Lucid Group, Inc. (LCID) Stock Analysis
Consumer Cyclical · Auto Manufacturers · NasdaqGS
Lucid Group, Inc. (LCID) posted $1.35B in revenue for fiscal 2025 (up 67.6% year over year), with a net loss of $2.70B, and has compounded revenue about 220.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Lucid Group, Inc.
Lucid Group, Inc. has grown revenue from $4.59M to $1.35B over the last 7 fiscal years, compounding about 220.9% a year. The most recent year was up 67.6%, so growth has cooled from its longer-run pace.
Net margin sits at -199.3%, up 136.7 points year over year on a -92.8% gross margin. It carries about $2.72B of total debt.
The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from Lucid Group, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Lucid Group, Inc. revenue & earnings — last 7 fiscal years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.59M | $3.98M | $27.11M | $608.18M | $595.27M | $807.83M | $1.35B |
| Gross profit | $664,000 | $906,000 | $-127.79M | $-1.04B | $-1.34B | $-923.11M | $-1.26B |
| Net income | $-277.36M | $-719.38M | $-2.58B | $-1.30B | $-2.83B | $-2.71B | $-2.70B |
| Net margin | -6042.6% | -18093.1% | -9515.6% | -214.5% | -475.1% | -336.0% | -199.3% |
Source: Lucid Group, Inc. SEC filings (10-K).
Lucid Group, Inc.: 4 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 172.1% versus revenue 67.6% — possible overproduction or softening demand.
- Share count rising (dilution)Shares outstanding grew 98.7% over 4 years (164.8M → 327.4M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $3390.1M of debt while last year's operating cash flow was negative ($-2931.9M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -199.3%).
Explore 7 years of Lucid Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Lucid Group, Inc. financial history by metric
About Lucid Group, Inc.
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.
Lucid Group, Inc. — frequently asked questions
What is Lucid Group, Inc.'s revenue?
Lucid Group, Inc. (LCID) reported revenue of $1.35B for fiscal year 2025, up 67.6% from the prior year, according to its SEC filings.
Is Lucid Group, Inc. profitable?
No — LCID reported a net loss of $-2.70B in fiscal 2025.
What is LCID's P/E ratio?
Lucid Group, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Lucid Group, Inc. growing?
LCID's revenue grew at roughly 220.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Lucid Group, Inc. have?
As of fiscal year 2025, LCID carried roughly $2.72B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Lucid Group, Inc.'s gross margin?
LCID's gross margin was -92.8% in fiscal 2025 — gross profit of $-1.26B on revenue of $1.35B.
What is Lucid Group, Inc.'s market cap?
Lucid Group, Inc. (LCID) has a market capitalization of about $1.89B, based on the latest data in our nightly-refreshed cache.
When does Lucid Group, Inc.'s fiscal year end?
LCID's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Lucid Group, Inc.'s official SEC filings (10-K and 10-Q), covering 7 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.