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Jun 30, 2025
Lucid Q2 2025 Earnings Report
Lucid reported its second quarter 2025 financial results, with revenue of $259.4 million and a GAAP diluted net loss per share of $(0.28). The company produced 3,863 vehicles and delivered 3,309 vehicles, marking a 38.2% increase in deliveries compared to Q2 2024. Lucid ended the quarter with approximately $4.86 billion in total liquidity.
Key Takeaways
Lucid Group, Inc. announced its Q2 2025 financial results, showing a revenue of $259.4 million and a GAAP diluted net loss per share of $(0.28). Vehicle production reached 3,863 units, and deliveries were 3,309 units, representing a significant year-over-year increase in deliveries. The company maintained a strong liquidity position of $4.86 billion but revised its 2025 production outlook downwards.
Lucid reported Q2 revenue of $259.4 million.
GAAP diluted net loss per share was $(0.28), with non-GAAP diluted net loss per share at $(0.24).
Vehicle production for Q2 stood at 3,863 units, and deliveries were 3,309 units, up 38.2% year-over-year.
The company ended the quarter with approximately $4.86 billion in total liquidity, but revised its 2025 production guidance to 18,000 - 20,000 vehicles from the prior 20,000 vehicles.
Forward Guidance
Lucid has adjusted its 2025 production outlook to 18,000 - 20,000 vehicles, down from the previous guidance of 20,000 vehicles. The company expects continued growth in deliveries, driven by the ramp-up of Lucid Gravity production in the second half of the year.
Positive Outlook
- Expects continued trend of record deliveries in Q2 and beyond.
- Ramp-up of Lucid Gravity production anticipated in the second half of the year.
- Launched a robotaxi partnership with Uber and Nuro for 20,000 Lucid Gravity vehicles, creating new revenue streams.
- Expanded DreamDrive Pro functionality with Hands-Free Drive Assist and Lane Change Assist.
- Introduced access to 23,500+ Tesla Superchargers for Lucid Air models, enhancing driving range.
Challenges Ahead
- Revised 2025 production outlook downwards to 18,000 - 20,000 vehicles from prior guidance of 20,000 vehicles.
- Operating in a challenging macroeconomic backdrop.
- Continued focus on disciplined cost management.
Historical Earnings Impact
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