Lucid Reports Strong Financial Performance for Q3 2025

Lucid Group, Inc. reported impressive financial results for the third quarter of 2025. The company has witnessed significant growth in vehicle production and deliveries, indicating a robust recovery and expansion in its operations.

Financial Performance Overview

For the third quarter of 2025, Lucid produced 3,891 vehicles, reflecting a 116% increase compared to the same period in the previous year. Vehicle deliveries reached 4,078 units, marking a 47% rise year-over-year.

The company’s revenue for Q3 totaled $336.6 million, representing a 68% increase from Q3 2024. Following the quarter, Lucid announced a significant agreement with the Public Investment Fund (PIF) to increase its delayed draw term loan facility from $750 million to approximately $2 billion. This move enhances Lucid’s liquidity position, bringing it to $5.5 billion, up from $4.2 billion as of the quarter’s end.

Operational Developments

Lucid’s operational highlights during this quarter include:

• A collaboration with NVIDIA to develop Level 4 autonomous driving technology, positioning Lucid to lead in intelligent vehicle innovation.
• The launch of its vehicles into the robotaxi engineering fleet for further development by Nuro, part of the Uber robotaxi partnership, with plans for an initial rollout in San Francisco in 2026.
• Completion of a $300 million strategic investment from Uber, enhancing Lucid’s commitment to premium electric and autonomous transportation.
• Organizational changes aimed at accelerating growth and improving decision-making as part of its global expansion strategy.

Executive Insights

Marc Winterhoff, Interim CEO of Lucid, emphasized the company’s operational momentum and commitment to increasing production while addressing supply chain challenges. He stated that the focus on autonomy and intelligent mobility positions Lucid at the forefront of the EV market.

Taoufiq Boussaid, CFO, highlighted the company’s disciplined execution amid a complex operating environment. He reiterated their focus on cost management and maintaining a strong liquidity position, bolstered by the recent funding arrangement with PIF.

Looking Ahead

Lucid remains dedicated to exploring various financing options while preparing for key milestones in the upcoming quarters. The company plans to host a conference call for investors and analysts to discuss this quarter’s results and prospects further.

As Lucid continues to innovate and expand, it reinforces its position as a leader in electric vehicle technology, aiming to deliver the most advanced EVs globally.