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MARKETS / NASDAQ / LCID
NASDAQ · MOTOR VEHICLES & PASSENGER CAR BODIES · LARGE CAP

Lucid Group, Inc. LCID

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 67.6% YoY
$-2.7B
$-3.8B
In brief

What this company does

Lucid designs, develops, manufactures and sells two electric vehicles: the Lucid Air sedan, for which customer deliveries began in late 2021, and the Lucid Gravity SUV, which arrived on the road in late 2024. As of December 31, 2025, Lucid had approximately 9,000 employees globally. The Lucid Air and the Lucid Gravity are assembled at the company's manufacturing facility in Casa Grande, Arizona, named Advanced Manufacturing Plant-1, where installed capacity reached 90,000 vehicles per year in 2024. In 2022, Lucid broke ground on the Advanced Manufacturing Plant-2 in Saudi Arabia, and in 2023 began semi knocked-down assembly there, with installed annual capacity of 5,000 vehicles. As of December 31, 2025, Lucid had opened 45 Studios and service centers in North America, 12 in Europe and 5 in the Middle East, complemented by various temporary and satellite service centers.

Written from the business description in Lucid Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.4B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income -2.7
0.5B1.0B-1.0B-2.0B2019202020212022202320242025
Compound annual growth
+30.6%
+220.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +220.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−199 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -258.7% · Net -199.3%
-5000%-10000%-15000%2019202020212022202320242025
ROE
FY2025 · ROE -117.6%
-50%-100%-150%2019202020212022202320242025

Each USD of equity lost 118 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -3.8
-2B2019202020212022202320242025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks -10.3
5M10M-8M-16M20192020202120222023

Total assetsUSD 8.4B
EquityUSD 717.3M
CashUSD 997.8M
Gross debtUSD 2.7B
Net debtUSD 1.7B
Current ratio1.25×

Net debt stands at 240% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B1.40.80.60.60.00.00.0
Operating income $B−3.5−3.0−3.1−2.6−1.5−0.6−0.3
EBITDA $B−3.1−2.7−2.9−2.4···
Income tax $B−0.00.00.00.00.0−0.00.0
Net income $B−2.7−2.7−2.8−1.3−2.6−0.7−0.3
Free cash flow $B−3.8−2.9−3.4−3.3−1.5−1.0−0.3
EPS, diluted $−12.09−12.52−13.59−1.51−6.41−28.42−13.08
Dividend / sh $·······
Payout %·······
ROE %−117.6−62.2−61.5−31.6−199.2··
Shares out B0.330.302.301.831.650.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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