Lucid Group (LCID)
Builds the Lucid Air sedan and Gravity SUV for the global luxury EV market.
$4.22
vs last close−0.08 (−1.86%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 138 | 157 | 173 | 201 | 200 | 234 | 235 | 259 | 337 | 523 | 282 | 405 |
| Cost of revenue | 470 | 410 | 405 | 470 | 413 | 443 | 464 | 532 | 670 | 945 | 594 | 832 |
| Gross profit | −332 | −253 | −232 | −270 | −213 | −209 | −229 | −272 | −334 | −422 | −312 | −427 |
| 421 | 484 | 498 | 518 | 558 | 524 | 463 | 531 | 608 | 643 | 640 | 655 | |
| Research & development | 231 | 243 | 285 | 287 | 324 | 280 | 251 | 274 | 325 | 361 | 336 | 321 |
| 190 | 241 | 213 | 210 | 234 | 244 | 212 | 257 | 283 | 282 | 304 | 300 | |
| Selling & marketing | 0 | 35 | 0 | 0 | 0 | 50 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 0 | 206 | 0 | 0 | 0 | 194 | 0 | 0 | 0 | 0 | 0 | 300 |
| Other expenses | 1 | 0 | 0 | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34 |
| Operating income | −753 | −737 | −730 | −787 | −771 | −733 | −692 | −803 | −942 | −1,065 | −952 | −1,082 |
| 122 | 83 | 49 | 144 | −221 | 336 | 324 | 261 | −37 | 252 | −77 | 48 | |
| Interest income | 66 | 59 | 51 | 55 | 50 | 58 | 52 | 44 | 35 | 25 | 13 | 10 |
| Interest expense | 3 | 8 | 8 | 7 | 8 | 10 | 12 | 24 | 26 | 34 | 41 | 48 |
| Other non-operating income | −126 | −91 | −57 | −151 | 213 | −347 | −336 | −285 | 11 | −286 | 36 | 87 |
| Income before tax | −631 | −654 | −681 | −643 | −992 | −397 | −368 | −542 | −979 | −812 | −1,028 | −1,034 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 1 | −1 | −2 | 0 | 2 | 0 | 1 |
| Net income from continuing operations | −631 | −654 | −681 | −643 | −992 | −397 | −366 | −539 | −978 | −814 | −1,028 | −1,035 |
| Net income | −631 | −654 | −681 | −643 | −992 | −397 | −366 | −539 | −978 | −814 | −1,028 | −1,259 |
| EPS, basic | −$2.76 | −$2.85 | −$2.97 | −$3.42 | −$4.09 | −$2.24 | −$2.41 | −$2.42 | −$3.31 | −$3.62 | −$3.46 | −$3.30 |
| EPS, diluted | −$2.76 | −$2.85 | −$2.97 | −$3.42 | −$4.09 | −$2.24 | −$2.41 | −$2.80 | −$3.31 | −$3.62 | −$3.46 | −$3.30 |
| Weighted average shares, basic | 228 | 229 | 230 | 231 | 232 | 284 | 304 | 306 | 312 | 325 | 328 | 382 |
| Weighted average shares, diluted | 228 | 229 | 230 | 231 | 232 | 284 | 304 | 306 | 312 | 325 | 328 | 382 |
| EBITDA | −566 | −578 | −604 | −571 | −914 | −296 | −258 | −407 | −833 | −656 | −871 | −1,047 |
| Depreciation & amortization | 61 | 67 | 69 | 66 | 69 | 91 | 98 | 111 | 120 | 122 | 116 | 122 |
| EBIT | −627 | −646 | −673 | −637 | −984 | −386 | −356 | −518 | −953 | −778 | −987 | −1,169 |
