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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $62.2M, roughly 5.2× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 6.5%). Ouster, Inc. produced more free cash flow last quarter ($-37.2M vs $-86.5M).
ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
ECX vs OUST — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $323.3M | $62.2M |
| Net Profit | $-69.1M | — |
| Gross Margin | 15.5% | 60.2% |
| Operating Margin | -20.2% | 1.5% |
| Net Margin | -21.4% | — |
| Revenue YoY | 6.5% | 106.6% |
| Net Profit YoY | 12.8% | — |
| EPS (diluted) | $-0.20 | $0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $62.2M | ||
| Q3 25 | — | $39.5M | ||
| Q2 25 | $323.3M | $35.0M | ||
| Q1 25 | — | $32.6M | ||
| Q4 24 | — | $30.1M | ||
| Q3 24 | — | $28.1M | ||
| Q2 24 | $303.5M | $27.0M | ||
| Q1 24 | — | $25.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-21.7M | ||
| Q2 25 | $-69.1M | $-20.6M | ||
| Q1 25 | — | $-22.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-25.6M | ||
| Q2 24 | $-79.2M | $-23.9M | ||
| Q1 24 | — | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | 15.5% | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | 22.6% | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | -61.4% | ||
| Q2 25 | -20.2% | -76.5% | ||
| Q1 25 | — | -73.0% | ||
| Q4 24 | — | -85.1% | ||
| Q3 24 | — | -98.0% | ||
| Q2 24 | -22.2% | -93.6% | ||
| Q1 24 | — | -99.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | -55.0% | ||
| Q2 25 | -21.4% | -58.8% | ||
| Q1 25 | — | -67.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -91.1% | ||
| Q2 24 | -26.1% | -88.4% | ||
| Q1 24 | — | -91.9% |
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | $-0.20 | $-0.38 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-0.54 | ||
| Q2 24 | $-0.23 | $-0.53 | ||
| Q1 24 | — | $-0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.2M | $208.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-293.7M | $261.7M |
| Total Assets | $494.9M | $349.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $208.6M | ||
| Q3 25 | — | $244.5M | ||
| Q2 25 | $86.2M | $226.5M | ||
| Q1 25 | — | $168.2M | ||
| Q4 24 | — | $172.0M | ||
| Q3 24 | — | $151.4M | ||
| Q2 24 | $108.4M | $184.2M | ||
| Q1 24 | — | $187.8M |
| Q4 25 | — | $261.7M | ||
| Q3 25 | — | $247.4M | ||
| Q2 25 | $-293.7M | $221.0M | ||
| Q1 25 | — | $167.9M | ||
| Q4 24 | — | $180.9M | ||
| Q3 24 | — | $171.7M | ||
| Q2 24 | $-198.5M | $170.6M | ||
| Q1 24 | — | $167.2M |
| Q4 25 | — | $349.5M | ||
| Q3 25 | — | $353.8M | ||
| Q2 25 | $494.9M | $321.8M | ||
| Q1 25 | — | $268.6M | ||
| Q4 24 | — | $276.1M | ||
| Q3 24 | — | $255.2M | ||
| Q2 24 | $555.0M | $309.9M | ||
| Q1 24 | — | $317.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-82.0M | $-15.4M |
| Free Cash FlowOCF − Capex | $-86.5M | $-37.2M |
| FCF MarginFCF / Revenue | -26.7% | -59.8% |
| Capex IntensityCapex / Revenue | 1.4% | 35.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-15.4M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | $-82.0M | $-1.3M | ||
| Q1 25 | — | $-4.9M | ||
| Q4 24 | — | $-2.6M | ||
| Q3 24 | — | $-3.8M | ||
| Q2 24 | $-57.1M | $-21.6M | ||
| Q1 24 | — | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | $-86.5M | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | $-64.9M | $-22.0M | ||
| Q1 24 | — | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | -26.7% | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | -21.4% | -81.5% | ||
| Q1 24 | — | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 1.4% | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 2.6% | 1.3% | ||
| Q1 24 | — | 5.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
