Lucid Group, Inc. income statement LCID

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Lucid Group, Inc. reported revenue of $1.4 billion, up 67.6% from the year before. It recorded a net loss of $2.7 billion. The operating loss came to $3.5 billion, an operating margin of -258.7%. Diluted earnings per share were -$12.09. Over the twelve months ended Jun 30, 2026, revenue was $1.5 billion and the net loss was $3.9 billion. Across the 5 fiscal years shown, revenue grew from $27.1 million in fiscal 2021 to $1.4 billion in fiscal 2025, about 165.8% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
Revenue
1,547
+66.5%
1,354
+67.6%
808
+35.7%
595
-2.1%
608
+2143.3%
27
Cost of revenue
3,041
+64.3%
2,610
+50.8%
1,731
-10.6%
1,936
+17.6%
1,646
+962.7%
155
Gross profit
-1,494
-62.0%
-1,256
-36.1%
-923
+31.2%
-1,341
-29.2%
-1,038
-712.2%
-128
Research and development
1,343
+18.9%
1,211
+3.0%
1,176
+25.6%
937
+14.1%
822
+9.5%
750
Selling, general and administrative
1,170
+23.6%
1,034
+14.8%
901
+13.0%
797
+8.5%
735
+12.6%
652
Restructuring and impairment
—
0
-100.0%
20
-17.3%
25
—
—
Operating expenses
—
2,245
+7.0%
2,098
+19.3%
1,759
+13.0%
1,556
+10.9%
1,403
Operating income
-4,078
-36.0%
-3,502
-15.9%
-3,021
+2.5%
-3,100
-19.5%
-2,594
-69.5%
-1,530
Other income (expense)
225
-67.8%
801
+160.1%
308
+13.2%
272
-78.9%
1,290
+222.9%
-1,049
Pretax income
-3,853
-67.7%
-2,700
+0.5%
-2,713
+4.1%
-2,827
-116.8%
-1,304
+49.4%
-2,580
Income tax
3
+198.9%
-2
-294.6%
1
+16.9%
1
+170.7%
0
+673.5%
0
Net income
-3,856
-68.0%
-2,698
+0.6%
-2,714
+4.0%
-2,828
-116.8%
-1,304
+49.4%
-2,580
Net income to common
-4,605
-50.6%
-3,682
-20.3%
-3,062
-8.2%
-2,828
-116.8%
-1,304
+72.5%
-4,747
Basic EPS
-13.67
-435.9%
-11.81
+5.7%
-12.52
+7.9%
-13.59
-1642.3%
-0.78
+87.8%
-6.41
Diluted EPS
-13.63
-434.5%
-12.09
+3.4%
-12.52
+7.9%
-13.59
-800.0%
-1.51
+76.4%
-6.41
Weighted average shares, basic
337
+144.8%
312
+27.5%
245
+17.5%
208
-87.6%
1,678
+126.7%
740
Weighted average shares, diluted
338
+145.0%
313
+28.2%
245
+17.5%
208
-87.7%
1,693
+128.7%
740
Other measures
Depreciation and amortization
481
451
+52.8%
295
—
—
—
EBITDA
-3,598
-3,051
-11.9%
-2,726
—
—
—
Interest coverage
-27.49x
-36.82x
-91.75x
—
—
—
Margins
Gross margin
-96.56%
-92.81%
-114.27%
-225.24%
-170.66%
-471.34%
Operating margin
-263.61%
-258.66%
-373.94%
-520.70%
-426.52%
-5,645.11%
Pretax margin
-249.04%
-199.47%
-335.81%
-474.98%
-214.42%
-9,515.37%
Profit margin
-249.21%
-199.30%
-335.95%
-475.15%
-214.49%
-9,515.55%
EBITDA margin
-232.54%
-225.33%
-337.39%
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Motor Vehicles & Passenger Car Bodies (SIC 3711)
Listed as
LCID (Nasdaq)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Newark, CA
SEC filer status
Large accelerated filer
SEC CIK
1811210
Former names
Churchill Capital Corp IV (until Jul 23, 2021); Annetta Acquisition Corp (until Jun 25, 2020)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.