ECARX Holdings (ECX) Research & Development (2021 - 2026)
ECARX Holdings (ECX) recorded Research & Development of $27.5 million in the quarter ended Sep 30, 2026, down 12.4% from $31.4 million a year earlier and down 5.5% from the prior quarter.
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Analysis
ECARX Holdings (ECX) Research & Development (2021 - 2026) Analysis & Trends
On a TTM basis, ECARX Holdings' Research & Development came in at $109.2 million as of Sep 30, 2026, down 26.0% year-over-year; for the year ended Dec 31, 2025, it was $123.34 million, down 29.5% from the prior year.
- Annual Research & Development has a five-year compound annual growth rate of 3.8% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Research & Development came in at $174.86 million in the year ended Dec 31, 2024 (-1.6%), $177.68 million in the year ended Dec 31, 2023 (+1.2%), $175.56 million in the year ended Dec 31, 2022 (-6.4%) and $187.53 million in the year ended Dec 31, 2021 (+83.2%).
- Quarterly Research & Development has ranged from $23.5 million in the quarter ended Mar 31, 2026 to $67.3 million in the quarter ended Dec 31, 2022 over the past five years.
- On a year-over-year basis, Research & Development has declined for eight consecutive quarters, with an average decline of 23.3% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 60.8% in the quarter ended Sep 30, 2023, against a decline of 40.6% in the quarter ended Mar 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $29.1 million (quarter ended Jun 30, 2026), $23.5 million (quarter ended Mar 31, 2026) and $29.1 million (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Aurora Innovation | 9.32 Bn | 4.57 Bn | -5.00 Mn | 203.00 Mn |
| 2 | Mobileye Global | 4.83 Bn | -871.24 Mn | 261.00 Mn | 284.00 Mn |
| 3 | Pony AI | 1.84 Bn | 1.84 Bn | 6.35 Mn | 56.24 Mn |
| 4 | NightFood Holdings | 1.57 Bn | 1.57 Bn | 1.61 Mn | - |
| 5 | WeRide | 1.38 Bn | -1.66 Bn | 12.76 Mn | 63.79 Mn |
| 6 | Serve Robotics | 293.40 Mn | -560.97 Mn | -7.56 Mn | 22.64 Mn |
| 7 | Kodiak AI | 269.63 Mn | -238.49 Mn | - | 22.70 Mn |
| 8 | Securetech Innovations | 265.78 Mn | 265.78 Mn | - | - |
| 9 | ECARX Holdings | 264.26 Mn | -26.26 Mn | 16.90 Mn | 27.50 Mn |
| 10 | Richtech Robotics | 211.98 Mn | -1.07 Bn | 802,000.00 | 950,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.50 Mn |
| Jun 30, 2026 | 29.10 Mn |
| 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 |
API Access
ECARX Holdings Research & Development 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=research-and-development&ticker=ECX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ECX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();