ECARX Q4 Earnings Call Highlights

ECARX (NASDAQ:ECX) outlined what executives described arsenic a turning constituent successful its profitability trajectory, reporting a 2nd consecutive 4th of affirmative operating income and EBITDA arsenic gross reached a quarterly grounds successful the 4th fourth of 2025. Management attributed the show to higher shipments of its halfway computing platforms, ongoing outgo subject nether a “lean operating strategy,” and expanding planetary partnerships, peculiarly with Volkswagen Group successful Latin America.

Chairman and CEO Ziyu Shen said the 4th fourth marked the commencement of the company’s “next signifier of sustainable, profitable growth.” ECARX reported fourth-quarter nett income of $2.8 million, operating income of $7 million, and adjusted EBITDA of $22 million. Revenue roseate 13% year-over-year to a “historical high” of $305 million, portion gross nett accrued 11% to $64 million, producing a gross borderline of 21%.

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CFO Phil Zhou said fourth-quarter gross exceeded some institution guidance and “market expectations,” and that the beardown decorativeness enabled ECARX to conscionable its 2025 extremity of double-digit yearly gross growth. Full-year 2025 gross was $848 million, up 10% from 2024, according to Zhou.

In the quarter, income of goods gross reached $270 million, up 27% year-over-year. Zhou pointed to accrued shipments of the Antora, Makalu, and Pikes series, which helium said roseate 62% year-over-year successful Q4 and represented 74% of full income of goods revenue. Services gross was $33 cardinal and bundle licence gross was $2 million; Zhou said some reflected task timing alternatively than request issues.

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On expenses, Zhou said operating expenses decreased 19% year-over-year to $57 cardinal successful the 4th quarter. For the afloat year, operating expenses fell 24% to $216 million. He emphasized the institution achieved these efficiencies portion continuing to put successful enlargement and probe and development.

COO Peter Cirino said ECARX shipped astir 910,000 units successful the 4th fourth arsenic the institution “intentionally” accrued volumes to conscionable demand. Cirino said the cumulative fig of vehicles equipped with ECARX technologies reached astir 11 cardinal units arsenic of year-end 2025, up 36% from the anterior year.

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Cirino added that the institution serves 18 OEMs crossed 28 brands worldwide. Management repeatedly characterized execution connected analyzable planetary programs arsenic an expanding competitory vantage arsenic ECARX expands beyond its humanities footprint.