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

Lucid (LCID) reported 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 7 years of Research & Development data on file, last reported at $335.7 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $335.7 million, up 33.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 13.36% YoY), and the FY2025 annual result was $1.2 billion, up 2.97% from the prior year.
  • Research & Development slipped to $335.7 million in Q1 2026 per LCID's latest filing, from $361.0 million in the prior quarter.
  • Over five years, Research & Development peaked at $361.0 million in Q4 2025 and troughed at $186.1 million in Q1 2022.
  • A 5-year average of $263.6 million and a median of $251.2 million in 2025 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2024: Research & Development declined 11.82% in 2022, then surged 40.57% in 2024.
  • A 5-year view of Research & Development shows it stood at $221.3 million in 2022, then increased by 9.8% to $243.0 million in 2023, then advanced by 15.35% to $280.3 million in 2024, then rose by 28.8% to $361.0 million in 2025, then dropped 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 1,264.49 Bn 1,219.81 Bn 4.72 Bn 1.95 Bn
2 Toyota Motor 448.54 Bn 321.13 Bn 9.14 Bn -
3 General Motors 74.80 Bn 52.42 Bn 4.32 Bn -
4 Ferrari 71.95 Bn 70.15 Bn 1.09 Bn 278.21 Mn
5 Ford Motor 59.47 Bn 29.01 Bn 7.94 Bn -
6 Rivian Automotive 20.42 Bn 15.62 Bn 119.00 Mn 458.00 Mn
7 China Yuchai International 16.65 Bn 15.59 Bn 317.01 Mn -124.48 Mn
8 VinFast Auto 7.51 Bn 10.51 Bn -15,731.99 Bn -2,869.36 Bn
9 Digital Currency X Technology 5.68 Bn 5.68 Bn - -
10 Lucid 1.68 Bn 1.68 Bn -311.71 Mn 335.67 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 176.80 Mn