How Lucid Group makes money

Period

FY2025

How does Lucid Group make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Lucid Group Inc. · FY2025 · year ended 2025-12-31

Revenue$1.4BNet loss$2.7B · 199%Cost of revenue$2.6B · 193%Other income$804M · 59%Operating expenses$2.2B · 166%R&D$1.2B · 89%SG&A$1.0B · 76%Vehicle Sales From E Vs$1.2B · 87%Regulatory Credits$96M · 7%Sale & Leaseback Transactions$71M · 5%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.