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Lotus Technology (LOTWW) Financials

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$0.14 +0.01 (+4.14%)
As of 05/2/2025 11:06 AM Eastern
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Annual Income Statements for Lotus Technology

Annual Income Statements for Lotus Technology

This table shows Lotus Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -111 -725 -757 -1,108
Consolidated Net Income / (Loss)		 -111 -725 -750 -1,107
Net Income / (Loss) Continuing Operations		 -111 -725 -750 -1,107
Total Pre-Tax Income 		-109 -724 -749 -1,105
Total Operating Income		 -113 -687 -736 -786
Total Gross Profit		 0.56 2.31 102 30
Total Revenue		 3.69 9.56 679 924
Operating Revenue		 3.69 9.56 679 924
Total Cost of Revenue		 3.13 7.25 577 895
Operating Cost of Revenue		 3.13 7.25 577 895
Total Operating Expenses		 113 690 838 825
Selling, General & Admin Expense		 55 148 145 227
Marketing Expense		 38 151 329 322
Research & Development Expense		 511 446 369 275
Total Other Income / (Expense), net		 4.38 -37 -13 -319
Interest Expense		 4.86 32 10 344
Interest & Investment Income		 8.45 6.18 6.99 36
Other Income / (Expense), net		 0.80 -12 -10.00 -12
Income Tax Expense		 1.85 0.29 1.11 2.01
Preferred Stock Dividends Declared		 0.00 0.91 15 2.98
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -0.64 -8.25 -2.36
Basic Earnings per Share		 ($0.33) ($1.52) ($1.60) ($1.72)
Weighted Average Basic Shares Outstanding		 334.13M 475.81M 474.62M 645.23M
Diluted Earnings per Share		 ($0.33) ($1.52) ($1.60) ($1.72)
Weighted Average Diluted Shares Outstanding		 334.13M 475.81M 474.62M 645.23M
Weighted Average Basic & Diluted Shares Outstanding		 - - 2.45B 678.24M

Quarterly Income Statements for Lotus Technology

No quarterly income statements for Lotus Technology are available.

Annual Cash Flow Statements for Lotus Technology

This table details how cash moves in and out of Lotus Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 486 257 -300 32
Net Cash From Operating Activities		 -127 -351 -387 -849
Net Cash From Continuing Operating Activities		 -127 -351 -387 -849
Net Income / (Loss) Continuing Operations		 -111 -725 -750 -1,107
Consolidated Net Income / (Loss)		 -111 -725 -750 -1,107
Depreciation Expense		 2.06 13 55 76
Amortization Expense		 - -55 0.00 -0.03
Non-Cash Adjustments To Reconcile Net Income		 -536 80 87 347
Changes in Operating Assets and Liabilities, net		 518 336 222 -165
Net Cash From Investing Activities		 244 -149 -198 -579
Net Cash From Continuing Investing Activities		 244 -149 -198 -579
Purchase of Property, Plant & Equipment		 -35 -133 -214 -57
Acquisitions		 0.00 -3.11 -5.06 -0.41
Purchase of Investments		 0.00 -304 -39 -810
Sale of Property, Plant & Equipment		 0.01 1.07 5.12 6.54
Divestitures		 0.00 0.00 1.38 6.79
Sale and/or Maturity of Investments		 0.00 290 37 247
Other Investing Activities, net		 279 0.00 16 28
Net Cash From Financing Activities		 365 758 285 1,460
Net Cash From Continuing Financing Activities		 365 758 285 1,460
Repayment of Debt		 0.00 -96 -279 -461
Payment of Dividends		 -1.88 0.00 -0.15 0.00
Issuance of Debt		 148 482 534 1,542
Issuance of Preferred Equity		 0.00 317 0.00 0.00
Issuance of Common Equity		 198 0.15 4.46 825
Other Financing Activities, net		 20 54 25 -447
Cash Interest Paid		 0.00 0.47 8.09 8.14
Cash Income Taxes Paid		 0.06 1.76 1.15 0.68

Quarterly Cash Flow Statements for Lotus Technology

No quarterly cash flow statements for Lotus Technology are available.

Annual Balance Sheets for Lotus Technology

This table presents Lotus Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 1,372 1,585 2,286
Total Current Assets		 823 884 1,043
Cash & Equivalents		 737 419 103
Restricted Cash		 2.39 7.87 379
Accounts Receivable		 8.66 99 225
Inventories, net		 23 265 189
Prepaid Expenses		 53 93 147
Plant, Property, & Equipment, net		 253 355 316
Total Noncurrent Assets		 295 346 926
Long-Term Investments		 8.41 3.33 9.72
Noncurrent Note & Lease Receivables		 - - 270
Intangible Assets		 116 116 117
Other Noncurrent Operating Assets		 170 226 528
Other Noncurrent Nonoperating Assets		 0.54 0.32 2.57
Total Liabilities & Shareholders' Equity		 1,372 1,585 2,286
Total Liabilities		 1,457 2,412 3,146
Total Current Liabilities		 933 1,757 2,467
Short-Term Debt		 29 247 916
Accounts Payable		 7.24 361 472
Accrued Expenses		 507 710 605
Other Current Liabilities		 379 440 474
Total Noncurrent Liabilities		 524 655 678
Long-Term Debt		 77 82 74
Noncurrent Deferred & Payable Income Tax Liabilities		 0.13 0.00 294
Other Noncurrent Operating Liabilities		 447 573 310
Commitments & Contingencies		 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 368 384 0.00
Total Equity & Noncontrolling Interests		 -453 -1,211 -860
Total Preferred & Common Equity		 -452 -1,205 -853
Total Common Equity		 -452 -1,205 -853
Common Stock		 403 358 1,786
Retained Earnings		 -847 -1,589 -2,694
Accumulated Other Comprehensive Income / (Loss)		 18 25 55
Noncontrolling Interest		 -0.64 -5.40 -7.36

Quarterly Balance Sheets for Lotus Technology

No quarterly balance sheets for Lotus Technology are available.

Annual Metrics and Ratios for Lotus Technology

This table displays calculated financial ratios and metrics derived from Lotus Technology's official financial filings.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - -
Revenue Growth		 0.00% 159.21% 7,004.82% 36.13%
EBITDA Growth		 0.00% -573.17% 6.76% -5.96%
EBIT Growth		 0.00% -523.23% -6.73% -8.44%
NOPAT Growth		 0.00% -508.64% -7.06% -6.85%
Net Income Growth		 0.00% -555.53% -3.55% -47.59%
EPS Growth		 0.00% -360.61% -5.26% -7.50%
Operating Cash Flow Growth		 0.00% -177.79% -10.11% -119.29%
Free Cash Flow Firm Growth		 0.00% 0.00% -228.75% -276.48%
Invested Capital Growth		 0.00% 0.00% -29.80% 60.98%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
Gross Margin		 15.11% 24.14% 15.05% 3.21%
EBITDA Margin		 -2,985.84% -7,754.34% -101.76% -78.06%
Operating Margin		 -3,063.25% -7,192.77% -108.38% -85.07%
EBIT Margin		 -3,041.61% -7,313.15% -109.86% -86.33%
Profit (Net Income) Margin		 -2,997.86% -7,581.49% -110.49% -119.79%
Tax Burden Percent		 101.71% 100.04% 100.15% 100.18%
Interest Burden Percent		 96.91% 103.63% 100.43% 138.51%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 856.40% 164.57% 131.24%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -50.94% -50.46% -41.24%
Return on Assets (ROA)		 0.00% -52.81% -50.75% -57.22%
Return on Common Equity (ROCE)		 0.00% 4,579.00% 299.20% 160.08%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 160.17% 62.25% 129.83%
Net Operating Profit after Tax (NOPAT)		 -79 -481 -515 -550
NOPAT Margin		 -2,144.27% -5,034.94% -75.87% -59.55%
Net Nonoperating Expense Percent (NNEP)		 0.00% -77.13% -64.16% 285.74%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -421.95%
Cost of Revenue to Revenue		 84.89% 75.86% 84.95% 96.79%
SG&A Expenses to Revenue		 1,485.30% 1,552.46% 21.29% 24.61%
R&D to Revenue		 13,869.38% 4,665.10% 54.30% 29.73%
Operating Expenses to Revenue		 3,078.36% 7,216.91% 123.43% 89.21%
Earnings before Interest and Taxes (EBIT)		 -112 -699 -746 -798
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -110 -741 -691 -722
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 -1.25 -0.40 -1.15
Long-Term Debt to Equity		 0.00 -0.91 -0.10 -0.09
Financial Leverage		 0.00 7.46 0.80 -0.23
Leverage Ratio		 0.00 -16.22 -3.24 -2.29
Compound Leverage Factor		 0.00 -16.80 -3.26 -3.18
Debt to Total Capital		 0.00% 504.58% -65.94% 759.43%
Short-Term Debt to Total Capital		 0.00% 137.47% -49.56% 702.52%
Long-Term Debt to Total Capital		 0.00% 367.11% -16.38% 56.92%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 1,758.64% -75.85% -5.65%
Common Equity to Total Capital		 0.00% -2,163.22% 241.79% -653.79%
Debt to EBITDA		 0.00 -0.14 -0.48 -1.37
Net Debt to EBITDA		 0.00 0.87 0.15 -0.69
Long-Term Debt to EBITDA		 0.00 -0.10 -0.12 -0.10
Debt to NOPAT		 0.00 -0.22 -0.64 -1.80
Net Debt to NOPAT		 0.00 1.33 0.20 -0.91
Long-Term Debt to NOPAT		 0.00 -0.16 -0.16 -0.13
Altman Z-Score		 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% -434.68% -81.81% -21.97%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 0.88 0.50 0.42
Quick Ratio		 0.00 0.80 0.29 0.13
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 234 -302 -1,120
Operating Cash Flow to CapEx		 -365.88% -265.68% -185.49% -1,670.38%
Free Cash Flow to Firm to Interest Expense		 0.00 7.44 -29.59 -3.26
Operating Cash Flow to Interest Expense		 -26.01 -11.14 -37.93 -2.47
Operating Cash Flow Less CapEx to Interest Expense		 -33.12 -15.34 -58.39 -2.62
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.01 0.46 0.48
Accounts Receivable Turnover		 0.00 1.10 12.60 5.71
Inventory Turnover		 0.00 0.32 4.01 3.94
Fixed Asset Turnover		 0.00 0.04 2.23 2.75
Accounts Payable Turnover		 0.00 1.00 3.14 2.15
Days Sales Outstanding (DSO)		 0.00 330.59 28.96 63.97
Days Inventory Outstanding (DIO)		 0.00 1,142.98 91.09 92.56
Days Payable Outstanding (DPO)		 0.00 364.30 116.36 169.85
Cash Conversion Cycle (CCC)		 0.00 1,109.27 3.69 -13.33
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 -716 -929 -364
Invested Capital Turnover		 0.00 -0.03 -0.83 -1.42
Increase / (Decrease) in Invested Capital		 0.00 -716 -213 569
Enterprise Value (EV)		 0.00 0.00 0.00 0.00
Market Capitalization		 0.00 0.00 0.00 0.00
Book Value per Share		 $0.00 ($0.95) ($2.54) ($0.35)
Tangible Book Value per Share		 $0.00 ($1.20) ($2.78) ($0.40)
Total Capital		 0.00 21 -498 130
Total Debt		 0.00 106 329 991
Total Long-Term Debt		 0.00 77 82 74
Net Debt		 0.00 -642 -101 499
Capital Expenditures (CapEx)		 35 132 209 51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -820 -1,053 -990
Debt-free Net Working Capital (DFNWC)		 0.00 -81 -627 -508
Net Working Capital (NWC)		 0.00 -109 -874 -1,424
Net Nonoperating Expense (NNE)		 31 243 235 557
Net Nonoperating Obligations (NNO)		 0.00 -631 -102 496
Total Depreciation and Amortization (D&A)		 2.06 -42 55 76
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -8,576.59% -155.13% -107.15%
Debt-free Net Working Capital to Revenue		 0.00% -844.07% -92.27% -54.96%
Net Working Capital to Revenue		 0.00% -1,144.88% -128.65% -154.10%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.60) ($1.72)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 474.62M 645.23M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.60) ($1.72)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 474.62M 645.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 2.45B 678.24M
Normalized Net Operating Profit after Tax (NOPAT)		 -79 -481 -515 -550
Normalized NOPAT Margin		 -2,144.27% -5,034.94% -75.87% -59.55%
Pre Tax Income Margin		 -2,947.60% -7,578.43% -110.33% -119.57%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 -23.06 -22.16 -73.13 -2.32
NOPAT to Interest Expense		 -16.26 -15.26 -50.51 -1.60
EBIT Less CapEx to Interest Expense		 -30.17 -26.36 -93.58 -2.47
NOPAT Less CapEx to Interest Expense		 -23.37 -19.45 -70.96 -1.75
Payout Ratios		 - - - -
Dividend Payout Ratio		 -1.70% 0.00% -0.02% 0.00%
Augmented Payout Ratio		 -1.70% 0.00% -0.02% 0.00%

Quarterly Metrics and Ratios for Lotus Technology

No quarterly metrics and ratios for Lotus Technology are available.

Frequently Asked Questions About Lotus Technology's Financials

When does Lotus Technology's fiscal year end?

According to the most recent income statement we have on file, Lotus Technology's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Lotus Technology's net income changed over the last 3 years?

Lotus Technology's net income appears to be on an upward trend, with a most recent value of -$1.11 billion in 2024, rising from -$110.53 million in 2021. The previous period was -$750.26 million in 2023.

What is Lotus Technology's operating income?
Lotus Technology's total operating income in 2024 was -$786.32 million, based on the following breakdown:
  • Total Gross Profit: $29.63 million
  • Total Operating Expenses: $824.59 million
How has Lotus Technology revenue changed over the last 3 years?

Over the last 3 years, Lotus Technology's total revenue changed from $3.69 million in 2021 to $924.35 million in 2024, a change of 24,970.5%.

How much debt does Lotus Technology have?

Lotus Technology's total liabilities were at $3.15 billion at the end of 2024, a 30.4% increase from 2023, and a 116.0% increase since 2022.

How much cash does Lotus Technology have?

In the past 2 years, Lotus Technology's cash and equivalents has ranged from $103.07 million in 2024 to $736.61 million in 2022, and is currently $103.07 million as of their latest financial filing in 2024.

How has Lotus Technology's book value per share changed over the last 3 years?

Over the last 3 years, Lotus Technology's book value per share changed from 0.00 in 2021 to -0.35 in 2024, a change of -34.8%.


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This page (NASDAQ:LOTWW) was last updated on 5/4/2025 by MarketBeat.com Staff
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