Lucid Reports Q4 Earnings: Revenue Beats Expectations, but Full-Year Loss Widens; 2025 EBITDA Loss Forecast at $2.8 Billion

Lucid (LCID) reported mixed results in its latest fourth-quarter earnings release. While quarterly revenue reached $522.7 million—significantly surpassing the expected $459.4 million and marking a 123% year-over-year increase, primarily driven by the ramp-up of Gravity SUV production—the company's full-year losses widened further. Lucid now forecasts an adjusted EBITDA loss of $2.8 billion for 2025. Nevertheless, the company expressed optimism for 2026, providing positive production guidance and disclosing current total liquidity of $4.6 billion to support its ongoing operations.