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Mar 31, 2025
Lucid Q1 2025 Earnings Report
Lucid reported increased vehicle deliveries and improved liquidity in Q1 2025 despite a continued net loss.
Key Takeaways
Lucid posted higher revenues in Q1 2025 driven by record deliveries, but remained unprofitable with a GAAP net loss of $366.2 million. The company ended the quarter with a strong liquidity position.
Delivered a record 3,109 vehicles, up 58.1% year-over-year.
Generated $235 million in revenue during Q1 2025.
Ended the quarter with $5.76 billion in total liquidity.
Reported an adjusted net loss per share of $0.20.
Forward Guidance
Lucid expects to produce approximately 20,000 vehicles in 2025, focusing on volume growth, margin improvement, and strategic execution.
Positive Outlook
- Targeting full-year production of approximately 20,000 vehicles.
- Strong liquidity of $5.76 billion to support ongoing operations.
- Lucid Gravity vehicle beginning deliveries and showroom presence.
- Clear strategic focus on volume, margins, and operational rigor.
- Positioning for long-term value creation with innovative products.
Challenges Ahead
- Company remains significantly unprofitable.
- High operating costs continue to weigh on margins.
- Net loss of $366 million highlights ongoing financial challenges.
- Limited segment diversification in revenue streams.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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