ECARX Achieves Back-to-Back Quarterly Profits in 2025, Driven by Strong Revenue Growth and Overseas Expansion

In 2025, ECARX Holdings Co., Ltd. reported full-year revenue of $847.9 million, an increase of 10% year-over-year. Revenue for the fourth quarter reached $304.7 million, up 13% year-over-year, marking a record high for a single quarter. The company’s full-year gross profit totaled $161.3 million, with a stable gross margin of 19%. Net income for Q4 2025 was $2.8 million, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at $21.6 million, marking the second consecutive profitable quarter. The full-year net loss narrowed to $68.9 million, a 50% reduction compared to $137.8 million in 2024. On cost management, R&D expenses in Q4 decreased by 39% year-over-year, while full-year sales, general, and administrative expenses declined by 14% year-over-year. The automotive computing platform became the largest revenue contributor, with its share of total revenue rising nearly 10 percentage points in the second half of the year compared to the first half. Core product shipments surged significantly: the Antora intelligent cockpit computing platform recorded annual DHU shipments of 647,000 units, up 150% year-over-year; Venado™ module shipments reached 1,386,502 units, an increase of 52% year-over-year, bringing cumulative shipments to over 3.5 million units; sales of high-value-added products such as ECARX Pikes also rose steadily. As of the end of 2025, the company’s total order backlog exceeded $2.5 billion. Its technology portfolio spans chip modules, intelligent cockpits, ADAS computing platforms, central computing platforms, in-vehicle AI large models, and LiDAR, forming a full-stack, hardware-software integrated solution. Overseas revenue accounted for 28% of total annual revenue. The company operates 13 global centers across China, the UK, the US, Brazil, Singapore, Malaysia, Sweden, and Germany, establishing a localized service network covering Asia, Europe, and the Americas. Its partnerships have expanded into Europe, South America, and Southeast Asia, with its solutions now deployed in multiple global vehicle models.