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Lucid Group, Inc. LCID Business Segments — Workforce reduction charges
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Where this comes from
Reported directly by Lucid Group, Inc. in its filing.
Tagged under the XBRL concept lcid:WorkforceReductionCharges.
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 item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Cost of revenue | 594,170 | 463,560 |
| Research and development | 335,670 | 251,246 |
| Selling, general and administrative | 304,176 | 212,175 |
| Workforce reduction charges | 37,934 | — |
| Total cost and expenses | 1,271,950 | 926,981 |
| Loss from operations | (989,485) | (691,933) |
| Other income (expense), net | ||
| Change in fair value of common stock warrant liability | — | 12,861 |
Item 1. Condensed Consolidated Financial Statements (Unaudited)
FAQ
- What is Lucid Group, Inc.'s business segments — workforce reduction charges?
- Lucid Group, Inc. (LCID) reported business segments — workforce reduction charges of $37.93M in Q1 2026.
- What does business segments — workforce reduction charges mean?
- These are non-recurring costs associated with restructuring the segment's workforce, including severance and related termination benefits. Such charges often indicate a strategic shift to optimize operational efficiency or reduce overhead during periods of transition.
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