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Q4 25 EPS
$-3.08
MISS 15.18%
Est. $-2.67
Q4 25 Revenue
$522.7M
BEAT +13.75%
Est. $459.5M
vs S&P Since Q4 25
-49.6%
TRAILING MARKET
LCID -43.8% vs S&P +5.8%
Full Year 2025 Results
FY 25 EPS
$-10.09
FY 25 Revenue
$1.35B
Market Reaction
Did LCID Beat Earnings? Q4 2025 Results
Lucid Group delivered a tale of two metrics in its Q4 2025 report, posting revenue that cleared Wall Street's bar by a wide margin while losses deepened far beyond what analysts had modeled. Revenue surged 122.9% year over year to $522.73 million, be… Read more Lucid Group delivered a tale of two metrics in its Q4 2025 report, posting revenue that cleared Wall Street's bar by a wide margin while losses deepened far beyond what analysts had modeled. Revenue surged 122.9% year over year to $522.73 million, beating the $459.54 million consensus by 13.75%, as 5,345 vehicle deliveries, up 72% from Q4 2024, reflected the ramp of the Gravity SUV and improving manufacturing execution. But what Wall Street was watching closely was the bottom line, where an adjusted loss per share of $3.08 missed the $2.67 estimate by 15.18%, with cost of revenue exceeding total revenue by more than $400 million in the quarter. The GAAP net loss widened to $814.02 million from $397.22 million a year earlier, and free cash flow came in at negative $1.24 billion. Looking ahead, Lucid guided 2026 production of 25,000 to 27,000 vehicles, with plans to begin building its Midsize platform and launch commercial robotaxi service, signaling that the growth story remains firmly intact even as the path to profitability stays a work in progress.
Key Takeaways
- • 72% year-over-year increase in Q4 deliveries to 5,345 vehicles
- • Lucid Gravity SUV production ramp contributing to volume growth
- • Reduced unit costs through improved manufacturing execution
- • U.S. luxury EV market share gains
LCID YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“2025 was all about execution and strategy adjustment to set Lucid up for long-term success. Against a challenging macro backdrop, we nearly doubled production, gained market share, reduced unit costs, and strengthened our financial position.”
— Marc Winterhoff, Q4 2025 Earnings Press Release
LCID Earnings Trends
LCID vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LCID EPS Trend
Earnings per share: estimate vs actual
LCID Revenue Trend
Quarterly revenue: estimate vs actual
LCID Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | $-2.30 | — | — | — | — |
| Q4 25 MISS FY | $-2.67 | $-3.08 | -15.18% | $522.7M | +13.75% |
| FY Full Year | — | $-10.09 | — | $1.35B | — |
| Q3 25 MISS | $-2.22 | $-2.65 | -19.37% | $336.6M | -9.19% |
| Q2 25 MISS | $-0.22 | $-0.24 | -11.11% | $259.4M | -2.00% |
| Q1 25 BEAT | $-0.23 | $-0.20 | +14.13% | $235.0M | -4.52% |
| Q4 24 BEAT FY | $-0.29 | $-0.22 | +22.81% | $234.5M | +10.72% |
| FY Full Year | — | $-1.04 | — | $807.8M | — |