v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 87,118 $ 44,250 [1]
Restricted cash 6,138 5,914 [1]
Short-term investments 31,158 17,882 [2]
Notes receivable 5,958 2,291 [2]
Inventories 62,341 31,865 [2]
Amounts due from related parties, net 53,737 5,007 [2]
Prepayments and other current assets, net 36,383 61,531 [2]
Total current assets 483,175 386,127 [2]
Non-current assets    
Long-term investments, net 61,503 2,164 [2]
Property and equipment, net 26,705 21,855 [2]
Intangible assets, net 40,381 42,204 [2]
Operating lease right-of-use assets 16,770 18,206 [2]
Goodwill 3,686 3,504 [2]
Total non-current assets 179,234 128,216 [2]
Total assets 662,409 514,343 [2]
Current liabilities    
Short-term borrowings 310,659 185,243 [2]
Notes payable 19,311 19,344 [2]
Amounts due to related parties 54,648 24,071 [2]
Operating lease liabilities, current 4,983 5,611 [2]
Convertible notes payable, current 38,819 64,473 [2]
Accrued expenses and other current liabilities 88,875 85,477 [2]
Income tax payable 1,022 2,787 [2]
Total current liabilities 823,004 698,650 [2]
Non-current liabilities    
Long term borrowings 5,587 0 [2]
Convertible notes payable, non-current 60,283 0 [2]
Operating lease liabilities, non-current 15,696 16,696 [2]
Warrant liabilities, non-current 1,125 1,201 [2]
Provisions 17,804 14,993 [2]
Deferred tax liabilities 1,700 2,070 [2]
Total non-current liabilities 122,880 53,396 [2]
Total liabilities 945,884 752,046 [2]
Commitments and contingencies [2]
SHAREHOLDERS’ DEFICIT    
Treasury Stock, Value (30,004) (1,019) [2]
Additional paid-in capital 958,052 895,010 [2]
Accumulated deficit (1,190,495) (1,124,452) [2]
Accumulated other comprehensive loss (20,219) (9,209) [2]
Total deficit attributable to ordinary shareholders of ECARX Holdings Inc. (282,664) (239,668) [2]
Noncontrolling interests (811) 1,965 [2]
Total shareholders’ deficit (283,475) (237,703) [2]
Liabilities and shareholders’ deficit 662,409 514,343 [2]
Class A Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Ordinary Shares 2 2 [2]
Class B Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Ordinary Shares 0 0 [2]
Nonrelated Party    
Current assets    
Accounts receivable 14,806 30,057 [2]
Non-current assets    
Other non-current assets 30,189 3,880 [2]
Current liabilities    
Accounts payable 192,756 220,308 [2]
Contract liabilities, current 123 876 [2]
Non-current liabilities    
Contract liabilities, non-current 0 3 [2]
Other non-current liabilities 20,675 13,349 [2]
Related Party    
Current assets    
Accounts receivable 185,536 187,330 [2]
Amounts due from related parties, net 53,737 5,007
Non-current assets    
Other non-current assets 0 36,403 [2]
Current liabilities    
Accounts payable 104,483 69,967 [2]
Amounts due to related parties 54,648 24,071
Contract liabilities, current 7,325 20,493 [2]
Non-current liabilities    
Contract liabilities, non-current $ 10 $ 5,084 [2]
[1] Restated (refer to Note 2(c))
[2] Restated (refer to Note 2(c))