#USA #Newark #electric vehicles #Lucid Group #Q4 2025

Lucid Group Reports Strong Growth in Q4 and Full Year 2025

On February 24, 2026, Lucid Group, Inc. (NASDAQ: LCID) revealed its financial results for the fourth quarter and the entire year of 2025. This report highlighted substantial advancements in vehicle deliveries and revenue growth, showcasing resilience amid various market challenges.

Financial Performance Highlights

For the fourth quarter of 2025, Lucid delivered a total of 5,345 electric vehicles, elevating total deliveries for the year to 15,841 vehicles. This marks a substantial increase of 72% from Q4 2024 and a remarkable 55% growth compared to the entire year 2024. The company's Q4 revenue reached $522.7 million, representing a staggering 123% increase year-over-year, while the annual revenue totaled $1.35 billion, indicating a 68% rise from the previous year.

Despite the impressive growth figures, Lucid reported a GAAP diluted net loss per share of $(3.62) for Q4 2025 and $(12.09) for the full year. Ending the fourth quarter with approximately $4.6 billion in liquidity, Lucid continues to maintain a robust financial position as it navigates through challenges such as supply chain issues and tariffs.

Operational Highlights

Lucid celebrated its eighth consecutive quarter of record deliveries, attaining over 50% annual growth in vehicle deliveries. The company impressed stakeholders by improving manufacturing execution, especially with the ramp-up of the Lucid Gravity model, and successfully reducing unit costs. Furthermore, Lucid is focusing on long-term growth areas, such as autonomy and robotaxi developments, establishing itself as a key player in these emerging markets.

Recognizing its outstanding products, Lucid earned multiple awards for excellence, including accolades from Car and Driver for both Lucid Gravity and Lucid Air.

Strategy and Future Outlook

Interim CEO Marc Winterhoff stated, "2025 was focused on execution and strategic adjustments, setting the groundwork for Lucid's sustained success. Despite a challenging macroeconomic environment, we significantly increased production, captured market share, and enhanced our financial standing." Winterhoff highlighted that for 2026, Lucid aims to produce between 25,000 and 27,000 vehicles, continuing to align production with sales expectations.

CFO Taoufiq Boussaid echoed Winterhoff's sentiments regarding operational advancements, noting that the progress made will create a more stable operating structure heading into 2026. He reassured stakeholders of the company’s strong liquidity, which grants flexibility for near-term goals and further investments into future growth.

Adjustments to Production Numbers

Lucid previously announced an initial production estimate of 18,378 vehicles for the full year of 2025, but adjustments were necessary due to internal validation processes. The revised numbers now stand at 17,840 vehicles for 2025 and 7,874 vehicles for Q4. It is important to note that this adjustment does not impact previously reported financial results, as it was related to the company's internal classifications.

As Lucid upholds its commitment to transparency, a conference call for analysts and investors is scheduled for 2:30 PM PT on February 24, where further discussions on these results will take place. The presentation will also be available for replay on the company's investor relations website.

About Lucid Group

Lucid Group, based in Silicon Valley, is dedicated to developing advanced electric vehicles. Their notable models, Lucid Air and Lucid Gravity, are recognized for their superior performance and energy efficiency. Vehicles are assembled at their leading-edge facilities in Arizona and Saudi Arabia, with a continuous focus on innovation and enhancing electric vehicle technology.

By staying committed to operational efficiency and sustainable growth, Lucid Group aims to further establish itself as a frontrunner in the electric vehicle market.