Luckin Coffee Inc. (LKNCY)

Luckin Coffee Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	7,586	2,294	4,362	2,926	3,534	6,478
Short-Term Investments	5,871	5,907	1,378	564.02	-	-
Cash & Short-Term Investments	13,457	8,202	5,740	3,490	3,534	6,478
Cash Growth	56.85%	42.89%	64.48%	-1.26%	-45.44%	28.12%
Accounts Receivable	997.17	736.89	549.71	294.83	210.7	210.17
Other Receivables	-	84.48	19.59	4.18	0.2	4.36
Receivables	997.17	821.37	569.3	299.01	210.91	214.53
Inventory	2,850	3,091	2,627	2,339	1,315	672.67
Prepaid Expenses	2,643	450.06	309.22	273.27	206.06	234.89
Restricted Cash	114.19	5.36	3.78	66.08	7.86	58.2
Other Current Assets	-	1,862	1,482	1,133	762.82	725.43
Total Current Assets	20,062	14,431	10,732	7,600	6,037	8,383
Property, Plant & Equipment	15,561	13,927	11,003	9,356	3,871	3,043
Long-Term Investments	1,344	700	150	150	-	-
Other Intangible Assets	-	143.28	146.28	31.95	26.08	6.95
Long-Term Deferred Tax Assets	261.12	217.04	271.6	350.08	208.47	702.94
Other Long-Term Assets	1,099	883.01	823.48	804.4	337.42	176.42
Total Assets	38,327	30,302	23,126	18,292	10,480	12,312

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,431	1,104	738.68	814.66	441.38	293.7
Accrued Expenses	5,612	3,111	2,161	1,631	1,010	864.29
Short-Term Debt	3,250	-	300	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	2,931
Current Portion of Leases	3,374	2,948	2,343	1,851	880.87	598.06
Current Income Taxes Payable	-	381.98	339.36	102.24	105.97	36.5
Current Unearned Revenue	139.55	156.29	153.25	123.42	97.37	96.21
Other Current Liabilities	143.57	805.59	653.69	940.44	293.52	1,771
Total Current Liabilities	13,950	8,507	6,689	5,463	2,829	6,592
Long-Term Debt	-	-	33.6	-	-	-
Long-Term Leases	4,859	4,316	3,331	3,115	1,024	575.06
Long-Term Deferred Tax Liabilities	533.36	339.8	-	-	-	-
Total Liabilities	19,343	13,162	10,053	8,578	3,853	7,167

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.03	0.03	0.03	0.03	0.03	0.02
Additional Paid-In Capital	18,003	17,278	16,705	16,277	16,037	15,038
Retained Earnings	1,866	-1,985	-5,586	-8,538	-11,385	-11,874
Comprehensive Income & Other	254.48	331.64	438.54	396.94	397.3	466.86
Total Common Equity	17,469	15,625	11,558	8,136	5,049	3,631
Shareholders' Equity	18,984	17,139	13,073	9,714	6,627	5,146
Total Liabilities & Equity	38,327	30,302	23,126	18,292	10,480	12,312

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	11,484	7,264	6,008	4,966	1,905	4,105
Net Cash (Debt)	1,974	937.37	-267.67	-1,476	1,629	2,373
Net Cash Growth	14.60%	-	-	-	-31.35%	15.51%
Net Cash Per Share	6.16	2.92	-0.84	-4.66	5.18	8.89
Filing Date Shares Outstanding	314.67	323.21	320.18	319.28	314.37	303.55
Total Common Shares Outstanding	314.67	323.71	322.15	318.22	316.53	298.83
Working Capital	6,112	5,924	4,043	2,137	3,208	1,792
Book Value Per Share	55.52	48.27	35.88	25.57	15.95	12.15
Tangible Book Value	17,469	15,481	11,412	8,104	5,023	3,624
Tangible Book Value Per Share	55.52	47.82	35.42	25.47	15.87	12.13
Buildings	-	859.16	689.45	480.79	811.67	798.66
Machinery	-	4,918	3,878	2,815	1,599	1,443
Construction In Progress	-	380.67	152.98	345.9	53.1	15.05
Leasehold Improvements	-	4,379	3,140	2,235	1,127	873.45

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error