Lucid Group, Inc.LCIDEarnings & Financial Report
Lucid Group, Inc., is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona. Production of its second model, the Lucid Gravity SUV, started in December 2024. Lucid also supplies and develops powertrain technology to other automakers, including Aston Ma...
LCID Q4 FY2025 Key Financial Metrics
Revenue
$522.7M
Gross Profit
$-421.9M
Operating Profit
$-1.1B
Net Profit
$-814.0M
Gross Margin
-80.7%
Operating Margin
-203.7%
Net Margin
-155.7%
YoY Growth
122.9%
EPS
$-8.26
Lucid Group, Inc. Q4 FY2025 Financial Summary
Lucid Group, Inc. reported revenue of $522.7M (up 122.9% YoY) for Q4 FY2025, with a net profit of $-814.0M (down 104.9% YoY) (-155.7% margin). Cost of goods sold was $944.6M, operating expenses totaled $642.8M.
Key Financial Metrics
| Total Revenue | $522.7M |
|---|---|
| Net Profit | $-814.0M |
| Gross Margin | -80.7% |
| Operating Margin | -203.7% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Lucid Group, Inc. Q4 FY2025 revenue of $522.7M breaks down across 7 segments, led by LCNRV at $287.2M (54.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| LCNRV | $287.2M | 54.9% |
| Other | $80.4M | 15.4% |
| Related Party | $74.4M | 14.2% |
| Regulatory Credits | $34.2M | 6.5% |
| Warranty Provision | $26.2M | 5.0% |
| Sale And Leaseback Transactions | $15.2M | 2.9% |
| Other International | $5.0M | 1.0% |
Lucid Group, Inc. Revenue by Segment — Quarterly Trend
Lucid Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as LCNRV and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| LCNRV | $287.2M | $192.1M | — | — |
| Other | $80.4M | — | $37.1M | $13.5M |
| Related Party | $74.4M | — | $30.2M | $5.1M |
| Regulatory Credits | $34.2M | $11.6M | — | $31.5M |
| Warranty Provision | $26.2M | $17.5M | — | $12.3M |
Lucid Group, Inc. Annual Revenue by Year
Lucid Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B).
Lucid Group, Inc. Quarterly Revenue & Net Profit History
Lucid Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $522.7M | +122.9% | $-814.0M | -155.7% |
| Q3 FY2025 | $336.6M | +68.3% | $-978.4M | -290.7% |
| Q2 FY2025 | $259.4M | +29.3% | $-539.4M | -207.9% |
| Q1 FY2025 | $235.0M | +36.1% | $-366.2M | -155.8% |
| Q4 FY2024 | $234.5M | +49.2% | $-397.2M | -169.4% |
| Q3 FY2024 | $200.0M | +45.2% | $-992.5M | -496.1% |
| Q2 FY2024 | $200.6M | +32.9% | $-643.4M | -320.8% |
| Q1 FY2024 | $172.7M | +15.6% | $-680.9M | -394.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $172.7M | $200.6M | $200.0M | $234.5M | $235.0M | $259.4M | $336.6M | $522.7M |
| YoY Growth | 15.6% | 32.9% | 45.2% | 49.2% | 36.1% | 29.3% | 68.3% | 122.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.90B | $8.22B | $8.49B | $9.65B | $9.22B | $8.87B | $8.82B | $8.39B |
| Liabilities | $4.16B | $4.06B | $4.75B | $4.48B | $4.37B | $4.60B | $5.10B | $5.39B |
| Equity | $4.23B | $3.52B | $2.68B | $3.87B | $3.18B | $2.41B | $1.80B | $717.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-516.7M | $-507.0M | $-462.8M | $-533.1M | $-428.6M | $-830.2M | $-756.6M | $-916.4M |