Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Lucid Group, Inc.

LCID · Nasdaq · Motor Vehicles & Passenger Car Bodies

Fundamental quality

REASONABLE

57

out of 100

Lucid Group, Inc. is in full growth mode but not yet profitable: revenue is growing strongly (150% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 57 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (net margin -239.8%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Lucid makes luxury electric sedans with the best range on the market, backed —and sustained— by Saudi Arabia's sovereign fund, its majority shareholder. It sells few cars and loses a lot of money on each one.

What will shape its future

  • Saudi financial backing, which has averted collapse several times: its most absolute dependency.
  • Whether its SUV (Gravity) and future cheaper models lift volume to viable levels.
  • Shareholder dilution: surviving on repeated capital raises has a permanent cost.

Breakdown by area

I.Growth
95

Revenue growth: 150%

II.Profitability
12

Net margin: -239.8%

III.Financial health
64

Net debt/EBITDA: -0.62x · FCF: -331.8%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Strengths

  • Revenue growing strongly (150% annualized).
  • Net cash position: more cash than debt.

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -239.8%).
  • Negative free cash flow: the business burns cash.
  • Its net debt has grown over the period.

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
20204-719-1,030-614
202127-2,580-1,479-4,276
2022608-1,304-3,301256
2023595-2,828-3,400627
2024808-2,714-2,904522
20251,354-2,698-3,8001,720

Between 2020 and 2025, revenue went from $4M to $1,354M (+33949%) and net income went from -$719M to -$2,698M (-275%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

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Is Lucid Group, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Lucid Group, Inc. a good company to invest in?

In terms of business quality, Lucid Group, Inc. scores 57 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Lucid Group, Inc. a profitable company?

Over the last twelve months, no: Lucid Group, Inc. posts a negative net margin (-239.8%).

Does Lucid Group, Inc. have a lot of debt?

No. Lucid Group, Inc. has a net cash position: more cash than debt.

Is Lucid Group, Inc. growing?

Its revenue has grown 150% annualized in recent years.

Does Lucid Group, Inc. generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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