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ECARX (ECX) investor relations material

ECARX Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Achieved a critical inflection point in Q4 2025, marking the start of a new phase of sustainable, profitable growth driven by global expansion and product innovation.

  • Diversified geographic revenue base and solution portfolio, with a focus on becoming a leading global AI technology provider for the automotive industry.

  • Strategic execution and lean operations drove revenue growth and gross margin recovery.

  • Expanded global presence, deepened partnerships, and launched new AI-powered cockpit solutions.

  • Announced CFO transition and raised nearly $200M in proceeds to support R&D and global expansion.

Financial highlights

  • Q4 2025 revenue reached a record $305 million, up 13% year-over-year; full-year revenue was $847.9 million, up 10% from 2024.

  • Net income for Q4 was $2.8 million; operating income was $7 million, a 155% year-over-year improvement.

  • Adjusted EBITDA for Q4 was $22 million, up from $10 million in Q4 2024.

  • Q4 gross profit was $64 million, with a gross margin of 21%.

  • Full-year net loss narrowed to $68.9 million from $137.8 million in 2024; adjusted EBITDA loss improved to $14.4 million from $82.5 million.

Outlook and guidance

  • 2026 revenue guidance is $1.0–$1.1 billion, representing 20–30% year-over-year growth.

  • Committed to maintaining positive operating income throughout 2026.

  • Overseas revenue mix targeted at ≥30% in 2026 and ≥50% by 2030.

  • Q1 2026 expected to be seasonally softer, but full-year order pipeline remains robust.

  • Gross margin for 2026 projected in the 15–18% range, reflecting cost inflation and proactive management.

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Frequently asked questions

ECARX Holdings Inc. is a prominent developer of a automotive computing platform aimed at transforming the global mobility market. The company specializes in creating key products such as infotainment head units, digital cockpits, and vehicle chipset solutions. Additionally, ECARX offers a core operating system and an integrated software stack. The company is headquartered in London, United Kingdom, and its shares are listed on the Nasdaq.

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