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Lucid Group, Inc.

Lucid Group, Inc.

NASDAQ•LCID
CEO: Mr. Peter Dore Rawlinson
Sector: Consumer Cyclical
Industry: Auto - Manufacturers
Listing Date: 2020-09-18
Lucid Group, Inc. a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. 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. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California. Lucid Group, Inc. operates as a subsidiary of Ayar Third Investment Company.
Contact Information
7373 Gateway Boulevard, Newark, CA, 94560, United States
510-648-3553
www.lucidmotors.com
Market Cap
$5.52B
P/E (TTM)
-2.4
225.8
Dividend Yield
--
52W High
$36.40
52W Low
$15.25
52W Range
13%
2.2
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q3 2025 Data

Revenue

$0.00-100.00%
4-Quarter Trend

EPS

-$3.31-19.27%
4-Quarter Trend

FCF

-$369.71M-40.61%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Strong Nine months revenue reached $831.06M USD, marking a 45% increase compared to $573.36M USD prior year period.
Net Loss Significantly Reduced Nine months net loss improved to $(1.88B) USD from $(2.32B) USD previously; diluted EPS loss narrowed to $(8.50) USD.
Debt Extinguishment Gain Recorded $116.4M USD gain on extinguishment of debt from repurchasing 2026 Notes using 2030 Notes proceeds.
Cash Position Maintained Ending cash, equivalents, and restricted cash totaled $1.67B USD as of September 30, 2025, despite increased operating cash use.

Risk Factors

High Operating Cash Burn Cash used in operating activities increased 36% to $(2.02B) USD for nine months, straining liquidity reserves.
Inventory Write-Downs Impact Recorded $528.5M USD inventory write-downs for 9M 2025, driven by Gravity ramp-up anticipation and tariff impacts.
Future Financing Required Future growth and expansion plans require additional capital; securing financing on commercially reasonable terms remains uncertain.
Manufacturing Scale Challenges Scaling production capacity, especially AMP-2 CBU construction, faces risks from supply chain disruptions and regulatory approvals.

Outlook

Midsize Platform Launch Planned Planning for upcoming Midsize platform start of production scheduled for late 2026, leveraging current vehicle insights.
Manufacturing Capacity Expansion Capital expenditures expected to increase to support continued construction of AMP-2 CBU portion and AMP-1 expansion.
Direct-to-Consumer Investment Continue significant investment in sales, service, and marketing operations to support direct-to-consumer model growth.
Credit Facility Increased Subsequent event: Entered 2025 DDTL Credit Facility in November 2025, increasing commitment from $750.0M to $1.98B.

Peer Comparison

Revenue (TTM)

CarMax, Inc.KMX
$26.37B
+1.8%
Boyd Gaming CorporationBYD
$4.07B
+5.9%
H&R Block, Inc.HRB
$3.76B
+4.2%

Gross Margin (Latest Quarter)

Light & Wonder, Inc.LNW
72.9%
+1.8 pp
H&R Block, Inc.HRB
52.0%
-0.3 pp
Allison Transmission Holdings, Inc.ALSN
47.5%
-0.6 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VFS$7.95B-2.647.1%45.5%
HRB$6.89B11.4-180.2%62.1%
IBP$6.83B26.737.8%48.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $0.00-100.0%
    |
    EPS: $-3.31-19.3%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $259.43M+29.3%
    |
    EPS: $-2.40-29.4%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $235.05M+36.1%
    |
    EPS: $-2.40-20.0%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $807.83M+35.7%
    |
    EPS: $-12.50+8.1%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $200.04M+45.2%
    |
    EPS: $-4.10+46.4%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $200.58M+32.9%
    |
    EPS: $-3.40-15.0%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $172.74M+15.6%
    |
    EPS: $-3.00-30.2%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $595.27M-2.1%
    |
    EPS: $-13.60-74.4%
    Meet