Lotus Technology (LOTWW) Financials

$0.19 +0.06 (+48.44%)

Closing price 05/23/2025 07:00 AM Eastern

Extended Trading

$0.19 0.00 (0.00%)

As of 05/23/2025 07:00 AM Eastern

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

No quarterly income statements for Lotus Technology are available.

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

No quarterly cash flow statements for Lotus Technology are available.

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

No quarterly balance sheets for Lotus Technology are available.

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

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

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 5/24/2025 by MarketBeat.com Staff

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Lotus Technology (LOTWW) Financials

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Lotus Technology (LOTWW) Financials

Annual Income Statements for Lotus Technology

Quarterly Income Statements for Lotus Technology

Annual Cash Flow Statements for Lotus Technology

Quarterly Cash Flow Statements for Lotus Technology

Annual Balance Sheets for Lotus Technology

Quarterly Balance Sheets for Lotus Technology

Annual Metrics And Ratios for Lotus Technology

Quarterly Metrics And Ratios for Lotus Technology

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