LOT

MKT CAP:$900M

Lotus Technology Inc. American Depositary Shares

Market Cap

$900M

Consumer Cyclical·Auto - Manufacturers·🇨🇳 China·NASDAQ

Consumer Cyc.·Auto·🇨🇳·NASDAQ

Stock Price

$1.35-$0.07 (-4.93%)

Apr 23, 2026

Company Details

Lotus Technology Inc. engagers in the design, development, and sale of sports luxury lifestyle battery electric vehicles. It offers electric sports car models, including Eletre and Emeya. The company is based in Shanghai, China.

CEO

Qingfeng Feng

IPO Date

Jan 27, 2016

Website

www.group-lotus.com

Key Metrics TTM

Revenue

$519M

-20.4% YoY

Net Income

-$464M

EPS (Diluted)

-$0.72

Free Cash Flow

$48.3K

Revenue / Share

$0.80

Gross Margin

8.7%

Operating Margin

-78.2%

Net Margin

-89.4%

FCF Margin

0.0%

P/S

1.7x

P/E

—

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Apr 10, 2026

$519M-43.8%EPS -$0.72

Q4 2025

Apr 10, 2026

$164MEPS -$0.14

Q3 2025

Sep 29, 2025

$137M-46.3%EPS -$0.10

Q2 2025

Sep 11, 2025

$126M-44.2%EPS -$0.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$0	$0	-$229.2K
Q1 24	$173M	$30M	-$234M
Q2 24	$225M	$21M	-$204M
Q3 24	$255M	$8M	-$160M
Q1 25	$93M	$11M	-$103M
Q2 25	$126M	$7M	-$110M
Q3 25	$137M	$11M	-$93M
Q4 25	$164M	$17M	-$100M

Valuation

Quarter	P/S	P/E
Q3 21	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	5.3x	—
Q1 25	1.4x	—
Q2 25	2.1x	—
Q3 25	2.1x	—
Q4 25	1.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$48.3K	$48.3K
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	—	+85350.3%
Q2 25	-27.3%	-42.1%
Q3 25	-39.2%	-46.4%
Q4 25	-35.6%	-36.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	—
Q1 24	$35M	20.5%
Q2 24	$571.0K	0.3%
Q3 24	$2M	0.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 21	—	—	—	$229.2K
Q1 24	$104M	$57M	$103M	—
Q2 24	$70M	$55M	$101M	—
Q3 24	$53M	$63M	$56M	—
Q1 25	$49M	$31M	$40M	—
Q2 25	$44M	$84M	$39M	—
Q3 25	$37M	$29M	$38M	—
Q4 25	$41M	—	$32M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$426.2K	$0	$426.2K
Q2 22	$98.1K	$0	$98.1K
Q3 22	$67.0K	$0	$67.0K
Q4 22	$4.5K	$0	$4.5K
Q1 23	$4.5K	$0	$4.5K
Q2 23	$4.5K	$0	$4.5K
Q3 23	$4.5K	$0	$4.5K
Q4 23	$419M	$0	$419M
Q1 24	$509M	$188M	$696M
Q2 24	$269M	$5M	$274M
Q3 24	$191M	$0	$191M
Q4 24	$482M	$0	$482M
Q1 25	$123M	$0	$123M
Q2 25	$68M	$0	$68M
Q3 25	$426M	$0	$426M
Q4 25	$73M	$0	$73M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	36M	—	—
Q1 24	558M	+1459.3%	—
Q2 24	675M	+21.0%	—
Q3 24	676M	+0.1%	—
Q1 25	659M	-2.5%	+1741.0%
Q2 25	659M	0.0%	+18.1%
Q3 25	648M	-1.8%	-4.1%
Q4 25	649M	+0.1%	-4.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q1 25	$928	100K
Q2 25	$1.3K	100K
Q3 25	$1.4K	100K
Q4 25	$1.6K	100K

Revenue / Employee