.07	-3.42
Capital Expenditures, 2 Yr. CAGR %	-	-	35.97	-14.83	-14.62
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-80.12	-88.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-90.96	-59.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	27.69	26.02
Gross Profit, 3 Yr. CAGR %	-	-	-	32.06	12.2
EBITDA, 3 Yr. CAGR %	-	-	-	27.98	-8.53
EBITA, 3 Yr. CAGR %	-	-	-	26.7	-7.6
EBIT, 3 Yr. CAGR %	-	-	-	28.22	-4.16
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	32.14	-5.6
Net Income, 3 Yr. CAGR %	-	-	-	28.83	-7.39
Normalized Net Income, 3 Yr. CAGR %	-	-	-	25.4	-10.24
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	7.12	-22.69
Accounts Receivable, 3 Yr. CAGR %	-	-	-	23.84	13.89
Inventory, 3 Yr. CAGR %	-	-	-	-11.74	1.56
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	32.36	38.7
Total Assets, 3 Yr. CAGR %	-	-	-	18.29	-1.18
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-19.44	-20.24
Common Equity, 3 Yr. CAGR %	-	-	-	-23.71	-24.55
Cash From Operations, 3 Yr. CAGR %	-	-	-	50.05	-22.02
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-3.46	10.17
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-82.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-61.11