Lucid Group Reports Q4 and FY2024 Financial Results

Newark, Calif. — Lucid Group, Inc. (NASDAQ: LCID) reported its fourth-quarter and full-year 2024 financial results on February 25, 2025. Key highlights include:

Production and Deliveries: Produced 3,386 vehicles in Q4 and 9,029 for the year (meeting 2024 guidance of ~9,000). Delivered 3,099 vehicles in Q4 and 10,241 for the year (a 79% increase compared to Q4 2023 and 71% increase compared to FY2023). 2025 production guidance is approximately 20,000 vehicles.

Financials: Q4 revenue was $234.5 million, and full-year revenue was $807.8 million. GAAP net loss per share was $(0.22) in Q4 and $(1.25) for the year; non-GAAP net loss per share was $(0.22) in Q4 and $(1.04) for the year. The company ended Q4 with approximately $6.13 billion in total liquidity.

Leadership Change: Lucid announced a CEO transition. Marc Winterhoff, COO, was appointed Interim CEO, and Peter Rawlinson transitioned to Strategic Technical Advisor to the Chairman of the Board.