Lucid (LCID) Research & Development (2020 - 2026)
Lucid (LCID) reported Research & Development of $321.34 million for Q2 2026, up 17.3% from $273.84 million a year earlier but down 4.3% from the prior quarter.
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Analysis
Lucid (LCID) Research & Development (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Lucid's Research & Development came in at $1.34 billion, up 18.9% year-over-year; for FY2025, it was $1.21 billion, up 3.0% from FY2024.
- Research & Development has increased for six consecutive years, with a five-year compound annual growth rate of 18.8% (FY2020 to FY2025).
- By year, Research & Development came in at $1.18 billion in FY2024 (+25.6%), $937.01 million in FY2023 (+14.1%), $821.51 million in FY2022 (+9.5%) and $750.19 million in FY2021 (+46.8%).
- Five-year quarterly Research & Development spans a low of $163.61 million in Q4 2021 and a high of $361.01 million in Q4 2025.
- Year over year, Research & Development has now increased in each of the last four quarters, with growth averaging 14.9% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2021 (growth of 81.1%); the low point was Q3 2022 (a decline of 11.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $335.67 million (Q1 2026), $361.01 million (Q4 2025) and $325.31 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,142.14 Bn | 976.70 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 240.48 Bn | -166.26 Bn | 20.95 Bn | - |
| 3 | Ferrari | 149.20 Bn | 141.65 Bn | 1.18 Bn | 252.82 Mn |
| 4 | Honda Motor | 145.55 Bn | 12.93 Bn | 8.46 Bn | -1.53 Bn |
| 5 | General Motors | 70.62 Bn | -34.25 Bn | 7.33 Bn | - |
| 6 | Ford Motor | 48.18 Bn | -94.29 Bn | 6.08 Bn | - |
| 7 | Rivian Automotive | 20.39 Bn | -2.90 Bn | 179.00 Mn | 466.00 Mn |
| 8 | Magna International | 18.08 Bn | 15.64 Bn | 1.61 Bn | - |
| 9 | Stellantis | 12.84 Bn | -153.16 Bn | 5.55 Bn | 1.52 Bn |
| 10 | Lucid | 1.60 Bn | -3.82 Bn | -426.73 Mn | 321.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Lucid Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=LCID&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "LCID", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=LCID&period=max&api_key=YOUR_API_KEY");
const data = await res.json();