← Lotus Technology Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $42.7m |
$60.1m
+40.55%
|
$84.7m
+41.06%
|
$102.4m
+20.86%
|
$65.8m
-35.77%
|
$3.7m
-94.39%
|
$9.6m
+159.21%
|
$679.0m
+7004.82%
|
$924.3m
+36.13%
|
$519.1m
-43.84%
|
$519.1m
0.00%
|
|
| Cost of Revenue | $35.5m |
$44.1m
+24.27%
|
$80.6m
+82.72%
|
$72.5m
-9.98%
|
$46.2m
-36.36%
|
($3.1m)
-106.78%
|
$7.2m
+331.63%
|
$576.8m
+7856.23%
|
$894.7m
+55.11%
|
$473.9m
-47.04%
|
$473.9m
0.00%
|
|
| Gross Profit | $7.2m |
$16.0m
+120.28%
|
$4.2m
-74.00%
|
$29.9m
+619.62%
|
$19.6m
-34.35%
|
$557k
-97.16%
|
$2.3m
+314.18%
|
$102.2m
+4329.17%
|
$29.6m
-71.01%
|
$45.2m
+52.60%
|
$45.2m
0.00%
|
|
| Research and Development Expense | $6.9m | $7.6m | $3.2m | $3.1m | $7.0m | $511.4m | $445.8m | $368.7m | $274.8m | $171.0m | $171.0m | |
| Selling and Marketing Expense | $5.6m | $4.5m | $8.0m | $9.1m | $4.4m | $38.1m | $151.3m | $328.9m | $322.3m | $148.3m | $284.1m | |
| General and Administrative Expense | $20.2m | $32.8m | $34.7m | $41.3m | $26.1m | $54.8m | $148.4m | $144.5m | $227.5m | $135.8m | $135.8m | |
| Operating Expenses | $47.2m | $46.6m | $45.1m | $54.1m | $39.8m | $113.5m | $689.7m | $838.1m | $815.9m | $468.4m | $416.6m | |
| Loss from operations | ($39.9m) |
($30.6m)
+23.30%
|
($40.9m)
-33.69%
|
($24.2m)
+40.76%
|
($20.2m)
+16.77%
|
($61.6m)
-205.19%
|
($82.3m)
-33.67%
|
($69.3m)
+15.77%
|
($71.6m)
-3.32%
|
($57.3m)
+19.99%
|
— | |
| Operating Income (Loss) | — | — | — | — | — | ($112.9m) |
($687.4m)
-508.64%
|
($735.9m)
-7.06%
|
($786.3m)
-6.85%
|
($423.2m)
+46.18%
|
($371.4m)
+12.24%
|
|
| Interest Expense | $903k | $549k | $898k | $1.6m | $1.5m | $3.6m | $8.5m | $10.2m | $58.2m | $63.3m | $63.3m | |
| Interest Income, Operating | $184k | $74k | $68k | $40k | $55k | $6.2m | $12.2m | $9.2m | $22.3m | $28.1m | $28.1m | |
| Interest income (including related parties amounts of US$20,725, US$13,661 and US$122 for the years ended December 31, 2025, 2024 and 2023, respectively) | $184k | $74k | $68k | $40k | $55k | $6.2m | $12.2m | $9.2m | $22.3m | $28.1m | $28.1m | |
| Investment income (loss), net | — | — | — | — | — | $2.2m | ($3.2m) | ($1.2m) | $14.2m | $10.7m | — | |
| Investment Income, Net | — | — | — | — | — | $2.2m | ($3.2m) | ($1.2m) | $14.2m | $10.7m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $8k | $22k | ($4k) | $57k | ($18k) | $798k | ($11.5m) | $42k | ($11.7m) | $25.7m | — | |
| Income (Loss) from Equity Method Investments | — | $0 | $0 | ($960k) | $463k | ($267k) | ($2.8m) | ($1.0m) | ($171k) | $2.0m | — | |
| Loss before income taxes and share of results of equity method investments | ($40.3m) | ($30.9m) | ($45.4m) | ($25.4m) | ($19.8m) | — | — | ($748.1m) | ($1.1b) | ($450.3m) | — | |
| Share of results of equity method investments | — | $0 | $0 | ($960k) | $463k | ($267k) | ($2.8m) | ($1.0m) | ($171k) | $2.0m | — | |
| Other income, net | ($426k) | ($284k) | ($4.4m) | ($1.1m) | $337k | $35.2m | $176.0m | $7.9m | $20.2m | $13.6m | ($43.7m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | ($724.3m) | ($749.1m) | ($1.1b) | — | ($450.3m) | |
| Fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes | — | — | — | — | — | $119k | ($893k) | ($8.7m) | $13.5m | $13.9m | — | |
| Foreign currency translation adjustment, net of nil income taxes | — | — | — | — | — | ($843k) | $18.7m | $16.2m | $16.4m | ($29.2m) | — | |
| Loss before income tax | — | — | — | ($25.4m) | ($19.8m) | ($26.4m) | $93.7m | ($61.5m) | ($51.4m) | ($43.7m) | — | |
| Income Tax Expense (Benefit) | $546k | $308k | $16k | $398k | $282k | $1.9m | $292k | $1.1m | $2.0m | $15.9m | $15.9m | |
| Net loss | ($40.9m) | ($31.2m) | ($45.4m) | ($25.8m) | ($20.1m) | ($110.5m) | ($724.6m) | ($750.3m) | ($1.1b) | ($464.2m) | — | |
| Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - Basic | — | — | — | — | 4.6m | 334.1m | 475.8m | 474.6m | 645.2m | 648.5m | — | |
| Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - Diluted | — | — | — | — | 4.6m | 334.1m | 475.8m | 474.6m | 645.2m | 648.5m | — | |
| Net loss attributable to ordinary shareholders | ($40.9m) |
($31.4m)
+23.08%
|
($44.1m)
-40.16%
|
($25.4m)
+42.47%
|
($19.2m)
+24.09%
|
($110.5m)
-474.29%
|
($723.9m) | ($742.0m) | ($1.1b) | ($464.2m) | — | |
| Net loss available to ordinary shareholders | — | — | — | — | — | ($110.5m) | ($724.8m) | ($757.1m) | ($1.1b) | ($464.2m) | — | |
| Net Income (Loss) Attributable to Parent | ($40.9m) |
($31.4m)
+23.08%
|
($44.1m)
-40.16%
|
($25.4m)
+42.47%
|
($19.2m)
+24.09%
|
($110.5m)
-474.29%
|
($723.9m)
-554.95%
|
($742.0m)
-2.50%
|
($1.1b)
-48.91%
|
($464.2m)
+57.99%
|
($464.2m)
0.00%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | ($110.5m) |
($724.8m)
-555.77%
|
($757.1m)
-4.45%
|
($1.1b)
-46.33%
|
($464.2m)
+58.10%
|
($464.2m)
0.00%
|
|
| Less: Net loss attributable to noncontrolling interests | $0 | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($642k) | ($8.3m) | ($2.4m) | ($2k) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($642k) | ($8.3m) | ($2.4m) | ($2k) | ($464.2m) | |
| Earnings Per Share, Basic | ($7.23) | ($4.90) | ($19.19) | ($6.49) | ($4.16) | ($0.33) | ($1.52) | ($1.60) | ($1.72) | ($0.72) | ($0.72) | |
| Earnings Per Share, Diluted | ($7.23) | ($4.90) | ($19.19) | ($6.49) | ($4.16) | ($0.33) | ($1.52) | ($1.60) | ($1.72) | ($0.72) | ($0.72) | |
| Accretion of redeemable convertible preferred shares | — | — | — | — | — | — | ($910k) | ($15.1m) | ($3.0m) | $0 | — | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | 4.6m | 334.1m | 475.8m | 474.6m | 645.2m | 648.5m | 648.5m | |
| Weighted - average shares -basic and diluted | $5.7m | $6.4m | $2.3m | $3.9m | $4.6m | $12.7m | — | — | — | — | — | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | 4.6m | 334.1m | 475.8m | 474.6m | 645.2m | 648.5m | 648.5m | |
| Additional Financial Items | ||||||||||||
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $0 | — | |
| Impairment of long-lived assets | — | — | — | — | — | — | — | $0 | $0 | ($51.8m) | — | |
| Foreign currency exchange gains (losses), net | $8k | $22k | ($4k) | $57k | ($18k) | $798k | ($11.5m) | $42k | ($11.7m) | $25.7m | — | |
| Changes in fair values of liabilities, excluding impact of instrument-specific credit risk | — | — | — | — | — | ($1.4m) | ($23.0m) | ($7.5m) | ($285.4m) | ($28.3m) | — | |
| Less: Total comprehensive loss attributable to noncontrolling interests | $0 | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($642k) | ($8.3m) | ($2.4m) | ($2k) | — | |
| Allowance for (net recovery of) credit losses | $14.5m | $1.8m | ($841k) | $611k | $2.2m | $8.2m | ($659k) | ($9.0m) | $4.1m | ($2.9m) | — | |
| Impairment loss of property and equipment and other long-lived assets | — | — | — | $0 | $0 | $768k | $0 | $1.0m | $0 | $0 | — | |
| Subsidy income | $289k | $133k | $372k | $1.1m | $1.2m | $356k | $12k | $325k | $131k | $86k | — | |
| Loss (gain) in fair value changes of warrants liability | — | — | — | $0 | $0 | $35.4m | $174.5m | $6.1m | ($934k) | $6k | — | |
| Impairment loss on goodwill and intangible assets | — | — | — | — | $0 | $0 | ($2.3m) | ($10.0m) | $0 | $0 | — | |
| Foreign currency translation adjustment | $99k | ($30k) | $1.8m | $1.4m | ($84k) | ($851k) | $9.3m | $23.8m | $2.0m | ($3.6m) | — | |
| Remeasurement gain of previously held equity interests in connection with step acquisition | — | — | — | $0 | $0 | $979k | $0 | $0 | — | — | — | |
| Impairment loss of investment in unconsolidated entity | $0 | $0 | $4.0m | $0 | — | — | — | — | — | — | — | |
| Change in fair value of warrants liability | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Loss from warrants redemption | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Total other comprehensive (loss) income | — | — | — | — | — | ($724k) | $17.8m | $7.6m | $29.9m | ($15.3m) | — | |
| Total comprehensive loss | ($40.8m) | ($31.2m) | ($43.6m) | ($24.4m) | ($20.2m) | ($111.3m) | ($706.8m) | ($742.7m) | ($1.1b) | ($479.6m) | — | |
| Total comprehensive loss attributable to ordinary shareholders | ($40.8m) | ($31.5m) | ($42.3m) | ($24.0m) | ($19.3m) | ($111.3m) | ($706.1m) | ($734.4m) | ($1.1b) | ($479.6m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.