Lucid Group, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.4B | $807.8M | $595.3M | $608.2M | $27.1M |
| Cost of revenue | $2.6B | $1.7B | $1.9B | $1.6B | $154.9M |
| Selling, general & administrative | $1.0B | $901.0M | $797.2M | $734.6M | $652.5M |
| Research and development | $1.2B | $1.2B | $937.0M | $821.5M | $750.2M |
| Operating income | -$3.5B | -$3.0B | -$3.1B | -$2.6B | -$1.5B |
| Interest expense | $95.1M | $32.9M | $24.9M | $30.6M | $1.4M |
| Pretax income | -$2.7B | -$2.7B | -$2.8B | -$1.3B | -$2.6B |
| Income tax expense | -$2.3M | $1.2M | $1.0M | $379,000 | $49,000 |
| Net income | -$2.7B | -$2.7B | -$2.8B | -$1.3B | -$2.6B |
| Balance Sheet | |||||
| Cash and equivalents | $997.8M | $1.6B | $1.4B | $1.7B | $6.3B |
| Current assets | $3.3B | $4.9B | $4.8B | $4.9B | $6.5B |
| Total assets | $8.4B | $9.6B | $8.5B | $7.9B | $7.9B |
| Current liabilities | $2.6B | $1.2B | $1.0B | $937.6M | $396.1M |
| Total liabilities | $5.4B | $4.5B | $3.7B | $3.5B | $4.0B |
| Total debt | $2.7B | $2.1B | — | — | — |
| Stockholders' equity | $717.3M | $3.9B | $4.9B | $4.3B | $3.9B |
| Cash Flow Statement | |||||
| Cash from operations | -$2.9B | -$2.0B | -$2.5B | -$2.2B | -$1.1B |
| Depreciation and amortization | $451.2M | $295.3M | $233.5M | $186.6M | — |
| Stock-based compensation | $271.3M | $285.9M | $257.3M | $423.5M | $516.8M |
| Capital expenditure | $868.2M | $883.8M | $910.6M | $1.1B | $421.2M |
| Free cash flow | -$3.8B | -$2.9B | -$3.4B | -$3.3B | -$1.5B |
| Share repurchases | — | — | $0 | $0 | $20.7M |
| Impairments | $0 | $0 | $15.3M | $0 | $0 |
Shares outstanding 390.3M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.