Filing Flows › Lucid Group (LCID) › Q1 2025
Lucid Group (LCID) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Lucid Group (LCID) reported revenue of $235M for the first quarter 2025 (Q1 2025), +36% from a year earlier and +0.2% from the quarter before. Operating margin was -294.4%, net loss $366M (155.8% of revenue).
Lucid Group, Q1 2025: revenue $235M (+36% year over year), operating margin -294.4%, net loss $366M, operating cash flow −$429M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $235M | +0.2% | +36% |
| Operating profit | −$692M | — | — |
| Net earnings | −$366M | — | — |
| Operating cash flow | −$429M | — | — |
What changed
Revenue was $235.0M in Q1 2025, up 36% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $691.9M, an operating margin of -294.4%. Total costs grew 3% against revenue growth of 36%. The fastest-growing cost line was Cost of revenue (+15%). The quarter ended with a net loss of $366.2M, narrower than the previous quarter's $397.2M loss. Non-operating items added $324.4M, -88% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$428.6M. Non-cash charges added back $98.0M of depreciation and amortization and $27.5M of share-based compensation. Working capital and other items used $188.0M. Capital expenditures of $161.2M exceeded it, leaving free cash flow of −$589.9M.
Questions
What was Lucid Group's revenue in the first quarter 2025?
Lucid Group (LCID) reported revenue of $235M for the first quarter 2025 (Q1 2025), +36% from a year earlier and +0.2% from the quarter before.
Was Lucid Group profitable in the first quarter 2025?
Operating loss was $692M (-294.4% of revenue) and net loss $366M.
Source: Lucid Group 10-Q on SEC EDGAR.