Luxury electric vehicle manufacturer producing high-performance EVs with advanced battery technology and autonomous driving capabilities.MoreShow less
Profile & Fundamentals
Lucid Group (LCID.NASDAQ) Profile & Fundamentals
Review Lucid Group reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Lucid Group: Company Profile & Ownership
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. The company is headquartered in Newark, California. Lucid Group, Inc. is a subsidiary of Ayar Third Investment Company.
Company profile record
Lucid Group Inc
Common Stock · Consumer Discretionary · Automobile Manufacturers
Company
- Company / asset
- Lucid Group Inc
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Automobile Manufacturers
- HQ
- 🇺🇸 United States
- Head office
- 7373 Gateway Boulevard, Newark, CA, United States, 94560
Leadership & scale
- Chief executive
- Mr. Silvio Napoli
- CEO year born
- 1965
- Full-time employees
- 9K
- Fiscal year end
- December
- IPO date
- 2020-09-18
Fundamentals snapshot
- Market Cap
- USD 1.3B
- P/E
- --
- Revenue (Q2 26)
- USD 405.3M
- Profit (Q2 26)
- USD -1.3B
- Dividend Yield
- --
- Revenue (FY 25)
- USD 1.4B
- Shares in public float
- 156.5M
- Insider ownership
- 15.45%
Reporting & identifiers
- Symbol
- LCID.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US5494981039
- Asset ID
- equity_67e7b9a6-48a8-5dd1-bbc5-db5727f74fd4
Lucid Group: Ownership
Shares Outstanding
Latest: 382.1M | Max: 382.1M | Min: 2.0M
Latest reported ownership snapshot
Float Shares
40.95%
156.5M latest reported shares
Insider Ownership
15.45%
Latest reported insider stake
Short Float
0.60%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2019-01-01 | 2,000,000 |
| 2020-01-01 | 2,676,500 |
| 2021-01-01 | 163,621,600 |
| 2022-01-01 | 171,295,200 |
| 2023-01-01 | 229,203,200 |
| 2024-01-01 | 284,083,800 |
| 2025-01-01 | 327,366,100 |
| 2026-01-01 | 382,098,600 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| PUBLIC INVESTMENT FUND | 177,088,867 | 44.94% | 2026-06-30 |
| Uber Technologies Inc | 37,753,583 | 9.58% | 2026-06-30 |
| UBS Group AG | 13,355,131 | 3.39% | 2026-06-30 |
| BlackRock Inc | 12,174,275 | 3.09% | 2026-06-30 |
| Vanguard Capital Management, LLC | 8,018,928 | 2.03% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 7,973,235 | 2.02% | 2026-06-30 |
| State Street Corp | 5,254,118 | 1.33% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 5,007,330 | 1.27% | 2026-09-30 |
| Geode Capital Management, LLC | 4,336,269 | 1.1% | 2026-06-30 |
| iShares Russell 2000 ETF | 3,804,527 | 0.97% | 2026-10-29 |
| Vanguard Small Cap Index | 3,549,448 | 0.9% | 2026-09-30 |
| Bank of America Corp | 3,240,305 | 0.82% | 2026-06-30 |
| AQR Capital Management LLC | 2,798,001 | 0.71% | 2026-06-30 |
| Citigroup Inc | 2,063,017 | 0.52% | 2026-06-30 |
| Vanguard MStar Small Cap Growth Indx Inv | 1,975,832 | 0.5% | 2026-09-30 |
Lucid Group: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's latest financial results present a stark contrast between growing top-line sales and catastrophic bottom-line cash destruction. Fiscal 2025 revenue surged over 67% to $1.35 billion, yet operating losses exploded to $3.50 billion, pushing trailing twelve-month net losses past $4.08 billion by mid-2026. This severe disconnect proves that every vehicle sold currently consumes more cash than it brings in. Production costs, warranty charges, and unabsorbed factory overhead far outpace vehicle pricing. Top-line revenue expansion without unit-level cost control simply accelerates cash depletion rather than moving the company closer to financial independence.
The company's latest financial results present a stark contrast between growing top-line sales and catastrophic bottom-line cash destruction. Fiscal 2025 revenue surged over 67% to $1.35 billion, yet operating losses exploded to $3.50 billion, pushing trailing twelve-month net losses past $4.08 billion by mid-2026. This severe disconnect proves that every vehicle sold currently consumes more cash than it brings in. Production costs, warranty charges, and unabsorbed factory overhead far outpace vehicle pricing. Top-line revenue expansion without unit-level cost control simply accelerates cash depletion rather than moving the company closer to financial independence.
Revenue, Net Income, and Free Cash Flow
Latest: USD 1.4B | Max: USD 1.4B | Min: USD -3.8B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability remains severely broken, with fiscal 2025 gross margins printing at negative 92.8% and operating margins submerged at negative 259%. Selling high-end luxury vehicles at massive unit losses demonstrates an acute absence of basic manufacturing economies of scale. Exorbitant battery input expenses, aggressive retail leasing discounts to counter lost government subsidies, and idle factory depreciation in Arizona drive this deficit. The company holds virtually zero pricing power against entrenched luxury competitors. Until factories produce hundreds of thousands of vehicles annually, profit margins will remain deeply negative.
Profitability remains severely broken, with fiscal 2025 gross margins printing at negative 92.8% and operating margins submerged at negative 259%. Selling high-end luxury vehicles at massive unit losses demonstrates an acute absence of basic manufacturing economies of scale. Exorbitant battery input expenses, aggressive retail leasing discounts to counter lost government subsidies, and idle factory depreciation in Arizona drive this deficit. The company holds virtually zero pricing power against entrenched luxury competitors. Until factories produce hundreds of thousands of vehicles annually, profit margins will remain deeply negative.
Profitability Margins
Latest: -92.8% | Max: 22.8% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
-92.8%
Gross profit / revenue
Operating Margin
-258.7%
Operating income / revenue
Net Margin
-199.3%
Net income / revenue
FCF Margin
-282.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-12-31 | 4,590,000 | -277,357,000 | -339,589,000 |
| 2020-12-31 | 3,976,000 | -719,380,000 | -1,029,778,000 |
| 2021-12-31 | 27,111,000 | -2,579,761,000 | -1,479,353,000 |
| 2022-12-31 | 608,181,000 | -1,304,460,000 | -3,301,110,000 |
| 2023-12-31 | 595,271,000 | -2,828,420,000 | -3,400,397,000 |
| 2024-12-31 | 807,832,000 | -2,713,942,000 | -2,903,515,000 |
| 2025-12-31 | 1,353,790,000 | -2,698,051,000 | -3,827,883,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-12-31 | 14.47 | -5,619.48 | -6,042.64 | -7,398.45 |
| 2020-12-31 | 22.79 | -15,071.1 | -18,093.06 | -25,899.85 |
| 2021-12-31 | -471.34 | -5,645.11 | -9,515.55 | -5,456.65 |
| 2022-12-31 | -170.66 | -426.52 | -214.49 | -542.78 |
| 2023-12-31 | -225.24 | -520.7 | -475.15 | -571.24 |
| 2024-12-31 | -114.27 | -373.94 | -335.95 | -359.42 |
| 2025-12-31 | -92.81 | -258.66 | -199.3 | -282.75 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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