Filing Flows › Lucid Group (LCID) › Q3 2025
Lucid Group (LCID) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Lucid Group (LCID) reported revenue of $337M for the third quarter 2025 (Q3 2025), +68% from a year earlier and +30% from the quarter before. Operating margin was -279.9%, net loss $978M (290.7% of revenue).
Lucid Group, Q3 2025: revenue $337M (+68% year over year), operating margin -279.9%, net loss $978M, operating cash flow −$757M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $337M | +30% | +68% |
| Operating profit | −$942M | — | — |
| Net earnings | −$978M | — | — |
| Operating cash flow | −$757M | — | — |
What changed
Revenue was $336.6M in Q3 2025, up 68% year over year and up 30% from the previous quarter.
Operating costs exceeded revenue by $942.0M, an operating margin of -279.9%. Total costs grew 32% against revenue growth of 68%. The fastest-growing cost line was Cost of revenue (+62%). The quarter ended with a net loss of $978.4M, wider than the previous quarter's $539.4M loss.
Operating cash flow was −$756.6M. Non-cash charges added back $120.1M of depreciation and amortization and $115.1M of share-based compensation. Capital expenditures of $198.8M exceeded it, leaving free cash flow of −$955.5M.
Questions
What was Lucid Group's revenue in the third quarter 2025?
Lucid Group (LCID) reported revenue of $337M for the third quarter 2025 (Q3 2025), +68% from a year earlier and +30% from the quarter before.
Was Lucid Group profitable in the third quarter 2025?
Operating loss was $942M (-279.9% of revenue) and net loss $978M.
Source: Lucid Group 10-Q on SEC EDGAR.