Income Statement Lotus Technology Inc.

Equities

LOT

US54572F1012

Auto & Truck Manufacturers

End-of-day quote Nasdaq Other stock markets 16/07/2025			5-day change	1st Jan Change
2.260 ^USD	+3.20%		+5.12%	-37.40%

07-01	Lotus Technology to Fully Acquire Lotus UK Following Etika, Geely Put Options	MT
06-30	Lotus Technology Inc. agreed to acquire 49% stake in Lotus Advance Technologies Sdn Bhd from Etika Automotive Sdn. Bhd.	CI

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Published financial data: LOTUS TECHNOLOGY INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024
Revenues	3.69M	9.56M	679M	924M
Total Revenues	3.69M	9.56M	679M	924M
Cost of Goods Sold, Total	3.13M	7.25M	577M	895M
Gross Profit	557K	2.31M	102M	29.63M
Selling General & Admin Expenses, Total	92.83M	300M	473M	550M
R&D Expenses	511M	446M	369M	275M
Other Operating Expenses	-491M	-55.82M	-4.08M	-8.64M
Other Operating Expenses, Total	113M	690M	838M	816M
Operating Income	-113M	-687M	-736M	-786M
Interest Expense, Total	-3.62M	-8.54M	-10.2M	-58.22M
Interest And Investment Income	8.45M	12.19M	9.2M	36.52M
Net Interest Expenses	4.83M	3.65M	-996K	-21.7M
Income (Loss) On Equity Invest.	-	-2.76M	-1.05M	-171K
Currency Exchange Gains (Loss)	798K	-11.5M	42K	-11.66M
Other Non Operating Income (Expenses)	-1.37M	-22.99M	-10.04M	-285M
EBT, Excl. Unusual Items	-109M	-721M	-748M	-1.11B
Gain (Loss) On Sale Of Investments	-	-3.25M	-1.16M	-
EBT, Incl. Unusual Items	-109M	-724M	-749M	-1.11B
Income Tax Expense	1.85M	292K	1.11M	2.01M
Earnings From Continuing Operations	-111M	-725M	-750M	-1.11B
Net Income to Company	-111M	-725M	-750M	-1.11B
Minority Interest	-	642K	8.25M	2.36M
Net Income - (IS)	-111M	-724M	-742M	-1.1B
Preferred Dividend and Other Adjustments	-	-	15.12M	2.98M
Net Income to Common Incl Extra Items	-111M	-724M	-757M	-1.11B
Net Income to Common Excl. Extra Items	-111M	-724M	-757M	-1.11B
Per Share Items
Net EPS - Basic	-0.07	-0.34	-1.6	-1.72
Basic EPS - Continuing Operations	-0.07	-0.34	-1.6	-1.72
Basic Weighted Average Shares Outstanding	1.51B	2.15B	475M	645M
Net EPS - Diluted	-0.07	-0.34	-1.6	-1.72
Diluted EPS - Continuing Operations	-0.07	-0.34	-1.6	-1.72
Diluted Weighted Average Shares Outstanding	1.51B	2.15B	475M	645M
Normalized Basic EPS	-0.05	-0.21	-0.97	-1.07
Normalized Diluted EPS	-0.05	-0.21	-0.97	-1.07
Payout Ratio	-1.7	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1
Supplemental Items
EBITDA	-111M	-675M	-681M	-710M
EBITA	-113M	-687M	-736M	-786M
EBIT	-113M	-687M	-736M	-786M
EBITDAR	-103M	-650M	-649M	-675M
Total Revenues (As Reported)	3.69M	9.56M	679M	924M
Effective Tax Rate - (Ratio)	-1.7	-0.04	-0.15	-0.18
Current Domestic Taxes	852K	73K	727K	1.29M
Current Foreign Taxes	785K	219K	386K	725K
Total Current Taxes	1.64M	292K	1.11M	2.01M
Deferred Foreign Taxes	216K	-	-	-
Total Deferred Taxes	216K	-	-	-
Normalized Net Income	-67.92M	-450M	-459M	-688M
Interest on Long-Term Debt	-	90K	-	13.66M
Supplemental Operating Expense Items
Advertising Expense	21.21M	90.43M	151M	135M
Selling and Marketing Expenses	38.07M	151M	329M	322M
General and Administrative Expenses	54.76M	148M	145M	227M
Research And Development Expense From Footnotes	511M	446M	369M	275M
Net Rental Expense, Total	7.47M	24.34M	32.24M	35.22M
Imputed Operating Lease Interest Expense	-	3.79M	3.39M	15.68M
Imputed Operating Lease Depreciation	-	20.55M	28.85M	19.54M
Stock-Based Comp., G&A Exp. (Total)	-	10.62M	-	31.93M
Total Stock-Based Compensation	-	10.62M	-	31.93M

Fiscal Period: December	2021	2022	2023	2024
Assets
Cash And Equivalents	531M	737M	419M	103M
Short Term Investments	969K	3.75M	4M	3.42M
Total Cash And Short Term Investments	532M	740M	423M	106M
Accounts Receivable, Total	5.88M	8.54M	99.09M	225M
Other Receivables	427M	244K	4.27M	26.81M
Notes Receivable	-	2.37M	3.01M	19.02M
Total Receivables	433M	11.16M	106M	271M
Inventory	1.98M	28.82M	287M	222M
Prepaid Expenses	-	-	59K	-
Restricted Cash	-	2.39M	7.87M	379M
Other Current Assets, Total	58.04M	40.74M	59.88M	64.64M
Total Current Assets	1.03B	823M	884M	1.04B
Gross Property Plant And Equipment	170M	428M	594M	583M
Accumulated Depreciation	-2.98M	-15.46M	-66.26M	-123M
Net Property Plant And Equipment	167M	412M	528M	460M
Long-term Investments	-	8.65M	7.79M	9.72M
Other Intangibles, Total	116M	116M	116M	116M
Loans Receivable Long-Term	-	-	-	270M
Other Long-Term Assets, Total	8.19M	11.28M	49.09M	386M
Total Assets	1.32B	1.37B	1.58B	2.29B
Liabilities
Accounts Payable, Total	158M	179M	605M	682M
Accrued Expenses, Total	90.12M	206M	250M	274M
Short-term Borrowings	161M	39.77M	247M	916M
Current Portion of Long-Term Debt	-	355M	379M	-
Current Portion of Leases	10.29M	15.83M	17.6M	15.12M
Unearned Revenue Current, Total	6K	7.85M	44.18M	34.11M
Other Current Liabilities	312M	129M	214M	546M
Total Current Liabilities	732M	933M	1.76B	2.47B
Long-Term Debt	-	149M	157M	177M
Long-Term Leases	47.64M	98.96M	104M	79.06M
Unearned Revenue Non Current	342M	258M	276M	303M
Deferred Tax Liability Non Current	141K	126K	-	-
Other Non Current Liabilities	251K	17.58M	117M	120M
Total Liabilities	1.12B	1.46B	2.41B	3.15B
Preferred Stock Convertible	-	368M	384M	-
Total Preferred Equity	-	368M	384M	-
Common Stock, Total	22K	21K	21K	7K
Additional Paid In Capital	424M	403M	358M	1.79B
Retained Earnings	-123M	-847M	-1.59B	-2.69B
Comprehensive Income and Other	-106M	-8.74M	25.27M	55.16M
Total Common Equity	195M	-452M	-1.21B	-853M
Minority Interest	-	-642K	-5.4M	-7.36M
Total Equity	195M	-84.61M	-827M	-860M
Total Liabilities And Equity	1.32B	1.37B	1.58B	2.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.17B	2.14B	677M	678M
ECS Total Common Shares Outstanding	2.17B	2.14B	475M	677M
Book Value / Share	0.09	-0.21	-2.54	-1.26
Tangible Book Value	79.2M	-569M	-1.32B	-969M
Tangible Book Value Per Share	0.04	-0.27	-2.78	-1.43
Total Debt	219M	658M	905M	1.19B
Net Debt	-313M	-90.32M	478M	1.08B
Debt Equivalent Oper. Leases	59.74M	195M	258M	282M
Minority Interest, Total (Incl. Fin. Div)	-	-642K	-5.4M	-7.36M
Equity Method Investments, Total	-	-	-	7.5M
Account Code - Inventory Valuation	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	828K
Inventories - Work In Process, Total	-	-	-	86K
Inventories - Finished Goods, Total	-	22.7M	265M	188M
Buildings, Total	-	-	-	8.35M
Machinery, Total	15.86M	130M	194M	243M
Full Time Employees	-	2.91K	3.18K	2K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	383K	3.56M

Fiscal Period: December	2021	2022	2023	2024
Net Income	-111M	-724M	-742M	-1.1B
Depreciation & Amortization - CF	2.06M	12.79M	54.96M	76.49M
Depreciation & Amortization, Total	2.06M	12.79M	54.96M	76.49M
Minority Interest in Earnings - (CF)	1.37M	22.99M	7.53M	-
(Income) Loss On Equity Investments - (CF)	-	2.76M	1.05M	171K
Stock-Based Compensation (CF)	-	10.62M	-	31.93M
Provision and Write-off of Bad Debts	-	-	389K	5.82M
Other Operating Activities, Total	-484M	-18.58M	26.92M	314M
Change In Accounts Receivable	-89K	-2.98M	-89.62M	-156M
Change In Inventories	-1.96M	-21.63M	-235M	69.68M
Change In Accounts Payable	-	7.56M	356M	120M
Change in Unearned Revenues	1.93M	6.29M	42.39M	-7.15M
Change in Other Net Operating Assets	465M	353M	190M	-199M
Cash from Operations	-127M	-351M	-387M	-849M
Capital Expenditure	-34.59M	-133M	-214M	-57.34M
Sale of Property, Plant, and Equipment	14K	1.07M	5.12M	6.54M
Divestitures	-	-	1.38M	6.79M
Investment in Marketable and Equity Securities, Total	-	-14.19M	-5.88M	-307K
Other Investing Activities, Total	279M	-2.95M	15.12M	-535M
Cash from Investing	244M	-149M	-198M	-579M
Short Term Debt Issued, Total	148M	28.17M	481M	1.03B
Long-Term Debt Issued, Total	-	454M	53.18M	148M
Total Debt Issued	148M	482M	534M	1.18B
Short Term Debt Repaid, Total	-	-9.84M	-273M	-461M
Long-Term Debt Repaid, Total	-	-57.43M	-5.65M	-366M
Total Debt Repaid	-	-67.27M	-279M	-827M
Issuance of Common Stock	214M	-	-	1.19B
Issuance of Preferred Stock	-	346M	-	-
Common Dividends Paid	-1.88M	-	-	-
Common & Preferred Stock Dividends Paid	-1.88M	-	-	-
Other Financing Activities, Total	4.64M	-3.13M	28.9M	-86.33M
Cash from Financing	365M	758M	285M	1.46B
Foreign Exchange Rate Adjustments	2.94M	-49.22M	-12.19M	26.24M
Net Change in Cash	486M	208M	-312M	57.8M
Supplemental Items
Cash Interest Paid	-	471K	8.09M	8.14M
Cash Income Tax Paid (Refund)	32K	1.63M	1.11M	551K
Levered Free Cash Flow	-	-173M	-422M	-531M
Unlevered Free Cash Flow	-	-168M	-415M	-494M
Change In Net Working Capital	-	-372M	-203M	53.82M
Net Debt Issued / Repaid	148M	415M	256M	354M

Fiscal Period: December	2021	2022	2023	2024
Profitability
Return on Assets	-	-31.95	-31.11	-25.4
Return on Total Capital	-	-86.95	-143.65	-242.66
Return On Equity %	-	-1.31K	164.57	131.24
Return on Common Equity	-	563.25	91.35	107.66
Margin Analysis
Gross Profit Margin %	15.11	24.14	15.05	3.2
SG&A Margin	2.52K	3.14K	69.73	59.48
EBITDA Margin %	-3.01K	-7.06K	-100.29	-76.79
EBITA Margin %	-3.06K	-7.19K	-108.38	-85.07
EBIT Margin %	-3.06K	-7.19K	-108.38	-85.07
Income From Continuing Operations Margin %	-3K	-7.58K	-110.49	-119.79
Net Income Margin %	-3K	-7.57K	-109.28	-119.54
Net Avail. For Common Margin %	-3K	-7.57K	-111.5	-119.86
Normalized Net Income Margin	-1.84K	-4.71K	-67.63	-74.48
Levered Free Cash Flow Margin	-	-1.81K	-62.11	-57.4
Unlevered Free Cash Flow Margin	-	-1.76K	-61.17	-53.46
Asset Turnover
Asset Turnover	-	0.01	0.46	0.48
Fixed Assets Turnover	-	0.03	1.44	1.87
Receivables Turnover (Average Receivables)	-	1.33	12.6	5.71
Inventory Turnover (Average Inventory)	-	0.47	3.66	3.52
Short Term Liquidity
Current Ratio	1.4	0.88	0.5	0.42
Quick Ratio	1.32	0.8	0.3	0.15
Operating Cash Flow to Current Liabilities	-0.17	-0.38	-0.22	-0.34
Days Sales Outstanding (Average Receivables)	-	275.46	28.96	64.14
Days Outstanding Inventory (Average Inventory)	-	775.44	99.79	103.98
Average Days Payable Outstanding	-	1.8K	171.51	283.85
Cash Conversion Cycle (Average Days)	-	-751.34	-42.75	-115.73
Long Term Solvency
Total Debt/Equity	112.15	-778.25	-109.36	-138.09
Total Debt / Total Capital	52.86	114.74	1.17K	362.56
LT Debt/Equity	24.39	-292.56	-31.59	-29.8
Long-Term Debt / Total Capital	11.5	43.13	337.51	78.23
Total Liabilities / Total Assets	85.17	106.17	152.2	137.64
EBIT / Interest Expense	-31.24	-80.47	-72.15	-13.51
EBITDA / Interest Expense	-28.61	-76.13	-63.6	-11.59
(EBITDA - Capex) / Interest Expense	-38.18	-91.74	-84.55	-12.57
Total Debt / EBITDA	-2.12	-1.01	-1.39	-1.76
Net Debt / EBITDA	3.03	0.14	-0.74	-1.6
Total Debt / (EBITDA - Capex)	-1.59	-0.84	-1.05	-1.62
Net Debt / (EBITDA - Capex)	2.27	0.12	-0.55	-1.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	159.21	7K	36.13
Gross Profit, 1 Yr. Growth %	-	314.18	4.33K	-71.01
EBITDA, 1 Yr. Growth %	-	508.39	0.94	4.24
EBITA, 1 Yr. Growth %	-	508.64	7.06	6.85
EBIT, 1 Yr. Growth %	-	508.64	7.06	6.85
Earnings From Cont. Operations, 1 Yr. Growth %	-	555.53	3.55	47.59
Net Income, 1 Yr. Growth %	-	554.95	2.5	48.91
Normalized Net Income, 1 Yr. Growth %	-	562.51	2.05	49.91
Diluted EPS Before Extra, 1 Yr. Growth %	-	359.93	4.72	7.64
Accounts Receivable, 1 Yr. Growth %	-	45.32	1.04K	126.95
Inventory, 1 Yr. Growth %	-	1.35K	894.36	-22.61
Net Property, Plant and Equip., 1 Yr. Growth %	-	146.19	28.03	-12.74
Total Assets, 1 Yr. Growth %	-	4.15	15.51	44.24
Tangible Book Value, 1 Yr. Growth %	-	-818.1	132.38	-26.66
Common Equity, 1 Yr. Growth %	-	-331.6	166.44	-29.24
Cash From Operations, 1 Yr. Growth %	-	177.79	10.11	119.29
Capital Expenditures, 1 Yr. Growth %	-	285.5	60.27	-73.17
Levered Free Cash Flow, 1 Yr. Growth %	-	-	160.03	25.8
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	164.82	18.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	1.26K	883.46
Gross Profit, 2 Yr. CAGR %	-	-	1.25K	258.35
EBITDA, 2 Yr. CAGR %	-	-	147.82	2.58
EBITA, 2 Yr. CAGR %	-	-	155.27	6.95
EBIT, 2 Yr. CAGR %	-	-	155.27	6.95
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	160.53	23.62
Net Income, 2 Yr. CAGR %	-	-	159.1	23.54
Normalized Net Income, 2 Yr. CAGR %	-	-	160.02	23.69
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	119.6	6.17
Accounts Receivable, 2 Yr. CAGR %	-	-	310.52	409.72
Inventory, 2 Yr. CAGR %	-	-	1.1K	177.4
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	77.54	5.69
Total Assets, 2 Yr. CAGR %	-	-	9.68	29.07
Tangible Book Value, 2 Yr. CAGR %	-	-	308.5	30.55
Common Equity, 2 Yr. CAGR %	-	-	148.41	37.31
Cash From Operations, 2 Yr. CAGR %	-	-	74.89	55.39
Capital Expenditures, 2 Yr. CAGR %	-	-	148.57	-34.43
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	80.87
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	77.5
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	530.55
Gross Profit, 3 Yr. CAGR %	-	-	-	276.07
EBITDA, 3 Yr. CAGR %	-	-	-	85.68
EBITA, 3 Yr. CAGR %	-	-	-	90.95
EBIT, 3 Yr. CAGR %	-	-	-	90.95
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	115.57
Net Income, 3 Yr. CAGR %	-	-	-	115.42
Normalized Net Income, 3 Yr. CAGR %	-	-	-	116.41
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	73.14
Accounts Receivable, 3 Yr. CAGR %	-	-	-	236.92
Inventory, 3 Yr. CAGR %	-	-	-	381.8
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	40.11
Total Assets, 3 Yr. CAGR %	-	-	-	20.16
Tangible Book Value, 3 Yr. CAGR %	-	-	-	130.46
Common Equity, 3 Yr. CAGR %	-	-	-	63.45
Cash From Operations, 3 Yr. CAGR %	-	-	-	88.59
Capital Expenditures, 3 Yr. CAGR %	-	-	-	18.35