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Churchill Capital Corp IV (CCIV) Financials

Annual Income Statements for Churchill Capital Corp IV

This table shows Churchill Capital Corp IV'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
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-269	-706	-4,747	-1,304	-2,828	-3,062
Consolidated Net Income / (Loss)	-277	-719	-2,580	-1,304	-2,828	-2,714
Net Income / (Loss) Continuing Operations	-277	-719	-2,580	-1,304	-2,828	-2,714
Total Pre-Tax Income	-277	-720	-2,580	-1,304	-2,827	-2,713
Total Operating Income	-258	-599	-1,530	-2,594	-3,100	-3,021
Total Gross Profit	0.66	0.91	-128	-1,038	-1,341	-923
Total Revenue	4.59	3.98	27	608	595	808
Operating Revenue	4.59	3.98	27	608	595	808
Total Cost of Revenue	3.93	3.07	155	1,646	1,936	1,731
Operating Cost of Revenue	3.93	3.07	155	1,646	1,936	1,731
Total Operating Expenses	259	600	1,403	1,556	1,759	2,098
Selling, General & Admin Expense	38	89	652	735	797	901
Research & Development Expense	220	511	750	822	937	1,176
Restructuring Charge	-	-	0.00	0.00	25	20
Total Other Income / (Expense), net	-19	-120	-1,049	1,290	272	308
Interest Expense	8.55	0.06	1.37	31	25	33
Interest & Investment Income	-	0.00	0.00	57	204	213
Other Income / (Expense), net	-11	-120	-1,048	1,264	93	128
Income Tax Expense	0.02	-0.19	0.05	0.38	1.03	1.20
Preferred Stock Dividends Declared	-7.94	-14	2,167	0.00	0.00	348
Basic Earnings per Share	($13.08)	($28.42)	($6.41)	($0.78)	($1.36)	($1.25)
Weighted Average Basic Shares Outstanding	20.60M	24.83M	740.39M	1.68B	2.08B	2.45B
Diluted Earnings per Share	($13.08)	($28.42)	($6.41)	($1.51)	($1.36)	($1.25)
Weighted Average Diluted Shares Outstanding	20.60M	24.83M	740.39M	1.69B	2.08B	2.45B
Weighted Average Basic & Diluted Shares Outstanding	-	24.83M	740.39M	1.83B	2.30B	3.03B

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-473	-780	-764	-631	-654	-685	-790	-950	-637	-731	-739
Consolidated Net Income / (Loss)	-473	-780	-764	-631	-654	-681	-643	-992	-397	-366	-539
Net Income / (Loss) Continuing Operations	-473	-780	-764	-631	-654	-681	-643	-992	-397	-366	-539
Total Pre-Tax Income	-473	-779	-764	-631	-654	-681	-643	-992	-397	-368	-542
Total Operating Income	-	-772	-838	-753	-	-730	-787	-771	-	-692	-803
Total Gross Profit	-	-351	-405	-332	-	-232	-270	-213	-	-229	-272
Total Revenue	230	149	151	138	-584	173	201	200	-424	235	259
Operating Revenue	-	149	151	138	-	173	201	200	-	235	259
Total Cost of Revenue	-	501	556	470	-	405	470	413	-	464	532
Operating Cost of Revenue	-	501	556	470	-	405	470	413	-	464	532
Total Operating Expenses	-	421	433	421	-	498	518	558	-	463	531
Selling, General & Admin Expense	-	169	198	190	-	213	210	234	-	212	257
Research & Development Expense	-	230	233	231	-	285	287	324	-	251	274
Restructuring Charge	-	22	1.53	0.52	-	-	20	0.08	-	-	0.00
Total Other Income / (Expense), net	-	-7.24	74	122	-	49	144	-221	-	324	261
Interest Expense	-	7.11	6.69	3.34	-	7.50	6.67	8.48	-	12	-93
Interest & Investment Income	-27	40	40	66	-146	51	55	50	-51	52	44
Other Income / (Expense), net	-	-40	41	60	-	6.11	96	-263	-	284	124
Income Tax Expense	-0.16	0.13	0.59	0.30	0.01	0.19	-0.07	0.49	0.59	-1.36	-2.37
Basic Earnings per Share	($0.28)	($0.43)	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($0.41)	($0.20)	($0.24)	($0.24)
Weighted Average Basic Shares Outstanding	1.68B	1.83B	1.91B	2.28B	2.08B	2.30B	2.31B	2.32B	2.45B	3.04B	3.06B
Diluted Earnings per Share	($0.42)	($0.43)	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($0.41)	($0.20)	($0.24)	($0.28)
Weighted Average Diluted Shares Outstanding	1.69B	1.83B	1.91B	2.28B	2.08B	2.30B	2.31B	2.32B	2.45B	3.04B	3.06B
Weighted Average Basic & Diluted Shares Outstanding	1.83B	1.83B	2.28B	2.29B	2.30B	2.31B	2.32B	3.01B	3.03B	3.05B	3.07B

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

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	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
Net Change in Cash & Equivalents	472	-836	1,875	-1,611	206	798	-816	540	-287	248	-57
Net Cash From Operating Activities	-649	-801	-700	-514	-475	-517	-507	-463	-533	-429	-830
Net Cash From Continuing Operating Activities	-649	-801	-700	-514	-475	-517	-507	-463	-533	-429	-830
Net Income / (Loss) Continuing Operations	-473	-780	-764	-631	-654	-681	-643	-992	-397	-366	-539
Consolidated Net Income / (Loss)	-473	-780	-764	-631	-654	-681	-643	-992	-397	-366	-539
Depreciation Expense	55	50	55	61	67	69	66	69	91	98	111
Amortization Expense	-10	-11	-6.90	-27	-21	-13	-14	-6.63	-9.79	-4.57	2.99
Non-Cash Adjustments To Reconcile Net Income	41	330	321	262	218	195	115	497	-41	-94	17
Changes in Operating Assets and Liabilities, net	-262	-390	-306	-179	-85	-87	-30	-30	-176	-61	-422
Net Cash From Investing Activities	-393	-29	-438	-1,132	652	318	-311	284	-1,584	614	694
Net Cash From Continuing Investing Activities	-393	-29	-438	-1,132	652	318	-311	284	-1,584	614	694
Purchase of Property, Plant & Equipment	-290	-242	-204	-193	-273	-198	-234	-160	-292	-161	-183
Purchase of Investments	-1,127	-843	-1,311	-1,438	-413	-515	-1,340	-520	-2,249	-287	-23
Sale and/or Maturity of Investments	1,024	1,054	1,076	498	1,338	1,030	1,263	964	956	1,062	899
Net Cash From Financing Activities	1,513	-5.75	3,014	35	28	997	2.36	719	1,831	63	79
Net Cash From Continuing Financing Activities	1,513	-5.75	3,014	35	28	997	2.36	719	1,834	63	79
Repayment of Debt	-14	-	-	-	-	0.00	-	-28	-0.19	-0.51	-949
Issuance of Debt	9.59	-	-	39	20	0.00	-	-	80	67	1,140
Other Financing Activities, net	7.46	-5.75	12	-3.57	7.97	-2.80	6.63	-0.62	7.69	-3.42	-124
Cash Interest Paid	12	0.86	10	-3.37	10	1.03	11	1.26	13	4.32	12
Cash Income Taxes Paid	-	0.00	0.02	0.01	-	0.01	0.03	-	0.05	0.00	3.41

This table presents Churchill Capital Corp IV'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
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,403	7,882	7,879	8,513	9,648
Total Current Assets	663	6,507	4,912	4,757	4,874
Cash & Equivalents	614	6,263	1,736	1,370	1,607
Short-Term Investments	0.51	0.00	2,177	2,490	2,424
Accounts Receivable	0.26	3.15	20	52	112
Inventories, net	1.04	127	834	696	408
Prepaid Expenses	22	70	64	70	53
Other Current Assets	24	43	82	80	270
Plant, Property, & Equipment, net	713	1,182	2,167	2,811	3,263
Total Noncurrent Assets	27	193	800	945	1,511
Long-Term Investments	-	0.00	530	543	1,050
Other Noncurrent Operating Assets	27	193	270	402	461
Total Liabilities & Shareholders' Equity	1,403	7,882	7,879	8,513	9,648
Total Liabilities	227	3,972	3,530	3,661	4,475
Total Current Liabilities	185	396	938	1,008	1,165
Accounts Payable	17	41	229	109	134
Other Current Liabilities	152	322	645	900	1,031
Total Noncurrent Liabilities	42	3,576	2,592	2,653	3,310
Long-Term Debt	0.00	1,987	1,992	1,997	2,002
Capital Lease Obligations	0.00	6.08	81	78	76
Other Noncurrent Operating Liabilities	42	1,583	519	578	1,232
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	2,494	-	-	0.00	1,300
Total Equity & Noncontrolling Interests	-1,319	3,909	4,350	4,852	3,873
Total Preferred & Common Equity	-1,319	3,909	4,350	4,852	3,873
Total Common Equity	-1,319	3,909	4,350	4,852	3,873
Common Stock	38	9,996	11,752	15,066	16,808
Retained Earnings	-1,357	-6,066	-7,370	-10,199	-12,913
Treasury Stock	0.00	-21	-21	-21	-21
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-12	4.85	-2.10

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

This table displays calculated financial ratios and metrics derived from Churchill Capital Corp IV's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-13.38%	581.87%	2,143.30%	-100.00%	0.00%
EBITDA Growth	0.00%	-134.95%	-146.02%	-65.11%	-23.59%	5.24%
EBIT Growth	0.00%	-132.32%	-155.40%	-69.49%	-20.45%	2.26%
NOPAT Growth	0.00%	-132.32%	-155.40%	-69.49%	-20.45%	2.26%
Net Income Growth	0.00%	-159.37%	-258.61%	49.43%	-116.83%	4.05%
EPS Growth	0.00%	-117.28%	77.45%	76.44%	9.93%	8.09%
Operating Cash Flow Growth	0.00%	-142.33%	-85.57%	-110.39%	-11.84%	18.88%
Free Cash Flow Firm Growth	0.00%	0.00%	-260.78%	57.89%	-5.10%	3.30%
Invested Capital Growth	0.00%	0.00%	397.85%	10.66%	5.89%	5.05%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	50.49%	-100.00%	100.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-14.01%	-4.56%	4.29%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-12.65%	-4.35%	2.89%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-12.65%	-4.01%	2.58%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	30.52%	-6.84%	8.64%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-101.69%	11.11%	3.85%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-12.78%	-17.76%	6.53%	-2.99%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	40.25%	-335.25%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	23.94%	-7.31%	24.21%
Profitability Metrics	-	-	-	-	-	-
EBITDA Margin	-5,461.83%	-14,814.13%	-5,344.93%	-393.38%	0.00%	0.00%
EBIT Margin	-5,619.48%	-15,071.10%	-5,645.11%	-426.52%	0.00%	0.00%
Profit (Net Income) Margin	-6,042.64%	-18,093.06%	-9,515.55%	-214.49%	0.00%	0.00%
Tax Burden Percent	100.01%	99.97%	100.00%	100.03%	100.04%	100.04%
Interest Burden Percent	107.52%	120.08%	168.56%	50.27%	90.49%	88.83%
Effective Tax Rate	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%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-3,531.04%	-177.54%	-4.97%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-52.07%	-71.42%	-2.55%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-122.42%	-101.47%	-31.59%	-61.48%	-54.15%
Cash Return on Invested Capital (CROIC)	0.00%	-270.34%	-163.14%	-39.16%	-38.05%	-34.89%
Operating Return on Assets (OROA)	0.00%	-42.72%	-32.97%	-32.92%	0.00%	0.00%
Return on Assets (ROA)	0.00%	-51.29%	-55.57%	-16.55%	0.00%	0.00%
Return on Common Equity (ROCE)	0.00%	137.36%	-51.70%	-31.59%	-61.48%	-47.13%
Return on Equity Simple (ROE_SIMPLE)	0.00%	54.55%	-65.99%	-29.99%	-58.30%	-70.08%
Net Operating Profit after Tax (NOPAT)	-181	-419	-1,071	-1,816	-2,187	-2,138
NOPAT Margin	-3,933.63%	-10,549.77%	-3,951.58%	-298.56%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.00%	3,460.69%	147.49%	-24.07%	29.64%	27.17%
SG&A Expenses to Revenue	4,797.89%	12,854.88%	2,767.09%	135.08%	0.00%	0.00%
Operating Expenses to Revenue	5,719.48%	15,171.10%	5,745.11%	526.52%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	-258	-599	-1,530	-2,594	-3,125	-3,054
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-251	-589	-1,449	-2,392	-2,957	-2,802
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	16.02	2.64	1.99	2.35
Price to Tangible Book Value (P/TBV)	0.00	0.00	16.02	2.64	1.99	2.35
Price to Revenue (P/Rev)	392.16	651.43	2,310.66	18.87	0.00	0.00
Price to Earnings (P/E)	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%
Earnings Yield	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
Enterprise Value to Revenue (EV/Rev)	0.00	1,128.54	2,154.46	19.67	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	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
Enterprise Value to Free Cash Flow (EV/FCFF)	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
Long-Term Debt to Equity	0.00	0.00	0.51	0.46	0.41	0.39
Financial Leverage	0.00	0.01	0.40	0.51	0.47	0.42
Leverage Ratio	0.00	1.19	1.83	1.91	1.78	1.81
Compound Leverage Factor	0.00	1.43	3.08	0.96	1.61	1.61
Debt to Total Capital	0.00%	1.45%	34.16%	33.80%	30.27%	29.23%
Short-Term Debt to Total Capital	0.00%	1.45%	0.70%	3.49%	1.56%	1.83%
Long-Term Debt to Total Capital	0.00%	0.00%	33.46%	30.31%	28.70%	27.39%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	0.00%	-110.58%	65.84%	66.20%	69.73%	52.99%
Debt to EBITDA	0.00	-0.03	-1.40	-0.93	-0.71	-0.76
Net Debt to EBITDA	0.00	1.01	2.92	-0.20	-0.25	-0.19
Long-Term Debt to EBITDA	0.00	0.00	-1.37	-0.83	-0.68	-0.71
Debt to NOPAT	0.00	-0.04	-1.89	-1.22	-0.96	-1.00
Net Debt to NOPAT	0.00	1.42	3.95	-0.27	-0.34	-0.25
Long-Term Debt to NOPAT	0.00	0.00	-1.85	-1.10	-0.91	-0.94
Noncontrolling Interest Sharing Ratio	0.00%	212.21%	49.05%	0.00%	0.00%	12.97%
Liquidity Ratios	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,612	-5,816	-2,449	-2,574	-2,489
Operating Cash Flow to CapEx	0.00%	-124.07%	-251.21%	-207.12%	-273.41%	-228.51%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	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
Fixed Asset Turnover	0.00	0.01	0.03	0.36	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	1,193	5,937	6,571	6,957	7,309
Invested Capital Turnover	0.00	0.01	0.01	0.10	0.00	0.00
Increase / (Decrease) in Invested Capital	0.00	1,193	4,745	633	387	351
Enterprise Value (EV)	0.00	4,487	58,409	11,963	10,374	10,924
Market Capitalization	1,800	2,590	62,644	11,477	9,638	9,095
Book Value per Share	$0.00	($5.10)	$2.37	$2.59	$2.12	$1.29
Tangible Book Value per Share	$0.00	($5.10)	$2.37	$2.59	$2.12	$1.29
Total Capital	0.00	1,193	5,937	6,571	6,957	7,309
Total Debt	0.00	17	2,028	2,221	2,106	2,136
Total Long-Term Debt	0.00	0.00	1,987	1,992	1,997	2,002
Net Debt	0.00	-597	-4,235	485	736	529
Capital Expenditures (CapEx)	0.00	460	421	1,075	911	884
Net Nonoperating Expense (NNE)	97	300	1,508	-511	641	576
Net Nonoperating Obligations (NNO)	0.00	17	2,028	2,221	2,106	2,136
Total Depreciation and Amortization (D&A)	7.24	10	81	202	168	252
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($6.41)	($0.78)	($1.36)	($1.25)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	740.39M	1.68B	2.08B	2.45B
Adjusted Diluted Earnings per Share	$0.00	$0.00	($6.41)	($1.51)	($1.36)	($1.25)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	740.39M	1.69B	2.08B	2.45B
Adjusted Basic & Diluted Earnings per Share	$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
Normalized Net Operating Profit after Tax (NOPAT)	-181	-419	-1,071	-1,816	-2,587	-2,689
Normalized NOPAT Margin	-3,933.63%	-10,549.77%	-3,951.58%	-298.56%	0.00%	0.00%
Pre Tax Income Margin	-6,042.14%	-18,097.79%	-9,515.37%	-214.42%	0.00%	0.00%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	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
EBIT Less CapEx to Interest Expense	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
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	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%

This table displays calculated financial ratios and metrics derived from Churchill Capital Corp IV's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	773.10%	228.46%	89.93%	-7.26%	-353.32%	17.91%	5.35%	-100.00%	27.37%	3.12%	29.34%
EBITDA Growth	-67.09%	-25.67%	-48.04%	-8.37%	-17.63%	10.14%	1.89%	-8.44%	14.59%	12.33%	11.69%
EBIT Growth	-59.99%	-22.53%	-43.48%	-3.57%	-16.78%	7.22%	1.35%	-12.19%	10.01%	5.82%	1.82%
NOPAT Growth	-59.99%	-22.53%	-44.68%	-4.07%	-15.49%	7.22%	2.17%	-11.65%	9.01%	5.82%	-1.99%
Net Income Growth	54.80%	-858.99%	-246.71%	-19.01%	-38.32%	12.66%	15.81%	-57.31%	39.24%	46.22%	16.16%
EPS Growth	-100.46%	-19.44%	-21.21%	30.00%	40.48%	30.23%	15.00%	-46.43%	20.00%	20.00%	17.65%
Operating Cash Flow Growth	-107.37%	-61.99%	-36.36%	9.81%	26.83%	35.51%	27.61%	9.89%	-12.35%	17.06%	-63.76%
Free Cash Flow Firm Growth	0.00%	92.49%	51.39%	-194.80%	13.78%	-286.00%	144.63%	140.29%	9.07%	62.07%	-228.93%
Invested Capital Growth	10.66%	-1.92%	38.87%	41.59%	5.89%	18.47%	-22.41%	-21.61%	5.05%	2.00%	24.73%
Revenue Q/Q Growth	4.82%	-17.79%	0.51%	7.08%	-386.31%	138.27%	-10.20%	-100.00%	0.00%	112.31%	10.37%
EBITDA Q/Q Growth	-21.56%	5.27%	-8.11%	12.95%	-31.95%	27.63%	-18.03%	3.78%	-3.92%	25.71%	-79.56%
EBIT Q/Q Growth	-17.17%	5.77%	-9.02%	13.95%	-32.11%	25.14%	-15.92%	2.14%	-5.97%	21.65%	-66.41%
NOPAT Q/Q Growth	-17.17%	5.77%	-9.93%	14.25%	-30.02%	24.30%	-15.92%	2.14%	-5.97%	21.65%	-16.06%
Net Income Q/Q Growth	10.84%	-64.93%	1.96%	17.45%	-3.63%	-4.14%	5.50%	-54.26%	59.98%	7.82%	-47.32%
EPS Q/Q Growth	-5.00%	-2.38%	6.98%	30.00%	10.71%	-20.00%	-13.33%	-20.59%	51.22%	-20.00%	-16.67%
Operating Cash Flow Q/Q Growth	-13.88%	-23.55%	12.59%	26.67%	7.60%	-8.89%	1.89%	8.72%	-15.20%	19.61%	-93.70%
Free Cash Flow Firm Q/Q Growth	-29.10%	66.08%	-608.57%	4.99%	62.24%	-51.86%	181.93%	-14.23%	-185.21%	36.65%	-55.46%
Invested Capital Q/Q Growth	23.94%	-12.17%	40.27%	-7.26%	-7.31%	-1.74%	-8.13%	-6.31%	24.21%	-4.59%	20.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-	-	-	-	-	-	-	-	-	-	-104.98%
EBITDA Margin	-317.69%	-366.06%	-393.75%	-320.11%	0.00%	-278.98%	-366.69%	0.00%	0.00%	-1,046.43%	-217.65%
Operating Margin	-	-	-	-	-	-	-	-	-	-	-309.54%
EBIT Margin	-337.21%	-386.49%	-419.20%	-336.87%	0.00%	-304.11%	-392.57%	0.00%	0.00%	-1,225.31%	-261.62%
Profit (Net Income) Margin	-205.12%	-411.50%	-401.38%	-309.45%	0.00%	-304.81%	-320.76%	0.00%	0.00%	-701.36%	-207.93%
Tax Burden Percent	99.97%	100.02%	100.08%	100.05%	100.00%	100.03%	99.99%	100.05%	100.15%	99.63%	99.56%
Interest Burden Percent	60.85%	106.45%	95.68%	91.82%	72.05%	100.20%	81.72%	128.74%	48.58%	57.45%	79.83%
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)	-22.95%	-34.35%	-35.28%	-30.12%	0.00%	-1.15%	-1.69%	0.00%	0.00%	-0.20%	-78.30%
ROIC Less NNEP Spread (ROIC-NNEP)	-19.60%	-47.09%	-44.73%	-37.21%	0.00%	-10.84%	-6.03%	0.00%	0.00%	3.67%	-79.68%
Return on Net Nonoperating Assets (RNNOA)	-10.08%	-26.46%	-19.67%	-17.97%	0.00%	-5.49%	-2.53%	0.00%	0.00%	1.62%	31.14%
Return on Equity (ROE)	-33.04%	-60.82%	-54.95%	-48.09%	-61.48%	-6.63%	-4.22%	-64.93%	-54.15%	1.42%	-47.17%
Cash Return on Invested Capital (CROIC)	-39.16%	-30.83%	-62.48%	-67.27%	-38.05%	-51.02%	-4.51%	-8.54%	-34.89%	-32.54%	-103.66%
Operating Return on Assets (OROA)	-26.02%	-39.01%	-42.07%	-34.65%	0.00%	-1.28%	-1.96%	0.00%	0.00%	-0.21%	-28.44%
Return on Assets (ROA)	-15.83%	-41.53%	-40.28%	-31.83%	0.00%	-1.28%	-1.60%	0.00%	0.00%	-0.12%	-22.60%
Return on Common Equity (ROCE)	-33.04%	-60.82%	-54.95%	-48.09%	-61.48%	-6.23%	-3.94%	-57.41%	-47.13%	1.10%	-33.10%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-55.14%	-42.73%	-48.97%	0.00%	-64.50%	-74.20%	-110.69%	0.00%	-75.36%	0.00%
Net Operating Profit after Tax (NOPAT)	-544	-513	-563	-483	-628	-475	-551	-539	-572	-448	-562
NOPAT Margin	-236.05%	-270.54%	-295.90%	-236.96%	0.00%	-212.87%	-274.80%	0.00%	0.00%	-857.72%	-216.68%
Net Nonoperating Expense Percent (NNEP)	-3.35%	12.74%	9.45%	7.09%	1.18%	9.69%	4.34%	21.37%	-8.22%	-3.86%	1.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	-12.16%
Cost of Revenue to Revenue	-	-	-	-	-	-	-	-	-	-	204.98%
SG&A Expenses to Revenue	96.04%	121.31%	122.62%	113.18%	0.00%	127.42%	143.17%	0.00%	0.00%	481.23%	99.01%
R&D to Revenue	-	-	-	-	-	-	-	-	-	-	105.55%
Operating Expenses to Revenue	437.21%	486.49%	519.20%	436.87%	0.00%	404.11%	492.57%	0.00%	0.00%	1,325.31%	204.56%
Earnings before Interest and Taxes (EBIT)	-777	-732	-798	-687	-907	-679	-787	-771	-817	-640	-679
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-732	-693	-750	-653	-861	-623	-736	-708	-735	-546	-565
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.64	4.05	2.12	2.36	1.99	1.54	1.71	3.05	2.35	2.30	2.67
Price to Tangible Book Value (P/TBV)	2.64	4.05	2.12	2.36	1.99	1.54	1.71	3.05	2.35	2.30	2.67
Price to Revenue (P/Rev)	18.87	19.89	15.22	15.67	0.00	192.28	136.50	0.00	0.00	4,649.07	6.93
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)	1.82	2.76	1.48	1.82	1.49	1.02	1.18	1.61	1.49	1.33	2.41
Enterprise Value to Revenue (EV/Rev)	19.67	21.56	14.45	16.82	0.00	205.09	168.48	0.00	0.00	5,875.08	7.41
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	0.51	0.59	0.36	0.39	0.43	0.44	0.51	0.57	0.41	0.44	0.52
Long-Term Debt to Equity	0.46	0.55	0.33	0.37	0.41	0.42	0.48	0.53	0.39	0.41	0.52
Financial Leverage	0.51	0.56	0.44	0.48	0.47	0.51	0.42	0.46	0.42	0.44	-0.39
Leverage Ratio	1.91	1.97	1.71	1.83	1.78	1.93	1.74	1.91	1.81	1.89	2.03
Compound Leverage Factor	1.16	2.09	1.64	1.68	1.28	1.93	1.42	2.45	0.88	1.09	1.62
Debt to Total Capital	33.80%	37.06%	26.37%	27.98%	30.27%	30.71%	33.65%	36.37%	29.23%	30.47%	34.14%
Short-Term Debt to Total Capital	3.49%	2.53%	1.73%	1.39%	1.56%	1.48%	1.81%	2.37%	1.83%	1.74%	0.00%
Long-Term Debt to Total Capital	30.31%	34.54%	24.64%	26.59%	28.70%	29.23%	31.84%	34.01%	27.39%	28.73%	34.14%
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%	0.00%	0.00%	7.38%	10.37%	18.02%	17.79%	23.87%	28.74%
Common Equity to Total Capital	66.20%	62.94%	73.63%	72.02%	69.73%	61.91%	55.98%	45.61%	52.99%	45.66%	37.11%
Debt to EBITDA	-0.93	-0.84	-0.77	-0.74	-0.71	-0.73	-0.74	-0.73	-0.76	-0.78	-1.00
Net Debt to EBITDA	-0.20	-0.49	0.23	-0.33	-0.25	0.02	-0.26	-0.08	-0.19	-0.10	0.64
Long-Term Debt to EBITDA	-0.83	-0.79	-0.72	-0.71	-0.68	-0.69	-0.70	-0.68	-0.71	-0.74	-1.00
Debt to NOPAT	-1.22	-1.12	-1.02	-1.00	-0.96	-0.98	-0.99	-0.98	-1.00	-1.01	-1.06
Net Debt to NOPAT	-0.27	-0.65	0.31	-0.45	-0.34	0.03	-0.36	-0.11	-0.25	-0.13	0.68
Long-Term Debt to NOPAT	-1.10	-1.04	-0.96	-0.95	-0.91	-0.93	-0.94	-0.91	-0.94	-0.95	-1.06
Altman Z-Score	-	-	-	-	-	-	-	-	-	-	-1.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	6.03%	6.43%	11.59%	12.97%	22.63%	29.81%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	-	-	-	-	-	-	-	-	-	-	2.58
Quick Ratio	-	-	-	-	-	-	-	-	-	-	1.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,177	-399	-2,829	-2,688	-1,015	-1,541	1,263	1,083	-923	-585	-1,128
Operating Cash Flow to CapEx	-223.71%	-331.42%	-343.79%	-266.77%	-174.06%	-260.72%	-216.37%	-289.80%	-182.81%	-265.82%	-454.52%
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	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	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	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.10	0.10	0.10	0.00	0.00	0.01	0.00	0.00	0.00	0.11
Accounts Receivable Turnover	-	-	-	-	-	-	-	-	-	-	8.20
Inventory Turnover	-	-	-	-	-	-	-	-	-	-	3.03
Fixed Asset Turnover	0.36	0.41	0.41	0.35	0.00	0.00	0.00	0.00	0.00	0.00	0.28
Accounts Payable Turnover	-	-	-	-	-	-	-	-	-	-	11.31
Days Sales Outstanding (DSO)	-	-	-	-	-	-	-	-	-	-	44.52
Days Inventory Outstanding (DIO)	-	-	-	-	-	-	-	-	-	-	120.59
Days Payable Outstanding (DPO)	-	-	-	-	-	-	-	-	-	-	32.27
Cash Conversion Cycle (CCC)	-	-	-	-	-	-	-	-	-	-	132.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,571	5,771	8,094	7,506	6,957	6,836	6,280	5,884	7,309	6,973	2,854
Invested Capital Turnover	0.10	0.13	0.12	0.13	0.00	0.01	0.01	0.00	0.00	0.00	0.36
Increase / (Decrease) in Invested Capital	633	-113	2,266	2,205	387	1,066	-1,814	-1,622	351	137	566
Enterprise Value (EV)	11,963	15,956	11,997	13,696	10,374	6,960	7,433	9,492	10,924	9,271	6,882
Market Capitalization	11,477	14,717	12,638	12,760	9,638	6,525	6,022	8,186	9,095	7,336	6,436
Book Value per Share	$2.59	$1.98	$3.25	$2.37	$2.12	$1.84	$1.52	$1.16	$1.29	$1.05	$0.79
Tangible Book Value per Share	$2.59	$1.98	$3.25	$2.37	$2.12	$1.84	$1.52	$1.16	$1.29	$1.05	$0.79
Total Capital	6,571	5,771	8,094	7,506	6,957	6,836	6,280	5,884	7,309	6,973	6,487
Total Debt	2,221	2,139	2,134	2,100	2,106	2,100	2,113	2,140	2,136	2,125	2,215
Total Long-Term Debt	1,992	1,993	1,994	1,996	1,997	1,998	2,000	2,001	2,002	2,003	2,215
Net Debt	485	1,239	-641	936	736	-70	760	246	529	270	-1,419
Capital Expenditures (CapEx)	290	242	204	193	273	198	234	160	292	161	183
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-	-	-	-	-	-	-	-	-	-	-409
Debt-free Net Working Capital (DFNWC)	-	-	-	-	-	-	-	-	-	-	2,417
Net Working Capital (NWC)	-	-	-	-	-	-	-	-	-	-	2,417
Net Nonoperating Expense (NNE)	-71	267	201	148	26	205	92	453	-174	-82	-23
Net Nonoperating Obligations (NNO)	2,221	2,139	2,134	2,100	2,106	2,100	2,113	2,140	2,136	2,125	-1,419
Total Depreciation and Amortization (D&A)	45	39	48	34	46	56	52	63	81	93	114
Debt-free, Cash-free Net Working Capital to Revenue	-	-	-	-	-	-	-	-	-	-	-43.99%
Debt-free Net Working Capital to Revenue	-	-	-	-	-	-	-	-	-	-	260.19%
Net Working Capital to Revenue	-	-	-	-	-	-	-	-	-	-	260.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.28)	($0.43)	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($0.41)	($0.20)	($0.24)	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	1.68B	1.83B	1.91B	2.28B	2.08B	2.30B	2.31B	2.32B	2.45B	3.04B	3.06B
Adjusted Diluted Earnings per Share	($0.42)	($0.43)	($0.40)	($0.28)	($0.25)	($0.30)	($0.34)	($0.41)	($0.20)	($0.24)	($0.28)
Adjusted Weighted Average Diluted Shares Outstanding	1.69B	1.83B	1.91B	2.28B	2.08B	2.30B	2.31B	2.32B	2.45B	3.04B	3.06B
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.83B	1.83B	2.28B	2.29B	2.30B	2.31B	2.32B	3.01B	3.03B	3.05B	3.07B
Normalized Net Operating Profit after Tax (NOPAT)	-544	-497	-562	-483	-628	-475	-537	-679	-572	-612	-562
Normalized NOPAT Margin	-236.05%	-262.23%	-295.34%	-236.78%	0.00%	-212.87%	-267.74%	0.00%	0.00%	-1,172.86%	-216.68%
Pre Tax Income Margin	-205.19%	-411.43%	-401.08%	-309.30%	0.00%	-304.73%	-320.80%	0.00%	0.00%	-703.97%	-208.84%
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	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	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	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	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%	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%	0.00%

Key Financial Trends

Lucid Group (NASDAQ: LCID) continues to face significant financial challenges as reflected in its quarterly financials from 2022 through mid-2025. The company has consistently reported net losses, negative operating income, and substantial cash outflows from operating activities. However, there are a few notable points and trends to consider for investors.

Operating revenues have gradually increased from $149 million in Q1 2023 to $259 million in Q2 2025, showing a positive top-line growth trend.
Lucid has sizable cash and equivalents on hand, growing to $1.8 billion by Q2 2025, maintaining liquidity.
Depreciation and amortization expenses have increased, indicating ongoing investments in property, plant, and equipment supporting growth.
Net cash from investing activities improved significantly in Q2 2025 ($694 million inflow) through sales and maturities of investments.
The company frequently raises funds through debt and equity issuance, suggesting ongoing capital requirements but also access to financing.
Inventories and accounts receivable have generally increased over the period, reflecting expanding business operations but also capital tied up in working capital.
Lucid has reported consistent consolidated net losses each quarter, with a loss of $539 million in Q2 2025 and losses exceeding $600-$900 million in many prior quarters.
Operating costs and expenses significantly exceed revenues, leading to negative gross profit margins (e.g., -$272 million gross profit in Q2 2025).
Cash flow from operating activities remains deeply negative; $-830 million in Q2 2025, indicating challenging cash burn in core operations.
Long-term debt is substantial and slightly rising, reaching over $2 billion by 2025, adding financial risk and interest expenses.

In summary, while Lucid Group demonstrates revenue growth and maintains significant liquidity with ongoing asset investments, it continues to face operational losses and negative cash flows. The large and growing cash burn, along with substantial debt, present key risks. Investors should monitor Lucid’s progress in improving operational profitability and cash flow generation to assess its path toward sustainable growth.

09/14/25 09:14 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Churchill Capital Corp IV's Financials

When does Churchill Capital Corp IV's fiscal year end?

According to the most recent income statement we have on file, Churchill Capital Corp IV's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Churchill Capital Corp IV's net income changed over the last 5 years?

Churchill Capital Corp IV's net income appears to be on an upward trend, with a most recent value of -$2.71 billion in 2024, rising from -$277.36 million in 2019. The previous period was -$2.83 billion in 2023.

What is Churchill Capital Corp IV's operating income?

Churchill Capital Corp IV's total operating income in 2024 was -$3.02 billion, based on the following breakdown:

Total Gross Profit: -$923.11 million
Total Operating Expenses: $2.10 billion

How has Churchill Capital Corp IV's revenue changed over the last 5 years?

Over the last 5 years, Churchill Capital Corp IV's total revenue changed from $4.59 million in 2019 to $807.83 million in 2024, a change of 17,499.8%.

How much debt does Churchill Capital Corp IV have?

Churchill Capital Corp IV's total liabilities were at $4.48 billion at the end of 2024, a 22.2% increase from 2023, and a 1,868.2% increase since 2020.

How much cash does Churchill Capital Corp IV have?

In the past 4 years, Churchill Capital Corp IV's cash and equivalents has ranged from $614.41 million in 2020 to $6.26 billion in 2021, and is currently $1.61 billion as of their latest financial filing in 2024.

How has Churchill Capital Corp IV's book value per share changed over the last 5 years?

Over the last 5 years, Churchill Capital Corp IV's book value per share changed from 0.00 in 2019 to 1.29 in 2024, a change of 128.6%.

Related Companies

This page (NYSE:CCIV) was last updated on 9/14/2025 by MarketBeat.com Staff

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Churchill Capital Corp IV (CCIV) Financials

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Churchill Capital Corp IV (CCIV) Financials

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