For Q1 FY2026 (ended March 31, 2026), Lucid reported revenue of $282.5 million, up 20.2% year-over-year. Net loss widened to $1.028 billion, a 180.8% increase from the prior year, while operating loss grew 43.0% to $989.5 million. Diluted EPS was -$3.46, a 43.6% decline. The company had cash of $700.4 million, negative equity of $351.4 million, and long-term debt of $2.048 billion.
•Revenue grew 20.2% YoY to $282.5 million.
•Net loss widened to $1.028 billion, up 180.8% YoY.
•Operating loss increased 43.0% to $989.5 million.
•Cash stood at $700.4 million with long-term debt of $2.048 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Newark, CaliforniaSubsidiary of Ayar Third Investment Company
Lucid Group, Inc., a technology company designs, develops, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. The company provides Lucid Air sedan and Lucid Gravity SUV. 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. The company is headquartered in Newark, California. Lucid Group, Inc. is a subsidiary of Ayar Third Investment Company.
What does Lucid Group, Inc. (LCID) do and what are its main products?
Lucid Group, Inc. is a technology company that designs, develops, manufactures, and sells electric vehicles (EVs), EV powertrains, and battery systems. Its main products include the Lucid Air sedan and the Lucid Gravity SUV. The company also develops proprietary software in-house for its vehicles. Lucid sells its vehicles directly to consumers through its retail sales network and direct online sales, and offers financing through Lucid Financial Services. The company is headquartered in Newark, California and is a subsidiary of Ayar Third Investment Company.
On which stock exchange is Lucid Group (LCID) listed and what currency is used?
Lucid Group, Inc. is listed on the NasdaqGS exchange under the ticker symbol LCID. The trading currency is the US Dollar (USD). As a US-based company, its financial reporting and stock trading are conducted in USD, making it accessible to investors on major US stock exchanges.
What sector and industry does Lucid Group (LCID) operate in?
Lucid Group, Inc. operates in the Consumer Cyclical sector, specifically within the Auto Manufacturers industry. This means the company is involved in manufacturing automobiles, with a focus on electric vehicles. As a consumer cyclical company, its performance is closely tied to the economic cycle and consumer spending on big-ticket items like cars.
Where is Lucid Group (LCID) headquartered and what markets does it serve?
Lucid Group, Inc. is headquartered in Newark, California, United States. The company serves the US market primarily, selling vehicles directly to consumers through its retail sales network and online platform. While its current focus is on the US, as a subsidiary of Ayar Third Investment Company, it may have access to broader resources. The company's vehicles, such as the Lucid Air sedan and Lucid Gravity SUV, are designed for the global EV market, but specific international expansion details are not provided in the available data.
How does Lucid Group (LCID) generate revenue and what is its business model?
Lucid Group generates revenue primarily through the sale of electric vehicles, including the Lucid Air sedan and Lucid Gravity SUV. The company also sells EV powertrains and battery systems. Its business model involves direct-to-consumer sales via retail locations and online orders, bypassing traditional dealerships. Additionally, Lucid offers financing through Lucid Financial Services, which may provide recurring income. The company develops proprietary software in-house, which could enhance vehicle features and potentially create future revenue streams. As a subsidiary of Ayar Third Investment Company, it benefits from strategic backing.