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Jun 30
ECARX Q2 2025 Earnings Report
ECARX reported a net loss in Q2 2025 despite maintaining solid revenues and reducing operating expenses.
Key Takeaways
Revenue reached $155.6 million while net loss widened to $45.4 million due to margin pressures and declines in software and service revenue.
Revenue was $155.6 million, driven by increased sales of automotive computing platforms.
Net loss widened to $45.4 million from $42.1 million YoY.
Operating expenses declined by 20% to $57.2 million, reflecting efficiency efforts.
Antora® series shipments surged 112% YoY to 135,000 units.
ECARX
ECARX
ECARX Revenue by Segment
Revenue by Segment
Sales of Goods Revenue
CapyFin.comSoftware License Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
ECARX expects to reach EBITDA breakeven in each remaining quarter of 2025, with nearly 20% revenue growth for the year.
Positive Outlook
- Antora® shipments grew 112% YoY, signaling strong product demand.
- Operating expenses reduced by 20%, boosting efficiency.
- Global expansion including new Singapore HQ is underway.
- Partnerships with top automakers and robotics firms are growing.
- Lidar technology selected by non-automotive partner, diversifying revenue streams.
Challenges Ahead
- Gross margin fell significantly to 11%.
- Software license revenue dropped 85% YoY.
- Service revenue declined 34% YoY.
- Net loss increased compared to prior year.
- High dependency on pricing strategies may compress future margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income