LOTNasdaqMotor Vehicles & Passenger Car BodiesFiscal year ends December 31Also trades as LOTWW
Lotus Technology Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 28, 2026
$0.52−0.05 (-9.05%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
8.7%
Operating margin
-81.5%
Net margin
-89.4%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -43.8% | +278.7% | – | – | |
| Gross profit | +52.6% | +169.6% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 42.7% | |
| Return on assets | – | – | -21.9% | |
| Current ratio | – | – | 0.38 | |
| Debt to equity | – | – | -1.05 | |
| Net debt to EBITDA | – | – | -3.58× | |
| Interest coverage | – | – | -6.7× | |
| Inventory turnover | – | – | 3.1× | |
| Capex to revenue | – | – | 15.3% | |
| Diluted shares | – | – | 649M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lotus Technology generated $2.05B from operations and spent $520.30M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$2.05B
Used
$520.30M
Capital expenditure$518.42M100%Dividends$1.88M0%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-89.4%
×Asset turnover0.24×
×Equity multiplier-1.95×
=Return on equity, FY202542.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -89.4% | 0.24× | -1.95× | 42.7% |
| FY2024 | -119.5% | 0.48× | -1.88× | 107.4% |
| FY2023 | -109.3% | 0.46× | -1.78× | 89.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$464.22M
- Cash generatingOperating cash flow above zero-$333.91M
- Return on assets improvedROA up on the prior year-69.7% → -20.3%
- Earnings backed by cashOperating cash flow above net income-$333.91M vs -$464.22M
- Less leverageLong-term debt to assets fell4.5% → 6.6%
- Better liquidityCurrent ratio rose0.42 → 0.38
- No dilutionShare count did not rise645M → 649M
- Gross margin improvedGross margin up on the prior year3.21% → 8.71%
- More efficientAsset turnover rose0.58 → 0.23