Lucid (LCID) Operating Expenses (2020 - 2026)

Over the trailing twelve months to Jun 30, 2026, Lucid reported Operating Expenses of $5.63 billion, up 43.2% year-over-year; for FY2025, it was $4.86 billion, up 26.8% from FY2024.

• Operating Expenses has increased in each of the last six years, with a five-year compound annual growth rate of 51.8% (FY2020 to FY2025).
• Going back by year, Operating Expenses was $3.83 billion in FY2024 (+3.6%), $3.69 billion in FY2023 (+15.4%), $3.2 billion in FY2022 (+105.6%) and $1.56 billion in FY2021 (+158.2%).
• The five-year range for quarterly Operating Expenses is $497.28 million (Q3 2021) to $1.59 billion (Q4 2025).
• Year-over-year, Operating Expenses has increased for eight consecutive quarters, with growth averaging 25.1% over the last eight quarters.
• The fastest year-over-year change in Operating Expenses over five years came in Q3 2021 (growth of 207.3%), and the weakest in Q4 2023 (a decline of 11.3%).
• Business Quant data shows LCID's Operating Expenses at $1.27 billion (Q1 2026), $1.59 billion (Q4 2025) and $1.28 billion (Q3 2025) in the three quarters before Q2 2026.