Lucid (LCID) Operating Expenses (2020 - 2026)

Lucid (LCID) reported Operating Expenses of $1.3 billion for Q1 2026, up 37.21% year-over-year from $927.0 million in Q1 2025, and down 19.88% quarter-over-quarter from $1.6 billion in Q4 2025.

Lucid (LCID) Operating Expenses (2020 - 2026) Analysis & Trends

Lucid (LCID) has 7 years of Operating Expenses data on file, last reported at $1.3 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.3 billion, up 37.21% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.2 billion (up 34.97% YoY), and the FY2025 annual result was $4.9 billion, up 26.82% from the prior year.
  • Operating Expenses declined to $1.3 billion in Q1 2026 per LCID's latest filing, from $1.6 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.6 billion in Q4 2025 and troughed at $655.2 million in Q1 2022.
  • A 5-year average of $991.4 million and a median of $967.4 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 163.57% in 2022, then retreated 11.26% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $1.0 billion in 2022, then decreased by 11.26% to $894.0 million in 2023, then gained by 8.21% to $967.4 million in 2024, then surged by 64.09% to $1.6 billion in 2025, then declined by 19.88% to $1.3 billion in 2026.
  • Business Quant data shows LCID's Operating Expenses at $1.3 billion in Q1 2026, $1.6 billion in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,264.49 Bn 1,219.81 Bn 4.72 Bn 3.78 Bn
2 Toyota Motor 448.54 Bn 321.13 Bn 9.14 Bn 76.70 Bn
3 General Motors 74.80 Bn 52.42 Bn 4.32 Bn 40.70 Bn
4 Ferrari 71.95 Bn 70.15 Bn 1.09 Bn 479.59 Mn
5 Ford Motor 59.47 Bn 29.01 Bn 7.94 Bn 40.92 Bn
6 Rivian Automotive 20.42 Bn 15.62 Bn 119.00 Mn 1.00 Bn
7 China Yuchai International 16.65 Bn 15.59 Bn 317.01 Mn -282.20 Mn
8 VinFast Auto 7.51 Bn 10.51 Bn -15,731.99 Bn -11,212.24 Bn
9 Digital Currency X Technology 5.68 Bn 5.68 Bn - -
10 Lucid 1.68 Bn 1.68 Bn -311.71 Mn 1.27 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.27 Bn
Dec 31, 2025 1.59 Bn
Sep 30, 2025 1.28 Bn
Jun 30, 2025 1.06 Bn
Mar 31, 2025 926.98 Mn
Dec 31, 2024 967.42 Mn
Sep 30, 2024 970.58 Mn
Jun 30, 2024 988.00 Mn
Mar 31, 2024 902.66 Mn
Dec 31, 2023 894.02 Mn
Sep 30, 2023 890.69 Mn
Jun 30, 2023 988.56 Mn
Mar 31, 2023 921.59 Mn
Dec 31, 2022 1.01 Bn
Sep 30, 2022 882.98 Mn
Jun 30, 2022 656.54 Mn
Mar 31, 2022 655.21 Mn
Dec 31, 2021 512.08 Mn
Sep 30, 2021 497.28 Mn
Jun 30, 2021 249.09 Mn