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LEV on Toronto Stock Exchange

The Lion Electric Co.

The Lion Electric Co. is a Quebec-based electric bus manufacturer.1 It is headquartered in Saint-Jerome, Canada.1 Its shares trade on Toronto Stock Exchange under the symbol LEV.1

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Last updated Oct 21, 2026.

Overview

$253.5MRevenue, fiscal 20233
-$103.8MNet income, fiscal 20233

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  • TickerLEV on Toronto Stock Exchange1
  • IndustryMotor Vehicles & Passenger Car Bodies1
  • HeadquartersSaint-Jerome, Canada1
  • Incorporated inQuebec, Canada4
  • Business address921, Chemin De La Riviere-Du-Nord, Saint-Jerome, A8 J7Y 5G24
  • Filer category, Emerging growth company4

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-2.2%Gross margin3
-45.0%Operating margin3
-40.9%Net margin3
81.2%Revenue growth, 20233
-28.9%Return on equity3
0.55×Debt to equity3
-$188.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue100¢$259.0M

Out of $253.5M in revenue.3 The company lost money this year.

Financial statements

Revenue563$253.5M in 2023+721% since 2019
0$100.0M$200.0M$300.0M2019: $30.9M$30.9M20192020: $23.4M$23.4M2020−24%2021: $57.7M$57.7M2021+146%2022: $139.9M$139.9M2022+142%2023: $253.5M$253.5M2023+81%
Gross profit563-$5.5M in 2023
-$20.0M-$10.0M0$10.0M$20.0M2019: $10.1M$10.1M20192020: $3.1M$3.1M2020−69%2021: $45.5K$45.5K2021−99%2022: -$12.9M-$12.9M20222023: -$5.5M-$5.5M2023−57%
Operating income563-$114.1M in 2023
-$150.0M-$100.0M-$50.0M0$50.0M2019: $1.1M$1.1M20192020: -$72.5M-$72.5M20202021: -$119.8M-$119.8M2021+65%2022: -$80.8M-$80.8M2022−33%2023: -$114.1M-$114.1M2023+41%
Net income563-$103.8M in 2023+3279% since 2019
-$150.0M-$100.0M-$50.0M0$50.0M2019: -$3.1M-$3.1M20192020: -$97.4M-$97.4M2020+3070%2021: -$43.3M-$43.3M2021−55%2022: $17.8M$17.8M20222023: -$103.8M-$103.8M2023
Fiscal year201820192020202120222023
Revenue$30.9M5$23.4M5$57.7M6$139.9M3$253.5M3
Cost of revenue$57.7M6$152.9M3$259.0M3
Gross profit$10.1M5$3.1M5$45.5K6-$12.9M3-$5.5M3
Operating income$1.1M5-$72.5M5-$119.8M6-$80.8M3-$114.1M3
Interest$8.3M6$955.4K6
Income before tax-$43.3M6$17.8M3-$103.8M3
Income tax$06$03$03
Net income-$3.1M5-$97.4M5-$43.3M6$17.8M3-$103.8M3
Earnings per share-$0.035-$0.885-$0.276$0.093-$0.463
Earnings per share (diluted)-$0.035-$0.885-$0.276$0.093-$0.463
Shares (weighted, basic)162.2M shares6193.1M shares3224.3M shares3
Shares (weighted, diluted)162.2M shares6200.6M shares3224.3M shares3

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Corporate structure

The Lion Electric Co. sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of The Lion Electric Co.

  • Quebec Investissement Filed SC 13G on The Lion Electric Co., latest Jul 28, 2023
  • XPND Croissance Fund Limited Partnership Filed SC 13G/A on The Lion Electric Co., latest Feb 14, 2023 (2 filings since Feb 25, 2022)
  • Marc Bedard Filed SC 13G/A on The Lion Electric Co., latest Feb 13, 2023 (2 filings since Mar 2, 2022)
  • Power Sustainable Capital Inc. Filed SC 13D on The Lion Electric Co., latest Dec 23, 2022 (2 filings since Feb 16, 2022)
  • The Lion Electric Co. Saint-Jerome, Canada
    • AUTOBUS LION INC. Subsidiary · Jefferson City, United States

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What The Lion Electric Co. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$198.5M3 Dec 31, 2023$160.8M3 Dec 31, 2022+23.5%
Operating-lease assets (leased space)$89.7M3 Dec 31, 2023$60.5M3 Dec 31, 2022+48.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$29.9M3 Dec 31, 2023$88.3M3 Dec 31, 2022−66.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$175.7M3 Dec 31, 2023$151.4M3 Dec 31, 2022+16.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$249.6M3 Dec 31, 2023$167.2M3 Dec 31, 2022+49.3%
Raw materials$9.8M3 Dec 31, 2023

Subsidiaries and ownership

Subsidiaries

  • AUTOBUS LION INC.
  • AUTOBUS LION INC.

Divisions

  • AUTOBUS LION INC.
  • AUTOBUS LION INC.

From Wikidata.1

Filings

87 filings to the SEC since October 2021: 3 annual reports, 8 large holders, 76 other. The latest 20:

  1. Jan 3, 20256-K EDGAR
  2. Dec 23, 20246-K EDGAR
  3. Dec 19, 20246-K EDGAR
  4. Dec 18, 20246-K EDGAR
  5. Dec 17, 20246-K EDGAR
  6. Dec 5, 20246-K EDGAR
  7. Dec 2, 20246-K EDGAR
  8. Nov 20, 20246-K EDGAR
  9. Nov 18, 20246-K EDGAR
  10. Nov 6, 20246-K EDGAR
  11. Oct 1, 20246-K EDGAR
  12. Sep 9, 2024UPLOAD EDGAR
  13. Sep 6, 2024CORRESP EDGAR
  14. Aug 23, 2024UPLOAD EDGAR
  15. Jul 31, 20246-K EDGAR
  16. Jul 2, 20246-K EDGAR
  17. May 16, 20246-K EDGAR
  18. May 8, 20246-K EDGAR
  19. Apr 18, 20246-K EDGAR
  20. Apr 15, 20246-K EDGAR

The 87 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How The Lion Electric Co. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLion Electric Co2
  • CIK0001834974
  • Employer ID (EIN)61-18699192
  • Filer status<br>emerging growth company2
  • Incorporated inQuebec, Canada2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address921, Chemin De La Riviere-Du-Nord, Saint-Jerome, A8 J7Y 5G22
  • Phone(450) 432-54662
  • Shares outstanding226,184,932 as of Dec 31, 20233
  • On EDGAR sinceDec 8, 20202
  • Filings126 in all: 6-K (60), 424B3 (12), 425 (6), CORRESP (6), UPLOAD (6), SC 13G (4), SUPPL (4), EFFECT (3)2
    All 24 form types

    F-4/A (3), SC 13G/A (3), 25-NSE (2), 40-F (2), 8-A12B (2), CERT (2), SEC STAFF LETTER (2), 20-F (1), F-1 (1), F-10 (1), F-10/A (1), F-4 (1), F-X (1), POS AM (1), S-8 (1), SC 13D (1)

  • Latest filingsAnnual report (40-F) Feb 29, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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