4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.0% per year over the past 3 years.
Operating margin has expanded, at -6.5% in the latest year.
Financial health
Operating income covered interest expense -2.3× in the latest year, up from -28.7× 3 years ago.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$848M
-$66M
19.0%
-6.5%
-$107M
—
$87M
2024
$772M
-$130M
20.8%
-15.9%
-$76M
—
$44M
2023
$662M
-$133M
27.0%
-19.6%
-$181M
—
$80M
2022
$516M
-$223M
27.8%
-41.2%
-$77M
—
$107M
Valuation over time
How the market has priced ECX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 3.8× (Mar '23) to 0.5× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is ECX growing its revenue and profit?
Over the past 3 years, ECARX Holdings Inc.'s revenue has grown 18.0% per year. These are computed facts, not advice.
How much debt does ECX have?
As of FY2025, ECARX Holdings Inc. reported — of total debt against $87M of cash; operating income covered interest expense -2.3×.
What is ECX's profit margin?
In FY2025, gross margin was 19.0%, operating margin -6.5%, and net margin -7.8%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.