Lotus Technology (LOT) Operating Expenses (2022 - 2025)
Lotus Technology's (LOT) quarterly Operating Expenses came in at -$82.6 million in Q4 2025, up 48.09% YoY from -$55.8 million in Q4 2024, and up 21.01% on a QoQ basis from -$104.5 million in Q3 2025.
Analysis
Lotus Technology (LOT) Operating Expenses (2022 - 2025) Analysis & Trends
Lotus Technology (LOT) has 4 years of Operating Expenses data on file, last reported at -$82.6 million in Q4 2025.
- Quarterly Operating Expenses rose 48.09% year-over-year to -$82.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$468.4 million (up 42.59% YoY) and the FY2025 annual result came in at $468.4 million, down 42.59% from the prior year.
- Operating Expenses climbed to -$82.6 million in Q4 2025, from -$104.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$82.6 million in Q4 2025 to a low of -$357.4 million in Q4 2022.
- A 4-year average of -$190.8 million and a median of -$168.2 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses sank 62.79% — and 2025, when it surged 56.7%.
- Tracing LOT's Operating Expenses over 4 years: stood at -$357.4 million in 2022, then advanced by 17.03% to -$296.5 million in 2023, then soared by 46.34% to -$159.1 million in 2024, then soared by 48.09% to -$82.6 million in 2025.
- The last three Operating Expenses figures came in at -$82.6 million (Q4 2025), -$104.5 million (Q3 2025), and -$167.2 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,151.92 Bn | 1,108.39 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 255.99 Bn | 127.54 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Honda Motor | 129.45 Bn | 89.32 Bn | 8.46 Bn | -34.70 Bn |
| 4 | Ford Motor | 80.26 Bn | 48.92 Bn | 6.08 Bn | 47.66 Bn |
| 5 | General Motors | 76.22 Bn | 51.50 Bn | 7.33 Bn | 46.57 Bn |
| 6 | Ferrari | 73.68 Bn | 71.93 Bn | 1.18 Bn | 471.42 Mn |
| 7 | Rivian Automotive | 20.68 Bn | 15.37 Bn | 179.00 Mn | 1.02 Bn |
| 8 | Stellantis | 15.20 Bn | -26.25 Bn | 5.55 Bn | 4.85 Bn |
| 9 | Li Auto | 12.07 Bn | -504.83 Mn | 417.98 Mn | -757.09 Mn |
| 10 | Lotus Technology | 765.27 Mn | 684.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -82.58 Mn |
| Sep 30, 2025 | -104.54 Mn |
| Jun 30, 2025 | -167.15 Mn |
| Mar 31, 2025 | -114.14 Mn |
| Dec 31, 2024 | -159.09 Mn |
| Sep 30, 2024 | -168.24 Mn |
| Jun 30, 2024 | -224.99 Mn |
| Mar 31, 2024 | -263.63 Mn |
| Dec 31, 2023 | -296.50 Mn |
| Sep 30, 2023 | -191.09 Mn |
| Jun 30, 2023 | -188.59 Mn |
| Mar 31, 2023 | -161.95 Mn |
| Dec 31, 2022 | -357.36 Mn |