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Dec 31, 2024
ZEEKR Q4 2024 Earnings Report
Zeekr reported its Q4 2024 earnings with significant revenue growth and improved margins, despite continued net losses.
Key Takeaways
In Q4 2024, Zeekr achieved total revenues of $3,120,552,000, marking a 39.2% year-over-year increase. Gross profit surged to $591,355,000 with a 19.0% gross margin. The company reduced its net loss to $112,419,000, down from $2,937,919,000 a year ago. Strong vehicle sales and improved vehicle margin were key drivers of performance.
Total revenues grew 39.2% YoY to $3.12 billion.
Vehicle sales reached $2.64 billion, up 82.2% YoY.
Gross margin improved to 19.0%, up from 14.2%.
Net loss reduced significantly to $112.4 million.
Revenue by Segment
Forward Guidance
Zeekr aims to continue expanding its product lineup and global footprint in 2025, focusing on AI-driven innovation and scaling operations.
Positive Outlook
- Continued vehicle margin improvement expected.
- Strong order book for new models including Zeekr 007GT.
- Integration with Lynk & Co expected to yield synergies.
- Expansion of global sales and service network.
- Continued focus on cost reduction in supply chain.
Challenges Ahead
- Pricing pressure in the premium EV market.
- Macroeconomic uncertainties could impact demand.
- High R&D expenses due to new model rollouts.
- Increased competition in domestic and international markets.
- Potential foreign exchange fluctuations impacting results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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