← Lucid Group, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $614.4m | $6.3b | $1.7b | $1.4b | $1.6b | $997.8m | |
| Short-term investments (including $50,000 and $15,000 associated with a related party as of December 31, 2025 and 2024, respectively) | $505k | $0 | $2.2b | $2.5b | $2.4b | $631.1m | |
| Accounts receivable, net (including $120,540 and $57,909 from a related party as of December 31, 2025 and 2024, respectively) | $260k | $3.1m | $19.5m | $51.8m | $112.0m | $177.2m | |
| Inventory | $1.0m | $127.2m | $834.4m | $696.2m | $407.8m | $1.1b | |
| Prepaid expenses | $938k | $70.3m | $63.5m | $69.7m | $53.0m | $59.6m | |
| Other current assets (including nil and $34,503 associated with a related party as of December 31, 2025 and 2024, respectively) | $24.5m | $43.3m | $81.5m | $79.7m | $270.2m | $324.4m | |
| Total current assets | $4.5m | $6.5b | $4.9b | $4.8b | $4.9b | $3.3b | |
| Long-term investments (including $24,259 and $57,831 associated with a related party as of December 31, 2025 and 2024, respectively) | — | $0 | $530.0m | $461.0m | $1.0b | $512.2m | |
| Property, plant and equipment, net | $713.3m | $1.2b | $2.2b | $2.8b | $3.3b | $4.0b | |
| Right-of-use assets | $0 | $162.0m | $215.2m | $221.5m | $211.9m | $242.0m | |
| Other noncurrent assets | $26.9m | $30.6m | $55.3m | $262.2m | $249.4m | $355.0m | |
| Finance lease liabilities, current portion | $0 | $4.2m | $10.6m | $8.2m | $6.8m | $84.2m | |
| Other current liabilities (including $81,580 and nil associated with a related party as of December 31, 2025 and 2024, respectively) | $151.8m | $318.2m | $634.6m | $799.0m | $1.0b | $1.4b | |
| Finance lease liabilities, net of current portion | $0 | $6.1m | $81.3m | $77.7m | $76.1m | $104.6m | |
| Total stockholders’ equity | $5.0m | $3.9b | $4.3b | $4.9b | $3.9b | $717.3m | |
| TOTAL ASSETS | $2.1b | $7.9b | $7.9b | $8.5b | $9.6b | $8.4b | |
| Accounts payable | $17.3m | $41.3m | $229.1m | $108.7m | $133.8m | $487.5m | |
| Current portion of debt | — | — | — | — | $126.4m | $671.7m | |
| Debt, net of current portion | $0 | $2.0b | $2.0b | $2.0b | $2.0b | $2.0b | |
| Total current liabilities | $185.3m | $396.1m | $937.6m | $1.0b | $1.2b | $2.6b | |
| Other long-term liabilities (including $123,198 and $121,136 associated with related parties as of December 31, 2025 and 2024, respectively) | $39.1m | $188.6m | $378.2m | $524.3m | $572.8m | $582.7m | |
| Total liabilities | $74.0m | $4.0b | $3.5b | $3.7b | $4.5b | $5.4b | |
| Derivative liabilities associated with redeemable convertible preferred stock (related party) | — | — | — | $0 | $639.4m | $16.2m | |
| Redeemable convertible preferred stock, (related party) | $2.0b | $0 | — | $0 | $1.3b | $2.3b | |
| Common stock, par value $0.0001; 1,500,000,000 shares authorized as of December 31, 2025 and 2024; [300,000,000] and 303,221,972 shares issued and [310,000,000] and 303,136,190 shares outstanding as of December 31, 2025 and 2024, respectively | 6k | 165k | 183k | 230k | 303k | 33k | |
| Additional paid-in capital | $7.5m | $10.0b | $11.8b | $15.1b | $16.8b | $16.3b | |
| Treasury stock, at cost, 85,782 shares at December 31, 2025 and 2024 | — | ($20.7m) | ($20.7m) | ($20.7m) | ($20.7m) | ($20.7m) | |
| Accumulated other comprehensive income (loss) | — | $0 | ($11.6m) | $4.8m | ($2.1m) | $11.7m | |
| Accumulated deficit | ($2.5m) | ($6.1b) | ($7.4b) | ($10.2b) | ($12.9b) | ($15.6b) | |
| TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY | $2.1b | $7.9b | $7.9b | $8.5b | $9.6b | $8.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.