Newark, Calif. – Lucid Group, Inc. (NASDAQ: LCID) has announced financial results for its first quarter ended March 31, 2025.
The announcement details that Lucid reported first quarter revenue of $235.0 million on deliveries of 3,109 vehicles and expects to manufacture approximately 20,000 vehicles in 2025.
Key highlights from the announcement include:
- Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gating
- Delivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024
- Q1 revenue of $235.0 million
- GAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20)
- Ended the quarter with approximately $5.76 billion in total liquidity
“We continued to build momentum in the first quarter as we achieved yet another delivery record, further strengthened our market position, and executed against operational priorities,” said Marc Winterhoff, Interim CEO at Lucid.
Lucid hosted a conference call for analysts and investors at 2:30 P.M. PT / 5:30 P.M. ET on May 6, 2025.
Lucid Group (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world.
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