ECARX Posts 10% Revenue Growth to $848M, Achieves Q4 Profitability
ECARX reported 2025 revenue of $847.9 million, up 10% year-over-year, with gross profit of $161.3 million and a 19% margin, driven by record Antora platform shipments and leading cockpit domain controller sales in China. The company achieved its first consecutive profitable quarters, delivering Q4 net income of $2.8 million, halved its annual net loss to $68.9 million, tightened R&D and SG&A costs, and grew its global order backlog past $2.5 billion.
1. Financial Overview
ECARX closed fiscal 2025 with $847.9 million in total revenue, marking a 10% increase over 2024, and generated $161.3 million in gross profit at a stable 19% margin. Net loss narrowed by 50% to $68.9 million, reflecting supply-chain optimizations and cost-control measures.
2. Q4 Profitability Milestone
In Q4 2025, revenue reached a record $304.7 million, up 13% year-over-year, with net income of $2.8 million and adjusted EBITDA of $21.6 million. These results represent the company’s first back-to-back profitable quarters since its NASDAQ listing.
3. Operational and Global Highlights
Antora® platform DHU shipments surged 150% to 647,000 units, while Venado module deliveries rose 52% to 13.8 million units. R&D expenses fell 39% in Q4 and SG&A declined 14% for the full year, overseas revenue comprised 28% of total sales, and order backlog exceeded $2.5 billion.