Lucid Group, Inc. (LCID)

Lucid Group, Inc., a technology company, designs, develops, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. The company provides Lucid Air sedan and Lucid Gravity SUV. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services. It has a strategic partnership with Bolt to develop and deploy autonomous mobility services across Europe. The company is headquartered in Newark, California. Lucid Group, Inc. is a subsidiary of Ayar Third Investment Company.

Symbol: LCID
Exchange: Nasdaq
Sector: Consumer Cyclical
Industry: Auto Manufacturers
Market cap: $1.63B
52 week range: 2.37 - 25.23

Valuation

Share price: $4.19 (close of 2026-10-01)
P/E (TTM): -0.30x
Price to book: -1.54x
Price to free cash flow: -0.32x
Enterprise value: $4.52B
Book value per share: $-2.68

Price performance

Period	Change
1 day	+2.95%
5 days	+0.96%
1 month	-7.91%
3 months	-36.80%
6 months	-56.17%
Year to date	-60.36%
1 year	-82.76%
3 years	-92.50%
5 years	-98.29%
All time	-95.76%

Profitability and growth

Return on equity: -376.15%
Return on invested capital: -153.14%
Return on assets: -32.17%
Return on capital employed: -60.89%
Gross margin: -92.81%
Net margin: -199.30%
EBITDA margin: -225.33%
Revenue growth: 67.58%
Net income growth: 0.59%
Free cash flow growth: -30.88%

Cash flow and balance sheet

Current ratio: 1.14x
Net debt to EBITDA: -0.90x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $1.35B
Cost of revenue: $2.61B
Gross profit: -$1.26B
EBITDA: -$3.05B
Net income: -$2.70B
Research and development: $1.21B

Income statement by year

Period end	Revenue	Gross profit	Net income
2025-12-31	$1.35B	-$1.26B	-$2.70B
2024-12-31	$807.83M	-$923.11M	-$2.71B
2023-12-31	$595.27M	-$1.34B	-$2.83B
2022-12-31	$608.18M	-$1.04B	-$1.30B
2021-12-31	$27.11M	-$127.79M	-$2.58B
2020-12-31	$3.98M	$906.00K	-$719.38M
2019-12-31	$4.59M	$664.00K	-$277.36M

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	-92.81%	-199.30%	-376.15%	-153.14%
2024-12-31	-114.27%	-335.95%	-70.08%	-130.28%
2023-12-31	-225.24%	-475.15%	-58.30%	-90.64%
2022-12-31	-170.66%	-214.49%	-29.99%	-93.14%
2021-12-31	-471.34%	-9515.55%	-65.99%	-
2020-12-31	22.79%	-18093.06%	54.55%	-
2019-12-31	14.47%	-6042.64%	44.66%	-

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$1.63B	$2.05B
2024-12-31	$4.03B	$2.00B
2023-12-31	$3.86B	$2.00B
2022-12-31	$3.91B	$1.99B
2021-12-31	$6.26B	$1.99B
2020-12-31	$614.92M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$3.80B	$271.27M
2024-12-31	-$2.90B	$285.87M
2023-12-31	-$3.40B	$257.28M
2022-12-31	-$3.30B	$423.50M
2021-12-31	-$1.48B	$516.76M
2020-12-31	-$1.03B	$4.61M
2019-12-31	-$339.59M	$7.72M

Investor relations

Next earnings report

Next confirmed report: 2026-11-04

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-04	Jun/2026	-
2026-05-05	-	-
2026-02-24	-	-
2025-11-05	-	-
2025-08-05	-	-
2025-05-06	-	-
2025-02-25	-	-
2024-11-07	-	-

Filings and sources

Company website: lucidmotors.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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