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Churchill Capital Corp IV (CCIV) Financials

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Annual Income Statements for Churchill Capital Corp IV

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 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

Quarterly Income Statements for Churchill Capital Corp IV

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -654 -685 -790 -950 -637 -731 -739 -1,035 -1,177 -1,134 -1,259
Consolidated Net Income / (Loss)		 -654 -681 -643 -992 -397 -366 -539 -978 -814 -1,028 -1,035
Net Income / (Loss) Continuing Operations		 -654 -681 -643 -992 -397 -366 -539 -978 -814 -1,028 -1,035
Total Pre-Tax Income 		-654 -681 -643 -992 -397 -368 -542 -979 -812 -1,028 -1,034
Total Operating Income		 - -730 -787 -771 - -692 -803 -942 -1,065 -989 -1,082
Total Gross Profit		 - -232 -270 -213 - -229 -272 -334 -422 -312 -427
Total Revenue		 -584 173 201 200 -424 235 259 337 523 282 405
Operating Revenue		 - 173 201 200 - 235 259 337 523 282 405
Total Cost of Revenue		 - 405 470 413 - 464 532 670 945 594 832
Operating Cost of Revenue		 - 405 470 413 - 464 532 670 945 594 832
Total Operating Expenses		 - 498 518 558 - 463 531 608 643 678 655
Selling, General & Admin Expense		 - 213 210 234 - 212 257 283 282 304 300
Research & Development Expense		 - 285 287 324 - 251 274 325 361 336 321
Other Operating Expenses / (Income)		 676 - - - 720 - 0.00 - - 38 34
Total Other Income / (Expense), net		 - 49 144 -221 - 324 262 -37 252 -39 48
Interest Expense		 - 7.50 6.67 8.48 - 12 -93 26 14 41 48
Interest & Investment Income		 -146 51 55 50 -51 52 44 35 25 13 9.63
Other Income / (Expense), net		 - 6.11 96 -263 - 284 124 -46 256 -11 87
Income Tax Expense		 0.01 0.19 -0.07 0.49 0.59 -1.36 -2.37 -0.36 1.76 0.18 1.05
Preferred Stock Dividends Declared		 - 3.90 147 -43 240 365 200 56 - 106 224
Basic Earnings per Share		 ($0.25) ($0.30) ($0.34) ($4.09) ($0.20) ($0.24) ($2.42) ($3.31) ($3.78) ($3.46) ($3.30)
Weighted Average Basic Shares Outstanding		 2.08B 2.30B 2.31B 232.40M 2.45B 3.04B 305.64M 312.17M 311.68M 328.29M 382.10M
Diluted Earnings per Share		 ($0.25) ($0.30) ($0.34) ($4.09) ($0.20) ($0.24) ($2.80) ($3.31) ($3.78) ($3.46) ($3.30)
Weighted Average Diluted Shares Outstanding		 2.08B 2.30B 2.31B 232.40M 2.45B 3.04B 305.79M 312.17M 313.40M 328.29M 382.10M
Weighted Average Basic & Diluted Shares Outstanding		 2.30B 2.31B 2.32B 3.01B 3.03B 3.05B 3.07B 324.17M 327.68M 390.26M 394.07M

Annual Cash Flow Statements for Churchill Capital Corp IV

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 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

Quarterly Cash Flow Statements for Churchill Capital Corp IV

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 206 798 -816 540 -287 248 -57 -125 -632 -275 41
Net Cash From Operating Activities		 -475 -517 -507 -463 -533 -429 -830 -757 -916 -1,186 -1,222
Net Cash From Continuing Operating Activities		 -475 -517 -507 -463 -533 -429 -830 -757 -916 -1,186 -1,222
Net Income / (Loss) Continuing Operations		 -654 -681 -643 -992 -397 -366 -539 -978 -814 -1,028 -1,035
Consolidated Net Income / (Loss)		 -654 -681 -643 -992 -397 -366 -539 -978 -814 -1,028 -1,035
Depreciation Expense		 67 69 66 69 91 98 111 120 122 116 122
Amortization Expense		 -21 -13 -14 -6.63 -9.79 -4.57 2.99 6.92 6.49 24 -5.32
Non-Cash Adjustments To Reconcile Net Income		 218 195 115 497 -41 -94 17 354 112 289 281
Changes in Operating Assets and Liabilities, net		 -85 -87 -30 -30 -176 -61 -422 -260 -343 -587 -585
Net Cash From Investing Activities		 652 318 -311 284 -1,584 614 694 255 -85 875 -282
Net Cash From Continuing Investing Activities		 652 318 -311 284 -1,584 614 694 255 -85 875 -282
Purchase of Property, Plant & Equipment		 -273 -198 -234 -160 -292 -161 -183 -199 -325 -253 -254
Purchase of Investments		 -413 -515 -1,340 -520 -2,249 -287 -23 - - 0.00 -29
Net Cash From Financing Activities		 28 997 2.36 719 1,831 63 79 376 370 35 1,546
Net Cash From Continuing Financing Activities		 28 997 2.36 719 1,834 63 79 376 370 35 1,550
Issuance of Debt		 20 0.00 - - 80 67 1,140 80 1,130 36 500
Other Financing Activities, net		 7.97 -2.80 6.63 -0.62 7.69 -3.42 -124 -3.48 -1.05 0.45 -1.44
Cash Interest Paid		 10 1.03 11 1.26 13 4.32 12 4.97 34 6.59 62
Cash Income Taxes Paid		 - 0.01 0.03 - 0.05 0.00 3.41 0.51 0.59 0.91 1.68

Annual Balance Sheets for Churchill Capital Corp IV

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 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

Quarterly Balance Sheets for Churchill Capital Corp IV

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Total Assets		 7,261 9,415 8,941 8,897 8,223 8,489 9,218 8,869 8,823 7,483 7,699
Total Current Assets		 4,120 6,257 5,391 4,834 4,001 4,247 4,423 3,951 3,800 2,757 2,777
Cash & Equivalents		 900 2,775 1,164 2,169 1,354 1,894 1,855 1,796 1,635 700 733
Short-Term Investments		 2,078 2,474 3,258 1,825 1,863 1,578 1,756 1,030 702 0.00 29
Accounts Receivable		 2.58 21 23 127 101 98 90 125 138 131 223
Inventories, net		 1,018 850 799 566 510 507 471 713 981 1,469 1,379
Prepaid Expenses		 62 73 76 72 72 62 51 63 58 64 72
Other Current Assets		 59 64 70 75 102 108 199 223 286 392 341
Plant, Property, & Equipment, net		 2,323 2,475 2,673 2,972 3,066 3,222 3,322 3,568 3,752 4,029 4,223
Total Noncurrent Assets		 818 684 877 1,091 1,156 1,020 1,472 1,350 1,271 698 699
Long-Term Investments		 442 288 480 688 739 601 947 808 688 14 14
Other Noncurrent Operating Assets		 376 395 397 403 417 419 525 542 583 684 685
Total Liabilities & Shareholders' Equity		 7,261 9,415 8,941 8,897 8,223 8,489 9,218 8,869 8,823 7,483 7,699
Total Liabilities		 3,629 3,455 3,535 4,160 4,056 4,745 4,370 4,597 5,102 5,445 5,851
Total Current Liabilities		 1,015 886 1,038 1,037 1,011 1,146 1,331 1,534 2,105 2,694 2,438
Short-Term Debt		 - - - - - - - - - 707 707
Accounts Payable		 146 140 105 101 114 139 121 214 393 485 367
Other Current Liabilities		 784 677 872 835 760 868 1,210 1,320 1,712 1,502 1,364
Total Noncurrent Liabilities		 2,614 2,570 2,497 3,124 3,045 3,599 3,038 3,063 2,997 2,751 3,412
Long-Term Debt		 1,993 1,994 1,996 1,998 2,000 2,001 2,003 2,039 2,040 2,048 2,547
Capital Lease Obligations		 79 79 77 76 77 75 75 176 102 104 103
Other Noncurrent Operating Liabilities		 542 496 425 1,050 969 1,523 959 848 855 599 763
Commitments & Contingencies		 0.00 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 2,389 2,906
Total Equity & Noncontrolling Interests		 3,632 5,960 5,406 4,232 3,516 2,684 3,184 2,408 1,800 -351 -1,058
Total Preferred & Common Equity		 3,632 5,960 5,406 4,232 3,516 2,684 3,184 2,408 1,800 -351 -1,058
Total Common Equity		 3,632 5,960 5,406 4,232 3,516 2,684 3,184 2,408 1,800 -351 -1,058
Common Stock		 11,810 14,905 14,982 15,135 15,064 15,207 16,478 16,232 16,605 16,305 16,636
Retained Earnings		 -8,150 -8,914 -9,545 -10,880 -11,523 -12,515 -13,279 -13,818 -14,797 -16,639 -17,674
Treasury Stock		 -21 -21 -21 -21 -21 -21 -21 -21 -21 -21 -21
Accumulated Other Comprehensive Income / (Loss)		 -7.54 -9.95 -10 -2.40 -4.16 13 5.35 15 13 3.51 0.62

Annual Metrics And Ratios for Churchill Capital Corp IV

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 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%

Quarterly Metrics And Ratios for Churchill Capital Corp IV

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 327,684,243.00 327,684,243.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 327,684,243.00 327,684,243.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -3.46 -3.84
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -353.32% 17.91% 5.35% -100.00% 27.37% 3.12% 29.34% 68.26% 122.94% 0.00% 56.24%
EBITDA Growth		 -17.63% 10.14% 1.89% -8.44% 14.59% 12.33% 11.69% 11.31% -87.38% -173.56% -29.46%
EBIT Growth		 -16.78% 7.22% 1.35% -12.19% 10.01% 5.82% 1.82% 4.42% -82.14% -145.23% -46.69%
NOPAT Growth		 -15.49% 7.22% 2.17% -11.65% 9.01% 5.82% -1.99% -22.25% -45.27% -43.00% -34.76%
Net Income Growth		 -38.32% 12.66% 15.81% -57.31% 39.24% 46.22% 16.16% 1.42% -104.93% 0.00% -91.84%
EPS Growth		 40.48% 30.23% 15.00% -46.43% 20.00% 20.00% 17.65% 19.07% -45.38% 0.00% -17.86%
Operating Cash Flow Growth		 26.83% 35.51% 27.61% 9.89% -12.35% 17.06% -63.76% -63.50% -71.89% 0.00% 0.00%
Free Cash Flow Firm Growth		 13.78% -286.00% 144.63% 140.29% 9.07% 62.07% -228.93% -703.19% -646.95% -245.49% -106.84%
Invested Capital Growth		 5.89% 18.47% -22.41% -21.61% 5.05% 2.00% 24.73% 62.52% 60.37% 76.57% 55.22%
Revenue Q/Q Growth		 -386.31% 138.27% -10.20% -100.00% 0.00% 112.31% 10.37% 29.74% 55.31% 0.00% 43.50%
EBITDA Q/Q Growth		 -31.95% 27.63% -18.03% 3.78% -3.92% 25.71% -79.56% -52.46% 20.96% -768.95% -2.14%
EBIT Q/Q Growth		 -32.11% 25.14% -15.92% 2.14% -5.97% 21.65% -66.41% -45.55% 18.10% 0.00% 0.46%
NOPAT Q/Q Growth		 -30.02% 24.30% -15.92% 2.14% -5.97% 21.65% -16.06% -17.31% -13.03% 0.00% -9.37%
Net Income Q/Q Growth		 -3.63% -4.14% 5.50% -54.26% 59.98% 7.82% -47.32% -81.38% 16.80% 0.00% -0.63%
EPS Q/Q Growth		 10.71% -20.00% -13.33% -20.59% 51.22% -20.00% -16.67% -1,082.14% -14.20% 0.00% 4.62%
Operating Cash Flow Q/Q Growth		 7.60% -8.89% 1.89% 8.72% -15.20% 19.61% -93.70% 8.86% -21.11% -29.38% -3.08%
Free Cash Flow Firm Q/Q Growth		 62.24% -51.86% 181.93% -14.23% -185.21% 36.65% -55.46% -55.27% -21.70% -80.84% 6.93%
Invested Capital Q/Q Growth		 -7.31% -1.74% -8.13% -6.31% 24.21% -4.59% 20.45% -0.52% 29.73% 13.60% 5.88%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 - - - - - - -104.98% -99.12% -80.71% -110.35% -105.27%
EBITDA Margin		 0.00% -278.98% -366.69% 0.00% 0.00% -1,046.43% -217.65% -255.76% -130.17% -304.56% -216.78%
Operating Margin		 - - - - - - -309.54% -279.88% -203.69% -350.30% -266.97%
EBIT Margin		 0.00% -304.11% -392.57% 0.00% 0.00% -1,225.31% -261.62% -293.50% -154.77% -354.10% -245.62%
Profit (Net Income) Margin		 0.00% -304.81% -320.76% 0.00% 0.00% -701.36% -207.93% -290.70% -155.72% -364.06% -255.30%
Tax Burden Percent		 100.00% 100.03% 99.99% 100.05% 100.15% 99.63% 99.56% 99.96% 100.22% 100.02% 100.10%
Interest Burden Percent		 72.05% 100.20% 81.72% 128.74% 48.58% 57.45% 79.83% 99.08% 100.40% 102.80% 103.84%
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)		 0.00% -1.15% -1.69% 0.00% 0.00% -0.20% -78.30% -91.05% -64.57% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -10.84% -6.03% 0.00% 0.00% 3.67% -79.68% -68.90% -58.31% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -5.49% -2.53% 0.00% 0.00% 1.62% 31.14% 26.58% 15.66% 0.00% 0.00%
Return on Equity (ROE)		 -61.48% -6.63% -4.22% -64.93% -54.15% 1.42% -47.17% -64.48% -48.91% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 -38.05% -51.02% -4.51% -8.54% -34.89% -32.54% -103.66% -144.42% -128.37% -55.37% -43.27%
Operating Return on Assets (OROA)		 0.00% -1.28% -1.96% 0.00% 0.00% -0.21% -28.44% -36.13% -23.24% 0.00% 0.00%
Return on Assets (ROA)		 0.00% -1.28% -1.60% 0.00% 0.00% -0.12% -22.60% -35.78% -23.38% 0.00% 0.00%
Return on Common Equity (ROCE)		 -61.48% -6.23% -3.94% -57.41% -47.13% 1.10% -33.10% -38.73% -27.47% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -64.50% -74.20% -110.69% 0.00% -75.36% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -628 -475 -551 -539 -572 -448 -562 -659 -745 -693 -758
NOPAT Margin		 0.00% -212.87% -274.80% 0.00% 0.00% -857.72% -216.68% -195.92% -142.58% -245.21% -186.88%
Net Nonoperating Expense Percent (NNEP)		 1.18% 9.69% 4.34% 21.37% -8.22% -3.86% 1.38% -22.16% -6.26% -200.93% 47.72%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - -12.16% -16.73% -21.05% -27.62% -32.96%
Cost of Revenue to Revenue		 - - - - - - 204.98% 199.12% 180.71% 210.35% 205.27%
SG&A Expenses to Revenue		 0.00% 127.42% 143.17% 0.00% 0.00% 481.23% 99.01% 84.11% 53.92% 107.69% 74.12%
R&D to Revenue		 - - - - - - 105.55% 96.65% 69.06% 118.84% 79.27%
Operating Expenses to Revenue		 0.00% 404.11% 492.57% 0.00% 0.00% 1,325.31% 204.56% 180.76% 122.98% 239.95% 161.70%
Earnings before Interest and Taxes (EBIT)		 -907 -679 -787 -771 -817 -640 -679 -988 -809 -1,000 -996
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -861 -623 -736 -708 -735 -546 -565 -861 -680 -860 -879
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.99 1.54 1.71 3.05 2.35 2.30 2.67 4.06 4.78 0.00 0.00
Price to Tangible Book Value (P/TBV)		 1.99 1.54 1.71 3.05 2.35 2.30 2.67 4.06 4.78 0.00 0.00
Price to Revenue (P/Rev)		 0.00 192.28 136.50 0.00 0.00 4,649.07 6.93 6.86 2.53 0.00 0.00
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)		 1.49 1.02 1.18 1.61 1.49 1.33 2.41 2.94 1.74 1.83 1.73
Enterprise Value to Revenue (EV/Rev)		 0.00 205.09 168.48 0.00 0.00 5,875.08 7.41 7.83 4.72 0.00 0.00
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 14.99
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		 0.43 0.44 0.51 0.57 0.41 0.44 0.52 0.58 0.94 1.40 1.82
Long-Term Debt to Equity		 0.41 0.42 0.48 0.53 0.39 0.41 0.52 0.58 0.72 1.06 1.43
Financial Leverage		 0.47 0.51 0.42 0.46 0.42 0.44 -0.39 -0.39 -0.27 -0.05 0.19
Leverage Ratio		 1.78 1.93 1.74 1.91 1.81 1.89 2.03 2.32 2.21 2.43 2.71
Compound Leverage Factor		 1.28 1.93 1.42 2.45 0.88 1.09 1.62 2.30 2.22 2.49 2.81
Debt to Total Capital		 30.27% 30.71% 33.65% 36.37% 29.23% 30.47% 34.14% 36.54% 48.47% 58.38% 64.49%
Short-Term Debt to Total Capital		 1.56% 1.48% 1.81% 2.37% 1.83% 1.74% 0.00% 0.00% 11.53% 14.45% 13.59%
Long-Term Debt to Total Capital		 28.70% 29.23% 31.84% 34.01% 27.39% 28.73% 34.14% 36.54% 36.94% 43.94% 50.90%
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% 7.38% 10.37% 18.02% 17.79% 23.87% 28.74% 32.76% 39.21% 48.79% 55.84%
Common Equity to Total Capital		 69.73% 61.91% 55.98% 45.61% 52.99% 45.66% 37.11% 30.71% 12.32% -7.17% -20.33%
Debt to EBITDA		 -0.71 -0.73 -0.74 -0.73 -0.76 -0.78 -1.00 -1.02 -1.17 0.00 6.55
Net Debt to EBITDA		 -0.25 0.02 -0.26 -0.08 -0.19 -0.10 0.64 0.42 -0.28 0.00 5.04
Long-Term Debt to EBITDA		 -0.68 -0.69 -0.70 -0.68 -0.71 -0.74 -1.00 -1.02 -0.89 0.00 5.17
Debt to NOPAT		 -0.96 -0.98 -0.99 -0.98 -1.00 -1.01 -1.06 -0.97 -1.15 0.00 0.00
Net Debt to NOPAT		 -0.34 0.03 -0.36 -0.11 -0.25 -0.13 0.68 0.40 -0.28 0.00 0.00
Long-Term Debt to NOPAT		 -0.91 -0.93 -0.94 -0.91 -0.94 -0.95 -1.06 -0.97 -0.88 0.00 0.00
Altman Z-Score		 - - - - - - -1.16 -1.51 -2.29 -3.20 -3.36
Noncontrolling Interest Sharing Ratio		 0.00% 6.03% 6.43% 11.59% 12.97% 22.63% 29.81% 39.93% 43.84% 58.87% 77.95%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 - - - - - - 2.58 1.81 1.25 1.02 1.14
Quick Ratio		 - - - - - - 1.92 1.18 0.69 0.31 0.40
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,015 -1,541 1,263 1,083 -923 -585 -1,128 -1,751 -2,132 -2,507 -2,333
Operating Cash Flow to CapEx		 -174.06% -260.72% -216.37% -289.80% -182.81% -265.82% -454.52% -380.57% -281.59% -468.33% -481.52%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -68.49 -150.28 -61.03 -48.79
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -29.59 -64.61 -28.87 -25.56
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -37.37 -87.55 -35.03 -30.87
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.01 0.00 0.00 0.00 0.11 0.12 0.15 0.00 0.00
Accounts Receivable Turnover		 - - - - - - 8.20 9.03 9.36 0.00 0.00
Inventory Turnover		 - - - - - - 3.03 2.83 3.44 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.31 0.37 0.00 0.00
Accounts Payable Turnover		 - - - - - - 11.31 7.92 8.40 0.00 0.00
Days Sales Outstanding (DSO)		 - - - - - - 44.52 40.40 38.98 0.00 0.00
Days Inventory Outstanding (DIO)		 - - - - - - 120.59 128.77 106.09 0.00 0.00
Days Payable Outstanding (DPO)		 - - - - - - 32.27 46.06 43.44 0.00 0.00
Cash Conversion Cycle (CCC)		 - - - - - - 132.84 123.11 101.63 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,957 6,836 6,280 5,884 7,309 6,973 2,854 2,839 3,682 4,183 4,429
Invested Capital Turnover		 0.00 0.01 0.01 0.00 0.00 0.00 0.36 0.46 0.45 0.00 0.00
Increase / (Decrease) in Invested Capital		 387 1,066 -1,814 -1,622 351 137 566 1,092 1,386 1,814 1,576
Enterprise Value (EV)		 10,374 6,960 7,433 9,492 10,924 9,271 6,882 8,348 6,392 7,657 7,679
Market Capitalization		 9,638 6,525 6,022 8,186 9,095 7,336 6,436 7,309 3,426 3,123 2,192
Book Value per Share		 $2.12 $1.84 $1.52 $1.16 $1.29 $1.05 $0.79 $0.59 $2.21 ($1.07) ($2.77)
Tangible Book Value per Share		 $2.12 $1.84 $1.52 $1.16 $1.29 $1.05 $0.79 $0.59 $2.21 ($1.07) ($2.77)
Total Capital		 6,957 6,836 6,280 5,884 7,309 6,973 6,487 5,863 5,824 4,897 5,205
Total Debt		 2,106 2,100 2,113 2,140 2,136 2,125 2,215 2,142 2,823 2,859 3,356
Total Long-Term Debt		 1,997 1,998 2,000 2,001 2,002 2,003 2,215 2,142 2,151 2,152 2,649
Net Debt		 736 -70 760 246 529 270 -1,419 -882 682 2,145 2,581
Capital Expenditures (CapEx)		 273 198 234 160 292 161 183 199 325 253 254
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 - - - - - - -409 -642 -294 69 284
Debt-free Net Working Capital (DFNWC)		 - - - - - - 2,417 1,695 1,335 770 1,045
Net Working Capital (NWC)		 - - - - - - 2,417 1,695 664 62 338
Net Nonoperating Expense (NNE)		 26 205 92 453 -174 -82 -23 319 69 336 277
Net Nonoperating Obligations (NNO)		 2,106 2,100 2,113 2,140 2,136 2,125 -1,419 -882 682 2,145 2,581
Total Depreciation and Amortization (D&A)		 46 56 52 63 81 93 114 127 129 140 117
Debt-free, Cash-free Net Working Capital to Revenue		 - - - - - - -43.99% -60.24% -21.69% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 - - - - - - 260.19% 159.09% 98.63% 0.00% 0.00%
Net Working Capital to Revenue		 - - - - - - 260.19% 159.09% 49.01% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.25) ($0.30) ($0.34) ($0.41) ($0.20) ($0.24) ($0.24) ($3.31) ($3.78) ($3.46) ($3.30)
Adjusted Weighted Average Basic Shares Outstanding		 2.08B 2.30B 2.31B 2.32B 2.45B 3.04B 3.06B 312.17M 311.68M 328.29M 382.10M
Adjusted Diluted Earnings per Share		 ($0.25) ($0.30) ($0.34) ($0.41) ($0.20) ($0.24) ($0.28) ($3.31) ($3.78) ($3.46) ($3.30)
Adjusted Weighted Average Diluted Shares Outstanding		 2.08B 2.30B 2.31B 2.32B 2.45B 3.04B 3.06B 312.17M 313.40M 328.29M 382.10M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($3.78) $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 2.30B 2.31B 2.32B 3.01B 3.03B 3.05B 3.07B 324.17M 327.68M 390.26M 394.07M
Normalized Net Operating Profit after Tax (NOPAT)		 -628 -475 -537 -679 -572 -612 -562 -659 -745 -693 -758
Normalized NOPAT Margin		 0.00% -212.87% -267.74% 0.00% 0.00% -1,172.86% -216.68% -195.92% -142.58% -245.21% -186.88%
Pre Tax Income Margin		 0.00% -304.73% -320.80% 0.00% 0.00% -703.97% -208.84% -290.80% -155.39% -364.00% -255.04%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -38.63 -57.04 -24.35 -20.82
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -25.79 -52.55 -16.86 -15.84
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -46.41 -79.98 -30.52 -26.13
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -33.56 -75.49 -23.03 -21.15
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% -0.01% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Lucid Group’s latest quarter shows improving revenue trends, but the business is still deeply unprofitable and burning a lot of cash. In Q1 2026, revenue rose to $282.5 million from $522.7 million in Q4 2025 and from $235.0 million in Q1 2025, while net loss remained large at $1.03 billion. The company continues to rely on financing and investment sales to support operations.

What stands out most: Lucid’s vehicle-delivery business is growing over time, but cost structure remains far above revenue. Gross profit was still negative in Q1 2026, and operating losses were nearly $1.0 billion. Cash and investments remain substantial, but the quarter showed another meaningful cash outflow.

  • Revenue has improved materially year over year, with Q1 2026 sales of $282.5 million versus $235.0 million in Q1 2025 and $172.7 million in Q1 2024.
  • Operating cash flow improved sequentially versus Q4 2025, with cash from operations at -$1.19 billion compared with -$916.4 million in the prior quarter.
  • The company still had a large cash and investment base at quarter-end, including $700.4 million in cash and equivalents plus $13.6 million in long-term investments.
  • Lucid generated strong proceeds from investment sales in Q1 2026, which helped offset operating cash burn.
  • Vehicle revenue growth appears to be continuing, but the company did not yet show operating leverage.
  • Interest expense remains meaningful, but investment income and other income can partially offset it from quarter to quarter.
  • Capital spending remains significant, with $253.2 million spent on property, plant and equipment in Q1 2026.
  • Balance-sheet debt is sizable, including $707.4 million of short-term debt and $2.05 billion of long-term debt at Q1 2026.
  • Gross profit was negative $311.7 million in Q1 2026, meaning Lucid is still selling vehicles below total cost of revenue.
  • Operating expenses remain extremely high at $677.8 million, driving a Q1 2026 operating loss of $989.5 million.
  • Net loss attributable to common shareholders widened to $1.13 billion in Q1 2026.
  • Operating cash flow remains deeply negative, showing the core business still consumes large amounts of cash each quarter.
  • Common equity turned negative in Q1 2026 at -$351.4 million, reflecting an extremely leveraged capital structure.
  • Inventory climbed to $1.47 billion in Q1 2026, which ties up cash and can be a risk if deliveries do not scale fast enough.

Longer-term trend: Lucid has made progress growing revenue from 2023 levels, but losses have remained persistent across every quarter in the dataset. The company has repeatedly relied on debt issuance, equity issuance, preferred equity, and investment sales to fund operations. While liquidity is still available, the financial profile remains that of a high-cash-burn growth company rather than a near-term profitable automaker.

Bottom line: Lucid’s top line is moving in the right direction, but profitability, cash burn, and balance-sheet strain remain the key issues investors should watch.

08/10/26 06:49 AM ETAI Generated. May Contain Errors.

Churchill Capital Corp IV Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Churchill Capital Corp IV's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Churchill Capital Corp IV'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.

Churchill Capital Corp IV'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, Churchill Capital Corp IV's total revenue changed from $4.59 million in 2019 to $1.35 billion in 2025, a change of 29,394.3%.

Churchill Capital Corp IV'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, 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 $997.83 million as of their latest financial filing in 2025.

Over the last 6 years, Churchill Capital Corp IV'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 NYSE:CCIV last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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