Lucid Reports 2025 Q4 and Full-Year Financial Results
Lucid Group, Inc. has reported significant growth in vehicle deliveries and revenue for the fourth quarter and full year 2025. The company delivered 5,345 vehicles in the fourth quarter and a total of 15,841 vehicles for the year, representing increases of 72% and 55% respectively compared to the previous year. This growth comes despite challenges related to supply chain and tariffs, affirming Lucid’s production guidance of approximately 18,000 vehicles for 2025.
Financial Results Overview
For Q4 2025, Lucid reported revenue of $522.7 million, marking a remarkable growth of 123% from Q4 2024. The total annual revenue reached $1,353.8 million, representing a 68% increase compared to 2024. Despite the positive revenue trends, the company recorded a GAAP diluted net loss per share of $(3.62) for Q4 and $(12.09) for the full year.
Liquidity and Production Guidance
As of the end of Q4, Lucid maintained robust liquidity with approximately $4.6 billion. Looking ahead, the company is projecting production guidance of between 25,000 and 27,000 vehicles for 2026.
Operational Highlights
- Achieved eight consecutive quarters of record deliveries.
- Expanded U.S. luxury electric vehicle market share.
- Improved manufacturing efficiencies by ramping up production of the Lucid Gravity.
Lucid is also advancing its long-term growth platforms in autonomy and robotaxi development, as well as expanding its global manufacturing capacity. The company was recognized with multiple awards for product excellence, including accolades from Car and Driver for the Lucid Gravity and Lucid Air.
Management’s Comments
Interim CEO Marc Winterhoff stated, “2025 was focused on execution and adjusting strategies for long-term success.” CFO Taoufiq Boussaid noted the company’s strong liquidity and ongoing commitment to operational efficiency and capital allocation as it prepares for future growth.
Production Adjustments
On January 5, 2026, Lucid revised its production figures due to the completion of internal validation processes. The adjusted production numbers for 2025 are now set at 17,840 vehicles, with 7,874 for Q4 2025. This revision does not impact previously reported financial outcomes.
Conference Call Announcement
Lucid Group will host a conference call on February 24, 2026, at 2:30 PM PT / 5:30 PM ET to discuss these results in more detail. The call will be accessible via the company’s investor relations website.
With ongoing efforts focusing on operational efficiency and technological advancements, Lucid Group remains poised for continued growth in the competitive electric vehicle market.
