Lucid Group (LCID) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Lucid Group

NasdaqGS•Consumer Cyclical•Auto Manufacturers

$4.04-0.08(-0.02%)Pre-market

Market Cap

$1.56B

P/S

1.0x

Lucid Group, Inc., a technology company, designs, develops, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. The company provides Lucid Air sedan and Lucid Gravity SUV. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services. The company is headquartered in Newark, California. Lucid Group, Inc. is a subsidiary of Ayar Third Investment Company.

How this company scores

WeakMetricSide Score: 31/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (16/25); weakest: Profitability (3/25).

Profitability3/25

Growth16/25

Balance Sheet & Red Flags4/25

Cash & Earnings Quality8/25

Strengths

Growing revenueCash-backed earningsConsistent growthImproving margins

Grade capped at D

Negative equity — the balance sheet is insolvent.
Interest coverage below 1× (-21.3x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 1.0x5y range 1.0x – 137860.4x

Currently below its 20-quarter median.

P/B · 4.9x5y range 1.6x – 11.4x

Currently above its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.56B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.55B
Q. Revenue: $405.35M
TTM EBITDA: $-3.60B
TTM Op. Income: $-4.08B
Q. Op. Income: $-1.08B
TTM Net Income: $-3.86B
Q. Net Income: $-1.03B
EPS: $-3.3
Shares Out.: $382.10M

$1.55B in TTM revenue grew 66.5% YoY, reaching $405.35M last quarter. TTM EBITDA of $-3.60B and TTM operating income of $-4.08B show growth is flowing through to the bottom line. However, net income is negative at $3.86B — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: -105.3%
EBITDA Margin: -236.8%
Op. Margin: -267.0%
Net Margin: -255.3%

Op. margin of -267.0% is up 42.6% YoY — cost efficiency is improving. Net margin at -255.3% and gross margin of -105.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 14% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.0x
P/B Ratio: N/A

P/S of 1.0x and P/B of 0.0x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.70B
Cash: $732.60M
Long-Term Debt: $2.55B
Book Value: $-1.06B
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-1.22B
TTM Free Cash Flow: $-5.11B
FCF Margin: -330.4%
FCF / Net Income: 1.3

TTM FCF of $-5.11B on $-1.22B in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 5 consecutive quarters — a weakening trend.