ECARX Holdings Inc (ECX) saw its stock surge 5.16% in pre-market trading on Monday, following the release of its impressive third-quarter 2025 financial results. The automotive technology provider reported its first-ever quarterly profit, marking a significant turnaround in its financial performance.
According to the unaudited financial results, ECARX posted a net profit of $0.9 million for Q3 2025, a substantial improvement from the $47.2 million net loss recorded in the same period last year. The company's revenue grew by 11% year-over-year to $219.9 million, driven by higher shipment volumes and increased service revenue. Notably, the gross margin expanded to 22%, up from 17% in the previous year, reflecting improved operational efficiency and product mix.
ECARX's strong performance can be attributed to several factors, including the record-high shipments of its Antora series products and the successful mass production launch of its Pikes computing platform. The company's focus on global expansion and enhanced supply chain efficiency has also contributed to its improved financial results. Additionally, ECARX secured new partnerships, including a second project with a leading European automaker worth $400 million in lifetime revenue. The company's total order backlog now exceeds $2.5 billion, underscoring its strong growth momentum.
Ziyu Shen, ECARX Chairman and CEO, commented on the results, stating, "We have delivered on our commitment to achieving EBITDA breakeven and becoming profitable. Moreover, we have recently entered into an agreement to issue up to $150 million in convertible notes, which will provide more liquidity to fuel our international expansion and drive product innovation."
As ECARX continues to strengthen its position in the automotive technology sector, investors appear optimistic about the company's future prospects, as reflected in the pre-market stock surge.
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