Lucid Group, Inc. ( (LCID) ) has released its Q1 earnings. Here is a breakdown of the information Lucid Group, Inc. presented to its investors.
Lucid Group, Inc., a Silicon Valley-based technology company, specializes in producing advanced electric vehicles, including the award-winning Lucid Air and the new Lucid Gravity, from its state-of-the-art factory in Arizona.
In its first quarter of 2025, Lucid Group reported a revenue of $235 million, marking a significant increase in vehicle deliveries by 58.1% compared to the same period last year. The company produced 2,212 vehicles, excluding over 600 vehicles in transit to Saudi Arabia, and ended the quarter with approximately $5.76 billion in total liquidity.
Key financial highlights include a GAAP net loss per share of $(0.24) and a non-GAAP net loss per share of $(0.20). Despite the losses, Lucid’s liquidity position remains strong, and the company is on track to manufacture approximately 20,000 vehicles in 2025. The interim CEO, Marc Winterhoff, emphasized the company’s momentum in achieving delivery records and strengthening its market position.
Lucid’s strategic focus on driving volume, improving margins, and operating with rigor is evident in its financial results. The company is positioning itself for long-term value creation with clear strategic priorities and breakthrough products that redefine their categories, as highlighted by CFO Taoufiq Boussaid.
Looking ahead, Lucid Group is optimistic about its future, with plans to continue its growth trajectory and expand its market presence. The management remains committed to executing its operational priorities and delivering innovative electric vehicles that set new standards in the industry.