Luckin Coffee Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	49,288	34,475	24,903	13,293	7,965
Revenue Growth (YoY)	42.97%	38.44%	87.34%	66.89%	97.48%
Cost of Revenue	18,783	14,115	10,892	5,179	3,199
Gross Profit	30,505	20,360	14,011	8,114	4,767
Selling, General & Admin	23,773	15,703	10,294	6,233	4,463
Operating Expenses	25,416	16,962	11,009	6,661	4,945
Operating Income	5,088	3,397	3,002	1,453	-178.13
Interest Expense	-0.13	-3.92	-	-23.48	-35.49
Interest & Investment Income	188.63	89.2	108.68	84.92	102.25
Currency Exchange Gain (Loss)	-26.75	-13.24	2.97	10.66	12.44
Other Non Operating Income (Expenses)	73.8	233.74	90.8	-20.91	-356.07
EBT Excluding Unusual Items	5,324	3,703	3,205	1,504	-455
Asset Writedown	-8.5	-8.93	-5.23	-221.81	-21.37
Legal Settlements	-35.33	-	-92.19	-279.97	991.16
Other Unusual Items	-	-	-	124.14	-
Pretax Income	5,280	3,694	3,107	1,127	514.79
Income Tax Expense	1,680	762.55	259.43	638.5	-63.86
Earnings From Continuing Operations	3,600	2,932	2,848	488.25	578.65
Minority Interest in Earnings	-	-	-	-	-0.11
Net Income	3,600	2,932	2,848	488.25	578.55
Net Income to Common	3,600	2,932	2,848	488.25	578.55
Net Income Growth	22.81%	2.94%	483.30%	-15.61%	-
Shares Outstanding (Basic)	321	318	317	309	256
Shares Outstanding (Diluted)	321	319	317	315	267
Shares Change (YoY)	0.79%	0.61%	0.65%	17.81%	5.63%
EPS (Basic)	11.23	9.21	9.00	1.58	2.26
EPS (Diluted)	11.20	9.20	8.96	1.52	2.16
EPS Growth	21.74%	2.68%	489.47%	-29.63%	-
Free Cash Flow	6,091	1,927	150.21	-761.86	-49.77
Free Cash Flow Per Share	18.97	6.05	0.47	-2.42	-0.19
Gross Margin	61.89%	59.06%	56.26%	61.04%	59.84%
Operating Margin	10.32%	9.86%	12.06%	10.93%	-2.24%
Profit Margin	7.31%	8.50%	11.44%	3.67%	7.26%
Free Cash Flow Margin	12.36%	5.59%	0.60%	-5.73%	-0.63%
EBITDA	6,646	4,585	3,606	1,845	287.11
EBITDA Margin	13.48%	13.30%	14.48%	13.88%	3.60%
D&A For EBITDA	1,557	1,188	603.97	391.72	465.24
EBIT	5,088	3,397	3,002	1,453	-178.13
EBIT Margin	10.32%	9.86%	12.06%	10.93%	-2.24%
Effective Tax Rate	31.81%	20.64%	8.35%	56.67%	-
Revenue as Reported	49,288	34,475	24,903	13,293	7,965
Advertising Expenses	-	1,206	801.08	338	243.67

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.