LOT Consumer Cyclical

Lotus Technology Inc.

$0.29-27.50%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Manufacturers
Country: China
Market cap: 187.6M USD
Enterprise value: 1.7B USD
Full-time employees: 1,132

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.45 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.38 vs a peer median of 1.48)higher risk: bigger price swings (beta 2.45 vs peers 0.63) and less liquidity (current ratio 0.38 vs peers 1.48)

Ranks #1,437 of 1,502 consumer cyclical companies (bottom 5%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
Lotus Technology's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Shareholders being diluted. Shares outstanding up 35% from December 2022 to December 2025.
Lotus Technology had 35% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Lotus Technology had 35% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Operating loss narrowing. Operating margin -82% in 2025, the smallest loss relative to revenue of the last 5 years.
Lotus Technology still lost money on operations in 2025 (margin -82%), but that was its smallest operating loss relative to revenue in the 5 years of filings we have.
Not profitable yet. Reported a loss in the 12 months to December 2025.
Lotus Technology reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

17/ 100

Oct 5 17 → Nov 4 17

Valuation

Is the price right?

6/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-249.3%

SEC filings · 12 months to Dec 2025Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield-23.9%

SEC filings · 12 months to Dec 2025Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.90Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-222.0%

SEC filings · 12 months to Dec 2025 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield-710.2%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

62/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 30.3%

Why

Stronger than most peers on:

▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.33Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth278.7%

SEC filings · 3 years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.38Sector median: 0.0425 · MAD: 0.0636

Revenue growth-43.8%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.28Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-81.5%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.25Sector median: 0.0638 · MAD: 0.0461

Return on assets-23.8%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-41.6%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.50Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin8.7%

SEC filings · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 21%

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.45

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.80Sector median: 0.6345 · MAD: 0.2980

Current ratio0.38×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.78Sector median: 1.4800 · MAD: 0.5570

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -9.02Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Lotus Technology

Is Lotus Technology getting weaker?: Its latest SEC filing (Apr 28, 2026) got weaker in some ways: 12-month revenue fell 30.3%; debt up 21%. Its overall score is unchanged at 17/100 since Oct 28, 2026.
How is Lotus Technology valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -249.3% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -249.3% vs peers 4.4% (weaker than 100% of peers).
Is Lotus Technology growing?: Yes, faster than most of its peers. Growth scores 62/100 against 1,612 consumer cyclical peers. 3-year revenue growth 278.7% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 278.7% vs peers 4.3% (stronger than 95% of peers). Revenue growth -43.8% vs a peer median of 3.7% (weaker than 100% of peers).Revenue growth -43.8% vs peers 3.7% (weaker than 100% of peers).
How profitable is Lotus Technology?: Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -81.5% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -81.5% vs peers 6.4% (weaker than 100% of peers).
How risky is Lotus Technology?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 2.45 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.45 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Dec 31, 2025 · filed Apr 28, 2026 · compared with the quarter ended Jun 30, 2025

Got weaker

12-month revenue fell 30.3%
Debt up 21%

Worth watching: Lotus Technology is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	744.6M USD	519.1M USD	−30.3%
Net income (12 months)	−958.6M USD	−464.2M USD	−51.6%
Operating margin	-82.2%	-81.5%	+0.7 pts
Free cash flow (12 months)	−591.4M USD	−413.3M USD	−30.1%
Debt	1.1B USD	1.4B USD	+21.1%
Cash	67.8M USD	73.4M USD	+8.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	15.1%	24.1%	15.0%	3.2%	8.7%	▲ 5.5 pts
Operating margin	-3063.2%	-7192.8%	-108.4%	-85.1%	-81.5%	▲ 3.5 pts
Net margin	-2997.9%	-7574.8%	-109.3%	-119.5%	-89.4%	▲ 30 pts
Return on assets (ROA)	—	-52.8%	-46.8%	-48.3%	-23.8%	▲ 25 pts
Return on equity (ROE)	-56.6%	—	—	—	—	—
Free cash flow margin	-4369.3%	-5072.3%	-88.5%	-98.0%	-79.6%	▲ 18 pts
Current ratio	—	0.88×	0.50×	0.42×	0.38×	▼ 10%
Quick ratio	—	0.86×	0.35×	0.35×	0.33×	▼ 4.9%
Debt to equity	0.65×	—	—	—	—	—
Interest coverage	-31.24×	-80.47×	-72.15×	-13.51×	-6.68×	▲ 51%

LOT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.45 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.38 vs a peer median of 1.48)higher risk: bigger price swings (beta 2.45 vs peers 0.63) and less liquidity (current ratio 0.38 vs peers 1.48)

Ranks #1,437 of 1,502 consumer cyclical companies (bottom 5%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

Lotus Technology's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Shareholders being diluted. Shares outstanding up 35% from December 2022 to December 2025.

Lotus Technology had 35% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Lotus Technology had 35% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Operating loss narrowing. Operating margin -82% in 2025, the smallest loss relative to revenue of the last 5 years.

Lotus Technology still lost money on operations in 2025 (margin -82%), but that was its smallest operating loss relative to revenue in the 5 years of filings we have.

Not profitable yet. Reported a loss in the 12 months to December 2025.

Lotus Technology reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Questions investors ask about Lotus Technology

Is Lotus Technology getting weaker?

Its latest SEC filing (Apr 28, 2026) got weaker in some ways: 12-month revenue fell 30.3%; debt up 21%. Its overall score is unchanged at 17/100 since Oct 28, 2026.

How is Lotus Technology valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -249.3% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -249.3% vs peers 4.4% (weaker than 100% of peers).

Is Lotus Technology growing?

Yes, faster than most of its peers. Growth scores 62/100 against 1,612 consumer cyclical peers. 3-year revenue growth 278.7% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 278.7% vs peers 4.3% (stronger than 95% of peers). Revenue growth -43.8% vs a peer median of 3.7% (weaker than 100% of peers).Revenue growth -43.8% vs peers 3.7% (weaker than 100% of peers).

How profitable is Lotus Technology?

Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -81.5% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -81.5% vs peers 6.4% (weaker than 100% of peers).

How risky is Lotus Technology?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 2.45 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.45 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

744.6M USD

519.1M USD

−30.3%

Net income (12 months)

−958.6M USD

−464.2M USD

−51.6%

Operating margin

-82.2%

-81.5%

+0.7 pts

Free cash flow (12 months)

−591.4M USD

−413.3M USD

−30.1%

Debt

1.1B USD

1.4B USD

+21.1%

Cash

67.8M USD

73.4M USD

+8.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

15.1%

24.1%

15.0%

3.2%

8.7%

▲ 5.5 pts

Operating margin

-3063.2%

-7192.8%

-108.4%

-85.1%

-81.5%

▲ 3.5 pts

Net margin

-2997.9%

-7574.8%

-109.3%

-119.5%

-89.4%

▲ 30 pts

Return on assets (ROA)

—

-52.8%

-46.8%

-48.3%

-23.8%

▲ 25 pts

Return on equity (ROE)

-56.6%

—

Free cash flow margin

-4369.3%

-5072.3%

-88.5%

-98.0%

-79.6%

▲ 18 pts

Current ratio

—

0.88×

0.50×

0.42×

0.38×

▼ 10%

Quick ratio

—

0.86×

0.35×

0.33×

▼ 4.9%

Debt to equity

0.65×

—

Interest coverage

-31.24×

-80.47×

-72.15×

-13.51×

-6.68×

▲ 51%