Lotus Technology Inc. (LOT)

Lotus Technology Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	844.09	924.35	679.01	9.56	3.69
Revenue Growth (YoY)	1.33%	36.13%	7004.82%	159.21%	-
Cost of Revenue	833.63	894.72	576.83	7.25	3.13
Gross Profit	10.46	29.63	102.18	2.31	0.56
Selling, General & Admin	459.57	549.79	473.47	299.7	92.83
Research & Development	218.71	274.8	368.73	445.84	511.36
Other Operating Expenses	-11.83	-8.64	-4.08	-55.82	-490.69
Operating Expenses	666.46	815.95	838.12	689.72	113.5
Operating Income	-656	-786.32	-735.94	-687.41	-112.94
Interest Expense	-88.54	-58.22	-10.2	-8.54	-3.62
Interest & Investment Income	46.16	36.52	9.2	12.19	8.45
Earnings From Equity Investments	-0.78	-0.17	-1.05	-2.76	-
Currency Exchange Gain (Loss)	8.85	-11.66	0.04	-11.51	0.8
Other Non Operating Income (Expenses)	-340.47	-285.42	-10.04	-22.99	-1.37
EBT Excluding Unusual Items	-1,031	-1,105	-747.98	-721.03	-108.68
Gain (Loss) on Sale of Investments	1.39	-	-1.16	-3.25	-
Pretax Income	-1,029	-1,105	-749.14	-724.27	-108.68
Income Tax Expense	2.5	2.01	1.11	0.29	1.85
Earnings From Continuing Operations	-1,032	-1,107	-750.26	-724.56	-110.53
Minority Interest in Earnings	2.01	2.36	8.25	0.64	-
Net Income	-1,030	-1,105	-742	-723.92	-110.53
Preferred Dividends & Other Adjustments	-	2.98	15.12	0.91	-
Net Income to Common	-1,030	-1,108	-757.12	-724.83	-110.53
Shares Outstanding (Basic)	670	645	475	476	334
Shares Outstanding (Diluted)	670	645	475	476	334
Shares Change (YoY)	35.29%	35.95%	-0.25%	42.40%	-
EPS (Basic)	-1.54	-1.72	-1.60	-1.52	-0.33
EPS (Diluted)	-1.54	-1.72	-1.60	-1.52	-0.33
Free Cash Flow	-	-905.86	-600.65	-484.76	-161.1
Free Cash Flow Per Share	-	-1.40	-1.27	-1.02	-0.48
Gross Margin	1.24%	3.21%	15.05%	24.14%	15.11%
Operating Margin	-77.72%	-85.07%	-108.38%	-7192.77%	-3063.25%
Profit Margin	-122.01%	-119.86%	-111.50%	-7584.29%	-2997.86%
Free Cash Flow Margin	-	-98.00%	-88.46%	-5072.35%	-4369.27%
EBITDA	-574.13	-709.83	-680.98	-674.62	-110.89
EBITDA Margin	-68.02%	-76.79%	-100.29%	-	-
D&A For EBITDA	81.87	76.49	54.96	12.79	2.06
EBIT	-656	-786.32	-735.94	-687.41	-112.94
EBIT Margin	-77.72%	-85.07%	-108.38%	-	-
Revenue as Reported	844.09	924.35	679.01	9.56	3.69
Advertising Expenses	-	134.61	150.92	90.43	21.21

Updated Jun 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q