How Lucid Group (LCID) Makes Money: A Visual Guide
Lucid Group (LCID) generated $1.35B in revenue (TTM through Q4 2025) but reported a net loss of $2.70B. Its largest revenue source is Regulatory Credits (100% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Lucid Group (LCID) Income Statement Flow
Frequently asked questions
How does Lucid Group (LCID) make money?
- Lucid Group (LCID) primarily makes money through Regulatory Credits, which accounts for 100% of total revenue. For TTM through Q4 2025, Lucid Group generated $1.35B in total revenue with a net profit margin of -199.3%.
What is Lucid Group (LCID) gross profit margin?
- Lucid Group (LCID) reported a gross profit margin of -92.8% for TTM through Q4 2025, equivalent to −$1.26B in gross profit. This means Lucid Group retains -92.8% of each revenue unit after direct costs of production.
What is Lucid Group (LCID) operating profit margin?
- Lucid Group (LCID) reported an operating profit margin of -258.7% for TTM through Q4 2025, equivalent to −$3.50B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Lucid Group (LCID) net profit margin?
- Lucid Group (LCID) reported a net profit margin of -199.3% for TTM through Q4 2025, equivalent to −$2.70B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Lucid Group (LCID) invest in R&D?
- Lucid Group (LCID) invested $1.21B in research and development in TTM through Q4 2025 (89.5% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Lucid Group (LCID) spend on capital expenditures?
- Lucid Group (LCID) spent $868.16M on capital expenditures in TTM through Q4 2025 (64.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Lucid Group (LCID) free cash flow?
- Lucid Group (LCID) generated −$3.83B in free cash flow for TTM through Q4 2025 (-282.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
Data & methodology
What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
- Based on company filings through TTM through Q4 2025.
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