Created by potrace 1.16, written by Peter Selinger 2001-2019beatandraise.com
Latest Financials

Filings:

CategoryDateSearch FilingsInstitutional HoldersbetaEarnings TranscriptsbetaGlobal Search

SEC Edgar

Lucid Group, Inc.

NotesSupport
aboutterms
$LCID

Lucid Group, Inc.

CIK:0001811210|SEC Filings
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue (including $96,188 and $30,247 from a related party for the three months ended June 30, 2026 and 2025, and $134,558 and $35,343 for the six months ended June 30, 2026 and 2025, respectively) $ 405,347 $ 259,432 $ 687,812 $ 494,480
Costs and expenses        
Cost of revenue 832,072 531,783 1,426,242 995,343
Research and development 321,336 273,839 657,006 525,085
Selling, general and administrative 300,432 256,857 604,608 469,032
Workforce reduction charges 33,675 0 71,609 0
Total cost and expenses 1,487,515 1,062,479 2,759,465 1,989,460
Loss from operations (1,082,168) (803,047) (2,071,653) (1,494,980)
Other income (expense), net        
Change in fair value of common stock warrant liability 0 5,322 0 18,183
Change in fair value of equity securities of a related party 549 3,948 (9,672) (9,505)
Change in fair value of derivative liabilities and subscription agreements associated with redeemable convertible preferred stock (related party) 102,790 111,475 110,165 393,175
Gain on extinguishment of debt 0 116,360 0 116,360
Interest income 9,634 44,318 22,738 96,527
Interest expense (including $23,363 and $4,912 to a related party for the three months ended June 30, 2026 and 2025, and $34,672 and $8,612 for the six months ended June 30, 2026 and 2025, respectively) (47,817) (23,749) (88,890) (35,632)
Other income (expense), net (16,789) 3,572 (24,656) 6,537
Total other income, net 48,367 261,246 9,685 585,645
Loss before provision for (benefit from) income taxes (1,033,801) (541,801) (2,061,968) (909,335)
Provision for (benefit from) income taxes 1,050 (2,369) 1,227 (3,732)
Net loss (1,034,851) (539,432) (2,063,195) (905,603)
Accretion of redeemable convertible preferred stock (related party) (224,425) (199,823) (330,387) (564,748)
Net loss attributable to common stockholders, basic (1,259,276) (739,255) (2,393,582) (1,470,351)
Interest expense on 2026 Notes 0 309 0 4,283
Gain on extinguishment of debt 0 (116,360) 0 (116,360)
Net loss attributable to common stockholders, diluted $ (1,259,276) $ (855,306) $ (2,393,582) $ (1,582,428)
Weighted-average shares outstanding attributable to common stockholders        
Basic (in shares) [1] 382,098,609 305,640,483 355,340,787 304,641,184
Diluted (in shares) [1] 382,098,609 305,788,272 355,340,787 305,670,808
Net loss per share attributable to common stockholders        
Basic (in dollars per share) [1] $ (3.30) $ (2.42) $ (6.74) $ (4.83)
Diluted (in dollars per share) [1] $ (3.30) $ (2.80) $ (6.74) $ (5.18)
Other comprehensive income (loss)        
Net unrealized gains (losses) on investments, net of tax $ (152) $ 293 $ (1,537) $ 3,845
Reclassification adjustment for realized gains on investments included in net loss 0 0 (5,702) 0
Foreign currency translation adjustments (2,746) 8,973 (3,838) 12,870
Total other comprehensive income (loss) (2,898) 9,266 (11,077) 16,715
Comprehensive loss (1,037,749) (530,166) (2,074,272) (888,888)
Accretion of redeemable convertible preferred stock (related party) (224,425) (199,823) (330,387) (564,748)
Comprehensive loss attributable to common stockholders $ (1,262,174) $ (729,989) $ (2,404,659) $ (1,453,636)
[1] The weighted-average shares outstanding attributable to common stockholders and net loss per share attributable to common stockholders have been adjusted for the prior periods presented to reflect the one-for-ten (1:10) reverse stock split effected on August 29, 2025. See Note 2 “Summary of Significant Accounting Policies” for more information.