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ECARX (ECX) Financials

ECARX logo
$1.52 -0.07 (-4.40%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$1.55 +0.03 (+1.91%)
As of 05/23/2025 06:06 PM Eastern
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Annual Income Statements for ECARX

Annual Income Statements for ECARX

This table shows ECARX's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Net Income / (Loss) Attributable to Common Shareholders		 -128 -132 -278 -223 -83
Consolidated Net Income / (Loss)		 -136 -143 -233 -184 -68
Net Income / (Loss) Continuing Operations		 -136 -143 -233 -185 -68
Total Pre-Tax Income 		-135 -144 -229 -184 -68
Total Operating Income		 -121 -129 -236 -157 -66
Total Gross Profit		 158 179 144 128 85
Total Revenue		 762 662 516 436 345
Operating Revenue		 762 662 516 436 345
Total Cost of Revenue		 604 483 372 308 260
Operating Cost of Revenue		 604 483 372 308 260
Total Operating Expenses		 279 309 380 285 151
Selling, General & Admin Expense		 106 131 190 95 33
Research & Development Expense		 173 178 193 190 109
Other Operating Expenses / (Income)		 -0.06 -0.75 -3.03 - 0.03
Total Other Income / (Expense), net		 -15 -14 7.27 -27 -1.43
Interest Expense		 18 11 6.46 21 9.09
Interest & Investment Income		 8.56 -1.77 -8.42 1.53 4.40
Other Income / (Expense), net		 -4.78 -1.34 22 -7.52 3.26
Income Tax Expense		 0.20 -0.51 4.21 1.08 0.04
Preferred Stock Dividends Declared		 0.00 0.00 51 38 16
Net Income / (Loss) Attributable to Noncontrolling Interest		 -7.89 -11 -6.23 -0.44 -0.05
Basic Earnings per Share		 ($0.38) ($0.39) ($1.16) ($5.99) ($2.27)
Weighted Average Basic Shares Outstanding		 336.64M 337.41M 239.30M 236.69M 238.59M
Diluted Earnings per Share		 ($0.38) ($0.39) ($1.16) ($5.99) ($2.27)
Weighted Average Diluted Shares Outstanding		 336.64M 337.41M 239.30M 236.69M 238.59M
Weighted Average Basic & Diluted Shares Outstanding		 340.13M 337.95M 337.40M - -

Quarterly Income Statements for ECARX

No quarterly income statements for ECARX are available.

Annual Cash Flow Statements for ECARX

This table details how cash moves in and out of ECARX's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Net Change in Cash & Equivalents		 -32 -43 -13 -2.31 -215
Net Cash From Operating Activities		 -59 -174 -67 -142 -57
Net Cash From Continuing Operating Activities		 -59 -174 -67 -142 -57
Net Income / (Loss) Continuing Operations		 -136 -143 -233 -185 -68
Consolidated Net Income / (Loss)		 -136 -143 -233 -185 -68
Depreciation Expense		 20 12 11 10 9.07
Amortization Expense		 0.29 0.40 0.00 16 8.51
Non-Cash Adjustments To Reconcile Net Income		 27 -24 52 59 -15
Changes in Operating Assets and Liabilities, net		 29 -19 104 -43 8.09
Net Cash From Investing Activities		 -8.21 83 -45 -188 -14
Net Cash From Continuing Investing Activities		 -8.21 83 -45 -188 -14
Purchase of Property, Plant & Equipment		 -16 -8.76 -23 -13 -11
Acquisitions		 -15 0.00 -15 -181 0.00
Purchase of Investments		 -42 -53 -8.30 -7.64 0.00
Sale of Property, Plant & Equipment		 0.22 0.30 0.25 0.00 0.00
Sale and/or Maturity of Investments		 42 34 4.26 14 0.00
Other Investing Activities, net		 22 112 -3.99 0.00 -3.38
Net Cash From Financing Activities		 36 42 95 333 175
Net Cash From Continuing Financing Activities		 36 42 95 333 -142
Repayment of Debt		 -260 -208 -298 -201 -26
Repurchase of Preferred Equity		 -3.00 0.00 0.00 72 -159
Payment of Dividends		 0.00 -11 -20 0.00 0.00
Issuance of Debt		 301 254 362 156 12
Issuance of Preferred Equity		 0.00 0.00 23 506 32
Issuance of Common Equity		 0.00 0.00 6.34 0.00 0.00
Other Financing Activities, net		 -2.65 6.87 22 -198 0.00
Effect of Exchange Rate Changes		 -0.40 5.85 4.19 -5.02 -1.54
Cash Interest Paid		 15 8.99 4.19 4.55 0.45
Cash Income Taxes Paid		 1.75 0.28 0.00 1.97 0.01

Quarterly Cash Flow Statements for ECARX

No quarterly cash flow statements for ECARX are available.

Annual Balance Sheets for ECARX

This table presents ECARX's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021
Total Assets		 517 607 686 622
Total Current Assets		 388 469 559 386
Cash & Equivalents		 44 81 125 138
Restricted Cash		 5.95 3.82 5.94 3.61
Short-Term Investments		 18 19 0.00 -
Note & Lease Receivable		 2.30 7.70 26 22
Accounts Receivable		 223 272 314 156
Inventories, net		 32 23 26 35
Prepaid Expenses		 62 62 62 31
Plant, Property, & Equipment, net		 22 17 20 16
Total Noncurrent Assets		 107 121 107 221
Long-Term Investments		 2.17 42 51 212
Goodwill		 3.52 0.00 - -
Intangible Assets		 42 25 6.50 4.87
Other Noncurrent Operating Assets		 59 53 49 3.43
Total Liabilities & Shareholders' Equity		 517 607 686 622
Total Liabilities		 756 724 691 551
Total Current Liabilities		 702 599 569 474
Short-Term Debt		 270 170 151 166
Accounts Payable		 292 300 245 119
Accrued Expenses		 86 87 114 72
Current Deferred & Payable Income Tax Liabilities		 2.79 2.22 3.13 0.00
Other Current Liabilities		 51 39 57 117
Total Noncurrent Liabilities		 54 125 122 77
Long-Term Debt		 0.00 64 64 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 2.08 0.00 - -
Other Noncurrent Operating Liabilities		 51 61 58 77
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -239 -117 -5.00 -645
Total Preferred & Common Equity		 -241 -129 -28 -644
Total Common Equity		 -241 -129 -28 -669
Common Stock		 851 859 858 -25
Retained Earnings		 -1,042 -940 -831 -645
Treasury Stock		 -1.02 0.00 - -
Accumulated Other Comprehensive Income / (Loss)		 -50 -49 -56 0.95
Noncontrolling Interest		 2.02 12 23 -0.90

Quarterly Balance Sheets for ECARX

No quarterly balance sheets for ECARX are available.

Annual Metrics And Ratios for ECARX

This table displays calculated financial ratios and metrics derived from ECARX's official financial filings.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Growth Metrics		 - - - - -
Revenue Growth		 15.10% 28.17% 18.42% 26.52% 0.00%
EBITDA Growth		 11.06% 41.85% -46.58% -205.42% 0.00%
EBIT Growth		 3.79% 38.95% -30.07% -161.27% 0.00%
NOPAT Growth		 6.49% 45.24% -50.41% -137.05% 0.00%
Net Income Growth		 5.19% 38.62% -26.49% -172.21% 0.00%
EPS Growth		 3.44% 66.20% 80.59% -163.88% 0.00%
Operating Cash Flow Growth		 66.06% -159.63% 53.02% -151.51% 0.00%
Free Cash Flow Firm Growth		 -115.08% 88.84% -4,912.84% 0.00% 0.00%
Invested Capital Growth		 -36.60% -204.97% 123.51% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 20.75% 27.08% 27.90% 29.40% 24.60%
EBITDA Margin		 -13.79% -17.84% -39.33% -31.77% -13.16%
Operating Margin		 -15.86% -19.53% -45.71% -35.99% -19.21%
EBIT Margin		 -16.49% -19.73% -41.42% -37.71% -18.26%
Profit (Net Income) Margin		 -17.80% -21.61% -45.12% -42.24% -19.63%
Tax Burden Percent		 100.15% 99.64% 101.84% 100.35% 100.05%
Interest Burden Percent		 107.77% 109.91% 106.96% 111.62% 107.45%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 76.15% 234.23% -510.06% -191.17% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -1,129.93% 0.00% 0.00%
Operating Return on Assets (OROA)		 -22.37% -20.21% -32.70% -26.42% 0.00%
Return on Assets (ROA)		 -24.15% -22.13% -35.62% -29.60% 0.00%
Return on Common Equity (ROCE)		 79.20% 302.75% 3,892.94% 1,326.95% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 56.25% 110.55% 818.32% 28.61% 0.00%
Net Operating Profit after Tax (NOPAT)		 -85 -90 -165 -110 -46
NOPAT Margin		 -11.10% -13.67% -32.00% -25.19% -13.45%
Net Nonoperating Expense Percent (NNEP)		 35.38% 87.02% -75.16% -69.93% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 -271.18% -77.03% -78.94% - -
Cost of Revenue to Revenue		 79.25% 72.92% 72.10% 70.60% 75.40%
SG&A Expenses to Revenue		 13.97% 19.82% 36.78% 21.87% 9.59%
R&D to Revenue		 22.65% 26.90% 37.42% 43.52% 31.50%
Operating Expenses to Revenue		 36.62% 46.61% 73.61% 65.40% 43.81%
Earnings before Interest and Taxes (EBIT)		 -126 -131 -214 -164 -63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -105 -118 -203 -139 -45
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.94 1.61 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 1.20 1.76 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 -1.13 -2.00 -42.90 1.73 0.00
Long-Term Debt to Equity		 0.00 -0.55 -12.77 0.00 0.00
Financial Leverage		 -0.81 -0.99 -1.97 -2.21 0.00
Leverage Ratio		 -3.15 -10.58 14.32 6.46 0.00
Compound Leverage Factor		 -3.40 -11.63 15.32 7.21 0.00
Debt to Total Capital		 866.21% 199.71% 102.39% 63.30% 0.00%
Short-Term Debt to Total Capital		 866.21% 145.07% 71.92% 63.30% 0.00%
Long-Term Debt to Total Capital		 0.00% 54.64% 30.47% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.48% 10.43% 11.22% 281.89% 0.00%
Common Equity to Total Capital		 -772.69% -110.14% -13.60% -254.72% 0.00%
Debt to EBITDA		 -2.57 -1.99 -1.06 -1.20 0.00
Net Debt to EBITDA		 -1.90 -0.75 -0.16 1.35 0.00
Long-Term Debt to EBITDA		 0.00 -0.54 -0.31 0.00 0.00
Debt to NOPAT		 -3.19 -2.59 -1.30 -1.51 0.00
Net Debt to NOPAT		 -2.36 -0.98 -0.20 1.71 0.00
Long-Term Debt to NOPAT		 0.00 -0.71 -0.39 0.00 0.00
Altman Z-Score		 -2.31 -1.16 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 -4.01% -29.25% 863.23% 794.11% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 0.55 0.78 0.98 0.81 0.00
Quick Ratio		 0.41 0.63 0.82 0.67 0.00
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 -74 -34 -309 6.42 0.00
Operating Cash Flow to CapEx		 -380.55% -2,053.69% -296.58% -1,058.23% -532.52%
Free Cash Flow to Firm to Interest Expense		 -4.04 -3.08 -47.83 0.31 0.00
Operating Cash Flow to Interest Expense		 -3.22 -15.55 -10.36 -6.90 -6.22
Operating Cash Flow Less CapEx to Interest Expense		 -4.06 -16.30 -13.85 -7.55 -7.39
Efficiency Ratios		 - - - - -
Asset Turnover		 1.36 1.02 0.79 0.70 0.00
Accounts Receivable Turnover		 3.07 2.26 2.20 2.79 0.00
Inventory Turnover		 22.08 19.65 12.11 8.79 0.00
Fixed Asset Turnover		 39.10 35.54 28.35 26.94 0.00
Accounts Payable Turnover		 2.04 1.77 2.05 2.58 0.00
Days Sales Outstanding (DSO)		 118.70 161.60 166.09 130.63 0.00
Days Inventory Outstanding (DIO)		 16.53 18.57 30.15 41.55 0.00
Days Payable Outstanding (DPO)		 179.04 206.10 178.45 141.67 0.00
Cash Conversion Cycle (CCC)		 -43.80 -25.92 17.79 30.51 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 -39 -29 27 -116 0.00
Invested Capital Turnover		 -22.45 -974.81 -11.61 -7.50 0.00
Increase / (Decrease) in Invested Capital		 -11 -56 144 -116 0.00
Enterprise Value (EV)		 915 1,167 0.00 0.00 0.00
Market Capitalization		 713 1,066 0.00 0.00 0.00
Book Value per Share		 ($0.71) ($0.38) ($0.12) ($2.83) $0.00
Tangible Book Value per Share		 ($0.85) ($0.46) ($0.15) ($2.85) $0.00
Total Capital		 31 117 209 263 0.00
Total Debt		 270 235 214 166 0.00
Total Long-Term Debt		 0.00 64 64 0.00 0.00
Net Debt		 200 88 32 -188 0.00
Capital Expenditures (CapEx)		 15 8.46 23 13 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -112 -63 9.12 -64 0.00
Debt-free Net Working Capital (DFNWC)		 -44 40 140 77 0.00
Net Working Capital (NWC)		 -314 -130 -11 -89 0.00
Net Nonoperating Expense (NNE)		 51 53 68 74 21
Net Nonoperating Obligations (NNO)		 200 88 32 -213 0.00
Total Depreciation and Amortization (D&A)		 21 12 11 26 18
Debt-free, Cash-free Net Working Capital to Revenue		 -14.73% -9.59% 1.77% -14.67% 0.00%
Debt-free Net Working Capital to Revenue		 -5.78% 6.09% 27.07% 17.75% 0.00%
Net Working Capital to Revenue		 -41.25% -19.66% -2.08% -20.37% 0.00%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 ($0.38) ($2.79) ($7.92) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 336.64M 337.41M 239.30M 0.00 0.00
Adjusted Diluted Earnings per Share		 ($0.38) ($2.79) ($1.15) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 336.64M 337.41M 239.30M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 340.13M 337.95M 337.40M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -85 -90 -165 -110 -46
Normalized NOPAT Margin		 -11.10% -13.67% -32.00% -25.19% -13.45%
Pre Tax Income Margin		 -17.77% -21.69% -44.30% -42.10% -19.62%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -6.86 -11.69 -33.12 -7.97 -6.92
NOPAT to Interest Expense		 -4.62 -8.10 -25.59 -5.32 -5.10
EBIT Less CapEx to Interest Expense		 -7.70 -12.45 -36.62 -8.62 -8.09
NOPAT Less CapEx to Interest Expense		 -5.46 -8.86 -29.08 -5.97 -6.27
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% -7.74% -8.52% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -7.74% -8.52% -0.85% -1.93%

Quarterly Metrics And Ratios for ECARX

No quarterly metrics and ratios for ECARX are available.

Frequently Asked Questions About ECARX's Financials

When does ECARX's fiscal year end?

According to the most recent income statement we have on file, ECARX's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ECARX's net income changed over the last 4 years?

ECARX's net income appears to be on an upward trend, with a most recent value of -$135.61 million in 2024, rising from -$67.67 million in 2020. The previous period was -$143.03 million in 2023. Find out what analysts predict for ECARX in the coming months.

What is ECARX's operating income?
ECARX's total operating income in 2024 was -$120.87 million, based on the following breakdown:
  • Total Gross Profit: $158.12 million
  • Total Operating Expenses: $278.99 million
How has ECARX revenue changed over the last 4 years?

Over the last 4 years, ECARX's total revenue changed from $344.69 million in 2020 to $761.89 million in 2024, a change of 121.0%.

How much debt does ECARX have?

ECARX's total liabilities were at $755.69 million at the end of 2024, a 4.4% increase from 2023, and a 37.1% increase since 2021.

How much cash does ECARX have?

In the past 3 years, ECARX's cash and equivalents has ranged from $44.39 million in 2024 to $137.77 million in 2021, and is currently $44.39 million as of their latest financial filing in 2024.

How has ECARX's book value per share changed over the last 4 years?

Over the last 4 years, ECARX's book value per share changed from 0.00 in 2020 to -0.71 in 2024, a change of -71.3%.


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This page (NASDAQ:ECX) was last updated on 5/25/2025 by MarketBeat.com Staff
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