ECARX Holdings, Inc.
ECX · Price history
Price at last available close
$0.82
−$0.31 (-27.61%) 1M
2026-10-27
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Company & revenue
About ECARX Holdings, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
ECARX Holdings, Inc., established in 2017, specializes in the conceptualization, engineering, and provision of cutting-edge automotive technology solutions. The company's primary offerings encompass a range of advanced products, including integrated infotainment systems, sophisticated digital dashboards, purpose-built vehicle chipsets, and a complete ecosystem of operating system and software layers. Headquartered in Shanghai, China, the firm also maintains an operational presence with an office in Europe.
How they make money
ECARX generates revenue primarily through the design, development, and sale of automotive intelligent technology solutions, including system-on-a-chip (SoC) modules, central computing platforms, and integrated software. The company operates on a full-stack business model, providing turnkey solutions to global automakers that reduce development complexity and costs for next-generation smart vehicles.
Products & services
Automotive computing platforms, system-on-a-chip (SoC) modules, digital cockpit solutions, and intelligent driving software.
Brands & revenue mix
Proprietary module series for automotive computing.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Automotive Original Equipment Manufacturers (OEMs)Source
Disclosed major customers
- Geely GroupSource
Customer concentration
The company reports significant customer concentration, with a substantial portion of revenue derived from Geely Group and its affiliates for the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Semiconductor Foundries — Unnamed third-party semiconductor manufacturers providing essential chip fabrication services for SoC modules.Source
Business relationships & partnerships
- Volvo Cars — Strategic collaboration for the development and integration of intelligent cockpit and computing technologies in next-generation vehicle architectures.Source
- Lotus — Commercial partnership to supply advanced automotive computing platforms and software solutions for high-performance electric vehicles.Source
Competitors
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Opportunity Score is currently unavailable; Wall Street Score remains independently validated.
The unavailable Opportunity Score is a separate model output. It must not be substituted with zero or inferred from the company score.
Total debt increased 77.8% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
20
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
20
Poor
Financial Strength
37
Business Quality / Moat
0
Management
25
Growth Quality
26
Risk / Durability
5
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
- •Recent buyback activity is present
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for ECX
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can ECX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can ECX fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is ECX's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for ECX to reach sustainable profitability?
- •What future growth or profitability would be needed to justify ECX's current valuation?
Essential Investment Snapshot
Wall Street Score
20
Market Cap
$283.9M
P/E Ratio
-19.8
EPS
$-0.05
52-Week High
$2.70
52-Week Low
$0.88
Beta
1.00
Shares Outstanding
338.7M
Total Revenue
$881.3M
Total Debt
$700.9M
Dividend
No current dividend
Liquidation Value / Share
$-0.74
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ECX
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Negative shareholder equity • Interest coverage is below 2x • Free cash flow is negative
Community Sentiment
0 active · 0 total callsNo personal call yet on ECX.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Full-stack technology integration capabilities.
- +Deep strategic relationship with Geely Group.
Potential downside factors
- −Debt risk (elevated): Negative shareholder equity.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −High customer concentration risk.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
20
Sep 21, 2026
Change
+0.1
points
Current Score
20
Oct 1, 2026
Category Changes
ECX increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
21
Projected Change
+1.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.82
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: -84.9%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | -$172.8M | $847.9M | $5.63B | $4.70B | ···· | ···· | ···· |
| Cost of Revenue | -$147.7M | $686.6M | $4.46B | $3.43B | ···· | ···· | ···· |
| Gross Profit | -$25.2M | $161.3M | $1.17B | $1.27B | ···· | ···· | ···· |
| Research & Development | -$109.0M | $123.3M | $172.6M | $178.4M | ···· | ···· | ···· |
| SG&A Expenses | -$61.2M | $93.8M | $812.8M | $955.1M | ···· | ···· | ···· |
| Operating Expenses | -$175.4M | $211.2M | $2.07B | $2.18B | ···· | ···· | ···· |
| EBITDA | $159.2M | -$19.5M | -$745.6M | -$826.9M | ···· | ···· | ···· |
| Operating Income | $150.2M | -$50.0M | -$895.8M | -$912.7M | ···· | ···· | ···· |
| Interest Expense | $7.3M | $23.8M | $133.8M | $79.3M | ···· | ···· | ···· |
| Income Before Tax | $149.1M | -$67.7M | -$1.00B | -$1.02B | ···· | ···· | ···· |
| Income Tax Expense | -$1.4M | $1.2M | $1.5M | -$3.6M | ···· | ···· | ···· |
| Net Income | $142.4M | -$66.0M | -$947.1M | -$940.4M | ···· | ···· | ···· |
| Basic EPS | $0.44 | $-0.19 | $-2.81 | $-2.79 | ···· | ···· | ···· |
| Basic Shares | 372M | 339M | 337M | 337M | ···· | ···· | ···· |
| Diluted Shares | 372M | 339M | 337M | 337M | ···· | ···· | ···· |
Earnings Summary
Revenue
$225.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.03
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+77.8%
Cash Change
+81.2%
Margin Change
+22.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 45.3%. EPS declined 74.8%. Cash increased 81.2%. Total debt increased 77.8%. Net income margin improved by 22.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · ECX
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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