Filing Flows › Lucid Group (LCID) › Q1 2026 › vs Q4 2025
Lucid Group (LCID) Q1 2026 vs Q4 2025 (quarter over quarter)
Lucid Group's revenue fell $240M (-46%) from $523M in Q4 2025 to $282M in Q1 2026.
Lucid Group, Q1 2026: revenue $282M (+20% year over year), operating margin -350.3%, net loss $1.0B, operating cash flow −$1.2B. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $282M | $523M | −$240M | -46% |
| Net loss | $1.0B | $814M | $214M | +26% |
| Costs & expenses | $1.3B | $1.6B | −$278M | -18% |
| Operating costs | $1.3B | $1.6B | −$316M | -20% |
| Interest & other, net | $38.7M | −$252M | $291M | — |
| Income tax | $177K | $1.8M | −$1.6M | -90% |
| Cost of revenue | $594M | $945M | −$350M | -37% |
| Research & development | $336M | $361M | −$25.3M | -7% |
| SG&A | $304M | $282M | $22.3M | +8% |
| Operating cash sources | $1.4B | $1.1B | $252M | +23% |
| Depreciation & amortization | $116M | $122M | −$5.7M | -5% |
| Share-based compensation | $61.0M | $72.4M | −$11.4M | -16% |
| Cash used in operations | $1.2B | $916M | $269M | +29% |
| Net loss absorbed | $1.0B | $814M | $214M | +26% |
| Working capital & other | $335M | $297M | $37.9M | +13% |
Questions
How much did Lucid Group's revenue grow quarter over quarter in Q1 2026?
Lucid Group's revenue fell $240M (-46%) from $523M in Q4 2025 to $282M in Q1 2026.