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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,211.80 Bn | 1,168.28 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 255.99 Bn | 127.54 Bn | 12.27 Bn | - |
| 3 | Honda Motor | 131.57 Bn | 91.43 Bn | 8.46 Bn | -1.53 Bn |
| 4 | Ford Motor | 80.14 Bn | 48.80 Bn | 6.08 Bn | - |
| 5 | General Motors | 76.77 Bn | 52.05 Bn | 7.33 Bn | - |
| 6 | Ferrari | 74.09 Bn | 72.34 Bn | 1.18 Bn | 252.82 Mn |
| 7 | Rivian Automotive | 20.91 Bn | 15.60 Bn | 179.00 Mn | 466.00 Mn |
| 8 | Stellantis | 15.36 Bn | -26.10 Bn | 5.55 Bn | 1.52 Bn |
| 9 | Li Auto | 11.84 Bn | -726.49 Mn | 417.98 Mn | -409.08 Mn |
| 10 | Lucid | 1.82 Bn | 1.06 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 |