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Lucid Group, Inc. LCID Business Segments — Fair Value Adjustment of Warrants

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Other financials

Income statement

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Revenue$405.3M+56.2%
Gross profit-$426.7M-56.7%
Operating income-$1.1B-34.8%
Net income-$1.0B-91.8%
EPS (diluted)-$3.30-1,079%

Balance sheet

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Cash & equivalents$732.6M-59.2%
Total debt$3.4B+22.6%
Total equity-$1.1B-144%
Total assets$7.7B-13.2%

Cash flow

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Operating cash flow-$1.2B-47.2%
CapEx$253.8M+39.0%
Free cash flow-$1.5B-45.7%

Valuation

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Market cap$2.75B-59.0%
Enterprise value$5.38B-29.8%
P/S1.8×-5.5×

Profitability

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Gross margin-96.6%-2.6pp
Operating margin-263.6%-40.8pp
Net margin-249.2%+2.2pp
FCF margin-330.4%+2.1pp

Returns & leverage

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Return on equity-117.6%+947pp
Debt / equity5.4×+4.8×
Current ratio1.1×-1.4×

Where this comes from

Reported directly by Lucid Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:FairValueAdjustmentOfWarrants.

The source filing: Lucid Group, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:09 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030517
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Total cost and expenses1,271,950926,981
Loss from operations(989,485)(691,933)
Other income (expense), net
Change in fair value of common stock warrant liability12,861
Change in fair value of equity securities of a related party(10,221)(13,453)
Change in fair value of derivative liabilities associated with redeemable convertible preferred stock (related party)7,375281,700
Interest income13,10452,209
Interest expense (including $11,309 and $3,700 to a related party for the three months ended March 31, 2026 and 2025, respectively)(41,073)(11,883)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Lucid Group, Inc.'s business segments — fair value adjustment of warrants?
Lucid Group, Inc. (LCID) reported business segments — fair value adjustment of warrants of $0 in Q1 2026.
How has Lucid Group, Inc.'s business segments — fair value adjustment of warrants changed year-over-year?
Lucid Group, Inc.'s business segments — fair value adjustment of warrants increased by 100.0% year-over-year, from -$12.86M to $0.
What is the long-term trend for Lucid Group, Inc.'s business segments — fair value adjustment of warrants?
Over 3 years (2022 to 2025), Lucid Group, Inc.'s business segments — fair value adjustment of warrants has grown at a -75.0% compound annual growth rate (CAGR), from -$1.25B to -$19.51M.
What does business segments — fair value adjustment of warrants mean?
This represents the non-cash gain or loss resulting from the periodic revaluation of outstanding warrant liabilities. Changes in this value are driven by fluctuations in the company's stock price and volatility, impacting the reported net income without affecting cash flow.

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