Lotus Technology (LOT) Research & Development (2022 - 2025)
Lotus Technology (LOT) posted Research & Development of -$41.2 million for Q4 2025, down 9.74% quarter-over-quarter from -$37.5 million in Q3 2025, and up 12.95% year-on-year from -$36.4 million in Q4 2024.
Lotus Technology (LOT) Research & Development (2022 - 2025) Analysis & Trends
Lotus Technology (LOT) has reported Research & Development for 4 consecutive years, with -$41.2 million the latest figure, recorded in Q4 2025.
- Research & Development for Q4 2025 came in at -$41.2 million, up 12.95% year-over-year; the trailing twelve-month figure through Dec 2025 was -$171.0 million (up 37.79% YoY), and the FY2025 annual result was $171.0 million, down 37.79% from the prior year.
- Research & Development was -$41.2 million for Q4 2025 at Lotus Technology, down from -$37.5 million in the prior quarter.
- Over five years, Research & Development peaked at -$37.5 million in Q3 2025 and troughed at -$230.3 million in Q4 2022.
- Average Research & Development over 4 years is -$80.4 million, with a median of -$65.5 million recorded in 2023.
- The widest YoY moves for Research & Development: up 64.77% in 2024, down 59.85% in 2024.
- Over 4 years, Research & Development stood at -$230.3 million in 2022, then surged by 41.74% to -$134.2 million in 2023, then surged by 64.77% to -$47.3 million in 2024, then climbed by 12.95% to -$41.2 million in 2025.
- Per Business Quant data, the three most recent Research & Development figures were -$41.2 million in Q4 2025, -$37.5 million in Q3 2025, and -$43.7 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 1.95 Bn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | - |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | - |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -421.43 Mn |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 458.00 Mn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -394.63 Mn |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | -273.27 Mn |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -2,535.42 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | 335.67 Mn |
| 10 | Lotus Technology | 778.24 Mn | 391.90 Mn | 16.47 Mn | -41.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -41.15 Mn |
| Sep 30, 2025 | -37.50 Mn |
| Jun 30, 2025 | -43.70 Mn |
| Mar 31, 2025 | -48.60 Mn |
| Dec 31, 2024 | -47.28 Mn |
| Sep 30, 2024 | -52.67 Mn |
| Jun 30, 2024 | -70.16 Mn |
| Mar 31, 2024 | -104.69 Mn |
| Dec 31, 2023 | -134.18 Mn |
| Sep 30, 2023 | -82.00 Mn |
| Jun 30, 2023 | -87.05 Mn |
| Mar 31, 2023 | -65.49 Mn |
| Dec 31, 2022 | -230.31 Mn |