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Lucid Group, Inc. (LCID) stock

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NASDAQ: LCID Nasdaq Automobile Manufacturers Next results ~November 9, 2026

D Fundamentals grade

Lucid Group, Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$4.9

Forward price-to-sales vs peers

Base case. Range ~$3.2–$17. Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Lucid Group, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds210 adding, 113 cuttingOf 30 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Lucid Group files

Where Lucid stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.55bn, up 66.5% on a year earlier, faster than the 61.0% growth a quarter earlier. Free-cash-flow margin fell to -330.4% from -328.3% a year earlier. Operating margin widened to -263.6% from -322.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 5 financial-health checks. Our price-to-sales vs peers value is $1.82 a share, against a share price of $3.48.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Lucid Group, Inc.'s trailing-twelve-month revenue grew 66.5% year on year, with a free-cash-flow margin of -330.4%. Where it stands out: revenue growth of 66.5% ranks 2 of 23 automobile manufacturers companies we cover. Where it lags: gross margin of -96.6% ranks 21 of 21 automobile manufacturers companies we cover.

Current signal Operating margin expanding: TTM operating margin reached -263.6%, up 59.2pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 66.5% over the last 12 months, against a median of 1.7% for automobile manufacturers companies we cover.
  • Growth speeding up. The growth rate is 5.5 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 59.2 points on a year ago.

Things to watch

  • Loss-making. Operating margin is -263.6%: costs exceed revenue.
  • Burning cash. Free cash flow was -330.4% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 19.1% of revenue, against a median of 1.1% for automobile manufacturers companies we cover: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 85% and a beta of 2.3 against the S&P 500.
  • Below peers: gross margin. Gross margin of -96.6% ranks 21 of 21 automobile manufacturers companies we cover (median 13.0%).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 33.1% ranks 16 of 18 automobile manufacturers companies we cover (median 16.3%).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
-$2.78 against an average estimate of -$2.41: missed by 15.3%
Revenue
$405m, up 56.2% on a year earlier
Share reaction
+0.7% in the first session after the results on October 5, 2026, against +1.2% for the S&P 500
Guidance given
cash flow improvements $1.4bn (2026)
Next report
November 9, 2026; average EPS estimate -$2.21

Lucid Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.7%
  • 1 week-11.8%
  • 1 month-27.4%
  • This year-71.6%
  • 1 year-83.1%
  • 5 years-99.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.5B
Operating margin
-263.6%
Net margin
-249.2%
EPS (TTM, diluted)
$-11.39

Growth

Revenue growth
+66.5%
Change in growth rate
+5.5 pts

Cash

Free cash flow (TTM)
-$5.1B
FCF margin
-330.4%
Stock pay % of revenue
19.1%

Earnings

Last results
October 5, 2026

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Financing

    Lucid draws $400m from existing loan facility

    Lucid Group, Inc. said it drew $400 million from its Delayed Draw Term Loan facility on October 6, 2026. The company noted that the total outstanding principal under the facility is now approximately $2.1 billion. Lucid stated that approximately $400 million of additional borrowing capacity remains available.

    SEC 8-KRead source ↗
  2. Results
  3. Guidance
  4. Leadership
  5. Leadership
  6. Announcement
  7. Results
  8. Announcement
  9. Financing

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Lucid Group, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Lucid Group, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.22 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$4.9 ~$3.2–$17 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$4.9 ~$3.2–$17 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lucid Group, Inc. with Automobile Manufacturers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$100.10$380.50$68.30$42.10$30.20$10.57$3.00
Market value$248.5bn$28.2bn$11.6bn$8.8bn$7.4bn$3.3bn$1.0bn
+ Net debt (− = net cash)−$613m−$4.3bn$266m$700m$648m$1.7bn$2.5bn
Enterprise value$247.9bn$23.9bn$11.8bn$9.5bn$8.0bn$5.0bn$3.5bn
Multiples
Price / sales n/mn/m19.0x14.7x9.1x2.4x0.7x
Price / earnings ———————
Price / free cash flow ———————
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

8 /100

Weak moat

How hard Lucid Group's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -22.4% of total assets over 5 years.

  • Pricing power 0 / 20

    Gross margin has been a median -130.9%, moving by 95.0 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -427.2%; its worst year was -20415.8%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -435.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (12 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $399m and EPS of −$2.21 (range −$2.41 to −$2.02) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$9.49 +6% $1.5bn +14%
Next −$5.02 +47% $3.5bn +125%

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$2.41 −$2.78 −15.3%
Mar 2026 −$2.30 −$2.82 −22.8%
Dec 2025 −$2.67 −$3.08 −15.2%
Sept 2025 −$2.20 −$2.65 −20.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 5, 2026
  • cash flow improvements 2026 about $1.4bn Maintained
    “Deliveries exceeded production as the company continued to execute its planned inventory reduction, converting existing vehicle inventory into customer deliveries as part of the previously announced operating reset targeting $1.4 billion of cash flow improvements in 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

11 analysts, Oct 2026
Buy19%
Hold764%
Sell327%

Monthly trend

  1. Oct 2026171211
  2. Sep 2026171211
  3. Aug 2026171211
  4. Jul 2026181212

Counts of recommendations published by analysts covering Lucid Group, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
57.2%
of tradable shares
Days to cover
8.47
at average volume
Short interest, 1 month
+25%
to September 30, 2026
Held by institutions
68%
of shares
Held by insiders
15.4%
of shares
Employees
9,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −83.1%

$17.75 on October 31, 2025 to $3.00

ThenNowEffect
Revenue (last 12 months) $929m $1.5bn +66.5%
P/S multiple 5.1x 0.7x −87.2%
Share count 268m 339m −20.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LCID+280%−82%−38%−28%−65%−72%
Industry peers (median)+18%−42%+8%−43%−39%−44%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LCID50%25%25%33%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LCID−70%−86%−71%−53%−70%−74%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since September 18, 2020: 100% from February 18, 2021 to November 2, 2026. Getting back needed a 19250% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.00 – $17.96
From 52-week high
−83.3%
vs 50-day average
−25.2%
vs 200-day average
−56.1%
Volatility (1 year)
85%
Beta vs S&P 500
2.34

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±7.4%
After a week
4 up, 8 down
typical move ±11.4%
After a month
3 up, 8 down
typical move ±23.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 5, 2026 +0.7% +1.2% −16.8% —
August 4, 2026 −13.0% +1.6% −13.0% −38.8%
July 2, 2026 +0.5% +0.7% −16.3% +16.1%
May 5, 2026 −7.5% +2.2% −10.2% −15.1%
April 14, 2026 −11.1% +2.0% −23.1% −30.8%
April 3, 2026 −6.3% +0.5% −13.9% −32.8%
February 24, 2026 +8.9% +1.6% +7.1% +13.1%
January 5, 2026 +4.0% +1.3% +1.0% −6.9%
November 5, 2025 +9.8% −0.7% +1.4% −18.0%
October 6, 2025 −11.1% 0.0% −13.6% −34.0%
August 5, 2025 −9.3% +0.3% −5.8% −32.9%
July 2, 2025 +6.4% +1.2% +14.8% +19.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Lucid Group, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Lucid Group, Inc.
$500M $1B $1.5B $2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $695.8M Revenue (TTM), FY23 Q4: $595.3M Revenue (TTM), FY24 Q1: $618.6M Revenue (TTM), FY24 Q2: $668.3M Revenue (TTM), FY24 Q3: $730.5M Revenue (TTM), FY24 Q4: $807.8M Revenue (TTM), FY25 Q1: $870.1M Revenue (TTM), FY25 Q2: $929M Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.4B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.5B $1.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $695.8M
FY23 Q4 $595.3M
FY24 Q1 $618.6M
FY24 Q2 $668.3M
FY24 Q3 $730.5M
FY24 Q4 $807.8M
FY25 Q1 $870.1M
FY25 Q2 $929M
FY25 Q3 $1.1B
FY25 Q4 $1.4B
FY26 Q1 $1.4B
FY26 Q2 $1.5B
Revenue growth, TTM YoY Lucid Group, Inc.
-50% 0% 50% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 84.6% Revenue growth, TTM YoY, FY23 Q4: -2.1% Revenue growth, TTM YoY, FY24 Q1: -11.6% Revenue growth, TTM YoY, FY24 Q2: -11.3% Revenue growth, TTM YoY, FY24 Q3: 5.0% Revenue growth, TTM YoY, FY24 Q4: 35.7% Revenue growth, TTM YoY, FY25 Q1: 40.7% Revenue growth, TTM YoY, FY25 Q2: 39.0% Revenue growth, TTM YoY, FY25 Q3: 45.9% Revenue growth, TTM YoY, FY25 Q4: 67.6% Revenue growth, TTM YoY, FY26 Q1: 61.0% Revenue growth, TTM YoY, FY26 Q2: 66.5% 66.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 84.6%
FY23 Q4 -2.1%
FY24 Q1 -11.6%
FY24 Q2 -11.3%
FY24 Q3 5.0%
FY24 Q4 35.7%
FY25 Q1 40.7%
FY25 Q2 39.0%
FY25 Q3 45.9%
FY25 Q4 67.6%
FY26 Q1 61.0%
FY26 Q2 66.5%
Operating margin (TTM) Lucid Group, Inc.
-600% -400% -200% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -447.3% Operating margin (TTM), FY23 Q4: -520.7% Operating margin (TTM), FY24 Q1: -494.3% Operating margin (TTM), FY24 Q2: -450.0% Operating margin (TTM), FY24 Q3: -414.1% Operating margin (TTM), FY24 Q4: -373.9% Operating margin (TTM), FY25 Q1: -342.8% Operating margin (TTM), FY25 Q2: -322.8% Operating margin (TTM), FY25 Q3: -297.5% Operating margin (TTM), FY25 Q4: -258.7% Operating margin (TTM), FY26 Q1: -271.1% Operating margin (TTM), FY26 Q2: -263.6% -263.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -447.3%
FY23 Q4 -520.7%
FY24 Q1 -494.3%
FY24 Q2 -450.0%
FY24 Q3 -414.1%
FY24 Q4 -373.9%
FY25 Q1 -342.8%
FY25 Q2 -322.8%
FY25 Q3 -297.5%
FY25 Q4 -258.7%
FY26 Q1 -271.1%
FY26 Q2 -263.6%
FCF margin (TTM) Lucid Group, Inc.
-600% -400% -200% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -516.2% FCF margin (TTM), FY23 Q4: -571.2% FCF margin (TTM), FY24 Q1: -496.7% FCF margin (TTM), FY24 Q2: -435.4% FCF margin (TTM), FY24 Q3: -386.8% FCF margin (TTM), FY24 Q4: -359.4% FCF margin (TTM), FY25 Q1: -319.3% FCF margin (TTM), FY25 Q2: -328.3% FCF margin (TTM), FY25 Q3: -317.5% FCF margin (TTM), FY25 Q4: -280.7% FCF margin (TTM), FY26 Q1: -331.8% FCF margin (TTM), FY26 Q2: -330.4% -330.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -516.2%
FY23 Q4 -571.2%
FY24 Q1 -496.7%
FY24 Q2 -435.4%
FY24 Q3 -386.8%
FY24 Q4 -359.4%
FY25 Q1 -319.3%
FY25 Q2 -328.3%
FY25 Q3 -317.5%
FY25 Q4 -280.7%
FY26 Q1 -331.8%
FY26 Q2 -330.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 5 4 27 608 595 808 1,354 1,547
Gross profit 1 1 −128 −1,038 −1,341 −923 −1,256 −1,494
EBITDA — — — −2,407 −2,866 −2,726 −3,051 −3,598
Operating income −258 −599 −1,530 −2,594 −3,100 −3,021 −3,502 −4,078
Net income −277 −719 −2,580 −1,304 −2,828 −2,714 −2,698 −3,856
Diluted EPS −$130.80 −$284.20 −$64.10 −$15.10 −$13.59 −$12.52 −$12.09 −$11.39
Growth (year on year)
Revenue — −13.4% +581.9% +>999% −2.1% +35.7% +67.6% +66.5%
Margins
Gross margin 14.5% 22.8% −471.3% −170.7% −225.2% −114.3% −92.8% −96.6%
EBITDA margin — — — −395.8% −481.5% −337.4% −225.3% −232.5%
Operating margin <−999% <−999% <−999% −426.5% −520.7% −373.9% −258.7% −263.6%
Net margin <−999% <−999% <−999% −214.5% −475.1% −336.0% −199.3% −249.2%
Free-cash-flow margin <−999% <−999% <−999% −542.8% −571.2% −359.4% −280.7% −330.4%
Cash flow
Cash from operations −235 −570 −1,058 −2,226 −2,490 −2,020 −2,932 −4,081
Capital spending 104 460 421 1,075 911 884 868 1,031
Free cash flow −340 −1,030 −1,479 −3,301 −3,400 −2,904 −3,800 −5,112
Stock-based pay 8 5 517 424 257 286 271 295
Free cash flow after stock pay −347 −1,034 −1,996 −3,725 −3,658 −3,189 −4,071 −5,407
Balance sheet
Cash 380 614 6,263 1,736 1,370 1,607 998 733
Total debt 0 1 1,987 2,001 2,069 2,255 2,718 3,254
Net debt (negative = net cash) −380 −613 −4,276 266 700 648 1,720 2,521
Diluted shares 2m 2,483m 74m 169m 208m 245m 313m 339m
Returned to shareholders
Buybacks 0 0 21 0 0 — — —
Total returned 0 0 21 0 0 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $7.7bn
Short-term assets $2.8bnLonger-term assets $4.9bn
What it owes, and who funded it · $5.9bn
Short-term liabilities $2.4bnLonger-term liabilities $3.4bnShareholders' equity $-1.1bn
  • Short-term assets cover short-term liabilities $2.8bn of assets due within a year against $2.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.8bn short-term assets against $3.4bn of longer-dated liabilities.
  • More cash than debt $733m of cash against $3.3bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$4.1bn of operating cash flow against $3.3bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$4.1bn against $148m of interest.

From Lucid Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
86.8%
of revenue
Sales & admin spending
75.6%
of revenue
Days sales outstanding
53 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automobile manufacturers
Last 12 months unless stated LCID WGO PSNY NIU LOT RIVN Median
Revenue, last 12 months $1.5bn $2.7bn $3.1bn $599m $519m $6.5bn $6.5bn
Revenue growth, last 12 months 66.5% −3.4% 50.3% 31.2% −43.8% 11.1% 1.7%
Revenue growth, 3-year average 27.1% −8.2% — — — 19.7% 2.7%
Revenue growth, latest quarter 56.2% −17.0% — — — 38.3% −2.0%
Gross margin −96.6% 13.0% −35.4% 19.6% 8.7% 9.2% 13.3%
Operating margin −263.6% 2.4% −65.7% −2.0% −81.5% −52.9% −16.2%
Operating margin, 3-year average −345.4% 2.6% — −4.6% — −78.2% 0.0%
Net margin −249.2% 1.3% −77.1% −0.9% −89.4% −45.9% −14.5%
Cash from operations / revenue −263.8% 6.2% −29.9% 8.2% −64.3% −40.6% 3.4%
Free-cash-flow margin −330.4% 5.3% −35.1% 4.1% −79.6% −64.7% 2.1%
Free-cash-flow margin, 3-year average −364.7% 4.0% — — — −61.8% 4.0%
Stock pay / revenue 19.1% 0.6% — 0.6% 0.4% 12.2% 1.1%
Change in share count — 0.4% 31.5% 0.8% 0.5% 14.9% 0.5%

Median of all 23 companies we cover in automobile manufacturers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 automobile manufacturers companies
Measure Company Peer median Rank
Revenue growth Growth 66.5% 1.7% 2 of 23
Change in growth rate Growth +5.5pp -2.1pp 7 of 23
Gross margin Profitability -96.6% 13.0% 21 of 21
Operating margin Profitability -263.6% -16.0% 21 of 22
Net margin Profitability -249.2% -14.5% 22 of 23
Free-cash-flow margin Cash generation -330.4% 2.4% 21 of 22
Stock pay as % of revenue Cash generation 19.1% 1.1% 13 of 15
Long-term debt as % of assets Balance sheet 33.1% 16.3% 16 of 18
Days sales outstanding Balance sheet 53 days 34 days 13 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Vehicle Sales From E Vs $1.2B 87.6% ▲ 57.3%
Regulatory Credits $96M 7.1% ▲ 215.8%
Sale and Leaseback Transactions $70.9M 5.2% —
Geography
Region Revenue YoY
North America $1.2B ▲ 95.1%
United States $1.1B ▲ 94.5%
Middle East $164M ▼ 15.7%
SA $162M ▼ 15.3%
Other International $23.5M ▲ 49.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From Lucid Group, Inc.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2B
Institutions reporting
367
Shares held vs prior quarter
▲ 20.8%
Positions opened / closed
80 / 59

Top buyers and sellers, Q2 2026: 210 institutions bought and 113 sold ; the biggest buyer was Uber Technologies, Inc (+24.0M shares) and the biggest seller BNP Paribas Financial Markets (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Public Investment Fund $1.2B 177.1M 58.0% 0.0%
Uber Technologies, Inc $253M 37.8M 12.4% ▲ 175.3%
UBS Group AG $89.3M 13.4M 4.4% ▲ 46.1%
Blackrock, Inc. $81.4M 12.2M 4.0% ▲ 94.3%
Vanguard Capital Management LLC $53.6M 8.0M 2.6% ▲ 33.2%
Vanguard Portfolio Management LLC $53.3M 8.0M 2.6% ▲ 50.7%
State Street Corp $35.2M 5.3M 1.7% ▲ 97.5%
Geode Capital Management, LLC $29M 4.3M 1.4% ▲ 67.5%
Bank Of America Corp $21.7M 3.2M 1.1% ▲ 68.8%
AQR Capital Management LLC $18M 2.8M 0.9% ▲ 24.9%
Citigroup Inc $13.8M 2.1M 0.7% ▲ 28.5%
Goldman Sachs Group Inc $10.2M 1.5M 0.5% ▲ 120.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lucid Group, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $22,760 4 trades by 1 insider · 100% under pre-set plans
Net ▼ $22,760 net selling
Insider Date Trade Shares Price Value
Winitzer Ori Director October 1, 2026 Sell pre-set plan 1,000 $4.12 $4,120
Winitzer Ori Director September 1, 2026 Sell pre-set plan 1,000 $4.80 $4,800
Winitzer Ori Director August 3, 2026 Sell pre-set plan 1,000 $7.46 $7,460
Winitzer Ori Director June 1, 2026 Sell pre-set plan 1,000 $6.38 $6,380

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in Lucid Group, Inc. disclosed in the last 12 months; 5 earlier trades on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded June 29, 2023, filed August 13, 2023
  • Zoe Lofgren(D-CA 18):Sale (full), $1,001 - $15,000, traded May 25, 2023, filed June 6, 2023
  • Daniel S. Goldman(D-NY 10):Sale (full), $15,001 - $50,000, traded March 6, 2023, filed April 17, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

  • October 5, 2026
  • August 4, 2026
  • July 2, 2026
  • May 5, 2026
  • April 14, 2026
  • April 3, 2026

Recent SEC filings

Data status

When each part of this page on Lucid Group, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Lucid Group, Inc. in brief

What does Lucid Group, Inc. do?
Lucid Group, Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.
What is Lucid Group, Inc.'s stock ticker?
Lucid Group, Inc. trades under the ticker LCID on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Lucid Group, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Lucid Group, Inc. reported revenue of $1.5B, 66.5% higher than a year earlier, according to its SEC filings.
What is Lucid Group, Inc.'s free cash flow?
Lucid Group, Inc.'s free-cash-flow margin is -330.4% of revenue over the trailing twelve months, ranking 21 of the 22 automobile manufacturers companies we cover.
Who are Lucid Group, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Public Investment Fund, Uber Technologies, Inc and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Lucid Group, Inc.'s market cap?
On November 2, 2026, Lucid Group, Inc.'s market capitalisation was about $1B and net debt of $2.5B. Market figures come from third-party market data and may be delayed.
Who are Lucid Group, Inc.'s competitors?
In our Automobile Manufacturers peer group, the companies closest to Lucid Group, Inc. are Winnebago Industries Inc, Polestar Automotive Holding UK PLC, Niu Technologies, Lotus Technology Inc. and Rivian Automotive, Inc. / DE. The side-by-side comparison below sets their revenue, margins and growth against Lucid Group, Inc.'s.
Are insiders buying or selling Lucid Group, Inc. stock?
Over the last 12 months, Lucid Group, Inc.'s directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Lucid Group, Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Lucid Group, Inc. announces its own schedule.