ECARX Holdings, Inc. (ECX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | 304.7M | 30.88M | 21.58M | 167.99M | 1.97B | 1.39B | 1.26B | 927.9M | 1.87B | 1.09B | 951.71M | 765.1M | 1.53B | 719.8M | 658.09M | 655.9M | 847.1M | 847.1M | 542.43M | 542.43M |
| Revenue Growth % | -84.53% | -97.78% | -98.28% | -81.9% | 5.05% | 27.77% | 32.09% | 21.28% | 22.66% | 51.24% | 44.62% | 16.65% | 80.4% | -15.03% | 21.32% | 20.92% | - | - | - | - |
| Cost of Goods Sold | 241M | 24.2M | 19.28M | 134.66M | 1.55B | 1.15B | 965.74M | 722.6M | 1.44B | 759.1M | 654.03M | 555.2M | 1.1B | 582.1M | 369M | 517M | 586.9M | 586.9M | 394.1M | 394.1M |
| COGS % of Revenue | 79.09% | 78.35% | 89.34% | 80.16% | 78.72% | 82.74% | 76.82% | 77.87% | 76.67% | 69.73% | 68.72% | 72.57% | 71.88% | 80.87% | 56.07% | 78.82% | 69.28% | 69.28% | 72.65% | 72.65% |
| Gross Profit | 63.7M | 6.69M | 2.3M | 33.33M | 418.95M | 240M | 291.39M | 205.3M | 431.63M | 329.5M | 297.68M | 209.9M | 424.8M | 137.7M | 288.8M | 138.9M | 260.2M | 260.2M | 148.33M | 148.33M |
| Gross Margin % | 20.91% | 21.65% | 10.66% | 19.84% | 21.27% | 17.26% | 23.18% | 22.13% | 23.03% | 30.27% | 31.28% | 27.43% | 27.8% | 19.13% | 43.88% | 21.18% | 30.72% | 30.72% | 27.35% | 27.35% |
| Gross Profit Growth % | -84.8% | -97.21% | -99.21% | -83.77% | -2.94% | -27.16% | -2.11% | -2.19% | 1.61% | 139.29% | 3.07% | 51.12% | 63.26% | -47.08% | 94.7% | -6.36% | - | - | - | - |
| Operating Expenses | 56.6M | 6.22M | 8.07M | 57.91M | 59.73M | 79.26M | 71.7M | 459.9M | 728.84M | 569.9M | 466.2M | 423.9M | 987.08M | 364.1M | 625.1M | 449.2M | 556.88M | 556.88M | 351.75M | 351.75M |
| OpEx % of Revenue | 18.58% | 20.15% | 37.37% | 34.47% | 3.03% | 5.7% | 5.7% | 49.56% | 38.88% | 52.35% | 48.99% | 55.4% | 64.59% | 50.58% | 94.99% | 68.49% | 65.74% | 65.74% | 64.85% | 64.85% |
| Selling, General & Admin | 27.5M | 2.58M | 3.36M | 23.39M | 18.09M | 30.18M | 29.9M | 190.5M | 260.76M | 260.6M | 222.5M | 186M | 621.51M | 183.7M | 316M | 136.1M | 322.97M | 195.14M | 108.8M | 108.8M |
| SG&A % of Revenue | 9.03% | 8.37% | 15.58% | 13.92% | 0.92% | 2.17% | 2.38% | 20.53% | 13.91% | 23.94% | 23.38% | 24.31% | 40.67% | 25.52% | 48.02% | 20.75% | 38.13% | 23.04% | 20.06% | 20.06% |
| Research & Development | 29.1M | 3.64M | 4.7M | 34.52M | 41.71M | 49.09M | 41.8M | 269.4M | 473.41M | 309.3M | 243.7M | 237.9M | 386.47M | 180.4M | 309.1M | 313.1M | 361.84M | 361.84M | 242.95M | 242.95M |
| R&D % of Revenue | 9.55% | 11.78% | 21.79% | 20.55% | 2.12% | 3.53% | 3.33% | 29.03% | 25.26% | 28.41% | 25.61% | 31.09% | 25.29% | 25.06% | 46.97% | 47.74% | 42.72% | 42.72% | 44.79% | 44.79% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -63.56K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | -103.5K | 0 | 0 |
| Operating Income | 7.1M | 463.49K | -5.77M | -24.59M | -7.62M | -43.97M | -31.5M | -254.6M | -297.21M | -240.4M | -166M | -214M | -562.28M | -226.4M | -336.3M | -310.3M | -296.67M | -296.67M | -203.42M | -203.42M |
| Operating Margin % | 2.33% | 1.5% | -26.71% | -14.64% | -0.39% | -3.16% | -2.51% | -27.44% | -15.86% | -22.08% | -17.44% | -27.97% | -36.79% | -31.45% | -51.1% | -47.31% | -35.02% | -35.02% | -37.5% | -37.5% |
| Operating Income Growth % | 193.13% | 101.05% | 81.7% | 90.34% | 97.44% | 81.71% | 81.02% | -18.97% | 47.14% | -6.18% | 50.64% | 31.03% | -89.53% | 23.69% | -65.33% | -52.54% | - | - | - | - |
| EBITDA | 12M | 1.01M | -4.99M | -18.99M | 7.87M | -44.35M | -38.7M | -281.5M | -293.3M | -237.9M | -163.4M | -211.4M | -559.35M | -246.7M | -264.5M | -299.52M | -285.6M | -285.6M | -192.86M | -192.86M |
| EBITDA Margin % | 3.94% | 3.27% | -23.13% | -11.31% | 0.4% | -3.19% | -3.08% | -30.34% | -15.65% | -21.85% | -17.17% | -27.63% | -36.6% | -34.27% | -40.19% | -45.66% | -33.71% | -33.71% | -35.55% | -35.55% |
| EBITDA Growth % | 52.54% | 102.28% | 87.1% | 93.25% | 102.68% | 81.36% | 76.32% | -33.16% | 47.56% | 3.57% | 38.22% | 29.42% | -95.85% | 13.62% | -37.15% | -55.31% | - | - | - | - |
| D&A (Non-Cash Add-back) | 4.9M | 547.75K | 772.27K | 5.59M | 0 | 0 | 0 | 0 | 3.91M | 2.5M | 2.6M | 2.6M | 2.94M | 0 | 0 | 10.78M | 11.08M | 11.08M | 10.56M | 10.56M |
| EBIT | 7.1M | 463.49K | -5.77M | -24.59M | 7.87M | -44.35M | -38.7M | -281.5M | -305.51M | -263.2M | -169.7M | -201.1M | -651.1M | -246.7M | -264.5M | -283M | -296.67M | -296.67M | -203.42M | -203.42M |
| Net Interest Income | -9.3M | -308.99K | -653.32K | -3.99M | -54.68M | -22.6M | -2.6M | -15.2M | -13.61M | -14.9M | -10.6M | -9.7M | -19.09M | -9.1M | -4.2M | -6.8M | 29.72K | 21.22K | 3.05K | -51.97M |
| Interest Income | 600K | 210.68K | 119.09K | 728.35K | 5.68M | 5.3M | 700K | 6.1M | 7.6M | 5M | 9.5M | 8.4M | 3.64M | 3.5M | 3.4M | 1.6M | 29.72K | 21.22K | 3.05K | 13.6M |
| Interest Expense | 9.9M | 519.66K | 772.41K | 4.71M | 60.36M | 27.9M | 3.3M | 21.3M | 21.21M | 19.9M | 20.1M | 18.1M | 22.74M | 12.6M | 7.6M | 8.4M | 0 | 0 | 0 | 0 |
| Other Income/Expense | -5.1M | -351.13K | -340.4K | -2.23M | 7.63M | -4.36M | -10.5M | -48.2M | -29.51M | -42.7M | -23.8M | -5.2M | -111.56M | -32.9M | 64.2M | 18.9M | 14.18M | 14.18M | -99.04M | -99.04M |
| Pretax Income | 2M | 112.36K | -6.11M | -26.81M | 11.17K | -48.33M | -42M | -302.8M | -326.72M | -283.1M | -189.8M | -219.2M | -673.84M | -259.3M | -272.1M | -291.4M | -282.49M | -282.49M | -302.46M | -302.46M |
| Pretax Margin % | 0.66% | 0.36% | -28.29% | -15.96% | 0% | -3.47% | -3.34% | -32.63% | -17.43% | -26.01% | -19.94% | -28.65% | -44.09% | -36.02% | -41.35% | -44.43% | -33.35% | -33.35% | -55.76% | -55.76% |
| Income Tax | -800K | -14.04K | 258.26K | 247.36K | 74.67K | 156.87K | 100K | -600K | -3.94M | 26K | 100K | 200K | 12.57M | 1.1M | 7.6M | 300K | 2.72M | 2.72M | 709K | 709K |
| Effective Tax Rate % | -40% | -12.5% | -4.23% | -0.92% | 668.5% | -0.32% | -0.24% | 0.2% | 1.21% | -0.01% | -0.05% | -0.09% | -1.87% | -0.42% | -2.79% | -0.1% | -0.96% | -0.96% | -0.23% | -0.23% |
| Net Income | 2.6M | 56.18K | -6.03M | -25.85M | 62.85K | -46.4M | -39M | -284.7M | -294.79M | -266.8M | -174M | -204.6M | -707.4M | -250.7M | -277.6M | -291.7M | -283.02M | -283.02M | -303.96M | -303.96M |
| Net Margin % | 0.85% | 0.18% | -27.95% | -15.39% | 0% | -3.34% | -3.1% | -30.68% | -15.73% | -24.51% | -18.28% | -26.74% | -46.29% | -34.83% | -42.18% | -44.47% | -33.41% | -33.41% | -56.04% | -56.04% |
| Net Income Growth % | 4037.1% | 100.12% | 84.53% | 90.92% | 100.02% | 82.61% | 77.59% | -39.15% | 58.33% | -6.42% | 37.32% | 29.86% | -149.95% | 11.42% | 8.67% | 4.03% | - | - | - | - |
| Net Income (Continuing) | 2.8M | 900K | -6.36M | -27.06M | -63.49K | -48.49M | -42.1M | -302.2M | -326.6M | -283.1M | -189.9M | -219.4M | -686.41M | -260.4M | -279.7M | -291.7M | -285.21M | -285.21M | -303.17M | -303.17M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -799.79K | -1.1M | 1.1M | 6M | 14.77M | 18M | 4.52M | 55.1M | 86.95M | 114.9M | 131.2M | 0 | 161.94M | 0 | 0 | 0 | 227.78M | 227.78M | 0 | 0 |
| EPS (Diluted) | 0.01 | 0.00 | -0.13 | -0.56 | -0.12 | -0.95 | -0.84 | -0.85 | -0.87 | -0.79 | -0.51 | -0.58 | -3.14 | -5.89 | -0.15 | -5.16 | 0.20 | 1.23 | 1.14 | -0.57 |
| EPS Growth % | 106.25% | 100.13% | 84.52% | 34.12% | 86.21% | -20.25% | -64.71% | -46.55% | 72.29% | 86.59% | -240% | 88.76% | -1670% | -578.86% | -113.16% | -805.26% | - | - | - | - |
| EPS (Basic) | 0.01 | 0.00 | -0.13 | -0.56 | -0.12 | -0.95 | -0.84 | -0.85 | -0.87 | -0.79 | -0.51 | -0.58 | -3.14 | -5.89 | -0.15 | -5.16 | 0.20 | 1.23 | 1.14 | -0.57 |
| Diluted Shares Outstanding | 347.15M | 340.63M | 341.77M | 332.6M | 333.82M | 334.16M | 337.97M | 337.9M | 337.44M | 337.4M | 337.4M | 337.4M | 248.34M | 37.5M | 37.5M | 37.5M | 37.5M | 37.5M | 37.5M | 37.5M |
| Basic Shares Outstanding | 341.03M | 339.03M | 341.77M | 332.6M | 333.82M | 334.16M | 337.97M | 337.9M | 337.44M | 337.4M | 337.4M | 337.4M | 248.34M | 37.5M | 37.5M | 37.5M | 37.5M | 37.5M | 37.5M | 37.5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |