Lotus Technology Inc. income statement

In fiscal 2025, Lotus Technology Inc. reported revenue of $519m, down 43.8% on the year before, operating income of −$423m (a -81.5% margin) and net income of −$464m, or −$0.72 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Lotus Technology Inc.: income statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	4	10	679	924	519
Cost of revenue	3	7	577	895	474
Gross profit	1	2	102	30	45
Research and development	511	446	369	275	171
Selling and marketing	38	151	329	322	148
General and administrative	55	148	145	227	136
Operating income	−113	−687	−736	−786	−423
Interest expense	4	9	10	58	63
Income before tax	−109	−724	−749	−1,105	−450
Income tax	2	0	1	2	16
Net income	−111	−724	−742	−1,105	−464
Diluted EPS	−$0.33	−$1.52	−$1.60	−$1.72	−$0.72
Diluted shares (average)	334m	476m	475m	645m	649m
EBITDA	−111	−675	−681	−710	−368

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Lotus Technology Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Lotus Technology Inc.