ECARX Holdings (ECX) Cost of Revenue (2021 - 2026)
ECARX Holdings (ECX) recorded Cost of Revenue of $213.2 million in the quarter ended Sep 30, 2026, up 39.1% from $153.3 million a year earlier and up 27.7% from the prior quarter.
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ECARX Holdings (ECX) Cost of Revenue (2021 - 2026) Analysis & Trends
On a TTM basis, ECARX Holdings' Cost of Revenue came in at $707.8 million as of Sep 30, 2026, up 24.2% year-over-year; for the year ended Dec 31, 2025, it was $686.6 million, up 12.3% from the prior year.
- Annual Cost of Revenue has increased for five straight years, with a five-year compound annual growth rate of 22.9% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Cost of Revenue came in at $611.43 million in the year ended Dec 31, 2024 (+26.4%), $483.61 million in the year ended Dec 31, 2023 (+30.0%), $372.13 million in the year ended Dec 31, 2022 (+22.3%) and $304.18 million in the year ended Dec 31, 2021 (+24.2%).
- Quarterly Cost of Revenue has ranged from $42.9 million in the quarter ended Jun 30, 2022 to $230.1 million in the quarter ended Dec 31, 2025 over the past five years.
- On a year-over-year basis, Cost of Revenue rose in seven of the last eight quarters, with growth averaging 17.7%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 92.8% in the quarter ended Sep 30, 2024, against a decline of 10.8% in the quarter ended Mar 31, 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $167 million (quarter ended Jun 30, 2026), $97.5 million (quarter ended Mar 31, 2026) and $230.1 million (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Aurora Innovation | 8.82 Bn | 4.07 Bn | -5.00 Mn | 8.00 Mn |
| 2 | Mobileye Global | 4.73 Bn | -970.12 Mn | 261.00 Mn | 231.00 Mn |
| 3 | Pony AI | 1.80 Bn | 1.80 Bn | 6.35 Mn | 29.87 Mn |
| 4 | NightFood Holdings | 1.57 Bn | 1.57 Bn | 1.61 Mn | 833,276.00 |
| 5 | WeRide | 1.37 Bn | -1.67 Bn | 12.76 Mn | 30.29 Mn |
| 6 | Serve Robotics | 278.18 Mn | -576.19 Mn | -7.56 Mn | 10.39 Mn |
| 7 | ECARX Holdings | 269.71 Mn | -20.81 Mn | 16.90 Mn | 213.20 Mn |
| 8 | Securetech Innovations | 248.87 Mn | 248.87 Mn | - | - |
| 9 | Kodiak AI | 229.86 Mn | -278.26 Mn | - | - |
| 10 | Richtech Robotics | 200.45 Mn | -1.08 Bn | 802,000.00 | 571,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 213.20 Mn |
| Jun 30, 2026 | 167.00 Mn |
| Mar 31, 2026 | 97.50 Mn |
| Dec 31, 2025 | 230.10 Mn |
| Sep 30, 2025 | 153.30 Mn |
| Jun 30, 2025 | 117.60 Mn |
| Mar 31, 2025 | 109.30 Mn |
| Dec 31, 2024 | 189.80 Mn |
| Sep 30, 2024 | 149.60 Mn |
| Jun 30, 2024 | 111.80 Mn |
| Mar 31, 2024 | 86.20 Mn |
| Dec 31, 2023 | 164.50 Mn |
| Sep 30, 2023 | 77.60 Mn |
| Jun 30, 2023 | 73.00 Mn |
| Mar 31, 2023 | 68.40 Mn |
| Dec 31, 2022 | 159.40 Mn |
| Sep 30, 2022 | 59.93 Mn |
| Jun 30, 2022 | 42.90 Mn |
| Mar 31, 2022 | 63.70 Mn |
| Dec 31, 2021 | 114.52 Mn |
API Access
ECARX Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ECX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ECX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ECX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();