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Lucid Group, Inc. LCID Q4 2025 Annual earnings

Reported February 24, 2026 · After market close

Revenue$522.7MBeat by $63.2M
EPS-$3.62Miss by $1.13
Revenue estimate$459.5M
EPS estimate-$2.49

Next report

Nov 4, 2026 (in a month)
Revenue estimate$468.6M
EPS estimate-$2.31

Financials

Q4 2025

Income statement

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Revenue$522.7M+123%
Gross profit-$421.9M-102%
Operating income-$1.1B-45.3%
Net income-$814.0M-105%
EPS (diluted)-$3.59-76.8%

Balance sheet

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Cash & equivalents$1.0B-35.2%
Total debt$3.9B+56.2%
Total equity$717.3M-81.5%
Total assets$8.4B-13.1%

Cash flow

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Operating cash flow-$916.4M-71.9%
CapEx$325.4M+11.6%
Free cash flow-$1.2B-50.6%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$3.43B-62.3%
Enterprise value$6.25B-37.2%
P/S2.5×-8.7×

Profitability

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Gross margin-92.8%-14.7pp
Operating margin-258.7%-61.0pp
Net margin-199.3%-57.6pp
FCF margin-280.7%-50.4pp

Returns & leverage

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Return on equity-117.6%+947pp
Debt / equity5.4×+4.8×
Current ratio1.3×-2.9×

Segments

By product

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Vehicle Sales From EVs$296.0M—
Electric Vehicle Purchase Agreement$279.2M—
Regulatory Credit$34.2M—
Sale and Leaseback Transactions$15.2M—

By geography

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North America$437.0M+142%
Middle East$80.7M+64.2%
Other international$5.0M+10.9%

By segment

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Reportable Segment$522.7M+123%

FAQ

When did Lucid Group, Inc. report Q4 2025 earnings?
Lucid Group, Inc. (LCID) reported Q4 2025 earnings on February 24, 2026 after market close.
What were Lucid Group, Inc.'s Q4 2025 revenue and EPS?
Lucid Group, Inc. reported revenue of $522.7M and eps of $-3.62 for Q4 2025.
Did Lucid Group, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $459.5M by $63.2M. EPS missed the consensus estimate of $-2.49 by $1.13.
How did Lucid Group, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 122.9% from $234.5M a year earlier and eps declined 1545.5% from $-0.22.
Where can I find Lucid Group, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-011118) and the 10-K periodic report (0001628280-26-011053) directly on SEC EDGAR. The filing index links above go to sec.gov.