Filing Flows › Lucid Group (LCID) › Q4 2024
Lucid Group (LCID) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
Lucid Group (LCID) reported revenue of $234M for the fourth quarter 2024 (Q4 2024), +49% from a year earlier and +17% from the quarter before. Operating margin was -312.6%, net loss $397M (169.4% of revenue).
Lucid Group, Q4 2024: revenue $234M (+49% year over year), operating margin -312.6%, net loss $397M, operating cash flow −$533M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $234M | +17% | +49% |
| Operating profit | −$733M | — | — |
| Net earnings | −$397M | — | — |
| Operating cash flow | −$533M | — | — |
What changed
Revenue was $234.5M in Q4 2024, up 49% year over year and up 17% from the previous quarter.
Operating costs exceeded revenue by $733.0M, an operating margin of -312.6%. Total costs grew 8% against revenue growth of 49%. The fastest-growing cost line was Research & development (+15%). The quarter ended with a net loss of $397.2M, narrower than the previous quarter's $992.5M loss. Non-operating items added $336.3M, -85% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$533.1M. Non-cash charges added back $90.8M of depreciation and amortization and $77.1M of share-based compensation. Working capital and other items used $303.8M. Capital expenditures of $291.6M exceeded it, leaving free cash flow of −$824.8M.
Questions
What was Lucid Group's revenue in the fourth quarter 2024?
Lucid Group (LCID) reported revenue of $234M for the fourth quarter 2024 (Q4 2024), +49% from a year earlier and +17% from the quarter before.
Was Lucid Group profitable in the fourth quarter 2024?
Operating loss was $733M (-312.6% of revenue) and net loss $397M.
Source: Lucid Group 10-K on SEC EDGAR.