LCID · Lucid Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $282.46M | - | $200.04M | $200.58M | $172.74M | - | $200.04M | $200.58M | $172.74M | - |
| Cost of Revenue | $594.17M | - | $670.20M | $531.78M | $463.56M | - | $412.54M | $470.36M | $404.80M | - |
| Gross Profit | ($311.70M) | - | ($470.16M) | ($331.20M) | ($290.82M) | - | ($212.51M) | ($269.77M) | ($232.06M) | - |
| R&D | $335.67M | - | $325.31M | $273.84M | $251.25M | - | $324.37M | $287.17M | $284.63M | - |
| SG&A | $304.18M | - | $283.10M | $256.86M | $212.18M | - | $233.59M | $210.25M | $213.23M | - |
| Total Operating Expenses | $1.27B | - | $1.28B | $1.06B | $926.98M | - | $970.58M | $988.00M | $902.65M | - |
| D&A | $116.40M | - | $69.50M | $66.20M | $68.80M | - | - | - | - | - |
| Operating Income | ($989.49M) | - | ($942.02M) | ($803.05M) | ($691.93M) | - | ($770.54M) | ($787.42M) | ($729.91M) | - |
| Interest Expense | $41.07M | - | $25.57M | $23.75M | $7.50M | - | $8.48M | $6.67M | $7.50M | - |
| Income Tax | $177.0K | - | ($363.0K) | ($2.37M) | ($1.36M) | - | $487.0K | ($65.0K) | $188.0K | - |
| Net Income | ($1.03B) | - | ($978.43M) | ($539.43M) | ($366.17M) | - | ($992.48M) | ($643.39M) | ($680.86M) | - |
| EPS - Basic | ($3.46) | - | ($3.31) | ($2.40) | ($2.40) | - | ($4.10) | ($3.40) | ($3.00) | - |
| EPS - Diluted | ($3.46) | - | ($3.31) | ($2.80) | ($2.40) | - | ($4.10) | ($3.40) | ($3.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $700.36M | $997.83M | $1.64B | $1.80B | $1.85B | $1.61B | $1.89B | $1.35B | $2.17B | $1.37B |
| Accounts Receivable | $131.24M | $177.16M | $137.64M | $125.27M | $90.33M | $112.03M | $98.24M | $101.37M | $126.93M | $51.82M |
| Inventory | $1.47B | $1.11B | $981.06M | $713.27M | $471.41M | $407.77M | $506.84M | $509.89M | $565.65M | $696.24M |
| Accounts Payable | $484.85M | $487.52M | $393.03M | $213.66M | $121.30M | $133.83M | $139.19M | $113.63M | $101.49M | $108.72M |
| Current Assets | $2.76B | $3.30B | $3.80B | $3.95B | $4.42B | $4.87B | $4.25B | $4.00B | $4.83B | $4.76B |
| Total Assets | $7.48B | $8.39B | $8.82B | $8.87B | $9.22B | $9.65B | $8.49B | $8.22B | $8.90B | $8.51B |
| Current Liabilities | $2.69B | $2.64B | $2.10B | $1.53B | $1.33B | $1.17B | $1.15B | $1.01B | $1.04B | $1.01B |
| Long-term Debt | $2.05B | $2.05B | $2.04B | $2.04B | $2.00B | $2.00B | $2.00B | $2.00B | $2.00B | $2.00B |
| Total Liabilities | $5.45B | $5.39B | $5.10B | $4.60B | $4.37B | $4.48B | $4.75B | $4.06B | $4.16B | $3.66B |
| Stockholders' Equity | ($351.37M) | $717.29M | $1.80B | $2.41B | $3.18B | $3.87B | $2.68B | $3.52B | $4.23B | $4.85B |
| Retained Earnings | ($16.64B) | ($15.61B) | ($14.80B) | ($13.82B) | ($13.28B) | ($12.91B) | ($12.52B) | ($11.52B) | ($10.88B) | ($10.20B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.19B) | - | - | - | ($428.61M) | - | - | - | ($516.75M) | - |
| Investing Cash Flow | $875.19M | - | - | - | $614.02M | - | - | - | $317.55M | - |
| Financing Cash Flow | $35.28M | - | - | - | $62.73M | - | - | - | $997.20M | - |
| CapEx | $253.17M | - | - | - | $161.24M | - | - | - | $198.20M | - |
| Free Cash Flow | ($1.44B) | - | - | - | ($589.85M) | - | - | - | ($714.94M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -110.4% | - | -235.0% | -165.1% | -168.4% | - | -106.2% | -134.5% | -134.3% | - |
| Operating margin | -350.3% | - | -470.9% | -400.4% | -400.6% | - | -385.2% | -392.6% | -422.6% | - |
| EBITDA margin | -309.1% | - | -436.2% | -367.4% | -360.7% | - | - | - | - | - |
| Net margin | -364.1% | - | -489.1% | -268.9% | -212.0% | - | -496.1% | -320.8% | -394.2% | - |
| Free cash flow margin | -509.4% | - | - | - | -341.5% | - | - | - | -413.9% | - |
| FCF / Net income | 1.40 | - | - | - | 1.61 | - | - | - | 1.05 | - |
| R&D / Revenue | 118.8% | - | 162.6% | 136.5% | 145.4% | - | 162.2% | 143.2% | 164.8% | - |
| SG&A / Revenue | 107.7% | - | 141.5% | 128.1% | 122.8% | - | 116.8% | 104.8% | 123.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -13.7% | - | -11.1% | -6.1% | -4.0% | - | -11.7% | -7.8% | -7.7% | - |
| Return on equity | 292.7% | - | -54.3% | -22.4% | -11.5% | - | -37.0% | -18.3% | -16.1% | - |
| Return on invested capital | -46.1% | - | -19.4% | -14.3% | -10.5% | - | -13.0% | -11.3% | -9.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.02 | 1.25 | 1.81 | 2.58 | 3.32 | 4.18 | 3.71 | 3.96 | 4.66 | 4.72 |
| Quick ratio | 0.48 | 0.83 | 1.34 | 2.11 | 2.97 | 3.83 | 3.26 | 3.45 | 4.12 | 4.03 |
| Cash ratio | 0.26 | 0.38 | 0.78 | 1.17 | 1.39 | 1.38 | 1.65 | 1.34 | 2.09 | 1.36 |
| Leverage | ||||||||||
| Debt / Equity | -5.83 | 2.85 | 1.13 | 0.85 | 0.63 | 0.52 | 0.75 | 0.57 | 0.47 | 0.41 |
| Debt / Assets | 0.27 | 0.24 | 0.23 | 0.23 | 0.22 | 0.21 | 0.24 | 0.24 | 0.22 | 0.23 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -24.1x | - | -36.8x | -33.8x | -92.2x | - | -90.9x | -118.0x | -97.3x | - |
| Equity multiplier | -21.30 | 11.69 | 4.90 | 3.68 | 2.90 | 2.49 | 3.16 | 2.34 | 2.10 | 1.75 |
| Liabilities / Assets | 0.73 | 0.64 | 0.58 | 0.52 | 0.47 | 0.46 | 0.56 | 0.49 | 0.47 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | 0.40 | - | 0.68 | 0.75 | 0.98 | - | 0.81 | 0.92 | 0.72 | - |
| Days sales outstanding | 170d | - | 251d | 228d | 191d | - | 179d | 184d | 268d | - |
| Days inventory outstanding | 902d | - | 534d | 490d | 371d | - | 448d | 396d | 510d | - |
| Days payable outstanding | 298d | - | 214d | 147d | 96d | - | 123d | 88d | 92d | - |
| Cash conversion cycle | 774d | - | 571d | 571d | 467d | - | 505d | 492d | 687d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | 4.1x | 26.8x | 23.1x | - | 30.6x | 17.2x | 15.5x | - |
| P / S | 11.1x | - | 37.1x | 321.7x | 425.4x | - | 410.1x | 300.6x | 379.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 63.5% | - | 0.0% | 0.0% | 0.0% | - | 45.2% | 32.9% | 15.6% | - |
| Revenue CAGR (3y) | 23.6% | - | 0.8% | 948.5% | 720.3% | - | 851.8% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -7.2% | - | -121.2% | -22.8% | -25.3% | - | 36.0% | 33.4% | 33.9% | - |
| Operating income growth (YoY) | -43.0% | - | -22.3% | -2.0% | 5.2% | - | -2.3% | 6.0% | 5.5% | - |
| Net income growth (YoY) | -180.8% | - | 1.4% | 16.2% | 46.2% | - | -57.3% | 15.8% | 12.7% | - |
| EPS growth (YoY) | -44.2% | - | 19.3% | 17.6% | 20.0% | - | -1364.3% | -750.0% | -597.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -143.9% | - | - | - | 17.5% | - | - | - | 31.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -81.5% | -32.9% | -31.5% | -24.8% | -20.2% | -50.4% | -41.0% | 16.5% | 11.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.35B totalReportable Segment$1.35B · 100.0%
Product / service
$1.49B totalVehicle Sales From EVs$1.18B · 79.2%
Electric Vehicle Purchase Agreement$144.00M · 9.6%
Regulatory Credits$96.00M · 6.4%
Sale And Leaseback Transactions$70.90M · 4.7%
Geographic
$2.66B totalNorth America$1.17B · 43.9%
US$1.14B · 43.0%
Middle East$163.56M · 6.2%
SA$161.80M · 6.1%
Other International$23.50M · 0.9%
Peer comparison
Same SIC group: Motor Vehicles & Passenger Car Bodies
Comparing Lucid Group against the 5 most active filers in the same SIC group.