NASDAQ : LOT
Lotus Technology Inc. — Financial statements
Consumer Discretionary · Auto Manufacturers · China
Last price 0.393 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 254.23M
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Financial statements
Lotus Technology Inc. (LOT) reported revenue of 568.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 568.87M | 519.10M | 924.35M | 679.01M | 9.56M | 3.69M |
| Cost of Revenue | 515.24M | 473.89M | 894.72M | 576.83M | 7.25M | 3.13M |
| Gross Profit | 53.64M | 45.21M | 29.63M | 102.18M | 2.31M | 557.00K |
| Selling, General & Admin | 270.87M | 284.11M | 549.78M | 473.47M | 299.70M | 92.83M |
| Research & Development | 77.09M | 170.96M | 274.80M | 368.73M | 445.84M | 511.36M |
| Other Operating Expenses | -37.44M | -38.46M | -8.64M | -4.08M | -55.82M | -490.69M |
| Operating Expenses | 310.52M | 416.61M | 815.95M | 838.12M | 689.72M | 113.50M |
| Operating Income | -256.89M | -371.40M | -786.32M | -735.94M | -687.41M | -112.94M |
| Interest Expense | -64.00M | -63.34M | -58.22M | -10.20M | -8.54M | -3.62M |
| Interest & Investment Income | 31.53M | 38.88M | 36.52M | 9.20M | 12.19M | 8.45M |
| Earnings From Equity Investments | -4.96M | 1.99M | -171.00K | -1.05M | -2.76M | |
| Currency Exchange Gain (Loss) | -36.63M | 25.71M | -11.66M | 42.00K | -11.51M | 798.00K |
| Other Non Operating Income (Expenses) | 29.82M | -28.32M | -285.42M | -10.04M | -22.99M | -1.37M |
| EBT Excluding Unusual Items | -301.14M | -396.48M | -1.11B | -747.98M | -721.02M | -108.68M |
| Gain (Loss) on Sale of Investments | -453.00K | -1.16M | -3.25M | |||
| Asset Writedown | -296.00K | -51.80M | ||||
| Pretax Income | -301.88M | -448.28M | -1.11B | -749.14M | -724.27M | -108.68M |
| Income Tax Expense | 239.00K | 15.95M | 2.01M | 1.11M | 292.00K | 1.85M |
| Earnings From Continuing Operations | -302.12M | -464.22M | -1.11B | -750.25M | -724.56M | -110.53M |
| Minority Interest in Earnings | 2.00K | 2.36M | 8.25M | 642.00K | ||
| Net Income | -302.12M | -464.22M | -1.10B | -742.00M | -723.92M | -110.53M |
| Preferred Dividends & Other Adjustments | 2.98M | 15.12M | 910.00K | |||
| Net Income to Common | -302.12M | -464.22M | -1.11B | -757.12M | -724.83M | -110.53M |
| Shares Outstanding (Basic) | 641.64M | 648.54M | 645.23M | 474.62M | 475.81M | 334.13M |
| Shares Outstanding (Diluted) | 641.64M | 648.54M | 645.23M | 474.62M | 475.81M | 334.13M |
| EPS (Basic) | -0.47 | -0.72 | -1.72 | -1.60 | -1.52 | -0.33 |
| EPS (Diluted) | -0.47 | -0.72 | -1.72 | -1.60 | -1.52 | -0.33 |
| Free Cash Flow | -273.60M | -413.34M | -905.86M | -600.65M | -484.76M | -161.09M |
| Free Cash Flow Per Share | -0.43 | -0.64 | -1.40 | -1.27 | -1.02 | -0.48 |
| Gross Margin | 9.43% | 8.71% | 3.21% | 15.05% | 24.14% | 15.11% |
| Operating Margin | -45.16% | -71.55% | -85.07% | -108.38% | -7,192.77% | -3,063.25% |
| Profit Margin | -53.11% | -89.43% | -119.86% | -111.50% | -7,584.29% | -2,997.86% |
| Free Cash Flow Margin | -48.09% | -79.63% | -98.00% | -88.46% | -5,072.35% | -4,369.27% |
| EBITDA | -210.88M | -316.66M | -709.83M | -680.98M | -674.62M | -110.89M |
| EBITDA Margin | -37.07% | -61.00% | -76.79% | -100.29% | ||
| D&A For EBITDA | 46.01M | 54.74M | 76.49M | 54.96M | 12.79M | 2.06M |
| EBIT | -256.89M | -371.40M | -786.32M | -735.94M | -687.41M | -112.94M |
| EBIT Margin | -45.16% | -71.55% | -85.07% | -108.38% | ||
| Revenue as Reported | 568.87M | 519.10M | 924.35M | 679.01M | 9.56M | 3.69M |
| Advertising Expenses | 37.20M | 134.61M | 150.92M | 90.43M | 21.21M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 80.38M | 73.43M | 103.07M | 418.94M | 736.61M | 531.45M |
| Short-Term Investments | 2.20M | 2.73M | 3.42M | 4.00M | 3.75M | 969.00K |
| Cash & Short-Term Investments | 82.58M | 76.16M | 106.49M | 422.94M | 740.35M | 532.42M |
| Accounts Receivable | 90.32M | 150.98M | 224.89M | 99.09M | 8.66M | 5.88M |
| Other Receivables | 27.91M | 10.48M | 26.81M | 4.39M | 244.00K | 427.25M |
| Receivables | 123.01M | 184.22M | 270.73M | 106.49M | 11.27M | 433.13M |
| Inventory | 253.77M | 204.66M | 221.79M | 286.59M | 28.82M | 1.98M |
| Restricted Cash | 269.59M | 375.87M | 379.29M | 7.87M | 2.39M | |
| Other Current Assets | 80.41M | 70.19M | 64.64M | 59.81M | 40.63M | 58.04M |
| Total Current Assets | 809.37M | 911.09M | 1.04B | 883.71M | 823.46M | 1.03B |
| Property, Plant & Equipment | 274.48M | 345.74M | 460.48M | 527.72M | 412.19M | 167.43M |
| Long-Term Investments | 58.30M | 48.00M | 9.72M | 7.79M | 8.65M | |
| Other Intangible Assets | 116.37M | 116.47M | 116.50M | 116.36M | 116.36M | 116.12M |
| Other Long-Term Assets | 276.94M | 179.96M | 386.49M | 49.09M | 11.28M | 8.19M |
| Total Assets | 1.90B | 1.95B | 2.29B | 1.58B | 1.37B | 1.32B |
| Accounts Payable | 752.23M | 566.14M | 497.67M | 605.46M | 178.86M | 157.78M |
| Accrued Expenses | 151.94M | 178.97M | 274.39M | 273.00M | 206.32M | 90.12M |
| Short-Term Debt | 1.47B | 1.39B | 916.43M | 247.05M | 28.75M | 34.71M |
| Current Portion of Long-Term Debt | 378.64M | 355.32M | 126.42M | |||
| Current Portion of Leases | 10.81M | 13.23M | 15.12M | 17.60M | 15.83M | 10.29M |
| Current Unearned Revenue | 30.95M | 18.69M | 34.11M | 44.19M | 7.85M | 6.00K |
| Other Current Liabilities | 99.51M | 231.14M | 729.67M | 191.35M | 139.95M | 312.41M |
| Total Current Liabilities | 2.52B | 2.40B | 2.47B | 1.76B | 932.88M | 731.73M |
| Long-Term Debt | 266.62M | 377.51M | 177.25M | 157.31M | 148.56M | |
| Long-Term Leases | 49.87M | 60.68M | 79.06M | 103.99M | 99.13M | 47.64M |
| Long-Term Unearned Revenue | 337.91M | 319.37M | 302.61M | 276.34M | 258.45M | 342.23M |
| Long-Term Deferred Tax Liabilities | 698.00K | 126.00K | 141.00K | |||
| Other Long-Term Liabilities | 59.37M | 126.66M | 119.58M | 116.92M | 17.41M | 251.00K |
| Total Liabilities | 3.23B | 3.28B | 3.15B | 2.41B | 1.46B | 1.12B |
| Common Stock | 7.00K | 7.00K | 7.00K | 21.00K | 21.00K | 22.00K |
| Additional Paid-In Capital | 2.12B | 1.93B | 1.79B | 358.19M | 403.10M | 424.41M |
| Retained Earnings | -3.31B | -3.16B | -2.69B | -1.59B | -846.76M | -122.84M |
| Treasury Stock | -130.92M | -138.40M | ||||
| Comprehensive Income & Other | -4.77M | 39.82M | 55.16M | 25.27M | -8.74M | -106.28M |
| Total Common Equity | -1.33B | -1.32B | -852.86M | -1.21B | -452.37M | 195.32M |
| Minority Interest | -2.84M | -7.75M | -7.36M | -5.40M | -642.00K | |
| Shareholders' Equity | -1.33B | -1.33B | -860.23M | -827.17M | -84.61M | 195.32M |
| Total Liabilities & Equity | 1.90B | 1.95B | 2.29B | 1.58B | 1.37B | 1.32B |
| Total Debt | 1.80B | 1.84B | 1.19B | 904.59M | 647.59M | 219.06M |
| Net Cash (Debt) | -1.72B | -1.76B | -1.08B | -478.33M | 101.17M | 313.36M |
| Net Cash Per Share | -2.68 | -2.72 | -1.67 | -1.01 | 0.21 | 0.94 |
| Filing Date Shares Outstanding | 646.89M | 642.09M | 678.24M | 676.74M | 2.14B | 2.17B |
| Total Common Shares Outstanding | 646.89M | 640.67M | 676.83M | 474.62M | 2.14B | 2.17B |
| Working Capital | -1.71B | -1.49B | -1.42B | -873.57M | -109.42M | 293.84M |
| Book Value Per Share | -2.05 | -2.06 | -1.26 | -2.54 | -0.21 | 0.09 |
| Tangible Book Value | -1.44B | -1.44B | -969.36M | -1.32B | -568.74M | 79.20M |
| Tangible Book Value Per Share | -2.23 | -2.25 | -1.43 | -2.78 | -0.27 | 0.04 |
| Buildings | 1.40M | 22.62M | 8.35M | |||
| Machinery | 198.16M | 198.01M | 243.09M | 194.18M | 129.82M | 15.86M |
| Construction In Progress | 59.90M | 67.43M | 67.10M | 122.77M | 66.77M | 37.81M |
| Leasehold Improvements | 29.16M | 31.20M | 47.47M | 35.51M | 22.43M | 2.74M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -302.12M | -464.22M | -1.10B | -742.00M | -723.92M | -110.53M |
| Depreciation & Amortization | 46.01M | 54.74M | 76.49M | 54.96M | 12.79M | 2.06M |
| Asset Writedown & Restructuring Costs | 51.80M | 51.80M | ||||
| Loss (Gain) on Equity Investments | -1.99M | -1.99M | 171.00K | 1.05M | 2.76M | |
| Stock-Based Compensation | 2.27M | 2.27M | 31.93M | 10.62M | ||
| Provision & Write-off of Bad Debts | -4.82M | -4.82M | 5.82M | 389.00K | ||
| Other Operating Activities | -42.62M | 13.57M | 314.27M | 34.45M | 4.41M | -483.92M |
| Change in Accounts Receivable | 95.46M | 95.46M | -156.07M | -89.62M | -3.09M | -89.00K |
| Change in Inventory | 81.23M | 81.23M | 69.67M | -235.07M | -21.63M | -1.96M |
| Change in Accounts Payable | 42.04M | 42.04M | 120.01M | 356.37M | 7.56M | |
| Change in Unearned Revenue | -18.94M | -18.94M | -7.15M | 42.39M | 6.29M | 1.93M |
| Change in Other Net Operating Assets | -185.06M | -185.06M | -198.74M | 190.15M | 352.78M | 464.63M |
| Operating Cash Flow | -236.73M | -333.91M | -848.52M | -386.93M | -351.42M | -126.50M |
| Capital Expenditures | -36.87M | -79.43M | -57.34M | -213.71M | -133.34M | -34.59M |
| Sale of Property, Plant & Equipment | 13.24M | 20.24M | 6.54M | 5.12M | 1.07M | 14.00K |
| Divestitures | -11.97M | -371.00K | 6.79M | 1.38M | ||
| Investment in Securities | 58.88M | 58.88M | -307.00K | -5.88M | -14.19M | |
| Other Investing Activities | 290.75M | 278.24M | -535.12M | 15.12M | -2.95M | 279.05M |
| Investing Cash Flow | 314.04M | 277.56M | -579.44M | -197.99M | -149.41M | 244.48M |
| Short-Term Debt Issued | 28.17M | |||||
| Long-Term Debt Issued | 1.63B | 1.18B | 534.36M | 454.00M | 148.48M | |
| Total Debt Issued | 1.45B | 1.63B | 1.18B | 534.36M | 482.17M | 148.48M |
| Short-Term Debt Repaid | -9.84M | |||||
| Long-Term Debt Repaid | -1.01B | -826.94M | -278.55M | -57.43M | ||
| Total Debt Repaid | -1.11B | -1.01B | -826.94M | -278.55M | -67.27M | |
| Net Debt Issued (Repaid) | 346.47M | 623.08M | 353.93M | 255.81M | 414.90M | 148.48M |
| Issuance of Common Stock | 24.28M | 18.30M | 1.19B | 213.61M | ||
| Common Dividends Paid | -1.88M | |||||
| Other Financing Activities | -438.46M | -512.92M | -86.33M | 28.90M | -3.13M | 4.64M |
| Financing Cash Flow | -67.71M | 128.45M | 1.46B | 284.71M | 758.13M | 364.85M |
| Foreign Exchange Rate Adjustments | 58.31M | -6.76M | 26.23M | -12.19M | -49.22M | 2.94M |
| Net Cash Flow | 67.91M | 65.34M | 57.80M | -312.40M | 208.08M | 485.77M |
| Free Cash Flow | -273.60M | -413.34M | -905.86M | -600.65M | -484.76M | -161.09M |
| Free Cash Flow Margin | -48.09% | -79.63% | -98.00% | -88.46% | -5,072.35% | -4,369.27% |
| Free Cash Flow Per Share | -0.43 | -0.64 | -1.40 | -1.27 | -1.02 | -0.48 |
| Levered Free Cash Flow | 25.90M | -733.52M | -530.58M | -421.75M | -162.19M | |
| Unlevered Free Cash Flow | 65.89M | -693.94M | -494.19M | -415.37M | -156.85M | |
| Cash Interest Paid | 29.56M | 19.16M | 8.14M | 8.09M | 471.00K | |
| Cash Income Tax Paid | 15.63M | 16.11M | 551.00K | 1.11M | 1.63M | 32.00K |
| Change in Working Capital | 14.73M | 14.73M | -172.27M | 264.22M | 341.91M | 464.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 254.23M | 957.25M | 2.44B | |||
| Enterprise Value | 1.97B | 2.58B | 3.45B | |||
| Last Close Price | 0.39 | 1.41 | 3.61 | |||
| PS Ratio | 0.45 | 1.84 | 2.65 | |||
| PB Ratio | -0.72 | -2.84 | ||||
| EV/Sales Ratio | 3.47 | 4.97 | 3.73 | |||
| Debt / Equity Ratio | -1.35 | -1.38 | -1.38 | -1.09 | -7.65 | 1.12 |
| Net Debt / Equity Ratio | -1.29 | -1.33 | -1.25 | -0.58 | 1.20 | -1.60 |
| Net Debt / EBITDA Ratio | -8.14 | -5.57 | -1.52 | -0.70 | 0.15 | 2.83 |
| Net Debt / FCF Ratio | -6.28 | -4.27 | -1.19 | -0.80 | 0.21 | 1.95 |
| Asset Turnover | 0.27 | 0.24 | 0.48 | 0.46 | 0.01 | |
| Inventory Turnover | 2.23 | 2.22 | 3.52 | 3.66 | 0.47 | |
| Quick Ratio | 0.08 | 0.10 | 0.14 | 0.30 | 0.80 | 1.32 |
| Current Ratio | 0.32 | 0.38 | 0.42 | 0.50 | 0.88 | 1.40 |
| Return on Equity (ROE) | -1,308.88% | |||||
| Return on Assets (ROA) | -7.73% | -10.95% | -25.40% | -31.11% | -31.95% | |
| Return on Capital Employed (ROCE) | 41.80% | 83.40% | 432.70% | 426.40% | -156.60% | -19.30% |
| Earnings Yield | -119.81% | -48.49% | -45.20% | |||
| FCF Yield | -107.62% | -43.18% | -37.05% | |||
| Buyback Yield / Dilution | 3.72% | -0.51% | -35.95% | 0.25% | -42.40% |