Lucid Group (LCID) Financials

$6.34 +0.29 (+4.79%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$6.30 -0.04 (-0.68%)

As of 05/8/2026 07:59 PM Eastern

Annual Income Statements for Lucid Group

This table shows Lucid Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-269	-706	-4,747	-1,304	-2,828	-3,062	-3,682
Consolidated Net Income / (Loss)	-277	-719	-2,580	-1,304	-2,828	-2,714	-2,698
Net Income / (Loss) Continuing Operations	-277	-719	-2,580	-1,304	-2,828	-2,714	-2,698
Total Pre-Tax Income	-277	-720	-2,580	-1,304	-2,827	-2,713	-2,700
Total Operating Income	-258	-599	-1,530	-2,594	-3,100	-3,021	-3,502
Total Gross Profit	0.66	0.91	-128	-1,038	-1,341	-923	-1,256
Total Revenue	4.59	3.98	27	608	595	808	1,354
Operating Revenue	4.59	3.98	27	608	595	808	1,354
Total Cost of Revenue	3.93	3.07	155	1,646	1,936	1,731	2,610
Operating Cost of Revenue	3.93	3.07	155	1,646	1,936	1,731	2,610
Total Operating Expenses	259	600	1,403	1,556	1,759	2,098	2,245
Selling, General & Admin Expense	38	89	652	735	797	901	1,034
Research & Development Expense	220	511	750	822	937	1,176	1,211
Restructuring Charge	-	-	0.00	0.00	25	20	0.00
Total Other Income / (Expense), net	-19	-120	-1,049	1,290	272	308	801
Interest Expense	8.55	0.06	1.37	31	25	33	-41
Interest & Investment Income	-	0.00	0.00	57	204	213	156
Other Income / (Expense), net	-11	-120	-1,048	1,264	93	128	618
Income Tax Expense	0.02	-0.19	0.05	0.38	1.03	1.20	-2.33
Preferred Stock Dividends Declared	-7.94	-14	2,167	0.00	-	348	984
Basic Earnings per Share	($13.08)	($28.42)	($6.41)	($0.78)	($13.59)	($12.52)	($11.81)
Weighted Average Basic Shares Outstanding	20.60M	24.83M	740.39M	1.68B	208.18M	244.52M	311.68M
Diluted Earnings per Share	($13.08)	($28.42)	($6.41)	($1.51)	($13.59)	($12.52)	($12.09)
Weighted Average Diluted Shares Outstanding	20.60M	24.83M	740.39M	1.69B	208.18M	244.52M	313.40M
Weighted Average Basic & Diluted Shares Outstanding	-	24.83M	740.39M	1.83B	2.30B	3.03B	327.68M

This table shows Lucid Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-764	-631	-654	-685	-790	-950	-637	-731	-739	-1,035	-1,177
Consolidated Net Income / (Loss)	-764	-631	-654	-681	-643	-992	-397	-366	-539	-978	-814
Net Income / (Loss) Continuing Operations	-764	-631	-654	-681	-643	-992	-397	-366	-539	-978	-814
Total Pre-Tax Income	-764	-631	-654	-681	-643	-992	-397	-368	-542	-979	-812
Total Operating Income	-838	-753	-	-730	-787	-771	-	-692	-803	-942	-1,065
Total Gross Profit	-405	-332	-	-232	-270	-213	-	-229	-272	-334	-422
Total Revenue	151	138	-584	173	201	200	-424	235	259	337	523
Operating Revenue	151	138	-	173	201	200	-	235	259	337	523
Total Cost of Revenue	556	470	-	405	470	413	-	464	532	670	945
Operating Cost of Revenue	556	470	-	405	470	413	-	464	532	670	945
Total Operating Expenses	433	421	-	498	518	558	-	463	531	608	643
Selling, General & Admin Expense	198	190	-	213	210	234	-	212	257	283	282
Research & Development Expense	233	231	-	285	287	324	-	251	274	325	361
Total Other Income / (Expense), net	74	122	-	49	144	-221	-	324	261	-37	252
Interest Expense	6.69	3.34	-	7.50	6.67	8.48	-	12	-93	26	14
Interest & Investment Income	40	66	-146	51	55	50	-51	52	44	35	25
Other Income / (Expense), net	41	60	-	6.11	96	-263	-	284	124	-46	256
Income Tax Expense	0.59	0.30	0.01	0.19	-0.07	0.49	0.59	-1.36	-2.37	-0.36	1.76
Basic Earnings per Share	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($4.09)	($0.20)	($0.24)	($0.24)	($3.31)	($3.78)
Weighted Average Basic Shares Outstanding	1.91B	2.28B	2.08B	2.30B	2.31B	232.40M	2.45B	3.04B	3.06B	312.17M	311.68M
Diluted Earnings per Share	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($4.09)	($0.20)	($0.24)	($0.28)	($3.31)	($3.78)
Weighted Average Diluted Shares Outstanding	1.91B	2.28B	2.08B	2.30B	2.31B	232.40M	2.45B	3.04B	3.06B	312.17M	313.40M
Basic & Diluted Earnings per Share	-	-	-	-	-	-	-	-	-	-	($3.78)
Weighted Average Basic & Diluted Shares Outstanding	2.28B	2.29B	2.30B	2.31B	2.32B	3.01B	3.03B	3.05B	3.07B	324.17M	327.68M

This table details how cash moves in and out of Lucid Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	282	261	5,658	-4,561	-366	236	-566
Net Cash From Operating Activities	-235	-570	-1,058	-2,226	-2,490	-2,020	-2,932
Net Cash From Continuing Operating Activities	-235	-570	-1,058	-2,226	-2,490	-2,020	-2,932
Net Income / (Loss) Continuing Operations	-277	-719	-2,580	-1,304	-2,828	-2,714	-2,698
Consolidated Net Income / (Loss)	-277	-719	-2,580	-1,304	-2,828	-2,714	-2,698
Depreciation Expense	3.84	10	63	187	234	295	451
Amortization Expense	3.39	0.00	18	15	-66	-43	12
Non-Cash Adjustments To Reconcile Net Income	23	124	1,623	-231	1,131	766	389
Changes in Operating Assets and Liabilities, net	12	15	-183	-892	-960	-324	-1,086
Net Cash From Investing Activities	-104	-460	-421	-3,682	-947	-1,294	1,478
Net Cash From Continuing Investing Activities	-104	-460	-421	-3,682	-947	-1,294	1,478
Purchase of Property, Plant & Equipment	-104	-460	-421	-1,075	-911	-884	-868
Purchase of Investments	-	0.00	0.00	-3,854	-3,998	-4,623	-310
Sale and/or Maturity of Investments	0.00	0.00	0.51	1,150	3,869	4,212	2,654
Other Investing Activities, net	-	0.00	0.02	98	93	0.00	2.05
Net Cash From Financing Activities	621	1,291	7,136	1,347	3,071	3,550	887
Net Cash From Continuing Financing Activities	621	1,291	7,136	1,347	3,071	3,550	887
Repayment of Debt	0.00	-0.36	-44	-42	0.00	-32	-1,719
Repurchase of Preferred Equity	-50	-12	-3.00	0.00	0.00	-2.99	0.00
Repurchase of Common Equity	0.00	0.00	-21	-	0.00	0.00	-0.28
Issuance of Debt	71	0.00	2,044	30	63	80	2,416
Issuance of Preferred Equity	600	1,300	603	0.00	0.00	1,750	0.00
Issuance of Common Equity	-	0.00	0.00	1,534	3,021	1,763	323
Other Financing Activities, net	0.48	3.29	4,557	-174	-13	-8.30	-132
Cash Interest Paid	0.03	0.05	0.63	23	18	26	56
Cash Income Taxes Paid	-	0.00	0.00	0.48	0.04	0.09	4.51

This table details how cash moves in and out of Lucid Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	1,875	-1,611	206	798	-816	540	-287	248	-57	-125	-632
Net Cash From Operating Activities	-700	-514	-475	-517	-507	-463	-533	-429	-830	-757	-916
Net Cash From Continuing Operating Activities	-700	-514	-475	-517	-507	-463	-533	-429	-830	-757	-916
Net Income / (Loss) Continuing Operations	-764	-631	-654	-681	-643	-992	-397	-366	-539	-978	-814
Consolidated Net Income / (Loss)	-764	-631	-654	-681	-643	-992	-397	-366	-539	-978	-814
Depreciation Expense	55	61	67	69	66	69	91	98	111	120	122
Amortization Expense	-6.90	-27	-21	-13	-14	-6.63	-9.79	-4.57	2.99	6.92	6.49
Non-Cash Adjustments To Reconcile Net Income	321	262	218	195	115	497	-41	-94	17	354	112
Changes in Operating Assets and Liabilities, net	-306	-179	-85	-87	-30	-30	-176	-61	-422	-260	-343
Net Cash From Investing Activities	-438	-1,132	652	318	-311	284	-1,584	614	694	255	-85
Net Cash From Continuing Investing Activities	-438	-1,132	652	318	-311	284	-1,584	614	694	255	-85
Purchase of Property, Plant & Equipment	-204	-193	-273	-198	-234	-160	-292	-161	-183	-199	-325
Sale and/or Maturity of Investments	1,076	498	1,338	1,030	1,263	964	956	1,062	899	452	241
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	-	0.09
Net Cash From Financing Activities	3,014	35	28	997	2.36	719	1,831	63	79	376	370
Net Cash From Continuing Financing Activities	3,014	35	28	997	2.36	719	1,834	63	79	376	370
Repayment of Debt	-	-	-	0.00	-	-28	-0.19	-0.51	-949	-0.17	-769
Issuance of Debt	-	39	20	0.00	-	-	80	67	1,140	80	1,130
Issuance of Common Equity	-	-	-	-	-	-	1,744	-	-	300	10
Other Financing Activities, net	12	-3.57	7.97	-2.80	6.63	-0.62	7.69	-3.42	-124	-3.48	-1.05
Cash Interest Paid	10	-3.37	10	1.03	11	1.26	13	4.32	12	4.97	34
Cash Income Taxes Paid	0.02	0.01	-	0.01	0.03	-	0.05	0.00	3.41	0.51	0.59

This table presents Lucid Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,403	7,882	7,879	8,513	9,648	8,387
Total Current Assets	663	6,507	4,912	4,757	4,874	3,300
Cash & Equivalents	614	6,263	1,736	1,370	1,607	998
Short-Term Investments	0.51	0.00	2,177	2,490	2,424	631
Accounts Receivable	0.26	3.15	20	52	112	177
Inventories, net	1.04	127	834	696	408	1,110
Prepaid Expenses	22	70	64	70	53	60
Other Current Assets	24	43	82	80	270	324
Plant, Property, & Equipment, net	713	1,182	2,167	2,811	3,263	3,978
Total Noncurrent Assets	27	193	800	945	1,511	1,109
Long-Term Investments	-	0.00	530	543	1,050	512
Other Noncurrent Operating Assets	27	193	270	402	461	597
Total Liabilities & Shareholders' Equity	1,403	7,882	7,879	8,513	9,648	8,387
Total Liabilities	227	3,972	3,530	3,661	4,475	5,386
Total Current Liabilities	185	396	938	1,008	1,165	2,636
Short-Term Debt	-	-	-	-	126	672
Accounts Payable	17	41	229	109	134	488
Other Current Liabilities	152	322	645	900	905	1,477
Total Noncurrent Liabilities	42	3,576	2,592	2,653	3,310	2,750
Long-Term Debt	0.00	1,987	1,992	1,997	2,002	2,047
Capital Lease Obligations	0.00	6.08	81	78	76	105
Other Noncurrent Operating Liabilities	42	1,583	519	578	1,232	599
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	2,494	-	-	0.00	1,300	2,283
Total Equity & Noncontrolling Interests	-1,319	3,909	4,350	4,852	3,873	717
Total Preferred & Common Equity	-1,319	3,909	4,350	4,852	3,873	717
Total Common Equity	-1,319	3,909	4,350	4,852	3,873	717
Common Stock	38	9,996	11,752	15,066	16,808	16,337
Retained Earnings	-1,357	-6,066	-7,370	-10,199	-12,913	-15,611
Treasury Stock	0.00	-21	-21	-21	-21	-21
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-12	4.85	-2.10	12

This table presents Lucid Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	6,888	7,261	9,415	8,941	8,897	8,223	8,489	9,218	8,869	8,823
Total Current Assets	4,156	4,120	6,257	5,391	4,834	4,001	4,247	4,423	3,951	3,800
Cash & Equivalents	1,264	900	2,775	1,164	2,169	1,354	1,894	1,855	1,796	1,635
Short-Term Investments	2,078	2,078	2,474	3,258	1,825	1,863	1,578	1,756	1,030	702
Accounts Receivable	2.66	2.58	21	23	127	101	98	90	125	138
Inventories, net	685	1,018	850	799	566	510	507	471	713	981
Prepaid Expenses	57	62	73	76	72	72	62	51	63	58
Other Current Assets	69	59	64	70	75	102	108	199	223	286
Plant, Property, & Equipment, net	1,954	2,323	2,475	2,673	2,972	3,066	3,222	3,322	3,568	3,752
Total Noncurrent Assets	777	818	684	877	1,091	1,156	1,020	1,472	1,350	1,271
Long-Term Investments	514	442	288	480	688	739	601	947	808	688
Other Noncurrent Operating Assets	263	376	395	397	403	417	419	525	542	583
Total Liabilities & Shareholders' Equity	6,888	7,261	9,415	8,941	8,897	8,223	8,489	9,218	8,869	8,823
Total Liabilities	3,657	3,629	3,455	3,535	4,160	4,056	4,745	4,370	4,597	5,102
Total Current Liabilities	825	1,015	886	1,038	1,037	1,011	1,146	1,331	1,534	2,105
Accounts Payable	80	146	140	105	101	114	139	121	214	393
Other Current Liabilities	696	784	677	872	835	760	868	1,210	1,320	1,712
Total Noncurrent Liabilities	2,831	2,614	2,570	2,497	3,124	3,045	3,599	3,038	3,063	2,997
Long-Term Debt	1,991	1,993	1,994	1,996	1,998	2,000	2,001	2,003	2,039	2,040
Capital Lease Obligations	79	79	79	77	76	77	75	75	176	102
Other Noncurrent Operating Liabilities	761	542	496	425	1,050	969	1,523	959	848	855
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	504	651	1,060	1,665	1,865	1,921
Total Equity & Noncontrolling Interests	3,231	3,632	5,960	5,406	4,232	3,516	2,684	3,184	2,408	1,800
Total Preferred & Common Equity	3,231	3,632	5,960	5,406	4,232	3,516	2,684	3,184	2,408	1,800
Total Common Equity	3,231	3,632	5,960	5,406	4,232	3,516	2,684	3,184	2,408	1,800
Common Stock	10,163	11,810	14,905	14,982	15,135	15,064	15,207	16,478	16,232	16,605
Retained Earnings	-6,898	-8,150	-8,914	-9,545	-10,880	-11,523	-12,515	-13,279	-13,818	-14,797
Treasury Stock	-21	-21	-21	-21	-21	-21	-21	-21	-21	-21
Accumulated Other Comprehensive Income / (Loss)	-13	-7.54	-9.95	-10	-2.40	-4.16	13	5.35	15	13

This table displays calculated financial ratios and metrics derived from Lucid Group's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-13.38%	581.87%	2,143.30%	-100.00%	0.00%	67.58%
EBITDA Growth	0.00%	-134.95%	-146.02%	-65.11%	-23.59%	5.24%	8.35%
EBIT Growth	0.00%	-132.32%	-155.40%	-69.49%	-20.45%	2.26%	0.32%
NOPAT Growth	0.00%	-132.32%	-155.40%	-69.49%	-20.45%	2.26%	-15.92%
Net Income Growth	0.00%	-159.37%	-258.61%	49.43%	-116.83%	4.05%	0.59%
EPS Growth	0.00%	-117.28%	77.45%	76.44%	9.93%	8.09%	3.43%
Operating Cash Flow Growth	0.00%	-142.33%	-85.57%	-110.39%	-11.84%	18.88%	-45.17%
Free Cash Flow Firm Growth	0.00%	0.00%	-260.78%	57.89%	-5.10%	3.30%	-103.38%
Invested Capital Growth	0.00%	0.00%	397.85%	10.66%	5.89%	5.05%	60.37%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	50.49%	-100.00%	100.00%	27.05%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-14.01%	-4.56%	4.29%	-15.09%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-12.65%	-4.35%	2.89%	-14.49%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-12.65%	-4.01%	2.58%	-10.47%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	30.52%	-6.84%	8.64%	-18.27%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-101.69%	11.11%	3.85%	-20.18%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-12.78%	-17.76%	6.53%	-2.99%	-15.04%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	40.25%	-335.25%	-15.90%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	23.94%	-7.31%	24.21%	29.73%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	-	-	-	-	-	-	-92.81%
EBITDA Margin	-5,461.83%	-14,814.13%	-5,344.93%	-393.38%	0.00%	0.00%	-178.79%
Operating Margin	-	-	-	-	-	-	-258.66%
EBIT Margin	-5,619.48%	-15,071.10%	-5,645.11%	-426.52%	0.00%	0.00%	-212.99%
Profit (Net Income) Margin	-6,042.64%	-18,093.06%	-9,515.55%	-214.49%	0.00%	0.00%	-199.30%
Tax Burden Percent	100.01%	99.97%	100.00%	100.03%	100.04%	100.04%	99.91%
Interest Burden Percent	107.52%	120.08%	168.56%	50.27%	90.49%	88.83%	93.65%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-70.34%	-30.05%	-29.03%	0.00%	0.00%	-82.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-3,531.04%	-177.54%	-4.97%	0.00%	0.00%	-59.50%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-52.07%	-71.42%	-2.55%	0.00%	0.00%	15.98%
Return on Equity (ROE)	0.00%	-122.42%	-101.47%	-31.59%	-61.48%	-54.15%	-66.02%
Cash Return on Invested Capital (CROIC)	0.00%	-270.34%	-163.14%	-39.16%	-38.05%	-34.89%	-128.37%
Operating Return on Assets (OROA)	0.00%	-42.72%	-32.97%	-32.92%	0.00%	0.00%	-31.98%
Return on Assets (ROA)	0.00%	-51.29%	-55.57%	-16.55%	0.00%	0.00%	-29.92%
Return on Common Equity (ROCE)	0.00%	137.36%	-51.70%	-31.59%	-61.48%	-47.13%	-37.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	54.55%	-65.99%	-29.99%	-58.30%	-70.08%	0.00%
Net Operating Profit after Tax (NOPAT)	-181	-419	-1,071	-1,816	-2,187	-2,138	-2,451
NOPAT Margin	-3,933.63%	-10,549.77%	-3,951.58%	-298.56%	0.00%	0.00%	-181.06%
Net Nonoperating Expense Percent (NNEP)	0.00%	3,460.69%	147.49%	-24.07%	29.64%	27.17%	-22.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-69.24%
Cost of Revenue to Revenue	-	-	-	-	-	-	192.81%
SG&A Expenses to Revenue	4,797.89%	12,854.88%	2,767.09%	135.08%	0.00%	0.00%	76.38%
R&D to Revenue	-	-	-	-	-	-	89.48%
Operating Expenses to Revenue	5,719.48%	15,171.10%	5,745.11%	526.52%	0.00%	0.00%	165.86%
Earnings before Interest and Taxes (EBIT)	-258	-599	-1,530	-2,594	-3,125	-3,054	-2,883
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-251	-589	-1,449	-2,392	-2,957	-2,802	-2,420
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	16.02	2.64	1.99	2.35	4.78
Price to Tangible Book Value (P/TBV)	0.00	0.00	16.02	2.64	1.99	2.35	4.78
Price to Revenue (P/Rev)	392.16	651.43	2,310.66	18.87	0.00	0.00	2.53
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	3.76	9.84	1.82	1.49	1.49	1.74
Enterprise Value to Revenue (EV/Rev)	0.00	1,128.54	2,154.46	19.67	0.00	0.00	4.72
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.01	0.52	0.51	0.43	0.41	0.94
Long-Term Debt to Equity	0.00	0.00	0.51	0.46	0.41	0.39	0.72
Financial Leverage	0.00	0.01	0.40	0.51	0.47	0.42	-0.27
Leverage Ratio	0.00	1.19	1.83	1.91	1.78	1.81	2.21
Compound Leverage Factor	0.00	1.43	3.08	0.96	1.61	1.61	2.07
Debt to Total Capital	0.00%	1.45%	34.16%	33.80%	30.27%	29.23%	48.47%
Short-Term Debt to Total Capital	0.00%	1.45%	0.70%	3.49%	1.56%	1.83%	11.53%
Long-Term Debt to Total Capital	0.00%	0.00%	33.46%	30.31%	28.70%	27.39%	36.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	209.12%	0.00%	0.00%	0.00%	17.79%	39.21%
Common Equity to Total Capital	0.00%	-110.58%	65.84%	66.20%	69.73%	52.99%	12.32%
Debt to EBITDA	0.00	-0.03	-1.40	-0.93	-0.71	-0.76	-1.17
Net Debt to EBITDA	0.00	1.01	2.92	-0.20	-0.25	-0.19	-0.28
Long-Term Debt to EBITDA	0.00	0.00	-1.37	-0.83	-0.68	-0.71	-0.89
Debt to NOPAT	0.00	-0.04	-1.89	-1.22	-0.96	-1.00	-1.15
Net Debt to NOPAT	0.00	1.42	3.95	-0.27	-0.34	-0.25	-0.28
Long-Term Debt to NOPAT	0.00	0.00	-1.85	-1.10	-0.91	-0.94	-0.88
Altman Z-Score	-	-	-	-	-	-	-3.10
Noncontrolling Interest Sharing Ratio	0.00%	212.21%	49.05%	0.00%	0.00%	12.97%	43.84%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	-	-	-	-	-	-	1.25
Quick Ratio	-	-	-	-	-	-	0.69
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,612	-5,816	-2,449	-2,574	-2,489	-3,837
Operating Cash Flow to CapEx	0.00%	-124.07%	-251.21%	-207.12%	-273.41%	-228.51%	-337.72%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.01	0.08	0.00	0.00	0.15
Accounts Receivable Turnover	-	-	-	-	-	-	9.36
Inventory Turnover	-	-	-	-	-	-	3.44
Fixed Asset Turnover	0.00	0.01	0.03	0.36	0.00	0.00	0.37
Accounts Payable Turnover	-	-	-	-	-	-	8.40
Days Sales Outstanding (DSO)	-	-	-	-	-	-	38.98
Days Inventory Outstanding (DIO)	-	-	-	-	-	-	106.09
Days Payable Outstanding (DPO)	-	-	-	-	-	-	43.44
Cash Conversion Cycle (CCC)	-	-	-	-	-	-	101.63
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	1,193	5,937	6,571	6,957	7,309	3,682
Invested Capital Turnover	0.00	0.01	0.01	0.10	0.00	0.00	0.45
Increase / (Decrease) in Invested Capital	0.00	1,193	4,745	633	387	351	1,386
Enterprise Value (EV)	0.00	4,487	58,409	11,963	10,374	10,924	6,392
Market Capitalization	1,800	2,590	62,644	11,477	9,638	9,095	3,426
Book Value per Share	$0.00	($5.10)	$2.37	$2.59	$2.12	$1.29	$2.21
Tangible Book Value per Share	$0.00	($5.10)	$2.37	$2.59	$2.12	$1.29	$2.21
Total Capital	0.00	1,193	5,937	6,571	6,957	7,309	5,824
Total Debt	0.00	17	2,028	2,221	2,106	2,136	2,823
Total Long-Term Debt	0.00	0.00	1,987	1,992	1,997	2,002	2,151
Net Debt	0.00	-597	-4,235	485	736	529	682
Capital Expenditures (CapEx)	0.00	460	421	1,075	911	884	868
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-	-	-	-	-	-	-294
Debt-free Net Working Capital (DFNWC)	-	-	-	-	-	-	1,335
Net Working Capital (NWC)	-	-	-	-	-	-	664
Net Nonoperating Expense (NNE)	97	300	1,508	-511	641	576	247
Net Nonoperating Obligations (NNO)	0.00	17	2,028	2,221	2,106	2,136	682
Total Depreciation and Amortization (D&A)	7.24	10	81	202	168	252	463
Debt-free, Cash-free Net Working Capital to Revenue	-	-	-	-	-	-	-21.69%
Debt-free Net Working Capital to Revenue	-	-	-	-	-	-	98.63%
Net Working Capital to Revenue	-	-	-	-	-	-	49.01%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($6.41)	($0.78)	($1.36)	($1.25)	($11.81)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	740.39M	1.68B	2.08B	2.45B	311.68M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($6.41)	($1.51)	($1.36)	($1.25)	($12.09)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	740.39M	1.69B	2.08B	2.45B	313.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	1.65B	1.83B	2.30B	3.03B	327.68M
Normalized Net Operating Profit after Tax (NOPAT)	-181	-419	-1,071	-1,816	-2,587	-2,689	-2,451
Normalized NOPAT Margin	-3,933.63%	-10,549.77%	-3,951.58%	-298.56%	0.00%	0.00%	-181.06%
Pre Tax Income Margin	-6,042.14%	-18,097.79%	-9,515.37%	-214.42%	0.00%	0.00%	-199.47%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-0.80%	0.00%	0.00%	0.00%	-0.01%

This table displays calculated financial ratios and metrics derived from Lucid Group's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	89.93%	-7.26%	-353.32%	17.91%	5.35%	-100.00%	27.37%	3.12%	29.34%	68.26%	122.94%
EBITDA Growth	-48.04%	-8.37%	-17.63%	10.14%	1.89%	-8.44%	14.59%	12.33%	11.69%	11.31%	-87.38%
EBIT Growth	-43.48%	-3.57%	-16.78%	7.22%	1.35%	-12.19%	10.01%	5.82%	1.82%	4.42%	-82.14%
NOPAT Growth	-44.68%	-4.07%	-15.49%	7.22%	2.17%	-11.65%	9.01%	5.82%	-1.99%	-22.25%	-45.27%
Net Income Growth	-246.71%	-19.01%	-38.32%	12.66%	15.81%	-57.31%	39.24%	46.22%	16.16%	1.42%	-104.93%
EPS Growth	-21.21%	30.00%	40.48%	30.23%	15.00%	-46.43%	20.00%	20.00%	17.65%	19.07%	-45.38%
Operating Cash Flow Growth	-36.36%	9.81%	26.83%	35.51%	27.61%	9.89%	-12.35%	17.06%	-63.76%	-63.50%	-71.89%
Free Cash Flow Firm Growth	51.39%	-194.80%	13.78%	-286.00%	144.63%	140.29%	9.07%	62.07%	-228.93%	-703.19%	-646.95%
Invested Capital Growth	38.87%	41.59%	5.89%	18.47%	-22.41%	-21.61%	5.05%	2.00%	24.73%	62.52%	60.37%
Revenue Q/Q Growth	0.51%	7.08%	-386.31%	138.27%	-10.20%	-100.00%	0.00%	112.31%	10.37%	29.74%	55.31%
EBITDA Q/Q Growth	-8.11%	12.95%	-31.95%	27.63%	-18.03%	3.78%	-3.92%	25.71%	-79.56%	-52.46%	20.96%
EBIT Q/Q Growth	-9.02%	13.95%	-32.11%	25.14%	-15.92%	2.14%	-5.97%	21.65%	-66.41%	-45.55%	18.10%
NOPAT Q/Q Growth	-9.93%	14.25%	-30.02%	24.30%	-15.92%	2.14%	-5.97%	21.65%	-16.06%	-17.31%	-13.03%
Net Income Q/Q Growth	1.96%	17.45%	-3.63%	-4.14%	5.50%	-54.26%	59.98%	7.82%	-47.32%	-81.38%	16.80%
EPS Q/Q Growth	6.98%	30.00%	10.71%	-20.00%	-13.33%	-20.59%	51.22%	-20.00%	-16.67%	-1,082.14%	-14.20%
Operating Cash Flow Q/Q Growth	12.59%	26.67%	7.60%	-8.89%	1.89%	8.72%	-15.20%	19.61%	-93.70%	8.86%	-21.11%
Free Cash Flow Firm Q/Q Growth	-608.57%	4.99%	62.24%	-51.86%	181.93%	-14.23%	-185.21%	36.65%	-55.46%	-55.27%	-21.70%
Invested Capital Q/Q Growth	40.27%	-7.26%	-7.31%	-1.74%	-8.13%	-6.31%	24.21%	-4.59%	20.45%	-0.52%	29.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-	-	-	-	-	-	-	-	-104.98%	-99.12%	-80.71%
EBITDA Margin	-393.75%	-320.11%	0.00%	-278.98%	-366.69%	0.00%	0.00%	-1,046.43%	-217.65%	-255.76%	-130.17%
Operating Margin	-	-	-	-	-	-	-	-	-309.54%	-279.88%	-203.69%
EBIT Margin	-419.20%	-336.87%	0.00%	-304.11%	-392.57%	0.00%	0.00%	-1,225.31%	-261.62%	-293.50%	-154.77%
Profit (Net Income) Margin	-401.38%	-309.45%	0.00%	-304.81%	-320.76%	0.00%	0.00%	-701.36%	-207.93%	-290.70%	-155.72%
Tax Burden Percent	100.08%	100.05%	100.00%	100.03%	99.99%	100.05%	100.15%	99.63%	99.56%	99.96%	100.22%
Interest Burden Percent	95.68%	91.82%	72.05%	100.20%	81.72%	128.74%	48.58%	57.45%	79.83%	99.08%	100.40%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-35.28%	-30.12%	0.00%	-1.15%	-1.69%	0.00%	0.00%	-0.20%	-78.30%	-91.05%	-64.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-44.73%	-37.21%	0.00%	-10.84%	-6.03%	0.00%	0.00%	3.67%	-79.68%	-68.90%	-58.31%
Return on Net Nonoperating Assets (RNNOA)	-19.67%	-17.97%	0.00%	-5.49%	-2.53%	0.00%	0.00%	1.62%	31.14%	26.58%	15.66%
Return on Equity (ROE)	-54.95%	-48.09%	-61.48%	-6.63%	-4.22%	-64.93%	-54.15%	1.42%	-47.17%	-64.48%	-48.91%
Cash Return on Invested Capital (CROIC)	-62.48%	-67.27%	-38.05%	-51.02%	-4.51%	-8.54%	-34.89%	-32.54%	-103.66%	-144.42%	-128.37%
Operating Return on Assets (OROA)	-42.07%	-34.65%	0.00%	-1.28%	-1.96%	0.00%	0.00%	-0.21%	-28.44%	-36.13%	-23.24%
Return on Assets (ROA)	-40.28%	-31.83%	0.00%	-1.28%	-1.60%	0.00%	0.00%	-0.12%	-22.60%	-35.78%	-23.38%
Return on Common Equity (ROCE)	-54.95%	-48.09%	-61.48%	-6.23%	-3.94%	-57.41%	-47.13%	1.10%	-33.10%	-38.73%	-27.47%
Return on Equity Simple (ROE_SIMPLE)	-42.73%	-48.97%	0.00%	-64.50%	-74.20%	-110.69%	0.00%	-75.36%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-563	-483	-628	-475	-551	-539	-572	-448	-562	-659	-745
NOPAT Margin	-295.90%	-236.96%	0.00%	-212.87%	-274.80%	0.00%	0.00%	-857.72%	-216.68%	-195.92%	-142.58%
Net Nonoperating Expense Percent (NNEP)	9.45%	7.09%	1.18%	9.69%	4.34%	21.37%	-8.22%	-3.86%	1.38%	-22.16%	-6.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-12.16%	-16.73%	-21.05%
Cost of Revenue to Revenue	-	-	-	-	-	-	-	-	204.98%	199.12%	180.71%
SG&A Expenses to Revenue	122.62%	113.18%	0.00%	127.42%	143.17%	0.00%	0.00%	481.23%	99.01%	84.11%	53.92%
R&D to Revenue	-	-	-	-	-	-	-	-	105.55%	96.65%	69.06%
Operating Expenses to Revenue	519.20%	436.87%	0.00%	404.11%	492.57%	0.00%	0.00%	1,325.31%	204.56%	180.76%	122.98%
Earnings before Interest and Taxes (EBIT)	-798	-687	-907	-679	-787	-771	-817	-640	-679	-988	-809
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-750	-653	-861	-623	-736	-708	-735	-546	-565	-861	-680
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.12	2.36	1.99	1.54	1.71	3.05	2.35	2.30	2.67	4.06	4.78
Price to Tangible Book Value (P/TBV)	2.12	2.36	1.99	1.54	1.71	3.05	2.35	2.30	2.67	4.06	4.78
Price to Revenue (P/Rev)	15.22	15.67	0.00	192.28	136.50	0.00	0.00	4,649.07	6.93	6.86	2.53
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.48	1.82	1.49	1.02	1.18	1.61	1.49	1.33	2.41	2.94	1.74
Enterprise Value to Revenue (EV/Rev)	14.45	16.82	0.00	205.09	168.48	0.00	0.00	5,875.08	7.41	7.83	4.72
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.39	0.43	0.44	0.51	0.57	0.41	0.44	0.52	0.58	0.94
Long-Term Debt to Equity	0.33	0.37	0.41	0.42	0.48	0.53	0.39	0.41	0.52	0.58	0.72
Financial Leverage	0.44	0.48	0.47	0.51	0.42	0.46	0.42	0.44	-0.39	-0.39	-0.27
Leverage Ratio	1.71	1.83	1.78	1.93	1.74	1.91	1.81	1.89	2.03	2.32	2.21
Compound Leverage Factor	1.64	1.68	1.28	1.93	1.42	2.45	0.88	1.09	1.62	2.30	2.22
Debt to Total Capital	26.37%	27.98%	30.27%	30.71%	33.65%	36.37%	29.23%	30.47%	34.14%	36.54%	48.47%
Short-Term Debt to Total Capital	1.73%	1.39%	1.56%	1.48%	1.81%	2.37%	1.83%	1.74%	0.00%	0.00%	11.53%
Long-Term Debt to Total Capital	24.64%	26.59%	28.70%	29.23%	31.84%	34.01%	27.39%	28.73%	34.14%	36.54%	36.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	7.38%	10.37%	18.02%	17.79%	23.87%	28.74%	32.76%	39.21%
Common Equity to Total Capital	73.63%	72.02%	69.73%	61.91%	55.98%	45.61%	52.99%	45.66%	37.11%	30.71%	12.32%
Debt to EBITDA	-0.77	-0.74	-0.71	-0.73	-0.74	-0.73	-0.76	-0.78	-1.00	-1.02	-1.17
Net Debt to EBITDA	0.23	-0.33	-0.25	0.02	-0.26	-0.08	-0.19	-0.10	0.64	0.42	-0.28
Long-Term Debt to EBITDA	-0.72	-0.71	-0.68	-0.69	-0.70	-0.68	-0.71	-0.74	-1.00	-1.02	-0.89
Debt to NOPAT	-1.02	-1.00	-0.96	-0.98	-0.99	-0.98	-1.00	-1.01	-1.06	-0.97	-1.15
Net Debt to NOPAT	0.31	-0.45	-0.34	0.03	-0.36	-0.11	-0.25	-0.13	0.68	0.40	-0.28
Long-Term Debt to NOPAT	-0.96	-0.95	-0.91	-0.93	-0.94	-0.91	-0.94	-0.95	-1.06	-0.97	-0.88
Altman Z-Score	-	-	-	-	-	-	-	-	-1.16	-1.51	-2.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	6.03%	6.43%	11.59%	12.97%	22.63%	29.81%	39.93%	43.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	-	-	-	-	-	-	-	-	2.58	1.81	1.25
Quick Ratio	-	-	-	-	-	-	-	-	1.92	1.18	0.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,829	-2,688	-1,015	-1,541	1,263	1,083	-923	-585	-1,128	-1,751	-2,132
Operating Cash Flow to CapEx	-343.79%	-266.77%	-174.06%	-260.72%	-216.37%	-289.80%	-182.81%	-265.82%	-454.52%	-380.57%	-281.59%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-68.49	-150.28
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-29.59	-64.61
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-37.37	-87.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.10	0.00	0.00	0.01	0.00	0.00	0.00	0.11	0.12	0.15
Accounts Receivable Turnover	-	-	-	-	-	-	-	-	8.20	9.03	9.36
Inventory Turnover	-	-	-	-	-	-	-	-	3.03	2.83	3.44
Fixed Asset Turnover	0.41	0.35	0.00	0.00	0.00	0.00	0.00	0.00	0.28	0.31	0.37
Accounts Payable Turnover	-	-	-	-	-	-	-	-	11.31	7.92	8.40
Days Sales Outstanding (DSO)	-	-	-	-	-	-	-	-	44.52	40.40	38.98
Days Inventory Outstanding (DIO)	-	-	-	-	-	-	-	-	120.59	128.77	106.09
Days Payable Outstanding (DPO)	-	-	-	-	-	-	-	-	32.27	46.06	43.44
Cash Conversion Cycle (CCC)	-	-	-	-	-	-	-	-	132.84	123.11	101.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,094	7,506	6,957	6,836	6,280	5,884	7,309	6,973	2,854	2,839	3,682
Invested Capital Turnover	0.12	0.13	0.00	0.01	0.01	0.00	0.00	0.00	0.36	0.46	0.45
Increase / (Decrease) in Invested Capital	2,266	2,205	387	1,066	-1,814	-1,622	351	137	566	1,092	1,386
Enterprise Value (EV)	11,997	13,696	10,374	6,960	7,433	9,492	10,924	9,271	6,882	8,348	6,392
Market Capitalization	12,638	12,760	9,638	6,525	6,022	8,186	9,095	7,336	6,436	7,309	3,426
Book Value per Share	$3.25	$2.37	$2.12	$1.84	$1.52	$1.16	$1.29	$1.05	$0.79	$0.59	$2.21
Tangible Book Value per Share	$3.25	$2.37	$2.12	$1.84	$1.52	$1.16	$1.29	$1.05	$0.79	$0.59	$2.21
Total Capital	8,094	7,506	6,957	6,836	6,280	5,884	7,309	6,973	6,487	5,863	5,824
Total Debt	2,134	2,100	2,106	2,100	2,113	2,140	2,136	2,125	2,215	2,142	2,823
Total Long-Term Debt	1,994	1,996	1,997	1,998	2,000	2,001	2,002	2,003	2,215	2,142	2,151
Net Debt	-641	936	736	-70	760	246	529	270	-1,419	-882	682
Capital Expenditures (CapEx)	204	193	273	198	234	160	292	161	183	199	325
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-	-	-	-	-	-	-	-	-409	-642	-294
Debt-free Net Working Capital (DFNWC)	-	-	-	-	-	-	-	-	2,417	1,695	1,335
Net Working Capital (NWC)	-	-	-	-	-	-	-	-	2,417	1,695	664
Net Nonoperating Expense (NNE)	201	148	26	205	92	453	-174	-82	-23	319	69
Net Nonoperating Obligations (NNO)	2,134	2,100	2,106	2,100	2,113	2,140	2,136	2,125	-1,419	-882	682
Total Depreciation and Amortization (D&A)	48	34	46	56	52	63	81	93	114	127	129
Debt-free, Cash-free Net Working Capital to Revenue	-	-	-	-	-	-	-	-	-43.99%	-60.24%	-21.69%
Debt-free Net Working Capital to Revenue	-	-	-	-	-	-	-	-	260.19%	159.09%	98.63%
Net Working Capital to Revenue	-	-	-	-	-	-	-	-	260.19%	159.09%	49.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($0.41)	($0.20)	($0.24)	($0.24)	($3.31)	($3.78)
Adjusted Weighted Average Basic Shares Outstanding	1.91B	2.28B	2.08B	2.30B	2.31B	2.32B	2.45B	3.04B	3.06B	312.17M	311.68M
Adjusted Diluted Earnings per Share	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($0.41)	($0.20)	($0.24)	($0.28)	($3.31)	($3.78)
Adjusted Weighted Average Diluted Shares Outstanding	1.91B	2.28B	2.08B	2.30B	2.31B	2.32B	2.45B	3.04B	3.06B	312.17M	313.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($3.78)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.28B	2.29B	2.30B	2.31B	2.32B	3.01B	3.03B	3.05B	3.07B	324.17M	327.68M
Normalized Net Operating Profit after Tax (NOPAT)	-562	-483	-628	-475	-537	-679	-572	-612	-562	-659	-745
Normalized NOPAT Margin	-295.34%	-236.78%	0.00%	-212.87%	-267.74%	0.00%	0.00%	-1,172.86%	-216.68%	-195.92%	-142.58%
Pre Tax Income Margin	-401.08%	-309.30%	0.00%	-304.73%	-320.80%	0.00%	0.00%	-703.97%	-208.84%	-290.80%	-155.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-38.63	-57.04
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-25.79	-52.55
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-46.41	-79.98
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-33.56	-75.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%

Financials Breakdown Chart

Key Financial Trends

Lucid Group, Inc. (LCID) has shown some near-term top-line improvement in 2025, but remains entrenched in sizable operating losses and ongoing cash burn. Below are the most notable trends drawn from four years of quarterly statements, with a focus on the last four years of data.

Q4 2025 quarterly revenue rose to 522,730,000, up from 336,580,000 in Q3 2025, signaling a clear step-up in topline activity.
Lucid issued about 1,129,619,000 in new debt in Q4 2025, strengthening liquidity for near-term obligations.
Net cash from continuing financing activities in Q4 2025 was 369,616,000, indicating ongoing external funding support.
Cash on hand remained substantial across 2024–2025 (for example, about 1.635B in Q3 2025 and 1.855B in Q1 2025), providing a liquidity cushion despite ongoing losses.
Redeemable noncontrolling interest remained sizable in several quarters (around 1.92B in Q3 2025), contributing to the company’s reported equity structure and earnings volatility.
Non-cash adjustments to net income were notable in Q4 2025 (112.321M), aiding reconciliation of headline net income figures without cash impact.
Total gross profit in Q4 2025 was negative: -421,906,000, indicating continued margin compression and cost of revenue pressures.
Net income attributable to common shareholders fell to -1,176,799,000 in Q4 2025, underscoring ongoing large losses.
Net cash from continuing operating activities was -916,408,000 in Q4 2025, showing a substantial cash burn from core operations.
Total operating income for Q4 2025 was -1,064,754,000, signaling continued operating losses despite topline gains.

05/09/26 06:01 AM ETAI Generated. May Contain Errors.

Lucid Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lucid Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Lucid Group's net income appears to be on an upward trend, with a most recent value of -$2.70 billion in 2025, rising from -$277.36 million in 2019. The previous period was -$2.71 billion in 2024. See Lucid Group's forecast for analyst expectations on what's next for the company.

Lucid Group's total operating income in 2025 was -$3.50 billion, based on the following breakdown:

Total Gross Profit: -$1.26 billion
Total Operating Expenses: $2.25 billion

Over the last 6 years, Lucid Group's total revenue changed from $4.59 million in 2019 to $1.35 billion in 2025, a change of 29,394.3%.

Lucid Group's total liabilities were at $5.39 billion at the end of 2025, a 20.4% increase from 2024, and a 2,268.8% increase since 2020.

In the past 5 years, Lucid Group's cash and equivalents has ranged from $614.41 million in 2020 to $6.26 billion in 2021, and is currently $997.83 million as of their latest financial filing in 2025.

Over the last 6 years, Lucid Group's book value per share changed from 0.00 in 2019 to 2.21 in 2025, a change of 221.3%.

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Financial statements for NASDAQ:LCID last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lucid Group (LCID) Financials

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Lucid Group (LCID) Financials

Annual Income Statements for Lucid Group

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Quarterly Cash Flow Statements for Lucid Group

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Quarterly Metrics And Ratios for Lucid Group

Financials Breakdown Chart

Key Financial Trends

Lucid Group Financials - Frequently Asked Questions

When does Lucid Group's fiscal year end?

How has Lucid Group's net income changed over the last 6 years?

What is Lucid Group's operating income?

How has Lucid Group's revenue changed over the last 6 years?

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How has Lucid Group's book value per share changed over the last 6 years?

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