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

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $235.9M, roughly 1.4× Vroom, Inc.). ECARX Holdings Inc. runs the higher net margin — -21.4% vs -59.8%, a 38.4% gap on every dollar of revenue. On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs 6.5%). ECARX Holdings Inc. produced more free cash flow last quarter ($-86.5M vs $-108.8M).

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.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

ECX vs VRM — Head-to-Head

Bigger by revenue
ECX
ECX
1.4× larger
ECX
$323.3M
$235.9M
VRM
Growing faster (revenue YoY)
VRM
VRM
+6.4% gap
VRM
12.9%
6.5%
ECX
Higher net margin
ECX
ECX
38.4% more per $
ECX
-21.4%
-59.8%
VRM
More free cash flow
ECX
ECX
$22.3M more FCF
ECX
$-86.5M
$-108.8M
VRM

Income Statement — Q2 FY2025 vs Q4 FY2023

Metric
ECX
ECX
VRM
VRM
Revenue
$323.3M
$235.9M
Net Profit
$-69.1M
$-141.1M
Gross Margin
15.5%
12.3%
Operating Margin
-20.2%
-11.5%
Net Margin
-21.4%
-59.8%
Revenue YoY
6.5%
12.9%
Net Profit YoY
12.8%
-669.8%
EPS (diluted)
$-0.20
$-80.66

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
VRM
VRM
Q2 25
$323.3M
Q2 24
$303.5M
Q4 23
$235.9M
Q3 23
$235.6M
Q2 23
$225.2M
Q1 23
$196.5M
Q4 22
$208.9M
Q3 22
$340.8M
Net Profit
ECX
ECX
VRM
VRM
Q2 25
$-69.1M
Q2 24
$-79.2M
Q4 23
$-141.1M
Q3 23
$-82.7M
Q2 23
$-66.0M
Q1 23
$-74.7M
Q4 22
$24.8M
Q3 22
$-51.1M
Gross Margin
ECX
ECX
VRM
VRM
Q2 25
15.5%
Q2 24
22.6%
Q4 23
12.3%
Q3 23
20.4%
Q2 23
20.4%
Q1 23
19.8%
Q4 22
14.1%
Q3 22
19.8%
Operating Margin
ECX
ECX
VRM
VRM
Q2 25
-20.2%
Q2 24
-22.2%
Q4 23
-11.5%
Q3 23
-18.0%
Q2 23
-23.4%
Q1 23
-34.7%
Q4 22
-37.2%
Q3 22
-22.9%
Net Margin
ECX
ECX
VRM
VRM
Q2 25
-21.4%
Q2 24
-26.1%
Q4 23
-59.8%
Q3 23
-35.1%
Q2 23
-29.3%
Q1 23
-38.0%
Q4 22
11.9%
Q3 22
-15.0%
EPS (diluted)
ECX
ECX
VRM
VRM
Q2 25
$-0.20
Q2 24
$-0.23
Q4 23
$-80.66
Q3 23
$-47.38
Q2 23
$-37.97
Q1 23
$-43.16
Q4 22
Q3 22
$-0.37

Balance Sheet & Financial Strength

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

Metric
ECX
ECX
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$86.2M
$135.6M
Total DebtLower is stronger
$454.2M
Stockholders' EquityBook value
$-293.7M
$127.7M
Total Assets
$494.9M
$1.5B
Debt / EquityLower = less leverage
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECX
ECX
VRM
VRM
Q2 25
$86.2M
Q2 24
$108.4M
Q4 23
$135.6M
Q3 23
$208.6M
Q2 23
$237.9M
Q1 23
$316.7M
Q4 22
$398.9M
Q3 22
$509.7M
Total Debt
ECX
ECX
VRM
VRM
Q2 25
Q2 24
Q4 23
$454.2M
Q3 23
$521.4M
Q2 23
$544.9M
Q1 23
$554.7M
Q4 22
$402.2M
Q3 22
$607.8M
Stockholders' Equity
ECX
ECX
VRM
VRM
Q2 25
$-293.7M
Q2 24
$-198.5M
Q4 23
$127.7M
Q3 23
$263.6M
Q2 23
$343.4M
Q1 23
$407.1M
Q4 22
$479.8M
Q3 22
$445.1M
Total Assets
ECX
ECX
VRM
VRM
Q2 25
$494.9M
Q2 24
$555.0M
Q4 23
$1.5B
Q3 23
$1.6B
Q2 23
$1.6B
Q1 23
$1.7B
Q4 22
$1.6B
Q3 22
$1.8B
Debt / Equity
ECX
ECX
VRM
VRM
Q2 25
Q2 24
Q4 23
3.56×
Q3 23
1.98×
Q2 23
1.59×
Q1 23
1.36×
Q4 22
0.84×
Q3 22
1.37×

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
VRM
VRM
Operating Cash FlowLast quarter
$-82.0M
$-108.1M
Free Cash FlowOCF − Capex
$-86.5M
$-108.8M
FCF MarginFCF / Revenue
-26.7%
-46.1%
Capex IntensityCapex / Revenue
1.4%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECX
ECX
VRM
VRM
Q2 25
$-82.0M
Q2 24
$-57.1M
Q4 23
$-108.1M
Q3 23
$-193.5M
Q2 23
$-147.1M
Q1 23
$-85.0M
Q4 22
$-86.0M
Q3 22
$114.4M
Free Cash Flow
ECX
ECX
VRM
VRM
Q2 25
$-86.5M
Q2 24
$-64.9M
Q4 23
$-108.8M
Q3 23
$-194.2M
Q2 23
$-147.5M
Q1 23
$-85.8M
Q4 22
$-90.2M
Q3 22
$110.5M
FCF Margin
ECX
ECX
VRM
VRM
Q2 25
-26.7%
Q2 24
-21.4%
Q4 23
-46.1%
Q3 23
-82.4%
Q2 23
-65.5%
Q1 23
-43.7%
Q4 22
-43.2%
Q3 22
32.4%
Capex Intensity
ECX
ECX
VRM
VRM
Q2 25
1.4%
Q2 24
2.6%
Q4 23
0.3%
Q3 23
0.3%
Q2 23
0.2%
Q1 23
0.4%
Q4 22
2.0%
Q3 22
1.2%
Cash Conversion
ECX
ECX
VRM
VRM
Q2 25
Q2 24
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
-3.47×
Q3 22

Financial Flow Comparison

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

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