For the year ending 2025-12-31, LCID made $1,353,790K in revenue. -$3,789,155K in net income. Net profit margin of -279.89%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue (including 144,034, 174,204, and 43,714 from a related party for the years ended december31, 2025, 2024, and 2023, respectively) | 1,353,790 | 807,832 | 595,271 | 608,181 |
| Cost of revenue | 2,610,176 | 1,730,943 | 1,936,066 | 1,646,086 |
| Research and development | 1,211,397 | 1,176,453 | 937,012 | 821,512 |
| Selling, general and administrative | 1,033,970 | 900,952 | 797,235 | 734,574 |
| Restructuring charges | 0 | 20,304 | 24,546 | - |
| Total cost and expenses | 4,855,543 | 3,828,652 | 3,694,859 | 3,202,172 |
| Loss from operations | -3,501,753 | -3,020,820 | -3,099,588 | -2,593,991 |
| Change in fair value of forward contracts | - | - | - | 0 |
| Change in fair value of common stock warrant liability | -19,514 | -34,150 | - | - |
| Change in fair value of stock warrants liability-Convertible Preferred Stock Warrant Liability | - | - | - | 0 |
| Change in fair value of equity securities of a related party | -15,785 | -43,057 | - | - |
| Change in fair value of stock warrants liability-Common Stock Warrant Liability | - | - | - | -1,254,218 |
| Change in fair value of derivative liabilities associated with redeemable convertible preferred stock (related party) | 623,225 | 155,350 | - | - |
| Transaction costs expensed | - | - | - | 0 |
| Gain on extinguishment of debt | 121,765 | - | - | - |
| Interest income | 156,443 | 213,026 | - | 56,756 |
| Interest expense | - | - | - | 30,596 |
| Interest expense (including 24,250, 6,980, and 2,159 to related parties for the years ended december31, 2025, 2024, and 2023, respectively) | 95,101 | 32,923 | - | - |
| Other expense, net | -8,692 | -18,469 | - | 9,532 |
| Total other income, net | 801,369 | 308,077 | 272,194 | 1,289,910 |
| Loss before provision for (benefit from) income taxes | -2,700,384 | -2,712,743 | -2,827,394 | -1,304,081 |
| Provision for (benefit from) income taxes | -2,333 | 1,199 | 1,026 | 379 |
| Net loss | -2,698,051 | -2,713,942 | -2,828,420 | -1,304,460 |
| Deemed contribution related to repurchase of convertible preferred stock-Series BPreferred Stock | - | - | - | 0 |
| Deemed contribution related to repurchase of convertible preferred stock-Series CPreferred Stock | - | - | - | 0 |
| Accretion of redeemable convertible preferred stock (related party) | 983,648 | 347,610 | 0 | 0 |
| Net loss attributable to common stockholders, basic | -3,681,699 | -3,061,552 | -2,828,420 | -1,304,460 |
| Interest expense on 2026 notes | 14,309 | - | - | - |
| Gain on extinguishment of debt | -121,765 | 0 | 0 | -1,254,218 |
| Net loss attributable to common stockholders, diluted | -3,789,155 | -3,061,552 | -2,828,420 | -2,558,678 |
| Basic EPS | -11.81 | -1.25 | -1.36 | -0.78 |
| Diluted EPS | -12.09 | -1.25 | -1.36 | -1.51 |
| Basic Average Shares | 311,680,046 | 2,445,176,539 | 2,081,772,622 | 1,678,346,079 |
| Diluted Average Shares | 313,400,136 | 2,445,176,539 | 2,081,772,622 | 1,693,258,608 |
Lucid Group, Inc. (LCID)
Lucid Group, Inc. (LCID)