LKNCYOTCRetail-Eating & Drinking PlacesFiscal year ends December 31
Luckin Coffee Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 27, 2026
$33.78+1.00 (+3.05%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2017 to 2025
Operating margin
10.3%+74.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +43.0% | +54.8% | +65.0% | – | |
| Operating income | +42.1% | +63.7% | – | – | |
| EPS, diluted | +20.7% | +94.6% | – | – | |
| Free cash flow | +79.9% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | 6.41 | 1.70 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | -22.2× | 40583.5× | |
| Capex to revenue | – | 20.4% | 5.3% | |
| Diluted shares | – | 2.02B | 2.57B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Luckin Coffee generated CN¥13.36B from operations and spent CN¥8.63B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
CN¥13.36B
Used
CN¥8.63B
Capital expenditureCN¥8.63B100%DividendsCN¥00%Share buybacksCN¥00%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 4 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroCN¥6.09B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeCN¥6.09B vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.60 → 1.70
- No dilutionShare count did not rise2.55B → 2.57B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.88 → 2.13