Lucid Group, Inc. LCID

Consumer discretionary SIC 3711 - Motor Vehicles & Passenger Car Bodies NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Manufacturing › Automobile and Light Duty Motor Vehicle Manufacturing derived Nasdaq

Lucid's mission is to advance the state-of-the-art of electric vehicle ("EV") technology for the benefit of all.

Lucid is a technology company that is shaping the future of mobility through its innovations, advanced technology, and software-defined vehicle platforms. The company's award-winning Lucid Air and Lucid Gravity set new standards with their unmatched combination of performance, range, space, and efficiency. Additionally, through our collaboration with leading market and technology partners, Lucid is leveraging its advanced software and hardware architecture to power the next generation of advanced driver assistance system ("ADAS") and true eyes-off, hands-off, and mind-off ("Level 4") autonomous mobility systems for consumer and ride-hailing applications.

Last close 3.52 2026-10-23
Market cap $1.39B 2026-06-30 share count
52-week range 2.37 - 19.48

Valuation FY2025 figures against the last close

P/S1.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-12.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.35B$807.8M$595.3M$608.2M$27.1M$4.0M$4.6M—
Cost of revenue $2.61B$1.73B$1.94B$1.65B$154.9M$3.1M$3.9M—
Gross profit -$1.26B-$923.1M-$1.34B-$1.04B-$127.8M$906.0K$664.0K—
R&D $1.21B$1.18B$937.0M$821.5M$750.2M$511.1M$220.2M—
SG&A $1.03B$901.0M$797.2M$734.6M$652.5M$89.0M$38.4M—
Total operating expenses $4.86B$3.83B$3.69B$3.20B$1.56B$603.2M$262.5M—
Operating income -$3.50B-$3.02B-$3.10B-$2.59B-$1.53B-$599.2M-$257.9M—
Interest expense $95.1M$32.9M$24.9M$30.6M$1.4M$64.0K$8.5M—
Pre-tax income -$2.70B-$2.71B-$2.83B-$1.30B-$2.58B-$719.6M-$277.3M—
Income tax $2.3M$1.2M$1.0M$379.0K$49.0K$188.0K$23.0K—
Net income -$2.70B-$2.71B-$2.83B-$1.30B-$2.58B-$719.4M-$277.4M—
EPS, basic -11.81-12.52-13.59-0.78-6.41-28.42-13.08—
EPS, diluted -12.09-12.52-13.59-1.51-6.41-28.42-13.08—
Shares, diluted (wtd. avg.) 313.4M244.5M208.2M1.69B740.4M24.8M20.6M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $997.8M$1.61B$1.37B$1.74B$6.30B$640.4M$379.7M$97.8M
Short-term investments $631.1M$2.42B$2.49B$2.18B$0$505.0K——
Receivables $177.2M$112.0M$51.8M$19.5M$3.1M$260.0K——
Inventory $1.11B$407.8M$696.2M$834.4M$127.2M$1.0M——
Total current assets $3.30B$4.87B$4.76B$4.91B$6.51B$662.6M——
Property, plant and equipment —————$713.3M——
Total assets $8.39B$9.65B$8.51B$7.88B$7.88B$1.40B——
Accounts payable $487.5M$133.8M$108.7M$229.1M$41.3M$17.3M——
Short-term debt $671.7M$126.4M$72.5M$9.6M$0$980.0K——
Total current liabilities $2.64B$1.17B$1.01B$937.6M$396.1M$185.3M——
Long-term debt $2.05B$2.00B$2.00B$1.99B$1.99B$0——
Total liabilities $5.39B$4.48B$3.66B$3.53B$3.97B$227.4M——
Retained earnings -$15.61B-$12.91B-$10.20B-$7.37B-$6.07B-$1.36B——
Total equity $717.3M$3.87B$4.85B$4.35B$3.91B-$1.32B-$621.1M-$359.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$2.93B-$2.02B-$2.49B-$2.23B-$1.06B-$570.2M-$235.3M—
Depreciation and amortisation $451.2M$295.3M$233.5M$186.6M—$10.2M$3.8M—
Stock-based compensation $271.3M$285.9M$257.3M$423.5M$516.8M$4.6M$7.7M—
Capital expenditure $868.2M$883.8M$910.6M$1.07B$421.2M$459.6M$104.3M—
Investing cash flow $1.48B-$1.29B-$947.0M-$3.68B-$420.7M-$459.6M-$104.3M—
Financing cash flow $887.3M$3.55B$3.07B$1.35B$7.14B$1.29B$621.4M—
Buybacks ——$0$0$200.0K$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-026842.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -4B -2B 0 2B Revenue, FY2019: 4.6M Gross profit, FY2019: 664K Net income, FY2019: -277.4M Revenue, FY2020: 4M Gross profit, FY2020: 906K Net income, FY2020: -719.4M Revenue, FY2021: 27.1M Gross profit, FY2021: -127.8M Net income, FY2021: -2.6B Revenue, FY2022: 608.2M Gross profit, FY2022: -1B Net income, FY2022: -1.3B Revenue, FY2023: 595.3M Gross profit, FY2023: -1.3B Net income, FY2023: -2.8B Revenue, FY2024: 807.8M Gross profit, FY2024: -923.1M Net income, FY2024: -2.7B Revenue, FY2025: 1.4B Gross profit, FY2025: -1.3B Net income, FY2025: -2.7B FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $4.6M $4.0M $27.1M $608.2M $595.3M $807.8M $1.35B
Gross profit — $664.0K $906.0K -$127.8M -$1.04B -$1.34B -$923.1M -$1.26B
Net income — -$277.4M -$719.4M -$2.58B -$1.30B -$2.83B -$2.71B -$2.70B

Recent filings and events

  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • New debt or obligation Item 2.03
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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