ECARX Holdings (ECXWW) Research & Development (2021 - 2026)

ECARX Holdings (ECXWW) 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 (ECXWW) 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 O Reilly Automotive 75.10 Bn 74.85 Bn 2.35 Bn -
2 Autozone 51.89 Bn 51.61 Bn 2.24 Bn -
3 Borgwarner 15.04 Bn 15.20 Bn 677.00 Mn -
4 Modine Manufacturing 14.67 Bn 14.58 Bn 186.10 Mn -
5 Aptiv 14.58 Bn 11.51 Bn 920.00 Mn -
6 Genuine Parts 13.66 Bn 13.18 Bn 2.34 Bn -
7 Aurora Innovation 11.95 Bn 10.73 Bn -5.00 Mn 195.00 Mn
8 Magna International 10.79 Bn 9.60 Bn 1.42 Bn -
9 Allison Transmission Holdings 9.76 Bn 9.45 Bn 406.00 Mn 54.00 Mn
10 ECARX Holdings - - 28.20 Mn -23.50 Mn

Historic Data

Download Data
DateValue
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