← Lucid Group, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (including $144,034, $174,204, and $43,714 from a related party for the years ended December 31, 2025, 2024, and 2023, respectively) | $4.6m | $4.0m | $27.1m | $608.2m | $595.3m | $807.8m | $1.4b | — | |
| Cost of revenue | $3.9m |
$3.1m
-21.80%
|
$154.9m
+4945.50%
|
$1.6b
+962.70%
|
$1.9b
+17.62%
|
$1.7b
-10.59%
|
$2.6b
+50.80%
|
$3.0b
+16.51%
|
|
| Research and development | $220.2m | $511.1m | $750.2m | $821.5m | $937.0m | $1.2b | $1.2b | $1.3b | |
| Selling, general and administrative | $38.4m | $89.0m | $652.5m | $734.6m | $797.2m | $901.0m | $1.0b | $1.2b | |
| Restructuring charges | — | — | $0 | $0 | $24.5m | $20.3m | $0 | — | |
| Loss from operations | ($257.9m) |
($599.2m)
-132.32%
|
($1.5b)
-155.40%
|
($2.6b)
-69.49%
|
($3.1b)
-19.49%
|
($3.0b)
+2.54%
|
($3.5b)
-15.92%
|
— | |
| Interest expense (including $24,250, $6,980, and $2,159 to related parties for the years ended December 31, 2025, 2024, and 2023, respectively) | ($8.5m) | ($64k) | ($1.4m) | ($30.6m) | ($24.9m) | ($32.9m) | ($95.1m) | $148.4m | |
| Interest expense on 2026 Notes | — | — | — | — | $0 | $0 | $14.3m | $148.4m | |
| Interest income | — | $0 | $0 | $56.8m | $204.3m | $213.0m | $156.4m | $82.7m | |
| Other expense, net | $4.6m | ($690k) | ($893k) | $9.5m | ($90k) | ($18.5m) | ($8.7m) | — | |
| Total other income, net | ($19.4m) | ($120.3m) | ($1.0b) | $1.3b | $272.2m | $308.1m | $801.4m | — | |
| Loss before provision for (benefit from) income taxes | ($277.3m) | ($719.6m) | ($2.6b) | ($1.3b) | ($2.8b) | ($2.7b) | ($2.7b) | — | |
| Provision for (benefit from) income taxes | $23k | ($188k) | $49k | $379k | $1.0m | $1.2m | ($2.3m) | — | |
| Net loss | ($277.4m) | ($719.4m) | ($2.6b) | ($1.3b) | ($2.8b) | ($2.7b) | ($2.7b) | — | |
| Net loss attributable to common stockholders, basic | ($269.4m) | ($705.6m) | ($4.7b) | ($1.3b) | ($2.8b) | ($3.1b) | ($3.7b) | — | |
| Net loss attributable to common stockholders, diluted | — | ($705.6m) | ($4.7b) | ($2.6b) | ($2.8b) | ($3.1b) | ($3.8b) | — | |
| Basic (in shares) | $20.6m | $24.8m | $740.4m | $1.7b | ($1) | ($1) | ($12) | $337.0m | |
| Diluted (in shares) | $20.6m | $24.8m | $740.4m | $1.7b | ($1) | ($1) | ($12) | $338.2m | |
| Change in fair value of common stock warrant liability | ($406k) | ($1.2m) | ($6.9m) | $2.5b | $173.8m | $34.1m | $19.5m | — | |
| Change in fair value of equity securities of a related party | — | — | $0 | $0 | $6.0m | ($43.1m) | ($15.8m) | — | |
| Change in fair value of derivative liabilities associated with redeemable convertible preferred stock (related party) | — | — | — | $0 | $0 | $155.3m | $623.2m | — | |
| Gain on extinguishment of debt | — | — | — | — | $0 | $0 | ($121.8m) | — | |
| Accretion of redeemable convertible preferred stock (related party) | — | — | — | $0 | $0 | ($347.6m) | ($983.6m) | — | |
| Net unrealized gains on investments, net of tax | — | $0 | $0 | ($11.6m) | $12.7m | $1.9m | $3.9m | — | |
| Foreign currency translation adjustments | — | — | $0 | $0 | $3.8m | ($8.9m) | $9.9m | — | |
| Comprehensive loss | ($277.4m) | ($719.4m) | ($2.6b) | ($1.3b) | ($2.8b) | ($2.7b) | ($2.7b) | — | |
| Comprehensive loss attributable to common stockholders | — | — | ($4.7b) | ($1.3b) | ($2.8b) | ($3.1b) | ($3.7b) | — | |
| Total cost and expenses | $262.5m | $603.2m | $1.6b | $3.2b | $3.7b | $3.8b | $4.9b | — | |
| Total other comprehensive income (loss) | — | ($719.4m) | ($2.6b) | ($1.3b) | $16.4m | ($6.9m) | $13.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.