v3.26.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 156,157 $ 87,118
Restricted cash 9,258 6,138
Short-term investments 46,694 31,158
Notes receivable 2,901 5,958
Inventories 126,222 62,341
Amounts due from related parties, net 45,811 53,737
Prepayments and other current assets, net 62,001 36,383
Total current assets 697,162 483,175
Non-current assets    
Long-term investments, net 61,629 61,503
Property and equipment, net 32,396 26,705
Intangible assets, net 43,558 40,381
Operating lease right-of-use assets 13,747 16,770
Goodwill 3,790 3,686
Total non-current assets 288,877 179,234
Total assets 986,039 662,409
Current liabilities    
Short-term borrowings 444,844 310,659
Notes payable 21,037 19,311
Amounts due to related parties 91,454 54,648
Operating lease liabilities, current 4,952 4,983
Convertible notes payable, current 24,731 38,819
Accrued expenses and other current liabilities 79,217 88,875
Income tax payable 972 1,022
Total current liabilities 968,547 823,004
Non-current liabilities    
Long term borrowings 111,819 5,587
Convertible notes payable, non-current 101,622 60,283
Operating lease liabilities, non-current 12,778 15,696
Warrant liabilities, non-current 978 1,125
Provisions 18,477 17,804
Deferred tax liabilities 1,749 1,700
Total non-current liabilities 268,613 122,880
Total liabilities 1,237,160 945,884
Commitments and contingencies
Mezzanine equity:    
Redeemable noncontrolling interests 14,761 0
Total mezzanine equity 14,761 0
SHAREHOLDERS’ DEFICIT    
Treasury shares (25,900,751 and 30,771,872 shares held as of December 31, 2025 and June 30, 2026, respectively) (39,911) (30,004)
Additional paid-in capital 1,019,545 958,052
Accumulated deficit (1,213,292) (1,190,495)
Accumulated other comprehensive loss (31,119) (20,219)
Total deficit attributable to ordinary shareholders of ECARX Holdings Inc. (264,775) (282,664)
Noncontrolling interests (1,107) (811)
Total shareholders’ deficit (265,882) (283,475)
Total liabilities, mezzanine equity and shareholders’ deficit 986,039 662,409
Class A Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Ordinary shares 2 2
Class B Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Ordinary shares 0 0
Nonrelated Party    
Current assets    
Accounts receivable 38,416 14,806
Non-current assets    
Other non-current assets 43,386 30,189
Current liabilities    
Accounts payable 251,446 192,756
Contract liabilities, current 125 123
Non-current liabilities    
Other non-current liabilities – third parties 21,188 20,675
Related Party    
Current assets    
Accounts receivable 209,702 185,536
Amounts due from related parties, net 45,811 53,737
Non-current assets    
Other non-current assets 90,371 0
Current liabilities    
Accounts payable 45,939 104,483
Amounts due to related parties 91,454 54,648
Contract liabilities, current 3,830 7,325
Non-current liabilities    
Contract liabilities, non-current $ 2 $ 10