Lucid Group, Inc. LCID Vehicle Sales with RVG — Concentration risk (as a percent)
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Where this comes from
Reported directly by Lucid Group, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.
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
The Company provides a residual value guarantee to its commercial banking partners in connection with its vehicle leasing program. Related vehicle sales represented approximately 41% and 57% of total revenue during the three months ended March 31, 2026 and 2025, respectively. Under the vehicle leasing program, the Company recognizes revenue when control transfers upon delivery when the consumer-lessee takes physical possession of the vehicle, and bifurcates the RVG at fair value and accounts for it as a reduction to revenue and a guarantee liability. The remaining amount of the transaction price is allocated among the performance obligations. Any fees or incentives that are paid or payable by the Company to commercial banking partners are recognized as a reduction to vehicle sales revenue.
Item 1. Condensed Consolidated Financial Statements (Unaudited)
FAQ
- What is Lucid Group, Inc.'s vehicle sales with RVG — concentration risk (as a percent)?
- Lucid Group, Inc. (LCID) reported vehicle sales with RVG — concentration risk (as a percent) of 41% in Q1 2026.
- How has Lucid Group, Inc.'s vehicle sales with RVG — concentration risk (as a percent) changed year-over-year?
- Lucid Group, Inc.'s vehicle sales with RVG — concentration risk (as a percent) decreased by 28.1% year-over-year, from 57% to 41%.
- What does vehicle sales with RVG — concentration risk (as a percent) mean?
- This metric measures the proportion of total vehicle sales under Residual Value Guarantee (RVG) programs that are attributed to a single customer or a concentrated group of related parties. It serves as a key indicator of counterparty risk, highlighting the company's exposure to potential financial instability or demand shifts from specific major clients. Monitoring this concentration helps investors assess the stability of revenue streams derived from specialized financing or lease-like arrangements.
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