NASDAQ : LCID
Lucid Group, Inc. — Financial statements
Consumer Discretionary · Auto Manufacturers · United States
Last price 3.2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.26B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Lucid Group, Inc. (LCID) reported revenue of 1.55B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.55B | 1.35B | 807.83M | 595.27M | 608.18M | 27.11M |
| Cost of Revenue | 3.10B | 2.61B | 1.73B | 1.94B | 1.65B | 154.90M |
| Gross Profit | -1.56B | -1.26B | -923.11M | -1.34B | -1.04B | -127.79M |
| Selling, General & Admin | 1.17B | 1.03B | 900.95M | 797.24M | 734.57M | 652.48M |
| Research & Development | 1.34B | 1.21B | 1.18B | 937.01M | 821.51M | 750.18M |
| Operating Expenses | 2.51B | 2.25B | 2.08B | 1.73B | 1.56B | 1.40B |
| Operating Income | -4.07B | -3.50B | -3.00B | -3.08B | -2.59B | -1.53B |
| Interest Expense | -148.36M | -95.10M | -32.92M | -24.91M | -30.60M | -1.37M |
| Interest & Investment Income | 82.65M | 156.44M | 213.03M | 204.27M | 56.76M | |
| Currency Exchange Gain (Loss) | -900.00K | 2.30M | -600.00K | 2.30M | ||
| Other Non Operating Income (Expenses) | 302.56M | 631.75M | 171.63M | 84.54M | 1.26B | -1.05B |
| EBT Excluding Unusual Items | -3.83B | -2.81B | -2.65B | -2.81B | -1.30B | -2.58B |
| Merger & Restructuring Charges | -71.61M | -20.30M | -24.55M | -2.72M | ||
| Gain (Loss) on Sale of Investments | -15.95M | -15.79M | -43.06M | 6.00M | ||
| Other Unusual Items | 67.91M | 121.77M | ||||
| Pretax Income | -3.85B | -2.70B | -2.71B | -2.83B | -1.30B | -2.58B |
| Income Tax Expense | 2.63M | -2.33M | 1.20M | 1.03M | 379.00K | 49.00K |
| Net Income | -3.86B | -2.70B | -2.71B | -2.83B | -1.30B | -2.58B |
| Preferred Dividends & Other Adjustments | 749.29M | 983.65M | 347.61M | 2.17B | ||
| Net Income to Common | -4.60B | -3.68B | -3.06B | -2.83B | -1.30B | -4.75B |
| Shares Outstanding (Basic) | 337.03M | 311.68M | 244.52M | 208.18M | 167.83M | 74.04M |
| Shares Outstanding (Diluted) | 337.03M | 311.68M | 244.52M | 208.18M | 169.33M | 74.04M |
| EPS (Basic) | -13.66 | -11.81 | -12.52 | -13.59 | -7.77 | -64.12 |
| EPS (Diluted) | -13.66 | -11.81 | -12.52 | -13.59 | -15.11 | -64.12 |
| Free Cash Flow | -5.11B | -3.80B | -2.90B | -3.40B | -3.30B | -1.48B |
| Free Cash Flow Per Share | -15.17 | -12.19 | -11.87 | -16.33 | -19.50 | -19.98 |
| Gross Margin | -100.60% | -92.81% | -114.27% | -225.24% | -170.66% | |
| Operating Margin | -263.03% | -258.66% | -371.43% | -516.58% | -426.52% | -5,645.11% |
| Profit Margin | -297.64% | -271.95% | -378.98% | -475.15% | -214.48% | -17,509.84% |
| Free Cash Flow Margin | -330.43% | -280.70% | -359.42% | -571.24% | -542.78% | -5,456.65% |
| EBITDA | -3.59B | -3.05B | -2.71B | -2.84B | -2.41B | -1.47B |
| EBITDA Margin | -231.95% | -225.33% | ||||
| D&A For EBITDA | 480.83M | 451.24M | 295.34M | 233.53M | 186.58M | 62.91M |
| EBIT | -4.07B | -3.50B | -3.00B | -3.08B | -2.59B | -1.53B |
| EBIT Margin | -263.03% | -258.66% | ||||
| Advertising Expenses | 112.20M | 49.80M | 35.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 732.60M | 997.83M | 1.61B | 1.37B | 1.74B | 6.26B |
| Short-Term Investments | 28.71M | 631.09M | 2.42B | 2.49B | 2.18B | |
| Cash & Short-Term Investments | 761.31M | 1.63B | 4.03B | 3.86B | 3.91B | 6.26B |
| Accounts Receivable | 223.05M | 177.16M | 112.03M | 51.82M | 19.54M | 3.15M |
| Other Receivables | 13.10M | 19.60M | 11.10M | 7.50M | ||
| Receivables | 223.05M | 190.26M | 131.62M | 62.92M | 27.04M | 3.15M |
| Inventory | 1.38B | 1.11B | 407.77M | 696.24M | 834.40M | 127.25M |
| Prepaid Expenses | 72.46M | 59.61M | 52.95M | 69.68M | 63.55M | 70.35M |
| Restricted Cash | 36.77M | 19.86M | 14.00K | 1.56M | 1.55M | 10.74M |
| Other Current Assets | 304.30M | 291.47M | 250.60M | 67.01M | 72.49M | 32.59M |
| Total Current Assets | 2.78B | 3.30B | 4.87B | 4.76B | 4.91B | 6.51B |
| Property, Plant & Equipment | 4.47B | 4.22B | 3.47B | 3.03B | 2.38B | 1.34B |
| Long-Term Investments | 14.19M | 512.24M | 1.05B | 542.56M | 529.97M | |
| Other Long-Term Assets | 436.23M | 354.98M | 249.44M | 180.63M | 55.30M | 30.61M |
| Total Assets | 7.70B | 8.39B | 9.65B | 8.51B | 7.88B | 7.88B |
| Accounts Payable | 366.91M | 487.52M | 133.83M | 108.72M | 229.08M | 41.34M |
| Accrued Expenses | 493.80M | 532.02M | 335.60M | 221.10M | 284.12M | 92.48M |
| Short-Term Debt | 72.53M | 9.60M | ||||
| Current Portion of Long-Term Debt | 707.14M | 671.75M | 126.42M | |||
| Current Portion of Leases | 72.24M | 148.39M | 42.38M | 36.63M | 21.86M | 15.24M |
| Current Unearned Revenue | 29.45M | 29.95M | 18.47M | 7.71M | ||
| Other Current Liabilities | 768.66M | 766.50M | 508.58M | 561.70M | 392.90M | 247.04M |
| Total Current Liabilities | 2.44B | 2.64B | 1.17B | 1.01B | 937.56M | 396.10M |
| Long-Term Debt | 2.55B | 2.05B | 2.00B | 2.00B | 1.99B | 1.99B |
| Long-Term Leases | 330.73M | 329.99M | 305.93M | 321.77M | 325.18M | 191.41M |
| Long-Term Unearned Revenue | 114.80M | 114.80M | 112.70M | 107.80M | ||
| Other Long-Term Liabilities | 420.25M | 258.70M | 889.20M | 226.08M | 274.96M | 1.40B |
| Total Liabilities | 5.85B | 5.39B | 4.48B | 3.66B | 3.53B | 3.97B |
| Common Stock | 39.00K | 33.00K | 30.00K | 230.00K | 183.00K | 165.00K |
| Additional Paid-In Capital | 16.64B | 16.34B | 16.81B | 15.07B | 11.75B | 10.00B |
| Retained Earnings | -17.67B | -15.61B | -12.91B | -10.20B | -7.37B | -6.07B |
| Treasury Stock | -20.72M | -20.72M | -20.72M | -20.72M | -20.72M | -20.72M |
| Comprehensive Income & Other | 615.00K | 11.69M | -2.10M | 4.85M | -11.57M | |
| Total Common Equity | -1.06B | 717.29M | 3.87B | 4.85B | 4.35B | 3.91B |
| Shareholders' Equity | 1.85B | 3.00B | 5.17B | 4.85B | 4.35B | 3.91B |
| Total Liabilities & Equity | 7.70B | 8.39B | 9.65B | 8.51B | 7.88B | 7.88B |
| Total Debt | 3.66B | 3.20B | 2.48B | 2.43B | 2.35B | 2.19B |
| Net Cash (Debt) | -2.90B | -1.57B | 1.55B | 1.43B | 1.56B | 4.07B |
| Net Cash Per Share | -8.59 | -5.03 | 6.36 | 6.88 | 9.24 | 54.96 |
| Filing Date Shares Outstanding | 394.07M | 327.68M | 303.15M | 230.00M | 182.96M | 165.33M |
| Total Common Shares Outstanding | 394.07M | 327.37M | 303.14M | 229.93M | 182.93M | 164.76M |
| Working Capital | 338.35M | 663.52M | 3.71B | 3.75B | 3.97B | 6.11B |
| Book Value Per Share | -2.68 | 2.19 | 12.78 | 21.10 | 23.78 | 23.73 |
| Tangible Book Value | -1.06B | 717.29M | 3.87B | 4.85B | 4.35B | 3.91B |
| Tangible Book Value Per Share | -2.68 | 2.19 | 12.78 | 21.10 | 23.78 | 23.73 |
| Land | 70.97M | 70.97M | 70.97M | 69.72M | 64.68M | 1.05M |
| Buildings | 1.10B | 1.10B | 1.08B | 576.10M | 197.41M | 195.95M |
| Machinery | 2.61B | 2.56B | 1.88B | 1.17B | 819.71M | 645.11M |
| Construction In Progress | 1.45B | 970.96M | 672.53M | 1.19B | 1.08B | 276.92M |
| Leasehold Improvements | 306.93M | 304.61M | 268.09M | 221.62M | 182.90M | 135.53M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.86B | -2.70B | -2.71B | -2.83B | -1.30B | -2.58B |
| Depreciation & Amortization | 480.83M | 451.24M | 295.34M | 233.53M | 186.58M | 62.91M |
| Loss (Gain) From Sale of Investments | 10.29M | -7.85M | -33.68M | -111.43M | -20.70M | |
| Stock-Based Compensation | 295.08M | 271.27M | 285.87M | 257.28M | 423.50M | 516.76M |
| Other Operating Activities | 763.01M | 137.59M | 470.78M | 919.06M | -619.05M | 1.12B |
| Change in Accounts Receivable | -100.70M | -65.69M | -61.28M | -32.51M | -16.50M | -2.89M |
| Change in Inventory | -1.71B | -1.45B | -334.24M | -658.01M | -1.26B | -175.09M |
| Change in Accounts Payable | 121.58M | 318.46M | 34.76M | -139.52M | 180.47M | 4.35M |
| Change in Other Net Operating Assets | -86.81M | 110.18M | 36.73M | -129.73M | 200.25M | -8.90M |
| Operating Cash Flow | -4.08B | -2.93B | -2.02B | -2.49B | -2.23B | -1.06B |
| Capital Expenditures | -1.03B | -868.16M | -883.84M | -910.64M | -1.07B | -421.22M |
| Investment in Securities | 1.79B | 2.34B | -410.61M | -129.00M | -2.70B | 505.00K |
| Other Investing Activities | 2.05M | 2.05M | 92.67M | 97.59M | 22.00K | |
| Investing Cash Flow | 763.25M | 1.48B | -1.29B | -946.98M | -3.68B | -420.69M |
| Short-Term Debt Issued | 341.24M | 79.84M | 62.91M | 29.82M | 41.94M | |
| Long-Term Debt Issued | 2.08B | 31.70M | 2.00B | |||
| Total Debt Issued | 1.75B | 2.42B | 79.84M | 62.91M | 61.52M | 2.04B |
| Short-Term Debt Repaid | -25.86M | -35.55M | -27.89M | |||
| Long-Term Debt Repaid | -1.68B | -3.17M | -5.42M | -4.98M | -3.09M | |
| Total Debt Repaid | -752.77M | -1.68B | -29.02M | -5.42M | -40.53M | -30.98M |
| Net Debt Issued (Repaid) | 992.82M | 733.12M | 50.82M | 57.49M | 20.99M | 2.01B |
| Issuance of Common Stock | 816.30M | 325.15M | 1.77B | 3.03B | 1.55B | 181.41M |
| Repurchase of Common Stock | -4.77M | -12.91M | -10.02M | -17.61M | -218.79M | -42.78M |
| Other Financing Activities | -27.58M | -158.02M | -9.24M | -6.63M | 4.38B | |
| Financing Cash Flow | 2.33B | 887.34M | 3.55B | 3.07B | 1.35B | 7.14B |
| Net Cash Flow | -990.93M | -566.14M | 235.54M | -365.81M | -4.56B | 5.66B |
| Free Cash Flow | -5.11B | -3.80B | -2.90B | -3.40B | -3.30B | -1.48B |
| Free Cash Flow Margin | -330.43% | -280.70% | -359.42% | -571.24% | -542.78% | -5,456.65% |
| Free Cash Flow Per Share | -15.17 | -12.19 | -11.87 | -16.33 | -19.50 | -19.98 |
| Levered Free Cash Flow | -3.36B | -2.40B | -2.05B | -2.26B | -2.33B | -795.82M |
| Unlevered Free Cash Flow | -3.27B | -2.34B | -2.03B | -2.25B | -2.32B | -794.96M |
| Cash Interest Paid | 108.38M | 55.82M | 25.53M | 18.18M | 23.20M | 627.00K |
| Cash Income Tax Paid | 3.69M | 4.50M | 88.00K | 37.00K | 480.00K | |
| Change in Working Capital | -1.77B | -1.09B | -324.04M | -959.77M | -892.13M | -182.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.30B | 3.43B | 9.09B | 9.64B | 12.48B | 62.64B |
| Enterprise Value | 4.19B | 5.82B | 9.09B | 7.62B | 11.48B | 58.06B |
| Last Close Price | 3.02 | 10.57 | 30.20 | 42.10 | 68.30 | 380.50 |
| PS Ratio | 0.83 | 2.53 | 11.26 | 16.19 | 20.52 | 2,310.66 |
| PB Ratio | 0.70 | 1.14 | 1.76 | 1.99 | 2.87 | 16.02 |
| P/TBV Ratio | 4.78 | 2.35 | 1.99 | 2.87 | 16.02 | |
| EV/Sales Ratio | 2.70 | 4.30 | 11.25 | 12.80 | 18.88 | 2,141.70 |
| Debt / Equity Ratio | 1.98 | 1.06 | 0.48 | 0.50 | 0.54 | 0.56 |
| Net Debt / Equity Ratio | 1.57 | 0.52 | -0.30 | -0.29 | -0.36 | -1.04 |
| Net Debt / EBITDA Ratio | -0.81 | -0.51 | 0.57 | 0.50 | 0.65 | 2.77 |
| Net Debt / FCF Ratio | -0.57 | -0.41 | 0.54 | 0.42 | 0.47 | 2.75 |
| Asset Turnover | 0.19 | 0.15 | 0.09 | 0.07 | 0.08 | 0.01 |
| Inventory Turnover | 2.97 | 3.44 | 3.14 | 2.53 | 3.42 | 2.42 |
| Quick Ratio | 0.40 | 0.69 | 3.57 | 3.89 | 4.20 | 15.82 |
| Current Ratio | 1.14 | 1.25 | 4.18 | 4.72 | 5.24 | 16.43 |
| Return on Equity (ROE) | -125.99% | -66.02% | -54.15% | -61.48% | -31.59% | -101.35% |
| Return on Assets (ROA) | -30.70% | -24.27% | -20.65% | -23.45% | -20.57% | -20.61% |
| Return on Capital Employed (ROCE) | -77.40% | -60.90% | -35.40% | -41.00% | -37.40% | -20.40% |
| Earnings Yield | -415.30% | -78.74% | -29.84% | -29.34% | -10.45% | -4.12% |
| FCF Yield | -397.94% | -110.90% | -31.93% | -35.28% | -26.45% | -2.36% |
| Buyback Yield / Dilution | -19.71% | -27.47% | -17.46% | -22.95% | -128.70% | -2,882.34% |