Lucid (LCID) Research & Development (2020 - 2026)

Lucid (LCID) posted quarterly Research & Development of $335.7 million for Q1 2026, up 33.6% year-over-year from $251.2 million in Q1 2025, and down 7.02% quarter-over-quarter from $361.0 million in Q4 2025.

Lucid (LCID) Research & Development (2020 - 2026) Analysis & Trends

Lucid (LCID) has reported Research & Development for 7 consecutive years, with $335.7 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Research & Development rose 33.6% year-over-year to $335.7 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 13.36% YoY), while the FY2025 annual figure was $1.2 billion, up 2.97% from the prior year.
  • Research & Development fell to $335.7 million in Q1 2026 per LCID's latest filing, from $361.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $361.0 million in Q4 2025 and bottomed at $186.1 million in Q1 2022.
  • Historically, Research & Development has averaged $263.6 million across 5 years, with a median of $251.2 million in 2025.
  • Annual changes were most pronounced in 2022 — Research & Development declined 11.82% — and 2024, when it surged 40.57%.
  • Lucid's Research & Development stood at $221.3 million in 2022, then rose by 9.8% to $243.0 million in 2023, then climbed by 15.35% to $280.3 million in 2024, then gained by 28.8% to $361.0 million in 2025, then declined by 7.02% to $335.7 million in 2026.
  • Business Quant data shows LCID's Research & Development at $335.7 million in Q1 2026, $361.0 million in Q4 2025, and $325.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Tesla 1,062.42 Bn 1,018.89 Bn 4.75 Bn 2.37 Bn
2 Toyota Motor 248.02 Bn 113.80 Bn 12.27 Bn -
3 Honda Motor 127.13 Bn 92.93 Bn -34.06 Bn 15.60 Bn
4 Ford Motor 81.51 Bn 50.18 Bn 6.08 Bn -
5 General Motors 78.38 Bn 53.66 Bn 7.33 Bn -
6 Li Auto 26.25 Bn 12.80 Bn 262.11 Mn -394.63 Mn
7 Xpeng 23.13 Bn 20.59 Bn 388.90 Mn -421.43 Mn
8 Rivian Automotive 21.08 Bn 15.77 Bn 179.00 Mn 466.00 Mn
9 Stellantis 16.04 Bn -25.41 Bn 5.55 Bn 1.52 Bn
10 Lucid 2.68 Bn 1.92 Bn -426.73 Mn 321.34 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 321.34 Mn
Mar 31, 2026 335.67 Mn
Dec 31, 2025 361.01 Mn
Sep 30, 2025 325.31 Mn
Jun 30, 2025 273.84 Mn
Mar 31, 2025 251.25 Mn
Dec 31, 2024 280.29 Mn
Sep 30, 2024 324.37 Mn
Jun 30, 2024 287.17 Mn
Mar 31, 2024 284.63 Mn
Dec 31, 2023 242.98 Mn
Sep 30, 2023 230.76 Mn
Jun 30, 2023 233.47 Mn
Mar 31, 2023 229.80 Mn
Dec 31, 2022 221.29 Mn
Sep 30, 2022 213.76 Mn
Jun 30, 2022 200.38 Mn
Mar 31, 2022 186.08 Mn
Dec 31, 2021 163.61 Mn
Sep 30, 2021 242.41 Mn