ECARX (ECX) Q4 2025 Earnings Call Transcript

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Thu, February 12, 2026 astatine 8:16 AM CST 18 min read

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Thursday, February 12, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Ziyu Shen

• Chief Operating Officer — Peter W. Cirino

• Chief Financial Officer — Phil Zhou

• Vice President of Investor Relations — Rene Du

Rene Du: Thank you, Julian. Hello, everyone, and convey you for joining america today. ECARX Holdings, Inc. is transforming vehicles into seamlessly integrated information, communication, and proscription devices. To recognize this imaginativeness of becoming a starring AI exertion supplier successful the automotive industry, we indispensable proactively navigate today's dynamic regulatory and marketplace environment, ensuring we stay compliant and support maturation portion pushing the boundaries of automotive quality globally. By diversifying some our geographic gross basal and our solution portfolio, we are gathering ECARX Holdings, Inc. into a robust, compliant, and astir important, a genuinely planetary business. The 4th fourth was a captious inflection constituent and marks the commencement of our adjacent signifier of sustainable profitable growth.

We delivered nett income of $2,800,000, adjusted EBITDA of $22,000,000, and operating income of $7,000,000, marking our 2nd consecutive 4th of affirmative results arsenic gross deed a humanities precocious of $305,000,000, up 13% twelvemonth implicit year. Gross nett was $64,000,000, up 11% twelvemonth implicit year, with a gross borderline of 21%. These results are a nonstop reflection of the execution of our thin operating strategy, which continues to present a resilient betterment successful gross margin, heighten R&D efficiency, and optimize operating expenses contempt the respective challenges posed by patent argumentation successful the planetary semiconductor proviso chain. We stay firmly connected way to prolong this beardown and profitable momentum into 2026.

Our momentum is being fueled by 2 chiseled engines that are allowing america to unlock maturation opportunities from existing and caller partnerships. First, our computing platforms proceed to thrust beardown income maturation for best-selling models, allowing america to deepen the penetration complaint of our solutions crossed our spouse conveyance lineups and anchor the stableness of our halfway business. Notably, shipments of our Antora bid reached the 1,000,000 portion milestone successful 2025, underscoring the platform's marketplace leadership. With the attraction of Antora shipments expanding wrong our full shipments, our vertical integration capableness allows america to seizure greater worth and structurally heighten our semipermanent profitable maturation trajectory.

Secondly, our globalization strategy continues to amplify our unsocial worth proposition arsenic a halfway exertion spouse worldwide, demonstrating the planetary repeatability and scalability of our solutions to imaginable and existing partners. Our deepened concern with Volkswagen Group successful Latin America is simply a cardinal milestone successful this journey, demonstrating however the Antora level is mounting a planetary modular for intelligent cockpits and driving our planetary expansion. This statement utilizes our level to conscionable divers marketplace needs, with the high-performance Antora 1000 for online brands that integrates our Cloudpeak bundle stack and Google Automotive Services, and the effectual Antora 500 for entry-level segments.