ECARX Holdings Inc. reported fourth quarter (Q4) 2025 revenue of USD 305 million, representing a 13% increase year-on-year and marking a historic high for the company. Gross profit for the quarter reached USD 64 million, with a gross margin of 21%. Operating income was USD 7 million, while adjusted EBITDA stood at USD 22 million, reflecting the second consecutive quarter of positive operating income and adjusted EBITDA. The company posted a net loss of USD 6 million for the period. ECARX noted a 62% year-on-year increase in shipments of its Antora, Venado, and Pikes series, serving 18 original equipment manufacturers across 28 vehicle brands as of December 31, 2025. The company highlighted Q4 2025 as a critical inflection point marking the start of its next phase of sustainable and profitable growth. During the period, ECARX secured fresh capital to support its global expansion, including USD 150 million from ATW Partners in October 2025, USD 45.6 million from Geely Investment Holding Ltd. in January 2026, and the completion of a USD 100 million final tranche of convertible notes in February 2026. The company plans to use the funds to build out R&D, delivery, and supply chain capabilities in key growth markets in South America and Southeast Asia. ECARX emphasized its strategic execution and lean operating strategy as drivers for revenue growth and resilient recovery in gross margin. The company maintains a major presence across three continents.

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