What is Lotus Technology's earnings per share (EPS)?

Lotus Technology (LOTWW) reported diluted earnings per share of $-0.72 for fiscal year 2025. This represents a 58.1% 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.

Lotus Technology Financials

LOTWW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Lotus Technology (LOTWW) financial statements, including the 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).

Rhea AI LOTWW FY2024 2026-04-22

Higher sales are being financed, not self-funded, as gross margin compression turned growth into a larger operating cash drain.

The least obvious shift is that cash burn worsened for operational reasons: free cash flow fell to -$906M in FY2024 even though capex dropped to $57M. Revenue increased, but gross profit shrank from $102M to $30M, showing that added sales carried far weaker economics before overhead.

FY2024 ended with only $103M of cash after $1.46B of financing inflow, which means outside capital is covering losses rather than simply adding flexibility. With a current ratio of 0.4x and negative equity, near-term obligations are heavier than near-term resources, so the balance sheet is being supported by creditors and new capital.

The business did not get the usual benefit of scale: revenue climbed to $924M, but gross margin fell to 3.2%. That is down from 15.1% in FY2023, so higher volume did not improve fixed-cost absorption and may have come through at much lower contribution.

Financial Health Signals

Financial Profile 17/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

Lotus Technology has an operating margin of -81.5%, meaning the company retains $-82 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -85.1% the prior year.

Growth

Lotus Technology's revenue declined 43.8% year-over-year, from $924.3M to $519.1M. This contraction results in a growth score of 12/100.

Leverage

Lotus Technology carries a low D/E ratio of -0.10, meaning only $-0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Lotus Technology's current ratio of 0.38 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Lotus Technology generated -$333.9M in operating cash flow, capex of $79.4M consumed most of it, leaving -$413.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

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.

Earnings Quality Low Quality

0.72x

For every $1 of reported earnings, Lotus Technology generates $0.72 in operating cash flow (-$333.9M OCF vs -$464.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-6.7x

Lotus Technology earns $-6.7 in operating income for every $1 of interest expense (-$423.2M vs $63.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$519.1M

YoY-43.8%

Lotus Technology generated $519.1M in revenue in fiscal year 2025. This represents a decrease of 43.8% from the prior year.

EBITDA

-$368.5M

YoY+48.1%

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.

Net Income

-$464.2M

YoY+58.0%

Lotus Technology reported -$464.2M in net income in fiscal year 2025. This represents an increase of 58.0% from the prior year.

EPS (Diluted)

$-0.72

YoY+58.1%

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

Free Cash Flow

-$413.3M

YoY+54.4%

Lotus Technology generated -$413.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 54.4% from the prior year.

Cash & Debt

$73.4M

YoY-28.8%

Lotus Technology held $73.4M in cash against $128.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

642M

YoY-5.3%

Lotus Technology had 642M shares outstanding in fiscal year 2025. This represents a decrease of 5.3% from the prior year.

Margins & Returns

Gross Margin

8.7%

YoY+5.5pp

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.

Operating Margin

-81.5%

YoY+3.5pp

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.

Net Margin

-89.4%

YoY+30.1pp

Lotus Technology's net profit margin was -89.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 30.1 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$171.0M

YoY-37.8%

Lotus Technology invested $171.0M in research and development in fiscal year 2025. This represents a decrease of 37.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$79.4M

YoY+38.5%

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.

LOTWW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
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	$135.8M-40.3%	$227.5M+57.4%	$144.5M-2.6%	$148.4M+170.9%	$54.8M
Operating Income	-$423.2M+46.2%	-$786.3M-6.8%	-$735.9M-7.1%	-$687.4M-508.6%	-$112.9M
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	-$464.2M+58.0%	-$1.1B-48.9%	-$742.0M-2.5%	-$723.9M-554.9%	-$110.5M
EPS (Diluted)	$-0.72+58.1%	$-1.72	$-1.60-5.3%	$-1.52-360.6%	$-0.33

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21
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

LOTWW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
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
Inventory	$121.4M-35.6%	$188.6M-28.9%	$265.2M+1068.1%	$22.7M	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
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
Long-Term Debt	$128.9M+25.1%	$103.0M+36.1%	$75.7M-82.3%	$427.1M+237.9%	$126.4M
Total Equity	-$1.3B-55.1%	-$852.9M+29.2%	-$1.2B-166.4%	-$452.4M-331.6%	$195.3M
Retained Earnings	-$3.2B-17.2%	-$2.7B-69.5%	-$1.6B-87.6%	-$846.8M	N/A

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
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	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

LOTWW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$333.9M+60.6%	-$848.5M-119.3%	-$386.9M-10.1%	-$351.4M-177.8%	-$126.5M
Capital Expenditures	$79.4M+38.5%	$57.3M-73.2%	$213.7M+60.3%	$133.3M+285.5%	$34.6M
Free Cash Flow	-$413.3M+54.4%	-$905.9M-50.8%	-$600.6M-23.9%	-$484.8M-200.9%	-$161.1M
Investing Cash Flow	$277.6M+147.9%	-$579.4M-192.7%	-$198.0M-32.5%	-$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
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21
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

LOTWW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
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%+23.3pp	-108.4%+7084.4pp	-7192.8%-4129.5pp	-3063.3%
Net Margin	-89.4%+30.1pp	-119.5%-10.3pp	-109.3%+7465.5pp	-7574.8%-4576.9pp	-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	0.38-0.0	0.42-0.1	0.50-0.4	0.88	N/A
Debt-to-Equity	-0.10+0.0	-0.12-0.1	-0.06+0.9	-0.94-1.6	0.65
FCF Margin	-79.6%+18.4pp	-98.0%-9.5pp	-88.5%+4983.9pp	-5072.3%-703.1pp	-4369.3%

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21
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	0.38-0.1	0.47+0.0	0.42-0.1	0.50-0.4	0.88	N/A
Debt-to-Equity	-0.10+0.0	-0.120.0	-0.12-0.1	-0.06+0.9	-0.94-1.6	0.65
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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.

Frequently Asked Questions

What is Lotus Technology's annual revenue?

Lotus Technology (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's revenue growing?

Lotus Technology (LOTWW) 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 (LOTWW) 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 (LOTWW) 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 (LOTWW) had $73.4M in cash and equivalents against $128.9M in long-term debt.

What is Lotus Technology's gross margin?

Lotus Technology (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's operating margin?

Lotus Technology (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's net profit margin?

Lotus Technology (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's free cash flow?

Lotus Technology (LOTWW) generated -$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 (LOTWW) generated -$333.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lotus Technology's total assets?

Lotus Technology (LOTWW) 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 (LOTWW) 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 (LOTWW) invested $171.0M in research and development during fiscal year 2025.

How many shares does Lotus Technology have outstanding?

Lotus Technology (LOTWW) had 642M shares outstanding as of fiscal year 2025.

What is Lotus Technology's current ratio?

Lotus Technology (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's debt-to-equity ratio?

Lotus Technology (LOTWW) had a debt-to-equity ratio of -0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lotus Technology's return on assets (ROA)?

Lotus Technology (LOTWW) had a return on assets of -23.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lotus Technology's cash runway?

Based on fiscal year 2025 data, Lotus Technology (LOTWW) had $73.4M in cash against an annual operating cash burn of $333.9M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Lotus Technology's debt-to-equity ratio negative or unusual?

Lotus Technology (LOTWW) has negative shareholder equity of -$1.3B as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 Piotroski F-Score?

Lotus Technology (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's earnings high quality?

Lotus Technology (LOTWW) has an earnings quality ratio of 0.72x, considered low quality (accrual-driven). 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 (LOTWW) has an interest coverage ratio of -6.7x, meaning it can struggle to 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 Lotus Technology?

Lotus Technology (LOTWW) scores 17 out of 100 on our Financial Profile, indicating weak 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.