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Lotus Technology (LOT) investor relations material
Lotus Technology Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary24 Nov, 2025
Executive summary
Delivered 4,612 vehicles and generated $356 million in revenue in the first nine months of 2025, with deliveries primarily in China and Europe and lifestyle vehicles making up 72% of total deliveries.
Q3 2025 vehicle deliveries reached nearly 1,800, down 35% year-on-year but up 28% sequentially.
Net loss narrowed by 68% in Q3 and 43% for the nine-month period year-over-year, reflecting improved profitability, cost discipline, and inventory optimization.
Gross margin improved to 8% in Q3, up from 3% in the prior year quarter, driven by a favorable sales mix, upgraded models, and healthier inventory dynamics.
Upcoming launch of a new PHEV model with a 900V hybrid platform and over 1,000km range, reinforcing a diversified energy strategy.
Financial highlights
Q3 2025 revenue was $137 million, down 46% year-on-year but up 10% sequentially; nine-month revenue was $356 million, down 46% year-on-year.
Gross profit for Q3 was $11 million, with a gross margin of 8%; nine-month gross profit was $29 million.
Q3 operating loss was $94 million, a 41% improvement year-on-year; net loss was $65 million, a 68% improvement.
Adjusted EBITDA loss for Q3 was $54 million, narrowed by 70% year-on-year; for nine months, adjusted EBITDA loss was $294 million, narrowed by 48%.
Non-GAAP adjusted net loss for nine months was $2 million lower due to share-based compensation.
Outlook and guidance
Full-year gross margin expected to remain in the high single-digit range, with further improvement projected next year due to new PHEV launches, BEV product penetration, and supply chain integration.
Next year's gross margin is expected to be higher than this year's, supported by economies of scale and manufacturing integration.
Preparing for the strategic acquisition of Lotus UK, expected to close in 2026, aiming to unify the brand and enhance operational efficiency.
Focus remains on prudent resource allocation, margin enhancement, and readiness for a dynamic operating environment.
Plans to enter new markets and expand global distribution channels.
PHEV market positioning and growth drivers
Drivers for next year's gross margin improvement
Lotus UK acquisition: integration and synergies
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Next Lotus Technology earnings date
Q4 20259 Apr, 2026
Next Lotus Technology earnings date
Q4 20259 Apr, 2026
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Frequently asked questions
Lotus Technology Inc. is a company focused on the development and manufacturing of high-performance electric vehicles (EVs). It leverages advanced engineering and innovative technology to produce EVs that emphasize speed, efficiency, and sustainability. The company's primary offerings include electric sports cars and luxury sedans, which integrate cutting-edge battery technology, autonomous driving capabilities, and intelligent connectivity solutions. The company is headquartered in Wuhan, China, and its shares are listed on the NASDAQ.
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