Global mobility technology provider ECARX posted its first-ever quarterly net profit in the third quarter of 2025, marking a major milestone since its public listing.
Revenue for the period reached $219.9 million, up 11% year-on-year and 41% from the previous quarter, supported by strong shipment growth and improved gross margins.
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Total shipments climbed to about 667,000 units in Q3, an increase of 51% from a year earlier. This included a record 196,000 units from the Antora series, powered by SiEngine’s SE1000 system-on-chip. The company also ramped up large-scale production of its Pikes computing platform, which uses the Qualcomm Snapdragon 8295 chipset.
ECARX reported $8.3 million in adjusted EBITDA and a net profit of $0.9 million for the quarter. The company attributed the turnaround to global business expansion, vertical integration, and greater supply chain efficiency.
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During the quarter, ECARX secured a second program with a major European automaker, adding roughly $400 million in lifetime revenue to its order pipeline. Its technologies now power about 10 million vehicles globally.
To support further growth, ECARX entered into an agreement to issue up to $150 million in convertible notes to ATW Partners, with proceeds aimed at advancing international expansion and product development.