Revenue growth has shifted to a 25.3% year-over-year decline in 2024Q4, while gross margins have compressed to a negative 10.9% due to rising production costs.
| Sales/Revenue | 923.97M | 519.1M | 924.35M | 679.01M | 9.56M | 3.69M |
| Revenue Growth % | 20.29% | -43.84% | 36.13% | 7001.48% | 159.33% | - |
| Cost of Goods Sold | 894.41M | 473.89M | 894.72M | 576.83M | 35.43M | 3.13M |
| COGS % of Revenue | - | 91.29% | 96.79% | 84.95% | 370.57% | 84.89% |
| Gross Profit | 29.56M | 45.21M | 29.63M | 102.18M | -25.87M | 557K |
| Gross Margin % | 3.2% | 8.71% | 3.21% | 15.05% | -270.57% | 15.11% |
| Gross Profit Growth % | - | 52.6% | -71.01% | 494.98% | -4744.55% | - |
| Operating Expenses | 816.89M | 416.61M | 815.95M | 838.12M | 689.72M | 113.5M |
| OpEx % of Revenue | - | 80.26% | 88.27% | 123.43% | 7213.52% | 3078.36% |
| Selling, General & Admin | 549.43M | 284.11M | 549.78M | 473.47M | 299.7M | 92.83M |
| SG&A % of Revenue | - | 54.73% | 59.48% | 69.73% | 3134.45% | 2517.74% |
| Research & Development | 274.21M | 170.96M | 267.47M | 368.73M | 445.84M | 511.36M |
| R&D % of Revenue | - | 32.93% | 28.94% | 54.3% | 4662.91% | 13869.38% |
| Other Operating Expenses | -2.97M | -38.46M | -1.31M | -4.08M | -55.82M | -490.69M |
| Operating Income | -787.33M | -371.4M | -786.32M | -735.94M | -743.59M | -112.94M |
| Operating Margin % | -85.21% | -71.55% | -85.07% | -108.38% | -7776.89% | -3063.25% |
| Operating Income Growth % | - | 52.77% | -6.85% | 1.03% | -558.38% | - |
| EBITDA | -712.69M | -302.53M | -709.88M | -680.98M | -715.37M | -110.89M |
| EBITDA Margin % | -77.13% | -58.28% | -76.8% | -100.29% | -7481.78% | -3007.49% |
| EBITDA Growth % | -284.55% | 57.38% | -4.24% | 4.81% | -545.14% | - |
| D&A (Non-Cash Add-back) | 74.63M | 68.87M | 76.44M | 54.96M | 28.22M | 2.06M |
| EBIT | -1.04B | -410.28M | -1.05B | -738.94M | -716.07M | -112.94M |
| Net Interest Income | -32.29M | -35.2M | -35.93M | -996K | 3.65M | 22.97K |
| Interest Income | 25.64M | 28.14M | 22.29M | 9.2M | 12.19M | 22.97K |
| Interest Expense | 57.93M | 63.34M | 58.22M | 10.2M | 8.54M | 0 |
| Other Income/Expense | -314.61M | -27.07M | -318.26M | -13.2M | 18.97M | 4.26M |
| Pretax Income | -1.11B | -450.26M | -1.1B | -749.14M | -724.61M | -108.68M |
| Pretax Margin % | -119.62% | -86.74% | -119.5% | -110.33% | -7578.44% | -2947.6% |
| Income Tax | 304.19K | 15.95M | -2.01M | 1.11M | 292.14K | 1.85M |
| Effective Tax Rate % | -0.03% | -3.54% | 0.18% | -0.15% | -0.04% | -1.71% |
| Net Income | -1.1B | -464.22M | -1.1B | -742M | -723.92M | -110.53M |
| Net Margin % | -119.22% | -89.43% | -119.46% | -109.28% | -7571.21% | -2997.86% |
| Net Income Growth % | -93.06% | 57.96% | -48.82% | -2.5% | -554.95% | - |
| Net Income (Continuing) | -1.1B | -466.21M | -1.1B | -750.25M | -724.56M | -110.53M |
| Discontinued Operations | 0 | 0 | -1.5K | 0 | 0 | 0 |
| Minority Interest | -7.36M | -7.75M | -7.36M | -5.4M | -642K | 0 |
| EPS (Diluted) | -1.64 | -0.72 | -1.72 | -1.60 | -1.08 | -0.33 |
| EPS Growth % | -73.38% | 58.14% | -7.5% | -48.15% | -227.27% | - |
| EPS (Basic) | - | -0.72 | -1.72 | -1.12 | -1.08 | -0.33 |
| Diluted Shares Outstanding | 670.51M | 648.54M | 645.23M | 474.62M | 673.48M | 35.81M |
| Basic Shares Outstanding | 670.51M | 648.54M | 645.23M | 673.48M | 673.48M | 35.81M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidity and Geopolitical Exposure
As reported in recent financial statements, Lotus Technology experienced a significant 25.3% year-over-year revenue decline in 2024Q4, marking a stark reversal from the triple-digit growth observed in previous periods and highlighting the volatility inherent in the company's current luxury electric vehicle delivery cycle.
The sharp contraction in top-line performance suggests that the company is struggling to maintain momentum in its primary markets, potentially due to intensifying competition or supply chain constraints. Investors should monitor whether this trend reflects a structural cooling of demand for the Eletre and Emeya models or merely temporary execution hurdles.
Based on the provided income statement data, gross margins have deteriorated from a peak of 19.0% in 2023Q4 to a negative 10.9% in 2024Q4, indicating that the company is currently unable to cover its production costs through vehicle sales alone.
This margin collapse suggests that the company's pricing power is insufficient to offset the high costs associated with its performance-grade electric platforms. The inability to maintain positive gross margins warrants further investigation into whether the company is resorting to aggressive discounting to move inventory in a crowded Chinese EV landscape.
According to the latest quarterly filings, Lotus Technology reported an operating margin of -69.5% in 2024Q4, demonstrating that the company's fixed cost base, particularly in R&D and SG&A, continues to vastly outpace the revenue generated from its current vehicle production volumes.
The persistent operating losses suggest that the company has yet to achieve the necessary scale to leverage its manufacturing investments effectively. Without a significant increase in unit volume or a reduction in overhead, the current operating structure appears unsustainable for long-term profitability.
Data from the most recent quarter reveals a net loss of $436.5M, which, when compared against a cash balance of only $73.4M, suggests that the company may face an imminent liquidity crisis without further capital support from its parent, Geely.
Short-sellers would likely focus on the widening gap between cash reserves and operational burn rates as a primary indicator of financial distress. The reliance on related-party transactions and potential future capital injections raises questions about the company's ability to operate as a standalone entity in the current high-interest-rate environment.
Quick answers to the most common questions about buying LOTWW stock.
For fiscal year 2025, Lotus Technology Inc. Warrants (LOTWW) reported total revenue of $519.1M. This represents a 13979.1% increase compared to $3.7M in 2021.
Lotus Technology Inc. Warrants (LOTWW) reported a net loss of $464.2M for the fiscal year ending 2025.
Lotus Technology Inc. Warrants (LOTWW) reported an operating income of $-371.4M, resulting in an operating profit margin of -71.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Lotus Technology Inc. Warrants (LOTWW) generated $45.2M in gross profit for the year, representing a gross profit margin of 8.7%. This demonstrates the company's core pricing power and production efficiency.