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