Lucid Group, Inc.
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-830.9M | $-1.03B | $-1.03B | $-814.0M | $-978.4M | $-539.4M | $-366.2M | $-397.2M |
| Depreciation & Amortization | $122.5M | $122.2M | $116.4M | $122.0M | $120.1M | $111.1M | $98.0M | $90.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $36.6M | $46.6M | $61.0M | $72.4M | $115.1M | $56.3M | $27.5M | $77.1M |
| Net Cash from Operating Activities | $-752.6M | $-1.22B | $-1.19B | $-916.4M | $-756.7M | $-830.2M | $-428.6M | $-533.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $287.1M | $253.8M | $253.2M | $325.4M | $198.8M | $182.7M | $161.2M | $291.6M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-263.1M | $-282.3M | $875.2M | $-84.7M | $255.1M | $694.0M | $614.0M | $-1.58B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $1.20B | $1.55B | $35.3M | $369.6M | $376.1M | $78.9M | $62.7M | $1.83B |
| Net Change in Cash | $182.0M | $41.2M | $-275.2M | $-631.5M | $-125.5M | $-57.3M | $248.1M | $-286.6M |
| Free Cash Flow | $-1.04B | $-1.48B | $-1.44B | $-1.24B | $-955.5M | $-1.01B | $-589.9M | $-824.8M |