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Lucid Group, Inc. income statement

In fiscal 2025, Lucid Group, Inc. reported revenue of $1.35bn, up 67.6% on the year before, operating income of −$3.50bn (a -258.7% margin) and net income of −$2.70bn, or −$12.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue54276085958081,3541,547
Cost of revenue431551,6461,9361,7312,6103,041
Gross profit11−128−1,038−1,341−923−1,256−1,494
Research and development2205117508229371,1761,2111,343
Selling, general and administrative38896527357979011,0341,170
Operating income−258−599−1,530−2,594−3,100−3,021−3,502−4,078
Interest expense90131253395148
Income before tax−277−720−2,580−1,304−2,827−2,713−2,700−3,853
Income tax0−00011−23
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
Diluted shares (average)2m2,483m74m169m208m245m313m339m
EBITDA———−2,407−2,866−2,726−3,051−3,598

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Lucid Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lucid Group, Inc.