Danlin Ren

Derek Soderberg

Jiaqi Zhang

Tony Shen

Wei Huang

Bella Lu

Bin Wang

Catherine Sun

Dan Lin Ren

Dash Shen

Jiahui Wang

Shishi Jin

Toni Chen

Xiaoyi Lei

- ECARX Holdings Inc. reported a **6.5% increase** in total revenues to **US$323.3 million** for the six months ended June 30, 2025, compared to the same period in 2024.  **[1861974_0001628280-25-042872_ecarx-20250630.htm:4]**  However, gross profit decreased by **27.0%** to **US$50.0 million**, and gross margin fell from **22.6% to 15.5%**.  **[1861974_0001628280-25-042872_ecarx-20250630.htm:4]** 
- The company's net loss improved to **US$72.6 million** for the six months ended June 30, 2025, from US$84.7 million in the prior year, primarily due to a **15.2% decrease** in total operating expenses to **US$115.2 million**.  **[1861974_0001628280-25-042872_ecarx-20250630.htm:3]** **[1861974_0001628280-25-042872_ecarx-20250630.htm:5]**  Adjusted EBITDA also improved from a loss of US$60.1 million to a loss of **US$44.3 million**.  **[1861974_0001628280-25-042872_ecarx-20250630.htm:6]** 
- As of June 30, 2025, ECARX had an accumulated deficit of **US$1,193.5 million** and its current liabilities exceeded current assets by **US$347.2 million**.  **[1861974_0001628280-25-042872_ecarx-20250630.htm:7]**  The company also reported **US$82.0 million** in net cash used in operating activities for the six months ended June 30, 2025, and concluded that substantial doubt about its ability to continue as a going concern has not been alleviated.  **[1861974_0001628280-25-042872_ecarx-20250630.htm:7]** **[1861974_0001628280-25-042872_ecarx-20250630.htm:8]** 
- The company's total contractual obligations as of June 30, 2025, amounted to **US$339.8 million**, with **US$319.2 million** due in less than one year, including **US$279.2 million** in short-term borrowings from banks and **US$64.9 million** in convertible notes.  **[1861974_0001628280-25-042872_ecarx-20250630.htm:10]**

ECARX Holdings Inc. Reports First Half 2025 Financial Results

ECARX Holdings (ECX)