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ECARX (ECX) Revenue & Revenue Breakdown

OverviewFinancialsChartTranscripts

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

DateRevenueChange
2023-12-31$4.67B31.18%
2022-12-31$3.56B28.00%
2021-12-31$2.78B24.01%
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

DateRevenueChange
2024-03-31$927.90M-50.35%
2023-12-31$1.87B73.03%
2023-09-30$1.08B13.41%
2023-06-30$952.30M24.83%
2023-03-31$762.90M-50.03%
2022-12-31$1.53B112.10%
2022-09-30$719.80M9.43%
2022-06-30$657.80M0.29%
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/ServiceDec 23Dec 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

TickerCompanyLast Year RevenueLast Quarter Revenue
LEALear$23.47B$5.59B
ADNTAdient$14.69B$3.72B
LKQLKQ$13.87B$3.58B
AXLAmerican Axle & Manufacturing$6.08B$1.50B
ECXECARX$4.67B$927.90M
CPSCooper-Standard$2.82B$685.35M
GNTXGentex$2.30B$608.53M
DORMDorman Products$1.93B$503.77M
FOXFFox Factory$1.46B$359.12M
SMPStandard Motor Products$1.36B$399.26M
MNROMonro$1.28B$496.40M
CVGICommercial Vehicle Group$994.68M$171.77M
SRIStoneridge$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.