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