NASDAQ$LCID

Lucid Group Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Lucid Group reported Q4 2025 revenue of $522.7M with a GAAP diluted loss per share of $3.62.

Lucid delivered 5,345 vehicles in Q4 and 15,841 for 2025 (+55% YoY). Revenue was $522.7 million (+123% YoY) with about $4.6 billion in total liquidity. GAAP diluted EPS was $(3.62). The company guided 2026 production of 25,000–27,000 vehicles and highlighted autonomy and robotaxi partnerships.

  • Q4 revenue $522.7M (+123% YoY); deliveries 5,345.
  • 2025 deliveries 15,841 (+55%); production ~17,840 after validation revision.
  • Liquidity ~$4.6B; 2026 production guide 25k–27k vehicles.
  • Unit cost reduction and Gravity ramp cited as structural improvements.

Headline financials

Total Revenue

$523M

Previous: $235M+122.9%
EPS (adj)

-$3.62

Previous: -$0.22-1545.5%
Free Cash Flow

-$1.24B

No prior period
Net Income

-$814M

Previous: -$397M-104.9%
Operating Income

-$1.06B

Previous: -$733M-45.3%

Revenue & EPS history

Lucid · Revenue · Quarterly

$523M

Q4 2025+122.9%vs Q4 2024
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

2026 production guidance of 25,000–27,000 vehicles with continued capital discipline.

Tailwinds

  • Record Q4 deliveries and ~$4.6B total liquidity.
  • Unit cost reduction and Gravity ramp progress.
  • Autonomy/robotaxi partnerships with NVIDIA, Uber, and Nuro.

Headwinds

  • GAAP net loss and cash burn remain substantial.
  • Supply chain, tariff, and EV demand headwinds.
  • Workforce reductions in non-manufacturing roles planned.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-2.8%

Avg return

Earnings day

-3.6%

Avg return

5 days after

-7.7%

Avg return

30 days after

30%

7 / 23 earnings

Positive

+26.4%

Q3 2021

Best reaction

-19.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.6%-4.9%-14.6%
Q4 2025+2.1%+1.1%-5.2%
Q3 2025+4.9%-1.5%-22.2%
Q1 2025-3.0%+12.4%-7.7%
Q4 2024-13.4%-18.8%-11.1%
Q3 2024+3.8%+0.5%+8.0%
Q2 2024-1.0%+2.2%+22.4%
Q1 2024-6.1%-4.5%+0.2%
Q4 2023-16.3%-14.4%-24.7%
Q3 2023-8.6%-12.0%+3.7%
Q2 2023+8.6%+0.3%-7.3%
Q1 2023-5.8%-8.9%-17.2%
Q4 2022-11.2%-11.5%-17.3%
Q3 2022-19.1%-6.8%-37.3%
Q2 2022-5.9%-5.1%-23.2%
Q1 2022-10.4%-21.3%-7.8%
Q4 2021-5.2%-14.1%+0.6%
Q4 2019-15.8%-8.6%-6.1%
Q3 2021+26.4%+25.7%-7.1%
Q2 2021-3.9%-7.7%-15.2%
Q1 2021+19.5%+21.5%+40.6%
Q4 2020+2.8%-6.3%-29.9%
Q3 2020-0.2%-0.3%+2.1%

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