Lucid Group cash flow, quarter by quarter

In Q2 2026, Lucid Group generated −$1.2B of operating cash flow and spent $254M on capital projects, leaving free cash flow of −$1.5B. That is $463M less than in Q2 2025 (−$1.0B).

Over the twelve months to Jun 30, 2026, operating cash flow was −$4.1B; the largest uses were operating cash flow ($4.1B), capital spending ($1.0B), net borrowing (+) / repaid (−) ($753M); besides operations, cash came from other financing ($3.1B), other investing ($1.8B); the cash balance fell by $991M.

Operating cash flow was −$1.2B against net income of −$1.0B. The largest differences: inventory −$269M, payables −$127M, depreciation & amortization +$122M.

Its cash conversion cycle was 149 days (receivables 40 + inventory 156 − payables 47).

Lucid Group is burning cash: its operations consume cash, a free cash flow of −$5.1B a year at the current rate against $761M of cash and investments: a runway of about 2 months; $1.0B of debt also comes due within a year, which would need refinancing or new money before any new financing.