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| Date | Value |
|---|---|
| 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 |