Gasgoo Munich- ECARX reported its full-year 2025 financial results on April 3, delivering double-digit revenue growth and achieving profitability in both the third and fourth quarters. The company marked significant milestones in its global expansion and product commercialization, according to Gasgoo.
Image Source: ECARX
Financial data reveals ECARX generated $847.9 million in total revenue for 2025 — a 10% year-over-year increase. Gross profit came in at $161.3 million, maintaining a gross margin of 19%. The company’s net loss narrowed to $68.9 million, a 50% reduction from $137.8 million in 2024. In the fourth quarter alone, revenue hit $304.7 million, up 13% from a year earlier and a record high for a single quarter. That period also yielded a net profit of $2.8 million, with adjusted EBITDA reaching $21.6 million.
On the cost front, ECARX’s efforts to streamline operations are paying off. Research and development expenses in the fourth quarter of 2025 fell 39% year-over-year, driven by the adoption of AI tools in the development process. Meanwhile, full-year selling, general, and administrative expenses dropped by 14%.
Operationally, a surge in shipments of core products became the primary engine for revenue growth. Shipments of the Antora platform DHU reached 647,000 units in 2025, jumping 150%, while Venado™ module shipments climbed 52% to 1,386,502 units — pushing cumulative shipments past the 3.5 million mark. ECARX’s revenue mix is improving, with sales from automotive computing platforms now the largest contributor. This segment’s share of revenue in the second half of the year rose nearly 10 percentage points compared to the first half.
Global expansion is proceeding steadily. Revenue from international clients accounted for 28% of the total in 2025. By the end of the year, ECARX’s order backlog exceeded $2.5 billion. To date, its solutions have powered more than 11 million vehicles worldwide through partnerships with 18 automakers across 28 brands.
Shen Ziyu, founder and CEO of ECARX, described 2025 as a pivotal year for the company’s transformation. Moving forward, the company plans to leverage the scale advantages of its core platforms, accelerate innovation in AI cockpits and cross-domain software, and drive its global strategy.
