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.

Price · LCID

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.35B	$807.83M	$595.27M	$608.18M	$3.98M	$3.98M
Cost of Revenue	$2.61B	$1.73B	$1.94B	$1.65B	$154.90M	$3.07M
Gross Profit	($1.26B)	($923.11M)	($1.34B)	($1.04B)	($150.92M)	$906.0K
R&D	$1.21B	$1.18B	$937.01M	$821.51M	$750.18M	$511.11M
SG&A	$1.03B	$900.95M	$797.24M	$734.57M	$652.48M	$89.02M
Total Operating Expenses	$4.86B	$3.83B	$3.69B	$3.20B	$603.20M	$600.13M
D&A	$451.20M	$295.30M	-	-	-	$10.22M
Operating Income	($3.50B)	($3.02B)	($3.10B)	($2.59B)	($1.53B)	($599.23M)
Interest Expense	$95.10M	$32.92M	$24.91M	$30.60M	$1.37M	$64.0K
Income Tax	($2.33M)	$1.20M	$1.03M	$379.0K	$49.0K	($188.0K)
Net Income	($2.70B)	($2.71B)	($2.83B)	($1.30B)	($2.58B)	($719.38M)
EPS - Basic	($11.81)	($12.50)	($13.60)	($7.80)	($64.10)	($284.20)
EPS - Diluted	($12.09)	($12.50)	($13.60)	($15.10)	($64.10)	($284.20)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$997.83M	$1.61B	$1.37B	$1.74B	$6.26B	$3.59M
Accounts Receivable	$177.16M	$112.03M	$51.82M	$19.54M	$3.15M	-
Inventory	$1.11B	$407.77M	$696.24M	$834.40M	$127.25M	-
Accounts Payable	$487.52M	$133.83M	$108.72M	$229.08M	$41.34M	-
Current Assets	$3.30B	$4.87B	$4.76B	$4.91B	$6.51B	$4.53M
Total Assets	$8.39B	$9.65B	$8.51B	$7.88B	$7.88B	$2.07B
Current Liabilities	$2.64B	$1.17B	$1.01B	$937.56M	$396.10M	-
Long-term Debt	$2.05B	$2.00B	$2.00B	$1.99B	$1.99B	-
Total Liabilities	$5.39B	$4.48B	$3.66B	$3.53B	$3.97B	$155.87M
Stockholders' Equity	$717.29M	$3.87B	$4.85B	$4.35B	$3.91B	$5.00M
Retained Earnings	($15.61B)	($12.91B)	($10.20B)	($7.37B)	($6.07B)	$2.17M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	($2.93B)	($2.02B)	($2.49B)	($2.23B)	($1.06B)	($570.20M)
Investing Cash Flow	$1.48B	($1.29B)	($946.98M)	($3.68B)	($420.69M)	($459.58M)
Financing Cash Flow	$887.34M	$3.55B	$3.07B	$1.35B	$7.14B	$1.29B
CapEx	$868.16M	$883.84M	$910.64M	$459.58M	$421.22M	$459.58M
Free Cash Flow	($3.80B)	($2.90B)	($3.40B)	($2.69B)	($1.48B)	($1.03B)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-92.8%	-114.3%	-225.2%	-170.7%	-3795.8%	22.8%
Operating margin	-258.7%	-373.9%	-520.7%	-426.5%	-38492.1%	-15071.1%
EBITDA margin	-225.3%	-337.4%	-	-	-	-14814.1%
Net margin	-199.3%	-336.0%	-475.1%	-214.5%	-64883.3%	-18093.1%
Free cash flow margin	-280.7%	-359.4%	-571.2%	-441.6%	-37207.1%	-25899.8%
FCF / Net income	1.41	1.07	1.20	2.06	0.57	1.43
R&D / Revenue	89.5%	145.6%	157.4%	135.1%	18867.8%	12854.9%
SG&A / Revenue	76.4%	111.5%	133.9%	120.8%	16410.3%	2239.0%
Effective tax rate	-	-	-	-	-	-
Return on assets	-32.2%	-28.1%	-33.2%	-16.6%	-32.7%	-34.7%
Return on equity	-376.1%	-70.1%	-58.3%	-30.0%	-66.0%	-14387.6%
Return on invested capital	-100.1%	-40.6%	-35.8%	-32.3%	-20.5%	-
Liquidity
Current ratio	1.25	4.18	4.72	5.24	16.43	-
Quick ratio	0.83	3.83	4.03	4.35	16.11	-
Cash ratio	0.38	1.38	1.36	1.85	15.81	-
Leverage
Debt / Equity	2.85	0.52	0.41	0.46	0.51	-
Debt / Assets	0.24	0.21	0.23	0.25	0.25	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-36.8x	-91.8x	-124.4x	-84.8x	-1113.9x	-9362.9x
Equity multiplier	11.69	2.49	1.75	1.81	2.02	414.92
Liabilities / Assets	0.64	0.46	0.43	0.45	0.50	0.08
Efficiency
Asset turnover	0.16	0.08	0.07	0.08	0.00	0.00
Inventory turnover	2.35	4.24	2.78	1.97	1.22	-
Days sales outstanding	48d	51d	32d	12d	289d	-
Days inventory outstanding	155d	86d	131d	185d	300d	-
Days payable outstanding	68d	28d	20d	51d	97d	-
Cash conversion cycle	135d	108d	143d	146d	491d	-
Valuation
P / E	-	-	-	-	-	-
P / B	4.6x	19.1x	18.1x	26.6x	72.1x	497.0x
P / S	2.4x	91.4x	147.2x	190.2x	70855.1x	625.0x
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	67.6%	35.7%	-2.1%	15196.3%	0.0%	-13.4%
Revenue CAGR (3y)	30.6%	487.9%	431.0%	409.8%	-	-
Revenue CAGR (5y)	220.9%	181.3%	-	-	-	-
Gross profit growth (YoY)	-36.1%	31.2%	-29.2%	-587.7%	-	36.4%
Operating income growth (YoY)	-15.9%	2.5%	-19.5%	-69.5%	-155.4%	-132.3%
Net income growth (YoY)	0.6%	4.0%	-116.8%	49.4%	-258.6%	-159.4%
EPS growth (YoY)	3.3%	8.1%	9.9%	76.4%	77.4%	-2072.8%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-30.9%	14.6%	-26.6%	-81.6%	-43.7%	-203.2%
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-81.5%	-20.2%	11.5%	11.3%	78087.0%	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.35B total

Reportable Segment$1.35B · 100.0%

Product / service

$1.49B total

Vehicle 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 total

North 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%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-2.60

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

3/9

Weak

✗Net income positive
✗Operating cash flow positive
✗ROA improved YoY
✗Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✓No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Motor Vehicles & Passenger Car Bodies

Company	Revenue (last FY)	Net margin	ROE
PCAR	$28.44B	8.4%	12.3%
F	$187.27B	-4.4%	-22.8%
OSK	$10.42B	6.2%	14.3%
RIVN	$5.39B	-67.7%	-79.4%
WKHS	$21.21M	-302.1%	-148.9%

Comparing Lucid Group against the 5 most active filers in the same SIC group.