Lotus Technology Inc. Warrants (LOTWW) Financials
Newest figures come from the 20-F for FY2025, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LOTWW SEC filings page.
Lotus Technology Inc. Warrants (LOTWW) 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).
Revenue is volatile, margins are thin, and persistent cash losses coexist with a liability-heavy balance sheet.
In FY2025, the company burned$334M in operating cash versus$849M in FY2024 even as revenue fell, so the narrower cash loss reflects contraction and cost reduction rather than proven operating leverage. Gross margin recovered from3.2% to8.7% , but the still-negative operating result indicates that lower operating expenses did not yet make the business economically self-supporting.
The balance sheet is structurally liability-heavy: FY2025 liabilities were
Accounting losses continue to translate into cash strain: FY2025 reported a net loss of
Financial Health Signals
Lotus Technology Inc. Warrants does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Lotus Technology Inc. Warrants passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Lotus Technology Inc. Warrants 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 Inc. Warrants 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 Inc. Warrants generated $519.1M in revenue in fiscal year 2025. This represents a decrease of 43.8% from the prior year.
Lotus Technology Inc. Warrants's EBITDA was -$368.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Lotus Technology Inc. Warrants reported a net loss of $464.2M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Lotus Technology Inc. Warrants earned -$0.72 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Lotus Technology Inc. Warrants recorded an outflow of $413.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Lotus Technology Inc. Warrants 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 Inc. Warrants'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 Inc. Warrants'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 Inc. Warrants'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 Inc. Warrants invested $171.0M in research and development in fiscal year 2025. This represents a decrease of 37.8% from the prior year.
Lotus Technology Inc. Warrants 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.
LOTWW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Revenue | $519.1M-43.8% | $924.3M+36.1% | $679.0M+7004.8% | $9.6M+159.2% | $3.7M |
| Cost of Revenue | $473.9M-47.0% | $894.7M+55.1% | $576.8M+7856.2% | $7.3M+131.6% | $3.1M |
| Gross Profit | $45.2M+52.6% | $29.6M-71.0% | $102.2M+4329.2% | $2.3M+314.2% | $557K |
| R&D Expenses | $171.0M-37.8% | $274.8M-25.5% | $368.7M-17.3% | $445.8M-12.8% | $511.4M |
| SG&A Expenses | $284.1M-48.3% | $549.8M+16.1% | $473.5M+58.0% | $299.7M+222.9% | $92.8M |
| Operating Income | -$423.2Mn/m | -$786.3Mn/m | -$735.9Mn/m | -$687.4Mn/m | -$112.9M |
| EBITDA | -$368.5Mn/m | -$709.8Mn/m | -$681.0Mn/m | -$674.6Mn/m | -$110.9M |
| Interest Expense | $63.3M+8.8% | $58.2M+470.8% | $10.2M+19.4% | $8.5M+136.3% | $3.6M |
| Income Tax | $15.9M+692.5% | $2.0M+80.8% | $1.1M+281.2% | $292K-84.2% | $1.9M |
| Net Income | -$464.2Mn/m | -$1.1Bn/m | -$742.0Mn/m | -$723.9Mn/m | -$110.5M |
| EPS (Basic) | -$0.72n/m | -$1.72 | -$1.60n/m | -$1.52n/m | -$0.33 |
| EPS (Diluted) | -$0.72n/m | -$1.72 | -$1.60n/m | -$1.52n/m | -$0.33 |
| Diluted Shares (Avg) | 649M+0.5% | 645M | 475M-0.2% | 476M+42.4% | 334M |
LOTWW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Total Assets | $2.0B-14.6% | $2.3B+44.2% | $1.6B+15.5% | $1.4B | N/A |
| Current Assets | $911.1M-12.6% | $1.0B+18.0% | $883.7M+7.3% | $823.5M | N/A |
| Cash & Equivalents | $73.4M-28.8% | $103.1M-75.4% | $418.9M-43.1% | $736.6M+38.6% | $531.5M |
| Short-Term Investments | $0 | N/A | N/A | N/A | $0 |
| Inventory | $121.4M-35.6% | $188.6M-28.9% | $265.2M+1068.1% | $22.7M | N/A |
| Long-Term Investments | $48.0M+2061.4% | $2.2M-33.2% | $3.3M | N/A | $0 |
| Total Liabilities | $3.3B+4.4% | $3.1B+12.8% | $2.8B+52.9% | $1.8B | N/A |
| Current Liabilities | $2.4B-2.8% | $2.5B+40.4% | $1.8B+88.4% | $932.9M | N/A |
| Non-Current Liabilities | $884.9M+30.4% | $678.5M+3.7% | $654.6M+25.0% | $523.7M | N/A |
| Long-Term Debt | $128.9M+25.1% | $103.0M+36.1% | $75.7M-82.3% | $427.1M+237.9% | $126.4M |
| Total Equity | -$1.3Bn/m | -$852.9Mn/m | -$1.2Bn/m | -$452.4M-331.6% | $195.3M |
| Retained Earnings | -$3.2Bn/m | -$2.7Bn/m | -$1.6Bn/m | -$846.8M | N/A |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
LOTWW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Operating Cash Flow | -$333.9Mn/m | -$848.5Mn/m | -$386.9Mn/m | -$351.4Mn/m | -$126.5M |
| Depreciation & Amortization | $54.7M-28.4% | $76.5M+39.2% | $55.0M+329.7% | $12.8M+522.1% | $2.1M |
| Stock-Based Compensation | $2.3M-92.9% | $31.9Mn/m | $0-100.0% | $10.6M | N/A |
| Capital Expenditures | $79.4M+38.5% | $57.3M-73.2% | $213.7M+60.3% | $133.3M+285.5% | $34.6M |
| Free Cash Flow | -$413.3Mn/m | -$905.9Mn/m | -$600.6Mn/m | -$484.8Mn/m | -$161.1M |
| Investing Cash Flow | $277.6Mn/m | -$579.4Mn/m | -$198.0Mn/m | -$149.4M-161.1% | $244.5M |
| Financing Cash Flow | $128.5M-91.2% | $1.5B+412.6% | $284.7M-62.4% | $758.1M+107.8% | $364.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | $1.9M |
Not reported in any period shown, so not listed: Share Buybacks.
LOTWW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F |
|---|---|---|---|---|---|
| Gross Margin | 8.7%+5.5pp | 3.2%-11.8pp | 15.0%-9.1pp | 24.1%+9.0pp | 15.1% |
| Operating Margin | -81.5%+3.5pp | -85.1% | -108.4% | -7192.8% | -3063.2% |
| Net Margin | -89.4% | -119.5% | -109.3% | -7574.8% | -2997.9% |
| Return on Equity | N/A | N/A | N/A | N/A | -56.6% |
| Return on Assets | -23.8%+24.6pp | -48.3%-1.5pp | -46.8%+5.9pp | -52.8% | N/A |
| Current Ratio | 0.380.0x | 0.42-0.1x | 0.50-0.4x | 0.88 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.65 |
| Asset Turnover | 0.27-0.1x | 0.400.0x | 0.43+0.4x | 0.01 | N/A |
| FCF Margin | -79.6%+18.4pp | -98.0%-9.5pp | -88.5% | -5072.3% | -4369.3% |
Not reported in any period shown, so not listed: Liabilities-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$1.3B), which causes the debt-to-equity, liabilities-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.
Where Lotus Technology Inc. Warrants Ranks
Frequently Asked Questions
What is Lotus Technology Inc. Warrants's annual revenue?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants's revenue growing?
Lotus Technology Inc. Warrants (LOTWW) revenue declined by 43.8% year-over-year, from $924.3M to $519.1M in fiscal year 2025.
Is Lotus Technology Inc. Warrants profitable?
No, Lotus Technology Inc. Warrants (LOTWW) reported a net loss of $464.2M in fiscal year 2025, with a net profit margin of -89.4%.
What is Lotus Technology Inc. Warrants's EBITDA?
Lotus Technology Inc. Warrants (LOTWW) had EBITDA of -$368.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lotus Technology Inc. Warrants have?
As of fiscal year 2025, Lotus Technology Inc. Warrants (LOTWW) had $73.4M in cash and equivalents against $128.9M in long-term debt.
What is Lotus Technology Inc. Warrants's gross margin?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants's operating margin?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants's net profit margin?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants's free cash flow?
Lotus Technology Inc. Warrants (LOTWW) recorded an outflow of $413.3M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 Inc. Warrants's operating cash flow?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants's total assets?
Lotus Technology Inc. Warrants (LOTWW) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lotus Technology Inc. Warrants's capital expenditures?
Lotus Technology Inc. Warrants (LOTWW) invested $79.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lotus Technology Inc. Warrants spend on research and development?
Lotus Technology Inc. Warrants (LOTWW) invested $171.0M in research and development during fiscal year 2025.
What is Lotus Technology Inc. Warrants's current ratio?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants's return on assets (ROA)?
Lotus Technology Inc. Warrants (LOTWW) had a return on assets of -23.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Lotus Technology Inc. Warrants's debt-to-equity ratio negative or not reported?
Lotus Technology Inc. Warrants (LOTWW) has negative shareholder equity of -$1.3B as of fiscal year 2025, so no debt-to-equity or liabilities-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 Inc. Warrants's Piotroski F-Score?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants's earnings high quality?
Lotus Technology Inc. Warrants (LOTWW) 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 Inc. Warrants cover its interest payments?
Lotus Technology Inc. Warrants (LOTWW) 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.