The financials
Lucid Group, Inc. by the numbers
Lucid Group, Inc. (LCID) reported revenue of $282M in Q1 2026 (quarter ended March 31, 2026), up 20% from the same quarter a year earlier. That came with a gross margin of −110% and net loss of $1.03B. For the full year FY2025, revenue was $1.35B (+68% year on year) and net income −$2.70B. Its largest product in 2026-Q2 was Vehicle Sales Without RVG at $351M, 72% of the disclosed total, just ahead of Electric Vehicle Purchase Agreement at 20%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $282M | $235M | +20% |
| Gross profit | −$312M | −$229M | n/a |
| Operating income | −$989M | −$692M | n/a |
| Net income | −$1.03B | −$366M | n/a |
| Diluted EPS | −$3.46 | −$2.41 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Vehicle Sales Without RVG | $351M | 72% |
| Electric Vehicle Purchase Agreement | $96M | 20% |
| Regulatory Credits | $25M | 5.2% |
| Sale And Leaseback Transactions | $17M | 3.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $488.8M (+45%)
Electric Vehicle Purchase Agreement grew +219% year on yearSale And Leaseback Transactions -13% year on year
Segment Latestquarter on quarteryear on year
- Vehicle Sales Without RVG$350.6M$350.6MQoQ +32%year on year +57%+32%+57%
- Electric Vehicle Purchase Agreement$96.2M$96.2MQoQ +151%year on year +219%+151%+219%
- Regulatory Credits$25.4M$25.4MQoQ -year on year +36%-+36%
- Sale And Leaseback Transactions$16.6M$16.6MQoQ -52%year on year -13%-52%-13%
- Vehicle Sales With RVG--QoQ -year on year ---
Auto Manufacturers
Ranks #12 of 12 by Smart Score