Lucid (LCID) Cost of Revenue (2020 - 2026)

Lucid (LCID) posted quarterly Cost of Revenue of $594.2 million for Q1 2026, up 28.18% YoY from $463.6 million in Q1 2025, and down 37.1% sequentially from $944.6 million in Q4 2025.

Lucid (LCID) Cost of Revenue (2020 - 2026) Analysis & Trends

Lucid has disclosed Cost of Revenue across 7 years of filings, most recently posting $594.2 million for Q1 2026.

  • In Q1 2026, Cost of Revenue rose 28.18% year-over-year to $594.2 million; the TTM figure through Mar 2026 stood at $2.7 billion (up 53.14% YoY), while the FY2025 annual figure was $2.6 billion, up 50.8% from the prior year.
  • Cost of Revenue slipped to $594.2 million in Q1 2026, from $944.6 million in the prior quarter.
  • Over the last five years, Cost of Revenue for LCID reached as high as $944.6 million in Q4 2025 and fell as low as $246.0 million in Q1 2022.
  • The 5-year median for Cost of Revenue is $470.4 million (2024), against an average of $501.0 million.
  • Annual changes were most pronounced in 2022 — Cost of Revenue jumped 1538542.11% — and 2023, when it tumbled 33.36%.
  • A 5-year view of Cost of Revenue shows it stood at $615.3 million in 2022, then plunged by 33.36% to $410.0 million in 2023, then rose by 8.11% to $443.2 million in 2024, then jumped by 113.12% to $944.6 million in 2025, then tumbled by 37.1% to $594.2 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $594.2 million, $944.6 million, and $670.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Tesla 1,375.42 Bn 1,330.73 Bn 4.72 Bn 17.67 Bn
2 Ford Motor 78.30 Bn 47.85 Bn 7.94 Bn 35.31 Bn
3 General Motors 68.82 Bn 46.43 Bn 4.32 Bn 35.03 Bn
4 Xpeng 40.80 Bn 38.26 Bn 388.90 Mn 1.50 Bn
5 Rivian Automotive 21.46 Bn 16.65 Bn 119.00 Mn 1.26 Bn
6 Li Auto 12.40 Bn -965.30 Mn 262.11 Mn 3.07 Bn
7 Nio 12.31 Bn 9.20 Bn 704.43 Mn 3.00 Bn
8 VinFast Auto 7.23 Bn 91,500.01 Bn -17,004.89 Bn 40,115.94 Bn
9 Lucid 2.18 Bn 1.48 Bn -311.71 Mn 594.17 Mn
10 China Yuchai International 1.74 Bn 678.93 Mn 317.01 Mn 1.36 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 594.17 Mn
Mar 31, 2026 594.17 Mn
Dec 31, 2025 944.64 Mn
Dec 31, 2025 944.64 Mn
Sep 30, 2025 670.20 Mn
Sep 30, 2025 670.20 Mn
Jun 30, 2025 531.78 Mn
Jun 30, 2025 531.78 Mn
Mar 31, 2025 463.56 Mn
Mar 31, 2025 463.56 Mn
Dec 31, 2024 443.25 Mn
Dec 31, 2024 443.25 Mn
Sep 30, 2024 412.54 Mn
Sep 30, 2024 412.54 Mn
Jun 30, 2024 470.36 Mn
Jun 30, 2024 470.36 Mn
Mar 31, 2024 404.80 Mn
Mar 31, 2024 404.80 Mn
Dec 31, 2023 410.02 Mn
Dec 31, 2023 410.02 Mn