Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Lotus Technology Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
3.69
9.56
679
924
519
Cost of revenue
3.13
7.25
577
895
474
Gross profit
0.56
2.31
102
29.6
45.2
Research and development
511
446
369
275
171
Selling and marketing
38.1
151
329
322
148
General and administrative
54.8
148
145
227
136
Operating expenses
113
690
838
816
468
Operating income
-113
-687
-736
-786
-423
Interest expense
3.62
8.54
10.2
58.2
63.3
Pre-tax income
-109
-724
-749
-1,105
-450
Income tax
1.85
0.29
1.11
2.01
15.9
Net income to minority interests
-0.64
-8.25
-2.36
-0
Net income
-111
-724
-742
-1,105
-464
EBITDA
-111
-675
-681
-710
-368
EPS, basic
-0.33
-1.52
-1.60
-1.72
-0.72
EPS, diluted
-0.33
-1.52
-1.60
-1.72
-0.72
Shares, basic (weighted)
334
476
475
645
649
Shares, diluted (weighted)
334
476
475
645
649
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
531
737
419
103
73.4
Inventory
22.7
265
189
121
Total current assets
823
884
1,043
911
Property, plant and equipment
253
355
316
227
Lease right-of-use assets
159
173
144
119
Intangible assets
116
116
117
116
Long-term investments
3.33
9.72
48
Total assets
1,372
1,585
2,286
1,953
Short-term debt
28.7
379
803
1,264
Total current liabilities
933
1,757
2,467
2,398
Long-term debt
75.7
103
129
Total liabilities
1,457
2,412
3,146
3,283
Total debt
126
427
454
103
129
Paid-in capital
403
358
1,786
1,934
Retained earnings
-847
-1,589
-2,694
-3,158
Treasury stock
0
-138
Other comprehensive income
17.7
25.3
55.2
39.8
Shareholders' equity
-452
-1,205
-853
-1,322
Minority interests
-0.64
-5.4
-7.36
-7.75
Total equity
195
-453
-1,211
-860
-1,330
Total liabilities and equity
1,372
1,585
2,286
1,953
Shares outstanding
475
475
677
641
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-111
-725
-750
-1,107
-464
Depreciation and amortization
2.06
12.8
55
76.5
54.7
Stock-based compensation
10.6
0
31.9
2.27
Deferred income tax
0.22
-0.13
0.69
Change in inventory
-1.96
-21.6
-235
69.7
81.2
Cash from operations
-127
-351
-387
-849
-334
Capital expenditures
-34.6
-133
-214
-57.3
-79.4
Cash from investing
244
-149
-198
-579
278
Debt issued
481
1,033
1,405
Debt repaid
-5.65
-461
-119
Stock issued
198
Dividends paid
-1.88
Cash from financing
365
758
285
1,460
128
Net change in cash
486
208
-312
57.8
65.3
Free cash flow
-161
-485
-601
-906
-413
Interest paid
0.47
8.09
8.14
19.2
Income taxes paid
0.06
1.76
1.15
0.68
16.5
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.90 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
8.7%
Gross profit / revenue.
Operating margin
-81.5%
Operating income / revenue.
EBITDA margin
-71.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-86.7%
Pre-tax income / revenue.
Net margin
-89.4%
Net income / revenue.
FCF margin
-79.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-64.3%
Cash from operations / revenue.
Return on assets (ROA)
-21.9%
Net income / average total assets.
R&D / revenue
32.9%
Research and development expense / revenue.
Stock-based pay / revenue
0.4%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
15.3%
Capital expenditures / revenue.
D&A / revenue
10.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-43.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
278.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
52.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
169.6%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-14.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
12.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
0.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
10.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.38x
Current assets / current liabilities.
Quick ratio
0.03x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.03x
(Cash + short-term investments) / current liabilities.
Debt / assets
6.6%
Total debt / total assets.
Liabilities / assets
168.1%
Total liabilities / total assets.
Net debt
$55.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.72
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.80
Revenue / diluted weighted shares.
FCF per share
-$0.64
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.51
Cash from operations / diluted weighted shares.
Book value per share
-$2.06
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.11x
Market cap / revenue.
EV/Sales
1.22x
Enterprise value / revenue.
FCF yield
-71.5%
Free cash flow / market cap.
Earnings yield
-80.3%
Net income / market cap (the inverse of P/E).
What was Lotus Technology Inc.'s revenue in fiscal 2025?
Lotus Technology Inc. reported revenue of $519.1M for fiscal 2025, 43.8% lower than the year before.
Was Lotus Technology Inc. profitable in fiscal 2025?
No. It reported a net loss of $464.2M.
How much free cash flow did Lotus Technology Inc. generate in fiscal 2025?
Cash from operations of $333.9M minus capital expenditures of $79.4M left free cash flow of -$413.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.