Filing Flows › Lucid Group (LCID) › Q2 2025
Lucid Group (LCID) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Lucid Group (LCID) reported revenue of $259M for the second quarter 2025 (Q2 2025), +29% from a year earlier and +10% from the quarter before. Operating margin was -309.5%, net loss $539M (207.9% of revenue).
Lucid Group, Q2 2025: revenue $259M (+29% year over year), operating margin -309.5%, net loss $539M, operating cash flow −$830M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $259M | +10% | +29% |
| Operating profit | −$803M | — | — |
| Net earnings | −$539M | — | — |
| Operating cash flow | −$830M | — | — |
What changed
Revenue was $259.4M in Q2 2025, up 29% year over year and up 10% from the previous quarter.
Operating costs exceeded revenue by $803.0M, an operating margin of -309.5%. Total costs grew 8% against revenue growth of 29%. The fastest-growing cost line was SG&A (+22%). The quarter ended with a net loss of $539.4M, wider than the previous quarter's $366.2M loss. Non-operating items added $261.2M, -48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$830.2M. Non-cash charges added back $111.1M of depreciation and amortization and $56.3M of share-based compensation. Working capital and other items used $458.2M. Capital expenditures of $182.7M exceeded it, leaving free cash flow of −$1,012.9M.
Questions
What was Lucid Group's revenue in the second quarter 2025?
Lucid Group (LCID) reported revenue of $259M for the second quarter 2025 (Q2 2025), +29% from a year earlier and +10% from the quarter before.
Was Lucid Group profitable in the second quarter 2025?
Operating loss was $803M (-309.5% of revenue) and net loss $539M.
Source: Lucid Group 10-Q on SEC EDGAR.