Lucid Group, Inc. LCID
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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.) | $313.4M | $244.5M | $208.2M | $1.69B | $740.4M | $24.8M | $20.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3711
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| TSLA | Tesla, Inc. | $1.40T | 327.9x | -2.9% |
| GM | General Motors Co | $77.01B | 26.8x | -2.1% |
| PCAR | PACCAR INC | $65.64B | 27.6x | -15.5% |
| F | FORD MOTOR CO | $58.35B | — | 1.2% |
| RIVN | Rivian Automotive, Inc. / DE | $20.86B | — | 8.4% |
| OSK | OSHKOSH CORP | $9.79B | — | -2.9% |
| FSS | FEDERAL SIGNAL CORP /DE/ | $7.28B | 29.7x | 17.1% |
| SEV | Aptera Motors Corp | $65.7M | — | — |