Lucid Group, Inc. (LCID)
Operating at the intersection of technology and the automotive industry, Lucid Group, Inc. specializes in the development of electric vehicle (EV) technologies. The company is responsible for the complete cycle of designing, engineering, and manufacturing electric vehicles, including their vital powertrain and battery systems. By the end of 2021, Lucid had expanded its physical presence to twenty retail studios across the United States. The company was founded in 2007 and is headquartered in Newark, California.
Sector: Motor Vehicles & Passenger Car Bodies
Industry: Auto - Manufacturers
Lucid Group, Inc.
NASDAQ:LCIDConsumer Cyclical · Auto - Manufacturers
+2.43%$3.37
Prev close$3.29-0.30%Open$3.28+2.74%Now$3.37
Mkt Cap$1.33B
Float199.4M
O/S394.07M
VOL665K sh
$ Vol$2.19M
RVOL0.06×
Inst Own68.0%
SI50.0%
Dilution
Financials Summary
Revenue$1.35B
Net Income-$2.7B
Total Assets$8.39B
Free Cash Flow-$3.83B
Debt & Equity
Debt 54%
Equity 45%
Preferred 1%
Total Debt$860.53M
Total Equity$717.29M
Preferred Stock$16.2M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitSep 2, 202510 shares → 1
Balance Sheet Details
Assets$8.39B
Liabilities$7.67B
Accounts Receivable$177.16M
Accounts Payable$487.52M
Inventory$1.11B
PP&E (Net)$4.22B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $1.35B | $807.83M | $595.27M | $608.18M | $27.11M | $3.98M | $4.59M |
| YoY Growth | 67.6% | 35.7% | -2.1% | 2143.3% | 581.9% | -13.4% | - |
| Cost of Revenue | $2.61B | $1.73B | $1.94B | $1.65B | $154.9M | $3.07M | $3.93M |
| Gross Profit | -$1.26B | -$923.11M | -$1.34B | -$1.04B | -$127.79M | $906K | $664K |
| Gross Margin | -92.8% | -114.3% | -225.2% | -170.7% | -471.3% | 22.8% | 14.5% |
| Research and Development | $1.21B | $1.18B | $937.01M | $821.51M | $750.18M | $511.11M | $220.22M |
| Selling, General, and Administrative | $1.03B | $900.95M | $797.24M | $734.57M | $652.48M | $89.02M | $38.38M |
| Other | $0 | $20.3M | $24.55M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.25B | $2.1B | $1.76B | $1.56B | $1.4B | $600.13M | $258.6M |
| Operating Income (EBIT) | -$3.5B | -$3.02B | -$3.1B | -$2.59B | -$1.53B | -$599.23M | -$257.93M |
| Operating Margin | -258.7% | -373.9% | -520.7% | -426.5% | -5645.1% | -15071.1% | -5619.5% |
| Interest Expense | $95.1M | $32.92M | $24.91M | $30.6M | $1.37M | $64K | $8.55M |
| Interest Income | $156.44M | $213.03M | $204.27M | $56.76M | $0 | $0 | $0 |
| Other Income (Expense) | $801.37M | $308.08M | $272.19M | $1.29B | -$1.05B | -$120.34M | -$19.4M |
| Income Before Tax (EBT) | -$2.7B | -$2.71B | -$2.83B | -$1.3B | -$2.58B | -$719.57M | -$277.33M |
| Income Tax Expense | -$2.33M | $1.2M | $1.03M | $379K | $49K | -$188K | $23K |
| Net Income | -$2.7B | -$2.71B | -$2.83B | -$1.3B | -$2.58B | -$719.38M | -$277.36M |
| Net Income Margin | -199.3% | -336.0% | -475.1% | -214.5% | -9515.6% | -18093.1% | -6042.6% |
| Supplementary Data | |||||||
| EPS | -11.81 | -12.52 | -13.59 | -7.77 | -64.12 | -284.22 | -111.70 |
| Diluted EPS | -11.81 | -12.52 | -13.59 | -15.11 | -64.12 | -284.22 | -111.70 |
| Weighted Average OS | 311.68M | 244.52M | 208.18M | 167.83M | 74.04M | 2.48M | 2.48M |
| EBITDA | -$2.15B | -$2.38B | -$2.57B | -$1.09B | -$2.52B | -$709.29M | -$264.94M |
| EBITDA Margin | -159.1% | -295.2% | -431.6% | -178.7% | -9278.3% | -17839.2% | -5772.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $997.83M | $1.61B | $1.37B | $1.74B | $6.26B | $614.41M | $351.68M |
| Short-Term Investments | $0 | $2.42B | $2.49B | $2.18B | $0 | $505K | $505K |
| Cash and Short-Term Investments | $997.83M | $4.03B | $3.86B | $3.91B | $6.26B | $614.92M | $352.19M |
| Accounts Receivable | $177.16M | $112.03M | $51.82M | $19.54M | $3.15M | $260K | $408K |
| Inventory | $1.11B | $407.77M | $696.24M | $834.4M | $127.25M | $1.04M | $684K |
| Other Current Assets | $1.02B | $270.22M | $79.67M | $81.54M | $43.33M | $24.5M | $40.34M |
| Total Current Assets | $3.3B | $4.87B | $4.76B | $4.91B | $6.51B | $662.56M | $423.24M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $4.22B | $3.47B | $3.03B | $2.38B | $1.34B | $713.27M | $142.81M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $512.24M | $1.05B | $461.03M | $529.97M | $24.38M | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $354.98M | $249.44M | $262.16M | $55.3M | $6.23M | $26.85M | $13.55M |
| Total Long-Term Assets | $5.09B | $4.77B | $3.76B | $2.97B | $1.37B | $740.13M | $156.37M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $8.39B | $9.65B | $8.51B | $7.88B | $7.88B | $1.4B | $579.6M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $487.52M | $133.83M | $108.72M | $229.08M | $41.34M | $17.33M | $12.66M |
| Short-Term Debt | $755.97M | $126.42M | $72.53M | $9.6M | $15.28M | $980K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $18.47M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.39B | $653.46M | $569.41M | $269.2M | $155.73M | $109.25M | $37.92M |
| Total Current Liabilities | $2.64B | $1.17B | $1.01B | $937.56M | $396.1M | $185.28M | $65.86M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $104.56M | $2B | $2B | $1.99B | $1.99B | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4.93B | $2.3B | $333.88M | $274.96M | $1.4B | $2.54B | $58.81M |
| Total Long-Term Liabilities | $5.03B | $4.61B | $2.65B | $2.59B | $3.58B | $2.54B | $59.06M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $7.67B | $5.78B | $3.66B | $3.53B | $3.97B | $2.72B | $124.92M |
| Stockholders' Equity | |||||||
| Preferred Stock | $16.2M | $0 | $0 | $0 | $0 | $0 | $1.08B |
| Common Stock | $33K | $303K | $230K | $183K | $165K | $3K | $1K |
| Retained Earnings | -$15.61B | -$12.91B | -$10.2B | -$7.37B | -$6.07B | -$1.36B | -$637.51M |
| Comprehensive Income & Other | $11.69M | -$2.1M | $4.85M | -$11.57M | $0 | $0 | $0 |
| Other Stockholders' Equity | $16.33B | $16.79B | $15.05B | $11.72B | $9.98B | $38.11M | $1.09B |
| Total Equity | $717.29M | $3.87B | $4.85B | $4.35B | $3.91B | -$1.32B | $454.69M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $8.39B | $9.65B | $8.51B | $7.88B | $7.88B | $1.4B | $579.6M |
| Supplementary Data | |||||||
| Total Debt | $860.53M | $2.48B | $2.43B | $2.35B | $2.21B | $980K | $244K |
| Net Debt | -$137.3M | $870.02M | $1.06B | $612.7M | -$4.05B | -$613.43M | -$351.44M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$2.7B | -$2.71B | -$2.83B | -$1.3B | -$2.58B | -$719.38M | -$277.36M |
| Depreciation & Amortization | $451.24M | $295.34M | $233.53M | $186.58M | $62.91M | $10.22M | $3.84M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $271.27M | $285.87M | $257.28M | $423.5M | $516.76M | $4.61M | $7.72M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$65.69M | -$61.28M | -$32.51M | -$16.5M | -$2.89M | $148K | $984K |
| Inventory | -$1.45B | -$334.24M | -$658.01M | -$1.26B | -$175.09M | -$359K | -$188K |
| Accounts Payable | $318.46M | $34.76M | -$139.52M | $180.47M | $4.35M | -$69.86M | $5.84M |
| Other Working Capital | $110.18M | $36.73M | -$129.73M | $200.25M | -$8.9M | $84.7M | $4.97M |
| Total Working Capital Change | -$1.09B | -$324.04M | -$959.77M | -$892.13M | -$182.53M | $14.63M | $11.61M |
| Other Non-Cash Items | $101.94M | $437.09M | $807.63M | -$639.75M | $1.12B | $119.73M | $18.88M |
| Net Cash from Operating | -$2.96B | -$2.02B | -$2.49B | -$2.23B | -$1.06B | -$570.2M | -$235.3M |
| Investing Activities | |||||||
| Capital Expenditures | -$868.16M | -$883.84M | -$910.64M | -$1.07B | -$421.22M | -$459.58M | -$104.29M |
| Acquisitions | $0 | $0 | $0 | $0 | $22K | $0 | $0 |
| Purchases of Investments | -$309.56M | -$4.62B | -$4B | -$3.85B | $0 | $0 | $0 |
| Sales of Investments | $2.65B | $4.21B | $3.87B | $1.15B | $505K | $0 | $0 |
| Other Investing Activities | $2.05M | $0 | $92.67M | $97.59M | $0 | $0 | $0 |
| Net Cash from Investing | $1.48B | -$1.29B | -$946.98M | -$3.68B | -$420.69M | -$459.58M | -$104.29M |
| Financing Activities | |||||||
| Debt Repaid | -$603.2M | -$50.82M | -$57.49M | $2.01M | -$2B | $364K | -$70.95M |
| Common Stock Issuance | $324.87M | $1.74B | $3B | $1.55B | $181.41M | $1.3B | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$218.79M | -$23.72M | -$12.1M | -$50M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$12.91M | $4.83M | $16.56M | $31.7M | $4.37B | $3.29M | $483K |
| Net Cash from Financing | $915.16M | $3.55B | $3.07B | $1.35B | $7.14B | $1.29B | $621.43M |
| Forex Effect | $36.95M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$529.19M | $235.54M | -$365.81M | -$4.56B | $5.66B | $260.77M | $281.84M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$2.96B | -$2.02B | -$2.49B | -$2.23B | -$1.06B | -$570.2M | -$235.3M |
| Capital Expenditure | -$868.16M | -$883.84M | -$910.64M | -$1.07B | -$421.22M | -$459.58M | -$104.29M |
| Free Cash Flow | -$3.83B | -$2.9B | -$3.4B | -$3.3B | -$1.48B | -$1.03B | -$339.59M |
| Cash at Beginning | $1.55B | $1.37B | $1.74B | $6.3B | $640.42M | $379.65M | $97.81M |
| Cash at End | $1.02B | $1.61B | $1.37B | $1.74B | $6.3B | $640.42M | $379.65M |