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Side-by-side financial comparison of ECARX Holdings Inc. (ECX) and Privia Health Group, Inc. (PRVA). Click either name above to swap in a different company.

Privia Health Group, Inc. is the larger business by last-quarter revenue ($541.2M vs $323.3M, roughly 1.7× ECARX Holdings Inc.). Privia Health Group, Inc. runs the higher net margin — 1.7% vs -21.4%, a 23.1% gap on every dollar of revenue. On growth, Privia Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 6.5%).

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.

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

ECX vs PRVA — Head-to-Head

Bigger by revenue
PRVA
PRVA
1.7× larger
PRVA
$541.2M
$323.3M
ECX
Growing faster (revenue YoY)
PRVA
PRVA
+10.9% gap
PRVA
17.4%
6.5%
ECX
Higher net margin
PRVA
PRVA
23.1% more per $
PRVA
1.7%
-21.4%
ECX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ECX
ECX
PRVA
PRVA
Revenue
$323.3M
$541.2M
Net Profit
$-69.1M
$9.2M
Gross Margin
15.5%
Operating Margin
-20.2%
2.1%
Net Margin
-21.4%
1.7%
Revenue YoY
6.5%
17.4%
Net Profit YoY
12.8%
108.0%
EPS (diluted)
$-0.20
$0.08

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.

Revenue
ECX
ECX
PRVA
PRVA
Q4 25
$541.2M
Q3 25
$580.4M
Q2 25
$323.3M
$521.2M
Q1 25
$480.1M
Q4 24
$460.9M
Q3 24
$437.9M
Q2 24
$303.5M
$422.3M
Q1 24
$415.2M
Net Profit
ECX
ECX
PRVA
PRVA
Q4 25
$9.2M
Q3 25
$6.9M
Q2 25
$-69.1M
$2.7M
Q1 25
$4.2M
Q4 24
$4.4M
Q3 24
$3.5M
Q2 24
$-79.2M
$3.5M
Q1 24
$3.0M
Gross Margin
ECX
ECX
PRVA
PRVA
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
22.6%
Q1 24
Operating Margin
ECX
ECX
PRVA
PRVA
Q4 25
2.1%
Q3 25
2.5%
Q2 25
-20.2%
0.6%
Q1 25
1.1%
Q4 24
1.1%
Q3 24
1.3%
Q2 24
-22.2%
1.2%
Q1 24
0.2%
Net Margin
ECX
ECX
PRVA
PRVA
Q4 25
1.7%
Q3 25
1.2%
Q2 25
-21.4%
0.5%
Q1 25
0.9%
Q4 24
1.0%
Q3 24
0.8%
Q2 24
-26.1%
0.8%
Q1 24
0.7%
EPS (diluted)
ECX
ECX
PRVA
PRVA
Q4 25
$0.08
Q3 25
$0.05
Q2 25
$-0.20
$0.02
Q1 25
$0.03
Q4 24
$0.03
Q3 24
$0.03
Q2 24
$-0.23
$0.03
Q1 24
$0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ECX
ECX
PRVA
PRVA
Cash + ST InvestmentsLiquidity on hand
$86.2M
$479.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-293.7M
$737.2M
Total Assets
$494.9M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
PRVA
PRVA
Q4 25
$479.7M
Q3 25
$441.4M
Q2 25
$86.2M
$390.1M
Q1 25
$469.3M
Q4 24
$491.1M
Q3 24
$422.0M
Q2 24
$108.4M
$387.4M
Q1 24
$351.1M
Stockholders' Equity
ECX
ECX
PRVA
PRVA
Q4 25
$737.2M
Q3 25
$709.1M
Q2 25
$-293.7M
$682.9M
Q1 25
$659.4M
Q4 24
$635.2M
Q3 24
$614.9M
Q2 24
$-198.5M
$595.4M
Q1 24
$576.8M
Total Assets
ECX
ECX
PRVA
PRVA
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$494.9M
$1.3B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$555.0M
$1.1B
Q1 24
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ECX
ECX
PRVA
PRVA
Operating Cash FlowLast quarter
$-82.0M
$127.5M
Free Cash FlowOCF − Capex
$-86.5M
FCF MarginFCF / Revenue
-26.7%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
13.93×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
PRVA
PRVA
Q4 25
$127.5M
Q3 25
$52.0M
Q2 25
$-82.0M
$8.0M
Q1 25
$-24.1M
Q4 24
$74.8M
Q3 24
$33.2M
Q2 24
$-57.1M
$34.5M
Q1 24
$-33.1M
Free Cash Flow
ECX
ECX
PRVA
PRVA
Q4 25
Q3 25
Q2 25
$-86.5M
Q1 25
Q4 24
Q3 24
Q2 24
$-64.9M
Q1 24
FCF Margin
ECX
ECX
PRVA
PRVA
Q4 25
Q3 25
Q2 25
-26.7%
Q1 25
Q4 24
Q3 24
Q2 24
-21.4%
Q1 24
Capex Intensity
ECX
ECX
PRVA
PRVA
Q4 25
Q3 25
Q2 25
1.4%
Q1 25
Q4 24
Q3 24
Q2 24
2.6%
Q1 24
Cash Conversion
ECX
ECX
PRVA
PRVA
Q4 25
13.93×
Q3 25
7.58×
Q2 25
2.97×
Q1 25
-5.70×
Q4 24
17.00×
Q3 24
9.38×
Q2 24
9.94×
Q1 24
-11.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ECX
ECX

Segment breakdown not available.

PRVA
PRVA

FFS Patient Care$364.4M67%
Capitated Revenue$71.4M13%
Shared Savings$46.9M9%
FFS Administrative Services$36.0M7%
Care Management Fee PMPM$20.0M4%
Other Revenue$2.5M0%

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