Luckin Coffee Inc Financials
This page shows Luckin Coffee Inc (LKNCY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Luckin Coffee Inc has an operating margin of 10.3%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is down from 12.2% the prior year.
Luckin Coffee Inc's revenue surged 34.7% year-over-year to $4.7B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Luckin Coffee Inc carries a low D/E ratio of 0.87, meaning only $0.87 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
Luckin Coffee Inc's current ratio of 1.60 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.
Luckin Coffee Inc's free cash flow margin of 5.6% results in a low score of 28/100. Capital expenditures of $315.4M absorb a large share of operating cash flow.
Luckin Coffee Inc earns a strong 25.4% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 35.0% the prior year.
Luckin Coffee Inc scores 6.51, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.7B) relative to total liabilities ($1.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Luckin Coffee Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Luckin Coffee Inc generates $1.44 in operating cash flow ($579.5M OCF vs $401.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Luckin Coffee Inc earns $901.1 in operating income for every $1 of interest expense ($484.8M vs $538K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Luckin Coffee Inc generated $4.7B in revenue in fiscal year 2024. This represents an increase of 34.7% from the prior year.
Luckin Coffee Inc's EBITDA was $647.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.7% from the prior year.
Luckin Coffee Inc generated $264.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1148.4% from the prior year.
Luckin Coffee Inc reported $401.7M in net income in fiscal year 2024. This represents an increase of 0.1% from the prior year.
Luckin Coffee Inc earned $0.16 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Luckin Coffee Inc held $597.7M in cash against $0 in long-term debt as of fiscal year 2024.
Luckin Coffee Inc's operating margin was 10.3% in fiscal year 2024, reflecting core business profitability. This is down 1.9 percentage points from the prior year.
Luckin Coffee Inc's net profit margin was 8.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.
Luckin Coffee Inc's ROE was 25.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 9.6 percentage points from the prior year.
Luckin Coffee Inc invested $315.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 18.6% from the prior year.
LKNCY Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
LKNCY Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 |
|---|---|---|---|---|---|---|
| Total Assets | $3.2B+22.9% | $2.6B+69.6% | $1.5B-21.4% | $1.9B+35.2% | $1.4B+1.9% | $1.4B |
| Current Assets | $1.5B+37.0% | $1.1B+22.3% | $875.3M-33.5% | $1.3B+33.7% | $983.9M-9.3% | $1.1B |
| Cash & Equivalents | $597.7M+45.1% | $412.1M-19.6% | $512.4M-49.6% | $1.0B+38.0% | $736.6M+5.4% | $698.9M |
| Inventory | $338.9M+9.2% | $310.4M+77.5% | $174.9M+87.9% | $93.1M+120.5% | $42.2M-23.7% | $55.4M |
| Accounts Receivable | $15.2M+34.2% | $11.4M+33.3% | $8.5M+40.7% | $6.1M+127.4% | $2.7M-18.7% | $3.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.4B+13.9% | $1.2B+116.3% | $558.6M-50.3% | $1.1B+11.2% | $1.0B+52.4% | $663.6M |
| Current Liabilities | $915.6M+19.0% | $769.4M+87.6% | $410.1M-60.3% | $1.0B+574.3% | $153.4M-75.2% | $619.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $44.6M |
| Total Equity | $1.6B+38.0% | $1.1B+56.5% | $732.1M+28.5% | $569.8M+40.0% | $407.1M-44.0% | $726.8M |
| Retained Earnings | -$818.3M+33.3% | -$1.2B+26.0% | -$1.7B+10.3% | -$1.8B+3.2% | -$1.9B-93.6% | -$985.9M |
LKNCY Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A |
LKNCY Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.60+0.2 | 1.39-0.7 | 2.13+0.9 | 1.27-5.1 | 6.41+4.7 | 1.75 |
| Debt-to-Equity | 0.87-0.2 | 1.05+0.3 | 0.76-1.2 | 1.97-0.5 | 2.48+2.4 | 0.06 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Luckin Coffee Inc's annual revenue?
Luckin Coffee Inc (LKNCY) reported $4.7B in total revenue for fiscal year 2024. This represents a 34.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Luckin Coffee Inc's revenue growing?
Luckin Coffee Inc (LKNCY) revenue grew by 34.7% year-over-year, from $3.5B to $4.7B in fiscal year 2024.
Is Luckin Coffee Inc profitable?
Yes, Luckin Coffee Inc (LKNCY) reported a net income of $401.7M in fiscal year 2024, with a net profit margin of 8.5%.
What is Luckin Coffee Inc's earnings per share (EPS)?
Luckin Coffee Inc (LKNCY) reported diluted earnings per share of $0.16 for fiscal year 2024. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Luckin Coffee Inc's EBITDA?
Luckin Coffee Inc (LKNCY) had EBITDA of $647.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Luckin Coffee Inc's operating margin?
Luckin Coffee Inc (LKNCY) had an operating margin of 10.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Luckin Coffee Inc's net profit margin?
Luckin Coffee Inc (LKNCY) had a net profit margin of 8.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Luckin Coffee Inc's return on equity (ROE)?
Luckin Coffee Inc (LKNCY) has a return on equity of 25.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Luckin Coffee Inc's free cash flow?
Luckin Coffee Inc (LKNCY) generated $264.1M in free cash flow during fiscal year 2024. This represents a 1148.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Luckin Coffee Inc's operating cash flow?
Luckin Coffee Inc (LKNCY) generated $579.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Luckin Coffee Inc's total assets?
Luckin Coffee Inc (LKNCY) had $3.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Luckin Coffee Inc's capital expenditures?
Luckin Coffee Inc (LKNCY) invested $315.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Luckin Coffee Inc's current ratio?
Luckin Coffee Inc (LKNCY) had a current ratio of 1.60 as of fiscal year 2024, which is generally considered healthy.
What is Luckin Coffee Inc's debt-to-equity ratio?
Luckin Coffee Inc (LKNCY) had a debt-to-equity ratio of 0.87 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Luckin Coffee Inc's return on assets (ROA)?
Luckin Coffee Inc (LKNCY) had a return on assets of 12.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Luckin Coffee Inc's Altman Z-Score?
Luckin Coffee Inc (LKNCY) has an Altman Z-Score of 6.51, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Luckin Coffee Inc's Piotroski F-Score?
Luckin Coffee Inc (LKNCY) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Luckin Coffee Inc's earnings high quality?
Luckin Coffee Inc (LKNCY) has an earnings quality ratio of 1.44x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Luckin Coffee Inc cover its interest payments?
Luckin Coffee Inc (LKNCY) has an interest coverage ratio of 901.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Luckin Coffee Inc?
Luckin Coffee Inc (LKNCY) scores 67 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.