
Lucid Faces Profit Pain Despite Q4 Revenue Beat
Lucid reported Q4 FY2025 results with adjusted EPS of -$3.08 (miss vs -$2.67 est) but revenue rose 123% YoY to $522.7 million, beating expectations. The company delivered 5,345 vehicles in Q4 and 15,841 in 2025; full-year revenue was $1.35 billion with about $4.6 billion in liquidity. Production nearly doubled and management cited improved manufacturing and the Gravity SUV ramp as drivers. For 2026, Lucid guides to 25,000–27,000 vehicles; GAAP net loss was $3.62 in Q4 and $12.09 for 2025. Shares fell after hours, and analysts maintain a Moderate Sell rating with a $12.67 target (~30% upside).



