ECARX Holdings (ECX) Research & Development (2021 - 2026)
ECARX Holdings (ECX) reported Research & Development of -$23.5 million for Q1 2026, up 31.88% on a YoY basis from -$17.8 million in Q1 2025, and up 19.24% quarter-over-quarter from -$29.1 million in Q4 2025.
ECARX Holdings (ECX) Research & Development (2021 - 2026) Analysis & Trends
ECARX Holdings has reported Research & Development for 6 years, with the latest figure at -$23.5 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 31.88% year-over-year to -$23.5 million; the trailing twelve-month figure through Mar 2026 stood at -$112.3 million (up 34.67% YoY), and the FY2025 full-year result was $123.3 million, down 29.47% from the prior year.
- Research & Development for Q1 2026 stood at -$23.5 million, up from -$29.1 million in the prior quarter.
- The five-year high for Research & Development was -$23.5 million in Q1 2026, with the low at -$67.3 million in Q4 2022.
- Historically, Research & Development has averaged -$40.2 million across 5 years, with a median of -$37.3 million in 2024.
- Annual changes were most pronounced in 2023 — Research & Development sank 60.76% — and 2025, when it soared 45.82%.
- ECARX Holdings' Research & Development stood at -$67.3 million in 2022, then increased by 0.89% to -$66.7 million in 2023, then gained by 28.34% to -$47.8 million in 2024, then surged by 39.12% to -$29.1 million in 2025, then gained by 19.24% to -$23.5 million in 2026.
- The last three Research & Development figures came in at -$23.5 million (Q1 2026), -$29.1 million (Q4 2025), and -$25.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.00 Bn | 75.75 Bn | 2.35 Bn | - |
| 2 | Autozone | 51.46 Bn | 51.20 Bn | 2.52 Bn | - |
| 3 | Modine Manufacturing | 15.07 Bn | 14.98 Bn | 186.10 Mn | - |
| 4 | Borgwarner | 14.88 Bn | 15.05 Bn | 677.00 Mn | - |
| 5 | Genuine Parts | 14.73 Bn | 14.25 Bn | 2.34 Bn | - |
| 6 | Aptiv | 13.96 Bn | 10.89 Bn | 920.00 Mn | - |
| 7 | Aurora Innovation | 11.93 Bn | 10.71 Bn | -5.00 Mn | 195.00 Mn |
| 8 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | - |
| 9 | Allison Transmission Holdings | 10.06 Bn | 9.75 Bn | 406.00 Mn | 54.00 Mn |
| 10 | ECARX Holdings | 447.88 Mn | 337.38 Mn | 28.20 Mn | -23.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -23.50 Mn |
| Dec 31, 2025 | -29.10 Mn |
| Sep 30, 2025 | -25.90 Mn |
| Jun 30, 2025 | -33.80 Mn |
| Mar 31, 2025 | -34.50 Mn |
| Dec 31, 2024 | -47.80 Mn |
| Sep 30, 2024 | -47.80 Mn |
| Jun 30, 2024 | -41.80 Mn |
| Mar 31, 2024 | -37.30 Mn |
| Dec 31, 2023 | -66.70 Mn |
| Sep 30, 2023 | -42.40 Mn |
| Jun 30, 2023 | -33.60 Mn |
| Mar 31, 2023 | -29.30 Mn |
| Dec 31, 2022 | -67.30 Mn |
| Sep 30, 2022 | -26.37 Mn |
| Jun 30, 2022 | -46.87 Mn |
| Mar 31, 2022 | -49.33 Mn |
| Dec 31, 2021 | -58.23 Mn |