Lotus Cars
Financial Performance
Lotus Cars Revenue & Financials
Revenue
$519.1M (FY2025)
Market Cap
$750M
Employees
2,200
What is Lotus Cars's revenue?
Lotus Cars had $519.1M in revenue for fiscal year 2025, down 43.8% from 2024. It reported a net loss of $464.2M.
- Latest revenue
- $519.1M (FY2025)
- Year-over-year
- -43.8%
- Growth rate (CAGR)
- -12.6% over 2 years
- Peak revenue
- $924.3M (FY2024)
- Years of data
- 3
- Employees
- 2,200
- How much profit does Lotus Cars make?
- Lotus Cars reported a net loss of $464.2M for fiscal year 2025. sec.gov
- How many employees does Lotus Cars have?
- Lotus Cars has about 2,200 employees.
Financial Analysis
Lotus Technology's revenue rose from $679 million in 2023 to $924 million in 2024, then fell 44% to $519 million in 2025 as deliveries dropped to 6,520 units. Gross margin improved to 9% in 2025 and operating loss narrowed 46%, but the net loss was still $464 million. In the first half of 2026, revenue rose 23% to $268 million on 3,904 deliveries, gross margin reached 10%, and operating loss narrowed 63%, helped partly by a one-off licence fee refund. With LOT shares trading around $1, the company's market value is well below the roughly $5.5 billion equity value it carried at its 2024 SPAC listing. Lotus Cars operates as a premium British manufacturer of sports and racing cars, currently majority-owned by the massive Chinese automotive group Geely.
Revenue Trend Analysis
YoY Change
-43.8%
2-Year CAGR
-12.6%
Peak Year
2024
Trend
Not enough comparable years
Lotus Cars has 3 full fiscal year figures on this page, compounding at -12.6% annually over 2 years. The most recent year saw a 43.8% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at $924.3M. Of 2 comparable year-over-year steps, 1 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $519.1M | -$464.2M | -43.8% | Lotus Technology annual report (Form 20-F, SEC EDGAR), filed 2026-04-28 Fiscal year ended 2025-12-31. Figures are for Lotus Technology Inc. (Nasdaq: LOT), the Geely-backed company that sells Lotus cars worldwide and took control of Lotus UK in 2024. |
| FY2024 | $924.3M | -$1.1B | +36.1% | Lotus Technology annual report (Form 20-F, SEC EDGAR), filed 2026-04-28 Fiscal year ended 2024-12-31. |
| FY2023 | $679M | -$742M | — | Lotus Technology annual report (Form 20-F, SEC EDGAR), filed 2026-04-28 Fiscal year ended 2023-12-31. |
Click any row to see year details.
Lotus Cars balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
Keep researching Lotus Cars
Lotus Cars Revenue and Financial FAQ
What is the annual revenue and financial profile of Lotus Technology?
Lotus Technology reported revenue of $679 million in 2023, $924 million in 2024 and $519 million in 2025, when its net loss was $464 million. In the first half of 2026, revenue rose 23% year on year to $268 million on 3,904 deliveries.
When and how did Lotus Technology go public on NASDAQ?
Lotus Technology began trading on Nasdaq under LOT in February 2024 after merging with the SPAC L Catterton Asia Acquisition Corp, at an equity value of about $5.5 billion. By 2026 the shares traded around $1.
What are Lotus's major capital expenditure priorities?
Lotus allocates capital primarily to electric vehicle powertrain research, software engineering for autonomous driving architectures, expanding production capacity at its Wuhan smart factory, and scaling its global flagship dealership network in North America and Europe.
How is Lotus funded and who are its primary institutional investors?
Lotus Technology is controlled by Zhejiang Geely Holding Group, and other shareholders include Etika Automotive and L Catterton. Shareholders provided $128 million of funding in the first half of 2026.
What impact do tariffs and import duties have on Lotus's global vehicle margins?
Because Lotus manufactures its lifestyle electric vehicles in Wuhan, China, increased import tariffs on Chinese-built EVs in the European Union and the United States pose margin headwinds, prompting Lotus to optimize market allocations and explore flexible global assembly options.
What are Lotus's delivery volume targets under the Vision80 framework?
Lotus has dropped its earlier target of roughly 150,000 vehicles a year by 2028. It delivered 6,520 vehicles in 2025 and 3,904 in the first half of 2026, and now focuses on margins under its Focus 2030 plan.
How does the Emira sports car contribute to Lotus's cash flow during the EV transition?
The Emira is Lotus's main Hethel product and keeps the sports car brand credible. Sports cars made up about 23% of deliveries in the first half of 2026, while lifestyle vehicles made up 77%.
What are the key currency risks affecting Lotus's financial reporting?
Lotus operates across British Pounds (GBP), Chinese Yuan (RMB), US Dollars (USD), and Euros (EUR), exposing its consolidated financial statements to foreign exchange volatility between vehicle assembly costs in China/UK and customer receipts in North America and Europe.
Is Lotus financially successful?
For 60 years, Lotus was a financial disaster, constantly changing ownership (GM, Bugatti, Proton) just to survive bankruptcy. Their absolute financial salvation arrived in 2017 when Geely (the massive Chinese conglomerate that also owns Volvo) bought a 51% controlling stake. Geely instantly injected massive billions in capital, entirely funding Lotus's massive transition into a profitable, global EV brand.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lotus Cars Revenue & Financials." CorpDigest, https://corpdigest.com/company/lotus-cars/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lotus Cars reported $519.1M in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lotus-cars/financials" target="_blank" rel="noopener">CorpDigest — Lotus Cars financials</a></div>Related Financial Audits
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