ECARX (ECX) Revenue & Revenue Breakdown
ECARX Revenue Highlights
Latest Revenue (Y)
$4.67B
Latest Revenue (Q)
$927.90M
Main Segment (Y)
Product
ECARX Revenue by Period
ECARX Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $4.67B | 31.18% |
| 2022-12-31 | $3.56B | 28.00% |
| 2021-12-31 | $2.78B | 24.01% |
| 2020-12-31 | $2.24B | - |
ECARX generated $4.67B in revenue during NA 2023, up 31.18% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
ECARX Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $927.90M | -50.35% |
| 2023-12-31 | $1.87B | 73.03% |
| 2023-09-30 | $1.08B | 13.41% |
| 2023-06-30 | $952.30M | 24.83% |
| 2023-03-31 | $762.90M | -50.03% |
| 2022-12-31 | $1.53B | 112.10% |
| 2022-09-30 | $719.80M | 9.43% |
| 2022-06-30 | $657.80M | 0.29% |
| 2022-03-31 | $655.90M | - |
ECARX generated $927.90M in revenue during Q1 2024, up -50.35% compared to the previous quarter, and up 60.78% compared to the same period a year ago.
ECARX Revenue Breakdown
ECARX Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| Service, Other | $42.62M | $36.92M |
| License | $444.83M | $404.47M |
| Product | $3.31B | $1.66B |
| Service | $909.81M | $716.07M |
ECARX's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (70.33%), Service (19.32%), License (9.45%), and Service, Other (0.91%).
ECARX Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| LEA | Lear | $23.47B | $5.59B |
| ADNT | Adient | $15.39B | $3.72B |
| LKQ | LKQ | $13.87B | $3.58B |
| AXL | American Axle & Manufacturing | $6.08B | $1.63B |
| ECX | ECARX | $4.67B | $927.90M |
| CPS | Cooper-Standard | $2.82B | $685.35M |
| GNTX | Gentex | $2.30B | $608.53M |
| DORM | Dorman Products | $1.93B | $503.77M |
| FOXF | Fox Factory | $1.46B | $359.12M |
| SMP | Standard Motor Products | $1.36B | $399.26M |
| MNRO | Monro | $1.28B | $496.40M |
| CVGI | Commercial Vehicle Group | $994.68M | $229.91M |
| SRI | Stoneridge | $975.82M | $213.83M |
ECX Revenue FAQ
What is ECARX’s yearly revenue?
ECARX's yearly revenue for 2023 was $4.67B, representing an increase of 31.18% compared to 2022. The company's yearly revenue for 2022 was $3.56B, representing an increase of 28.00% compared to 2021. ECX's yearly revenue for 2021 was $2.78B, representing an increase of 24.01% compared to 2020.
What is ECARX’s quarterly revenue?
ECARX's quarterly revenue for Q1 2024 was $927.9M, a -50.35% decrease from the previous quarter (Q4 2023), and a 21.63% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $1.87B, a 73.03% increase from the previous quarter (Q3 2023), and a 22.40% increase year-over-year (Q4 2022). ECX's quarterly revenue for Q3 2023 was $1.08B, a 13.41% increase from the previous quarter (Q2 2023), and a 50.04% increase year-over-year (Q3 2022).
What is ECARX’s revenue growth rate?
ECARX's revenue growth rate for the last 3 years (2021-2023) was 67.90%
What are ECARX’s revenue streams?
ECARX's revenue streams in c 23 are Service, Other, License, Product, and Service. Service, Other generated $42.62M in revenue, accounting 0.91% of the company's total revenue, up 15.45% year-over-year. License generated $444.83M in revenue, accounting 9.45% of the company's total revenue, up 9.98% year-over-year. Product generated $3.31B in revenue, accounting 70.33% of the company's total revenue, up 99.09% year-over-year. Service generated $909.81M in revenue, accounting 19.32% of the company's total revenue, up 27.06% year-over-year.
What is ECARX’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of ECARX was Product. This segment made a revenue of $3.31B, representing 70.33% of the company's total revenue.