Lotus Technology Inc. LOT
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.72
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $519.1M | $924.3M | $679.0M | $9.6M | $3.7M | — |
| Cost of revenue | $473.9M | $894.7M | $576.8M | $7.2M | $3.1M | — |
| Gross profit | $45.2M | $29.6M | $102.2M | $2.3M | $557.0K | — |
| R&D | $171.0M | $274.8M | $368.7M | $445.8M | $511.4M | — |
| SG&A | $135.8M | $227.5M | $144.5M | $148.4M | $54.8M | — |
| Total operating expenses | $468.4M | $815.9M | $838.1M | $689.7M | $113.5M | — |
| Operating income | -$423.2M | -$786.3M | -$735.9M | -$687.4M | -$112.9M | — |
| Interest expense | $63.3M | $58.2M | $10.2M | $8.5M | $3.6M | — |
| Pre-tax income | -$450.3M | -$1.11B | -$748.1M | -$724.3M | -$108.7M | — |
| Income tax | $15.9M | $2.0M | $1.1M | $292.0K | $1.9M | — |
| Net income | -$464.2M | -$1.10B | -$742.0M | -$723.9M | -$110.5M | — |
| EPS, basic | -0.72 | -1.72 | -1.60 | -1.52 | -0.33 | — |
| EPS, diluted | -0.72 | -1.72 | -1.60 | -1.52 | -0.33 | — |
| Shares, diluted (wtd. avg.) | 648.5M | 645.2M | 474.6M | 475.8M | 334.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $73.4M | $103.1M | $418.9M | $739.5M | $531.5M | $45.7M |
| Inventory | $121.4M | $188.6M | $265.2M | $22.7M | — | — |
| Total current assets | $911.1M | $1.04B | $883.7M | $823.5M | — | — |
| Property, plant and equipment | $226.9M | $316.4M | $354.6M | $253.5M | — | — |
| Other intangibles | $116.5M | $116.5M | $116.4M | $116.4M | — | — |
| Total assets | $1.95B | $2.29B | $1.58B | $1.37B | — | — |
| Short-term debt | $1.26B | $802.5M | $226.8M | $28.7M | — | — |
| Total current liabilities | $2.40B | $2.47B | $1.76B | $932.9M | — | — |
| Long-term debt | $128.9M | $103.0M | $454.3M | $427.1M | $126.4M | — |
| Total liabilities | $3.28B | $3.15B | $2.41B | $1.46B | — | — |
| Retained earnings | -$3.16B | -$2.69B | -$1.59B | -$846.8M | — | — |
| Total equity | -$1.32B | -$852.9M | -$1.21B | -$453.0M | $195.3M | $16.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$333.9M | -$848.5M | -$386.9M | -$351.4M | -$126.5M | — |
| Depreciation and amortisation | $54.7M | $76.5M | $55.0M | $12.8M | $2.1M | — |
| Stock-based compensation | $2.3M | $31.9M | — | $10.6M | — | — |
| Capital expenditure | $79.4M | $57.3M | $213.7M | $133.3M | $34.6M | — |
| Investing cash flow | $277.6M | -$579.4M | -$198.0M | -$149.4M | $244.5M | — |
| Financing cash flow | $128.5M | $1.46B | $284.7M | $758.1M | $364.9M | — |
| Dividends paid | — | — | — | — | $1.9M | — |
| Buybacks | $70.5M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-050310.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $3.7M | $9.6M | $679.0M | $924.3M | $519.1M |
| Gross profit | — | $557.0K | $2.3M | $102.2M | $29.6M | $45.2M |
| Net income | — | -$110.5M | -$723.9M | -$742.0M | -$1.10B | -$464.2M |
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