LOT (LOT) financial statements
LOT reported revenue of $519M in fiscal 2025, up 244.5% a year over 4 years.
Net income was -$464M and the operating margin -81.5%, against -3063.2% in 2021.
Free cash flow was -$413M.
The diluted share count rose 94% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LOT's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4M | $10M | $679M | $924M | $519M |
| Cost of revenue | $3M | $7M | $577M | $895M | $474M |
| Gross profit | $557,000 | $2M | $102M | $30M | $45M |
| Research and development | $511M | $446M | $369M | $275M | $171M |
| Selling, general and admin | $93M | $300M | $473M | $550M | $284M |
| Operating income | -$113M | -$687M | -$736M | -$786M | -$423M |
| Interest expense | $4M | $9M | $10M | $58M | $63M |
| Pre-tax income | -$109M | -$724M | -$749M | -$1.1B | -$450M |
| Income tax | $2M | $292,000 | $1M | $2M | $16M |
| Net income | -$111M | -$724M | -$742M | -$1.1B | -$464M |
| EPS (diluted) | -$0.33 | -$1.52 | -$1.60 | -$1.72 | -$0.72 |
| Diluted shares | 334M | 476M | 475M | 645M | 649M |
| Gross margin | 15.1% | 24.1% | 15.0% | 3.2% | 8.7% |
| Operating margin | -3063.2% | -7192.8% | -108.4% | -85.1% | -81.5% |
| Net margin | -2997.9% | -7574.8% | -109.3% | -119.5% | -89.4% |
Balance sheet
Fiscal years, from LOT's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $531M | $737M | $419M | $103M | $73M |
| Inventory | — | $23M | $265M | $189M | $121M |
| Total current assets | — | $823M | $884M | $1.0B | $911M |
| Property, plant and equipment | — | $253M | $355M | $316M | $227M |
| Total assets | — | $1.4B | $1.6B | $2.3B | $2.0B |
| Total current liabilities | — | $933M | $1.8B | $2.5B | $2.4B |
| Long-term debt | — | — | $76M | $103M | $129M |
| Total liabilities | — | $1.5B | $2.4B | $3.1B | $3.3B |
| Shareholders' equity | $195M | -$452M | -$1.2B | -$853M | -$1.3B |
| Net debt | -$531M | -$737M | $35M | -$73,000 | $55M |
Cash flow
Fiscal years, from LOT's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$127M | -$351M | -$387M | -$849M | -$334M |
| Capital spending | $35M | $133M | $214M | $57M | $79M |
| Free cash flow | -$161M | -$485M | -$601M | -$906M | -$413M |
| Stock-based compensation | — | $11M | $0 | $32M | $2M |
| Dividends paid | $2M | — | — | — | — |
| Net borrowing | — | — | $476M | $572M | $1.3B |
| Free cash flow margin | -4369.3% | -5072.3% | -88.5% | -98.0% | -79.6% |
| Dividends per share | $0.01 | — | — | — | — |
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Open LOT in InvestinglyQuestions
What was LOT's revenue in 2025?
$519M in fiscal 2025, from its 10-K filing.
How much free cash flow does LOT generate?
-$413M in fiscal 2025 (operating cash flow minus capital spending).
From LOT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.