Lotus Technology Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $519.1M | $924.3M | $679.0M | $9.6M | $3.7M |
| Cost of Revenue | $473.9M | $894.7M | $576.8M | $7.3M | $3.1M |
| Gross Profit | $45.2M | $29.6M | $102.2M | $2.3M | $557.0K |
| Gross Margin | 8.7% | 3.2% | 15.0% | 24.1% | 15.1% |
| Operating Expenses | |||||
| Research & Development | $171.0M | $274.8M | $368.7M | $445.8M | $511.4M |
| SG&A Expense | $135.9M | $227.5M | $144.5M | $148.4M | $54.8M |
| Operating Income | $-423.2M | $-786.3M | $-735.9M | $-687.4M | $-112.9M |
| Operating Margin | -81.5% | -85.1% | -108.4% | -7,192.8% | -3,063.2% |
| Interest Expense | $63.3M | $58.2M | $10.2M | $8.5M | $3.6M |
| Pretax Income | $-450.3M | $-1.11B | $-749.1M | $-724.3M | $-108.7M |
| Income Tax Expense | $15.9M | $2.0M | $1.1M | $292.0K | $1.9M |
| Net Income | $-464.2M | $-1.10B | $-742.0M | $-723.9M | $-110.5M |
| Net Margin | -89.4% | -119.5% | -109.3% | -7,574.8% | -2,997.9% |
| EPS (Basic) | $-0.72 | $-1.72 | $-1.60 | $-1.52 | $-0.33 |
| EPS (Diluted) | $-0.72 | $-1.72 | $-1.60 | $-1.52 | $-0.33 |
| Shares Outstanding (Basic) | 648.5M | 645.2M | 474.6M | 475.8M | 334.1M |
| Shares Outstanding (Diluted) | 648.5M | 645.2M | 474.6M | 475.8M | 334.1M |
| Dividends Per Share | — | — | — | — | — |