ECARX reported its unaudited financial results for the fourth quarter (Q4) and full year (FY) ended December 31, 2025. For Q4 2025, total revenue reached USD 304.7 million, marking a 13% increase year-over-year. For FY 2025, total revenue was USD 847.9 million, achieving double-digit year-over-year growth. Sales of goods revenue in Q4 2025 amounted to USD 269.5 million, while software license revenue was USD 2 million and service revenue was USD 33.2 million. The company posted a net profit of USD 2.8 million in Q4 2025, its second consecutive quarter of positive net income. For FY 2025, net loss was USD 68.9 million. Basic and diluted loss per ordinary share for FY 2025 were both USD 0.19. The weighted average number of ordinary shares used in computing FY 2025 basic and diluted loss per share were 338,659,826. Cost of goods sold in Q4 2025 was USD 230.1 million, with total cost of revenue at USD 241 million. For the full year, total cost of revenue reached USD 686.6 million. Chairman and CEO Ziyu Shen stated that Q4 marked the start of ECARX’s next phase of sustainable, profitable growth, as the company aims to become a leading AI technology provider for the global automotive industry. The company highlighted record revenue in Q4 and reaffirmed its goal of delivering double-digit annual revenue growth. Liabilities and shareholders’ deficit as of December 31, 2025, stood at USD 662.5 million.

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