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Financials · LCID

Lucid Group Inc. (LCID) financials

For the twelve months ended Sep 30, 2026, Lucid Group Inc. reported $1.56B of revenue and -$3.71B of net income.

Revenue, TTM
$1.56B
Revenue growth, YoY
+46.5%
Net income, TTM
-$3.71B
Net margin
-237.6%
Free cash flow, TTM
-$5.20B
EPS, diluted, TTM
-$13.07
Cash
$930.74M
Total debt
$4.45B
P/S
0.91
Market cap
$1.42B
Annual revenue$1.35B
FY2019FY2025
Annual net income-$2.70B
FY2019FY2025
Annual free cash flow-$3.80B
FY2019FY2025

LCID revenue and earnings growth

LCID revenueQ3 2026$350.32M

Quarter YoY
+4.1%
QoQ
-13.6%
FY YoY
+67.6%
5Y CAGR
+220.9%

LCID revenue was $350.32M in fiscal Q3 2026 (ended Sep 30, 2026), up 4.1% from a year earlier and down 13.6% from the prior quarter. For the full fiscal 2025 it was $1.35B, up 67.6% from fiscal 2024. Compound annual growth was +220.9% over 5 years. It rose in 4 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

LCID net incomeQ3 2026-$830.86M

LCID net income was -$830.86M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$978.43M a year earlier. For the full fiscal 2025 it was -$2.70B, compared with -$2.71B in fiscal 2024.

LCID EPSQ3 2026-$2.74

LCID diluted EPS was -$2.74 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$3.31 a year earlier. For the full fiscal 2025 it was -$12.09, compared with -$12.52 in fiscal 2024.

LCID free cash flowQ3 2026-$1.04B

LCID free cash flow was -$1.04B in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$955.47M a year earlier. For the full fiscal 2025 it was -$3.80B, compared with -$2.90B in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$1.35B$807.83M$595.27M$608.18M$27.11M$3.98M$4.59M
Cost of revenue$2.61B$1.73B$1.94B$1.65B$154.90M$3.07M$3.93M
Gross profit-$1.26B-$923.11M-$1.34B-$1.04B-$127.79M$906.0K$664.0K
Research and development$1.21B$1.18B$937.01M$821.51M$750.18M$511.11M$220.22M
Selling, general and admin$1.03B$900.95M$797.24M$734.57M$652.48M$89.02M$38.38M
Operating income-$3.50B-$3.02B-$3.10B-$2.59B-$1.53B-$599.23M-$257.93M
Interest expense$95.10M$32.92M$24.91M$30.60M$1.37M$64.0K$8.55M
Pre-tax income-$2.70B-$2.71B-$2.83B-$1.30B-$2.58B-$719.57M-$277.33M
Income tax-$2.33M$1.20M$1.03M$379.0K$49.0K-$188.0K$23.0K
Net income-$2.70B-$2.71B-$2.83B-$1.30B-$2.58B-$719.38M-$277.36M
EPS, basic-$11.81-$12.52-$13.59-$7.80-$64.10-$284.20-$130.80
EPS, diluted-$12.09-$12.52-$13.59-$15.10-$64.10-$284.20-$130.80
Diluted shares313.4M244.5M208.2M169.3M74.0M2.5M2.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$997.83M$1.61B$1.37B$1.74B$6.30B$640.42M$379.65M
Short-term investments$631.09M$2.42B$2.49B$2.18B$0$505.0K-
Receivables$177.16M$112.03M$51.82M$19.54M$3.15M$260.0K-
Inventory$1.11B$407.77M$696.24M$834.40M$127.25M$1.04M-
Current assets$3.30B$4.87B$4.76B$4.91B$6.51B$662.56M-
Total assets$8.39B$9.65B$8.51B$7.88B$7.88B$1.40B-
Current liabilities$2.64B$1.17B$1.01B$937.56M$396.10M$185.28M-
Short-term debt$671.75M$126.42M$72.53M$9.60M$0$980.0K-
Long-term debt$2.05B$2.00B$2.00B$1.99B$1.99B$0-
Total debt$2.72B$2.13B$2.07B$2.00B$1.99B$980.0K-
Total liabilities$5.39B$4.48B$3.66B$3.53B$3.97B$227.38M-
Shareholders' equity$717.29M$3.87B$4.85B$4.35B$3.91B-$1.32B-$621.08M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$2.93B-$2.02B-$2.49B-$2.23B-$1.06B-$570.20M-$235.30M
Capital expenditures$868.16M$883.84M$910.64M$1.07B$421.22M$459.58M$104.29M
Free cash flow-$3.80B-$2.90B-$3.40B-$3.30B-$1.48B-$1.03B-$339.59M
Investing cash flow$1.48B-$1.29B-$946.98M-$3.68B-$420.69M-$459.58M-$104.29M
Financing cash flow$887.34M$3.55B$3.07B$1.35B$7.14B$1.29B$621.43M
Share repurchases--$0$0$20.72M$0$0
Stock-based compensation$271.27M$285.87M$257.28M$423.50M$516.76M$4.61M$7.72M
Depreciation and amortization$451.20M$295.30M$233.50M$186.60M---

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY67.6%35.7%-2.1%2143.3%581.9%-13.4%-
Gross margin-92.8%-114.3%-225.2%-170.7%-471.3%22.8%14.5%
Operating margin-258.7%-373.9%-520.7%-426.5%-5645.1%-15071.1%-5619.5%
Net margin-199.3%-336.0%-475.1%-214.5%-9515.6%-18093.1%-6042.6%
Free cash flow margin-280.7%-359.4%-571.2%-542.8%-5456.7%-25899.8%-7398.5%
Return on equity-376.1%-70.1%-58.3%-30.0%-66.0%--
Return on assets-32.2%-28.1%-33.2%-16.6%-32.7%-51.3%-
Current ratio1.254.184.725.2416.433.58-
Debt to equity3.790.550.430.460.51--

Source: XBRL data Lucid Group Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Nov 5, 2025.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LCID peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LCID$1.56B+46.5%-$3.71B-237.6%$1.42B
TSLA$103.57B+8.3%$3.22B3.1%$1.49T
RIVN$6.48B+11.1%-$2.98B-45.9%$20.45B
F$186.97B-1.4%-$7.79B-4.2%$50.00B
GM$186.95B-0.3%$4.08B2.2%$75.62B
PSNY$3.06B+50.3%-$2.36B-77.1%$775.4M
NIOCN¥87.49B+33.1%-CN¥15.57B-17.8%$8.53B
XPEVCN¥76.72B+87.7%-CN¥1.14B-1.5%$9.79B

LCID FAQ

9 questions
  • What is LCID revenue?
    Lucid Group Inc. (LCID) reported $1.56B of revenue for the twelve months ended Sep 30, 2026. That is up 46.5% from the year before. Revenue for fiscal 2025 was $1.35B.
  • Is LCID profitable?
    No. Lucid Group Inc. reported a net loss of $3.71B for the twelve months ended Sep 30, 2026.
  • How much cash and debt does LCID have?
    Lucid Group Inc. reported $930.74M in cash and cash equivalents and $4.45B of debt on its most recent balance sheet in SEC filings.
  • How fast is LCID revenue growing?
    Lucid Group Inc.'s revenue changed +67.6% in fiscal 2025, to $1.35B. Its compound annual growth rate was +220.9% over 5 years.
  • What is LCID gross margin?
    Lucid Group Inc.'s gross profit was -$1.42B on $1.56B of revenue for the twelve months ended Sep 30, 2026, a gross margin of -90.9%.
  • What is LCID free cash flow?
    Lucid Group Inc. generated -$5.20B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$4.08B less capital expenditures.
  • What is LCID earnings per share?
    Diluted earnings per share were -$13.07 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LCID last report financial results?
    The latest statements here come from Lucid Group Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this LCID financial data come from?
    Quantisnow builds these statements from the structured XBRL data Lucid Group Inc. files with the SEC. It is provided for information only and is not investment advice.