← ECARX Holdings Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($440.0m) | ($1.2b) | ($1.5b) | ($1.0b) | ($989.9m) | ($68.9m) | — | |
| Depreciation and amortization | $59.0m | $65.0m | $67.7m | $85.8m | $148.3m | $19.9m | $24.4m | |
| Deferred income tax benefit | — | — | $0 | ($114k) | ($18.2m) | ($450k) | ($450k) | |
| Share-based compensation | $11.4m | $179.9m | $725.7m | $174.0m | $136.9m | $13.3m | $13.3m | |
| Impairment of property and equipment and intangible assets | $577k | $0 | $0 | $10.2m | $1.7m | $3.4m | — | |
| Loss (gain) from equity method investments | ($148k) | $2.5m | $137.4m | $43.1m | ($40.3m) | ($1.2m) | — | |
| Distributions from equity method investees, return on investment | — | — | — | $0 | $0 | $892k | — | |
| Cash paid for acquisition of equity method investments | — | ($1.3b) | ($79.4m) | $0 | ($53.9m) | $0 | — | |
| Proceeds from sale of equity method investments | — | — | — | $0 | $19.9m | $334k | — | |
| Distributions from equity method investees in excess of cumulative earnings | — | — | — | $0 | $0 | $353k | — | |
| Accounts receivable | — | ($141.3m) | ($307.1m) | ($585.6m) | $281.4m | $13.2m | ($21.3m) | |
| Receivables from partial sale of equity interest in SiEngine | — | — | $0 | $0 | $130.0m | $0 | — | |
| Receivables from shares issued upon exercise of options | — | — | $0 | $0 | $717k | $174k | — | |
| Waiver of loan receivables from a related party under common control | — | — | — | $0 | $0 | $873k | — | |
| Write-down of inventories | $44.1m | $49.5m | $35.4m | $10.6m | $6.7m | $1.3m | — | |
| Inventories | ($9.3m) | ($105.6m) | $56.4m | $11.2m | ($72.8m) | ($31.9m) | ($31.9m) | |
| Accounts payable | — | ($199.4m) | $925.5m | $359.8m | ($25.4m) | $14.3m | $14.3m | |
| Accrued expenses and other current liabilities and income tax payable | — | $188.3m | $204.8m | ($103.3m) | ($104.3m) | ($8.4m) | — | |
| Reversal of provision for prepayments and other current assets | — | $3.2m | ($1.9m) | ($1.3m) | $0 | $0 | — | |
| Prepayments and other current assets and other non-current assets | $32.3m | ($110.0m) | ($222.7m) | ($17.5m) | $148.1m | ($18.5m) | — | |
| Net cash used in operating activities | ($368.0m) |
($872.3m)
-137.02%
|
($405.8m)
+53.48%
|
($1.2b)
-206.44%
|
($430.3m)
+65.40%
|
($94.4m)
+78.06%
|
($94.4m)
0.00%
|
|
| Loss/(gain) on disposal of property and equipment, and intangible assets | $577k | $1.6m | $1.9m | $1.8m | ($465k) | $437k | — | |
| Purchase of property and equipment, and intangible assets | ($69.1m) | ($78.9m) | ($127.8m) | ($62.2m) | ($114.6m) | ($12.2m) | ($12.4m) | |
| Proceeds from disposal of property and equipment, and intangible assets | $577k | $0 | $1.7m | $2.2m | $1.6m | $1.0m | — | |
| Payable for purchase of property and equipment, and intangible assets | $4.1m | $17.9m | $24.2m | $127.6m | $139.6m | $23.9m | — | |
| Cash paid for acquisition of short-term investments | — | $0 | $0 | ($163.9m) | ($294.0m) | ($38.2m) | — | |
| Proceeds from redemption of short-term investments | — | $0 | $0 | $24.0m | $310.0m | $25.8m | — | |
| Payments for available-for-sale debt investments | — | — | — | $0 | $0 | ($43.0m) | — | |
| Net cash (used in) provided by investing activities | ($91.1m) | ($1.4b) | ($283.5m) | $592.1m | ($59.9m) | ($70.5m) | — | |
| Proceeds from short-term borrowings | $76.0m | $947.0m | $1.3b | $1.5b | ($1.6b) | $328.6m | — | |
| Repayment of short-term borrowings | ($167.9m) | ($91.0m) | ($1.3b) | ($1.2b) | ($1.4b) | ($216.6m) | — | |
| Proceeds from long-term borrowings | — | — | — | $0 | $0 | $5.5m | — | |
| Borrowings from related parties | — | $315.2m | $900.0m | $300.0m | $599.0m | $188.5m | — | |
| Repayments of borrowings from related parties | — | ($65.2m) | ($1.0b) | ($300.0m) | ($449.0m) | ($154.0m) | — | |
| Debt assignment and offset with related parties | — | — | — | $0 | $0 | $29.4m | — | |
| Net cash provided by financing activities | $1.1b |
$2.2b
+92.67%
|
$537.8m
-75.48%
|
$296.8m
-44.80%
|
$261.6m
-11.85%
|
$203.9m
-22.08%
|
$62.5m
-69.34%
|
|
| Cash and restricted cash at the beginning of the year | $1.0b | $901.0m | $778.3m | $588.3m | $367.5m | $93.3m | — | |
| Effect of foreign currency exchange rate changes on cash and restricted cash | ($10.0m) | ($32.0m) | $28.9m | $41.3m | ($2.9m) | $4.1m | — | |
| Net decrease in cash and restricted cash | $668.9m | ($102.9m) | ($122.6m) | ($313.2m) | ($231.4m) | $43.1m | — | |
| Restricted cash | — | — | — | $3.8m | $5.9m | $6.1m | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Allowance for credit losses | $360k | $0 | $6.9m | $7.5m | $13.9m | ($1.2m) | — | |
| Reduction of carrying amount of right-of-use assets | — | $0 | $38.1m | $38.8m | $42.1m | $4.5m | — | |
| Change in fair value of equity securities | — | $0 | $16.8m | $22.5m | $44.0m | $221k | — | |
| Accretion of interest expenses | — | — | — | $409k | $289k | $4.4m | — | |
| Change in fair value of warrant liabilities | $39.6m | $111.3m | $3.2m | ($11.7m) | $3.4m | ($76k) | — | |
| Change in fair value of derivative financial assets | — | — | — | $0 | $0 | ($175k) | — | |
| Change in fair value of derivative financial liabilities | — | — | — | $0 | $0 | ($214k) | — | |
| Net unrealized foreign exchange losses/(gains) | — | — | — | $5.7m | $3.4m | ($3.3m) | — | |
| Noncash interest income | — | — | — | $0 | $0 | ($838k) | — | |
| Notes receivable | ($4.0m) | ($19.4m) | ($7.7m) | $74.5m | $42.2m | ($3.7m) | — | |
| Amounts due from related parties | ($2.6m) | ($5.7m) | ($87.0m) | $34.9m | ($11.1m) | ($30.8m) | — | |
| Notes payable | $111.3m | ($144.5m) | $41.1m | ($158.4m) | $132.1m | ($33k) | — | |
| Contract liabilities | — | $349.1m | ($235.5m) | ($261.9m) | ($148.3m) | ($19.0m) | — | |
| Amounts due to related parties | $27.4m | $5.3m | $2.1m | ($7.2m) | ($7.8m) | $20.4m | — | |
| Operating lease liabilities | — | $0 | ($35.2m) | ($21.5m) | ($29.9m) | ($4.7m) | — | |
| Provisions | — | $8.8m | $14.4m | $60.2m | $19.2m | $2.8m | — | |
| Loans and advances to related parties | — | ($28.9m) | ($57.3m) | ($214.0m) | ($10.8m) | ($11.4m) | — | |
| Cash collection of loans to related parties and advances to related parties | — | $90.2m | $29.4m | $214.0m | $17.7m | $5.8m | — | |
| Payments for acquisition, net of cash acquired | — | — | $0 | $0 | ($56.6m) | $0 | — | |
| Cash received from partial sale of equity interest in SiEngine | — | — | — | $0 | $0 | $17.9m | — | |
| Proceeds from sale of Zenseact | — | $0 | $0 | $792.1m | $0 | $0 | — | |
| Payments for equity securities | — | — | — | $0 | $0 | ($17.0m) | — | |
| Acquisition of an entity under common control | — | — | $0 | $0 | ($13.9m) | $0 | — | |
| Cash payment not soon after purchase of intangible assets | — | — | $0 | $0 | ($53.0m) | ($7.4m) | — | |
| Cash paid to acquire noncontrolling interests | $2.9m | $29.0m | $0 | $0 | ($2.4m) | $0 | — | |
| Cash payment not soon after a business acquisition of Hubei Dongjun | — | — | — | $0 | $0 | ($1.6m) | — | |
| Proceeds from employee stock option exercises | — | — | — | $0 | $0 | $256k | — | |
| Proceeds from issuance of ordinary shares | — | — | — | $0 | $0 | $43.2m | — | |
| Cash paid for follow-on public offering cost | ($8.5m) | ($10.0m) | $0 | $0 | $0 | ($622k) | — | |
| Cash paid for repurchase of ordinary shares | — | — | $0 | $0 | ($21.9m) | ($29.0m) | — | |
| Proceeds from issuance of convertible notes | — | $0 | $527.3m | $0 | $0 | $108.5m | — | |
| Payment for issuance costs of convertible notes | — | $0 | ($2.9m) | ($3.4m) | $0 | ($2.3m) | — | |
| Repayments of convertible notes | — | — | ($2.9m) | $0 | $0 | ($65.0m) | — | |
| Cash paid for costs of the Merger | — | $0 | ($137.0m) | ($78.6m) | $0 | ($1.0m) | — | |
| Proceeds from conditional government grants | — | $0 | $0 | $48.8m | $50.0m | $6.9m | — | |
| Cash | — | — | — | $80.3m | $44.2m | $87.1m | ($94.4m) | |
| Income tax paid | $35k | $1.6m | $0 | $2.0m | $12.8m | $3.2m | $1.1m | |
| Interest paid | $2.9m | $29.0m | $32.8m | $63.9m | $112.1m | $23.3m | $13.5m | |
| Transfer of notes receivable as part of consideration to purchase intangible assets | — | $0 | $0 | $50.0m | $0 | $0 | — | |
| Payable for issuance cost of convertible notes payable | — | $0 | $5.6m | $0 | $0 | $2.2m | — | |
| Issuance of ordinary shares through conversion of convertible notes | — | — | — | $0 | $0 | $7.7m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.