Logo

LOT

Lotus Technology Inc. American Depositary Shares

LOT

Lotus Technology Inc. American Depositary Shares • NASDAQ
$1.35 ▲ 0.75% (+0.01)
Market Cap $889.53 M
52w High $4.45
52w Low $1.06
Dividend Yield 0%
P/E -1.08
Volume 47.72K
Outstanding Shares 658.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $136.794M ▲ $103.996M ▼ $-65.111M ▲ -47.598% ▲ $-0.1 ▲ $-47.725M ▲
Q2-2025 $125.503M ▲ $116.698M ▲ $-130.215M ▲ -103.754% ▲ $-0.2 ▲ $-142.765M ▼
Q1-2025 $92.823M ▼ $114.144M ▼ $-182.823M ▲ -196.959% ▼ $-0.28 ▲ $-129.65M ▲
Q4-2024 $271.526M ▲ $159.088M ▼ $-436.471M ▼ -160.747% ▼ $-0.65 ▼ $-385.966M ▼
Q3-2024 $254.708M $168.242M $-205.799M -80.798% $-0.31 $-174.411M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $426.005M ▲ $1.858B ▼ $3.121B ▼ $-1.255B ▼
Q2-2025 $67.849M ▼ $2.252B ▼ $3.355B ▲ $-1.095B ▼
Q1-2025 $122.581M ▼ $2.267B ▼ $3.308B ▲ $-1.033B ▼
Q4-2024 $482.365M ▲ $2.286B ▼ $3.146B ▲ $-860.226M ▼
Q3-2024 $191.3M $2.587B $2.965B $-371.044M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2024 $-205.799M ▼ $0 $0 $0 $0 $0
Q2-2024 $-201.45M ▲ $0 $0 $0 $0 $0
Q1-2024 $-257.869M ▲ $0 ▲ $0 ▲ $0 ▼ $0 ▼ $0 ▲
Q4-2023 $-742.001M ▼ $-389.748M ▼ $-273.402M ▼ $362.549M ▲ $426.808M ▲ $-603.741M ▼
Q3-2023 $-171.961M $305.502M $171.614M $-484.954M $-7.837M $418.52M

Five-Year Company Overview

Income Statement

Income Statement Lotus Technology is still in the early, heavy‑investment phase: sales have started to grow from almost nothing to a modest level, but the business is far from scale. Gross profit has only just turned positive and remains thin, which means the core car and tech business is not yet generating strong unit economics. Operating losses are large and persistent, reflecting big spending on engineering, software, branding, and market launch. Net losses have been widening rather than narrowing, so the path to break-even is still ahead, not behind.

Balance Sheet

Balance Sheet The company has built up a sizeable asset base for a young EV player, but this has been funded heavily with borrowing and ongoing losses. Shareholders’ equity is now negative, which is a red flag from a financial strength standpoint and signals that past losses have more than absorbed the original capital. Debt has climbed steadily and now makes up a large part of the capital structure, increasing sensitivity to interest costs and refinancing conditions. Cash on hand is meaningful but not large relative to the pace of spending, so the balance sheet looks dependent on continued support from lenders, investors, or the broader Geely ecosystem.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has been consistently negative, and the outflow has grown as the company ramps up. Free cash flow is also clearly negative, meaning the business is consuming cash rather than generating it, even after adjusting for relatively modest capital expenditure. Most of the cash burn is driven by operating costs—mainly R&D, product development, and commercial build‑out—rather than factory building alone. This pattern is typical for an early‑stage, tech‑heavy automaker, but it also means the company is reliant on external funding until it can scale revenue and improve margins.

Competitive Edge

Competitive Edge Lotus Technology competes in a crowded EV market but occupies a distinct niche: ultra‑high‑end performance and luxury, closer to sports and GT brands than to mass EV makers. Its heritage as an iconic British performance marque and its association with racing give it powerful brand storytelling, especially for enthusiasts and premium buyers. Backing from the Geely group adds global manufacturing, supply chain, and distribution support, giving Lotus an “asset‑light” advantage versus start‑ups that must build everything from scratch. At the same time, it faces intense competition from both legacy luxury brands and aggressive Chinese EV players, making execution on quality, service, and brand repositioning critical to holding its premium slot.

Innovation and R&D

Innovation and R&D The company is clearly innovation‑led: it is investing heavily in high‑performance EV platforms, very fast charging, advanced aerodynamics, and lightweight construction. Its deployable LiDAR system and full‑stack autonomous driving software (through Lotus Robotics) aim to push the brand to the frontier of assisted and automated driving. A notable strategic angle is offering its intelligent driving and robotics technology to other automakers, creating a potential software and licensing revenue stream beyond car sales. These efforts are ambitious but costly, and success will depend on proving reliability on the road, navigating regulation, and turning technical leadership into durable customer demand and partner adoption.

Summary

Lotus Technology today looks more like a high‑growth, high‑burn technology and luxury auto venture than a mature car maker. Revenue is starting to ramp but still modest relative to the scale of its losses and cash use. The balance sheet is stretched, with negative equity and a growing reliance on debt, which heightens financial risk if growth or funding slows. On the strategic side, the combination of a famous brand, Geely backing, advanced EV and autonomy technology, and a clear hyper‑premium focus gives it a differentiated story in the EV space. The key questions ahead are how quickly it can scale sales, improve margins, and convert its technology and partnerships into a sustainable, self‑funding business model.

NEWS

November 24, 2025 · 5:00 AM UTC

Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2025 Financial Results

Read more

November 10, 2025 · 7:00 AM UTC

Lotus Technology to Report Unaudited Third Quarter 2025 Financial Results on November 24, 2025

Read more

September 23, 2025 · 9:30 AM UTC

AMERICAN REBEL ANNOUNCES 1-FOR-20 REVERSE STOCK SPLIT WITH ROUND LOT SHAREHOLDER PROTECTION TO BE EFFECTIVE ON OCTOBER 3, 2025

Read more