# Lucid Group, Inc. (LCID) · Edgar & Edgarette company card

> Lucid Group (LCID) grew revenue 67.6% in FY2025 to $1.4 billion, operating margin -259% against a -2.1% median for motor vehicles & passenger car bodies, equity 8.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1811210 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/LCID) · [JSON](https://www.pops4.com/boards/company/LCID.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.4B |
| Revenue growth, 1 year | 67.6% |
| Revenue growth per year | 165.8% |
| Operating margin | -258.7% (prior year -373.9%) |
| Net margin | -199.3% |
| Operating cash flow | −$2.9B |
| Capital spending | $868M |
| Free cash flow | −$3.8B |
| Cash | $998M |
| Long-term debt | $2.7B |
| Total assets | $8.4B |
| Total equity | $717M |
| Equity ÷ assets | 8.6% |
| Return on equity | -376.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -8.21 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed restructuring or exit costs in the last 12 months; operating cash flow was negative; operating loss: a margin of -258.7% in FY2025; revenue is hard to predict: its 80% range is ±27%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $1.4B (FY2025), total debt $2.7B. Experience: revenue up 67.6% on the year, up 165.8% a year over 4 years; operating margin -258.7%, up from -373.9%. Soundness: equity 8.6% of assets, return on equity -376.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.5B and $2.6B next year (method v4.1: its own 3-year record of growth weighed at 40% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.2B to $3.2B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, motor vehicles & passenger car bodies): operating margin -258.7% against a -2.1% median; growth 67.6% against -0.0%.

Range logged 2026-09-25, receipt dd4a1792d18068e8, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 2, latest 2026-06-22 ([filing](https://www.sec.gov/Archives/edgar/data/1811210/000162828026044501/0001628280-26-044501-index.htm))
- Item 5.02 Director or officer change: 9, latest 2026-09-11 ([filing](https://www.sec.gov/Archives/edgar/data/1811210/000162828026061541/0001628280-26-061541-index.htm))

## Recent filings

- 8-K · filed 2026-10-09 · 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1811210/000162828026065525/0001628280-26-065525-index.htm)
- 8-K · filed 2026-10-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1811210/000162828026064910/0001628280-26-064910-index.htm)
- 8-K · filed 2026-09-11 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1811210/000162828026061541/0001628280-26-061541-index.htm)
- 8-K · filed 2026-08-28 · 2.03 Creation of a Direct Financial Obligation; 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1811210/000162828026059385/0001628280-26-059385-index.htm)
- 8-K · filed 2026-08-12 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1811210/000110465926094879/0001104659-26-094879-index.htm)
- 10-Q · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/1811210/000162828026052606/0001628280-26-052606-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001811210.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1811210

## Cite

POPS4, Edgar & Edgarette: Lucid Group, Inc. (LCID) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/LCID. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.