Lotus Technology Financials
Lotus Technology (LOT) reported $519.1M in revenue for fiscal year 2025, down 43.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Lotus’s dominant mechanic is a smaller revenue base paired with a large operating-cost structure and recurring external financing needs.
Margin recovery without volume growth is the key shift: gross margin rose from3.2% to8.7% even as revenue contracted in 2025, pointing to mix or cost changes rather than scale absorption. Lower R&D and SG&A helped narrow operating loss to-$423M , but operating cash flow remained-$334M , so accounting improvement did not yet translate into self-funding operations.
The cash-conversion gap is narrow but important: 2025 free cash flow was
The balance sheet absorbs the strain: liabilities exceeded assets in 2025, and equity stood at
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lotus Technology's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lotus Technology scores -3.48, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($803.7M) relative to total liabilities ($3.3B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Lotus Technology passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Lotus Technology reported a net loss of $464.2M while operations used $333.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Lotus Technology reported an operating loss of $423.2M against $63.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Lotus Technology generated $519.1M in revenue in fiscal year 2025. This represents a decrease of 43.8% from the prior year.
Lotus Technology's EBITDA was -$368.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.1% from the prior year.
Lotus Technology reported -$464.2M in net income in fiscal year 2025. This represents an increase of 58.0% from the prior year.
Lotus Technology earned -$0.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 58.1% from the prior year.
Cash & Balance Sheet
Lotus Technology recorded an outflow of $413.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 54.4% from the prior year.
Lotus Technology held $73.4M in cash against $128.9M in long-term debt as of fiscal year 2025, with $2.4B of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Lotus Technology's gross margin was 8.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.5 percentage points from the prior year.
Lotus Technology's operating margin was -81.5% in fiscal year 2025, reflecting core business profitability. This is up 3.5 percentage points from the prior year.
Lotus Technology's net profit margin was -89.4% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
Lotus Technology invested $171.0M in research and development in fiscal year 2025. This represents a decrease of 37.8% from the prior year.
Lotus Technology invested $79.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 38.5% from the prior year.
Not reported for fiscal year 2025.
LOT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
LOT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|
| Total Assets | $2.0B-13.3% | $2.3B-1.5% | $2.3B+44.2% | $1.6B+15.5% | $1.4B | N/A |
| Current Assets | $911.1M-13.5% | $1.1B+1.0% | $1.0B+18.0% | $883.7M+7.3% | $823.5M | N/A |
| Cash & Equivalents | $73.4M+8.2% | $67.8M-34.2% | $103.1M-75.4% | $418.9M-43.1% | $736.6M+38.6% | $531.5M |
| Inventory | $121.4M-26.2% | $164.4M-12.8% | $188.6M-28.9% | $265.2M+1068.1% | $22.7M | N/A |
| Total Liabilities | $3.3B-2.1% | $3.4B+6.6% | $3.1B+12.8% | $2.8B+52.9% | $1.8B | N/A |
| Current Liabilities | $2.4B+7.3% | $2.2B-9.4% | $2.5B+40.4% | $1.8B+88.4% | $932.9M | N/A |
| Long-Term Debt | $128.9M+2.4% | $125.9M+22.2% | $103.0M+36.1% | $75.7M-82.3% | $427.1M+237.9% | $126.4M |
| Total Equity | -$1.3B-20.8% | -$1.1B-28.4% | -$852.9M+29.2% | -$1.2B-166.4% | -$452.4M-331.6% | $195.3M |
| Retained Earnings | -$3.2B-5.0% | -$3.0B-11.6% | -$2.7B-69.5% | -$1.6B-87.6% | -$846.8M | N/A |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
LOT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
LOT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.38-0.1x | 0.470.0x | 0.42-0.1x | 0.50-0.4x | 0.88 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 0.65 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
Note: Shareholder equity is negative (-$1.3B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.38), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Lotus Technology Ranks
Frequently Asked Questions
What is Lotus Technology's annual revenue?
Lotus Technology (LOT) reported $519.1M in total revenue for fiscal year 2025. This represents a -43.8% 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 Lotus Technology's revenue growing?
Lotus Technology (LOT) revenue declined by 43.8% year-over-year, from $924.3M to $519.1M in fiscal year 2025.
Is Lotus Technology profitable?
No, Lotus Technology (LOT) reported a net income of -$464.2M in fiscal year 2025, with a net profit margin of -89.4%.
What is Lotus Technology's EBITDA?
Lotus Technology (LOT) had EBITDA of -$368.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lotus Technology have?
As of fiscal year 2025, Lotus Technology (LOT) had $73.4M in cash and equivalents against $128.9M in long-term debt.
What is Lotus Technology's gross margin?
Lotus Technology (LOT) had a gross margin of 8.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lotus Technology's operating margin?
Lotus Technology (LOT) had an operating margin of -81.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Lotus Technology's net profit margin?
Lotus Technology (LOT) had a net profit margin of -89.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Lotus Technology's free cash flow?
Lotus Technology (LOT) recorded an outflow of $413.3M in free cash flow during fiscal year 2025. This represents a 54.4% 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 Lotus Technology's operating cash flow?
Lotus Technology (LOT) recorded an outflow of $333.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Lotus Technology's total assets?
Lotus Technology (LOT) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lotus Technology's capital expenditures?
Lotus Technology (LOT) invested $79.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lotus Technology spend on research and development?
Lotus Technology (LOT) invested $171.0M in research and development during fiscal year 2025.
What is Lotus Technology's current ratio?
Lotus Technology (LOT) had a current ratio of 0.38 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Lotus Technology's return on assets (ROA)?
Lotus Technology (LOT) had a return on assets of -23.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Lotus Technology's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Lotus Technology (LOT) held $121.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $333.9M over that year. Dividing the one by the other, the reported balance equals about 4 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Lotus Technology's debt-to-equity ratio negative or not reported?
Lotus Technology (LOT) has negative shareholder equity of -$1.3B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Lotus Technology's Altman Z-Score?
Lotus Technology (LOT) has an Altman Z-Score of -3.48, placing it in the Distress Zone (elevated 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 Lotus Technology's Piotroski F-Score?
Lotus Technology (LOT) has a Piotroski F-Score of 4 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lotus Technology's earnings high quality?
Lotus Technology (LOT) reported a net loss of $464.2M while operations used $333.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Lotus Technology cover its interest payments?
Lotus Technology (LOT) reported an operating loss of $423.2M against $63.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Lotus Technology?
Lotus Technology (LOT) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.