Lucid Group
LCID Nasdaq· Automobile Manufacturers
Last close · Oct 26, 2026
$3.40
KIRA · Stoqly’s AI analyst, in plain words
- Lucid Group had $1.4B of revenue in fiscal 2025, up 67.6% on the year before. Over five years, revenue changed +220.6% a year on average.
- Its operating margin was −258.7%, up 115.3 pts: of every 100 in sales, about −259 is left after running the business.
- Lucid Group lost $2.7B in fiscal 2025.
- Free cash flow was −$3.8B in fiscal 2025, −280.7% of revenue.
- Lucid Group returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 28.2%.
- Lucid Group owes $1.3B more than it holds in cash.
Market cap
$1.3B
P/E
—
Revenue
$1.4B
Net income
−$2.7B
Free cash flow
−$3.8B
Operating margin
−258.7%
Lucid Group in 30 seconds · fiscal 2025
Are sales growing?
+67.6%
Yes. Sales grew 67.6% last year.
Does it make a profit?
−199.3%
No. It lost money last year.
Does profit turn into cash?
−280.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
What Lucid Group does
Lucid designs, makes and sells electric vehicles (EVs). It sells two models: the Lucid Air sedan, first delivered to customers in late 2021, and the Lucid Gravity SUV, which arrived on the road in late 2024. It designs their powertrains, battery systems and software itself, and sells directly to consumers through its retail network and online. As of December 31, 2025, it had opened 45 Studios and service centers in North America, 12 in Europe and 5 in the Middle East. Lucid says production of cars on its new, lower-priced Midsize platform is scheduled to start in late 2026. In 2025 it formed a partnership with Uber and Nuro to launch robotaxis based on the Gravity; along with a $300 million investment from an Uber subsidiary, it agreed to deploy a minimum of 20,000 robotaxis. It also supplies powertrain and battery technology and parts to Aston Martin. Under an agreement, the Government of Saudi Arabia may buy up to 100,000 vehicles, with a minimum of 50,000.
Biggest risks, in its own words
- It has lost money every year since it started and expects substantial losses for the foreseeable future.
- It depends on revenue from a small number of models, and has had delays in designing, launching and building its vehicles.
- The Saudi government buying far fewer vehicles than expected, or Lucid being unable to fill its orders.
- Shortages or price changes in materials, especially lithium-ion battery cells.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Legal name
- Lucid Group, Inc.
- CIK
- 0001811210
Lucid Group · LCID
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $27.1M | $608M | $595M | $808M | $1.4B |
| Revenue growth | 581.9% | 2,143.3% | −2.1% | 35.7% | 67.6% |
| Gross margin | −471.3% | −170.7% | −225.2% | −114.3% | −92.8% |
| Operating margin | −5,645.1% | −426.5% | −520.7% | −373.9% | −258.7% |
| Net income | −$2.6B | −$1.3B | −$2.8B | −$2.7B | −$2.7B |
| Net margin | −9,515.6% | −214.5% | −475.2% | −336.0% | −199.3% |
| Diluted EPS | −$64.10 | −$15.10 | −$13.59 | −$12.52 | −$12.09 |
| Cash | |||||
| Cash from operations | −$1.1B | −$2.2B | −$2.5B | −$2.0B | −$2.9B |
| Capital expenditure | $421M | $1.1B | $911M | $884M | $868M |
| Free cash flow | −$1.5B | −$3.3B | −$3.4B | −$2.9B | −$3.8B |
| FCF margin | −5,456.7% | −542.8% | −571.2% | −359.4% | −280.7% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $20.7M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 2,882.3% | 128.7% | 22.9% | 17.5% | 28.2% |
| Debt and strength | |||||
| Cash and short-term investments | $6.3B | $3.9B | $3.9B | $4.0B | $1.6B |
| Debt incl. finance leases | $2.0B | $2.1B | $2.2B | $2.2B | $2.9B |
| Shareholders' equity | $3.9B | $4.3B | $4.9B | $3.9B | $717M |
| Current ratio | 16.4x | 5.2x | 4.7x | 4.2x | 1.3x |
| Interest coverage | −1,113.9x | −84.8x | −124.4x | −91.8x | −36.8x |
| Returns and quality | |||||
| Return on capital | — | −188.6% | −86.3% | −91.8% | −136.7% |
| Return on equity | −199.2% | −31.6% | −61.5% | −62.2% | −117.6% |
| Piotroski F-score | — | 4 | 2 | 5 | 3 |
| Altman Z'' | 2.3 | −0.7 | −2.1 | −3.0 | −8.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
100%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Lucid Group · LCID
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Lucid Group LCID | $1.3B | 67.6% | −258.7% | −280.7% | −136.7% | — | 3 |
| Winnebago Industries WGO | $798M | −3.4% | 2.5% | 5.4% | 3.3% | — | 6 |
| Rivian Automotive RIVN | $15.1B | 8.4% | −66.6% | −46.2% | −88.0% | — | 4 |
| Tesla TSLA | $1.39T | −2.9% | 4.6% | 6.6% | 7.2% | — | 5 |
| General Motors GM | $67.7B | −1.3% | 1.6% | 9.5% | 1.5% | 16.6x | 6 |
KIRA
At $3.40 a share, the company is worth $1.3B.
Lucid Group grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001811210). Data updated October 19, 2026. For information only — not investment advice. Check the original filings before relying on any figure.