Lucid Group, Inc. · NASDAQ:LCID
Lucid — Q3 2025 Earnings Presentation
23 slides from Lucid's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Earnings Release
Third Quarter 2025 Earnings Release November 5, 2025 LUCID GROUP, INC.
Slide 2: Forward Looking Statements, Trademarks, Non-GAAP Financial Measures
THIRD QUARTER 2025 EARNINGS RELEASE Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of
Slide 3: Q3 2025 Key Achievements and Recent Highlights
THIRD QUARTER 2025 EARNINGS RELEASE Q3 2025 Key Achievements and Recent Highlights Q3 2025 Highlights • Seventh consecutive quarter of record deliveries, achieving 47% year- over-year growth compared to Q3 2024 • Record quarterly revenue in Q3 of $336.6 million • Q3 GAAP diluted net loss per share o
Slide 4: Ramping Production and Deliveries
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Ramping Production and Deliveries Production Deliveries • Produced 3,891 vehicles in Q3 — up 4,078 116% year-over-year, with more than 3,863 3,891 1,000 additional vehicles built for
Slide 5: Key Financial Results for Q3 2025
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Key Financial Results for Q3 2025 Sequential increases in deliveries and ASP demonstrate continued growth; tariffs had an impact of (13 pts) on GAAP Gross Margin and pressured Adjust
Slide 6: Key Leadership Changes
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Key Leadership Changes Key organizational changes designed to accelerate growth, streamline decision-making, and reinforce accountability as the company scales globally. Emad Dlala E
Slide 7: Driving Supply Chain Stability and Performance
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Driving Supply Chain Stability and Performance Building resilience across global operations • Streamlining production by resolving key supply-driven bottlenecks • Quickly mitigated a
Slide 8: Track Record of Prudent Liquidity
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Track Record of Prudent Liquidity Strong Liquidity Position with Diverse Funding Sources LIQUIDITY • Subsequent to quarter end, the PIF and Lucid agreed to increase the DDTL facility
Slide 9: Driving Brand Awareness
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Driving Brand Awareness 1. National Broadcast Activation 2. High-Impact Reach 3. Global Performance Recognition The initial ‘Driven’ ad spot reached 19.7M Launched the ‘We Ride for N
Slide 10: Expanding the Lucid Studio and Service Network for Greater Customer Access
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Expanding the Lucid Studio and Service Network for Greater Customer Access • Lucid has 44 Studios and service centers in North America, 12 in Europe, Oslo, Norway and 4 in Middle Eas
Slide 11: Atlas Extends Lucid's Technology Leadership for Midsize Vehicles and Beyond
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Atlas Extends Lucid’s Technology Leadership for Midsize Vehicles and Beyond Engineering Innovations Driving Scalable Efficiency Lucid Drive Units (non-exhaustive) and Supply Chain Re
Slide 12: Delivering on Software-Defined Platform for B2B Autonomy with Uber and Nuro
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Delivering on Software-Defined Platform for B2B Autonomy with Uber and Nuro Executing on partnership, validating our platform • Lucid, Uber, and Nuro launched a global premium robota
Slide 13: Targeting First to Market in L4 Autonomy for Consumers with NVIDIA
1. DISCIPLINED EXECUTION 2. AWARENESS & DEMAND 3. EXTENDING TECHNOLOGY LEADERSHIP THIRD QUARTER 2025 EARNINGS RELEASE Targeting First to Market in L4 Autonomy for Consumers with NVIDIA Strategic Expansion into B2C Autonomous Mobility • Lucid has announced plans to jointly develop with NVIDIA one of
Slide 14: Lucid 2025 Outlook
THIRD QUARTER 2025 EARNINGS RELEASE Lucid 2025 Outlook Key Guidance Factors and Item Guidance Prior Guidance Considerations • Production volume assumes adequate Production Volume ~18,000 vehicles 18,000 - 20,000 vehicles supply of materials and the absence of further supply chain disruptions • Capit
Slide 15: Financials
THIRD QUARTER 2025 EARNINGS RELEASE Financials LUCID GROUP, INC. 15
Slide 16: Financial Highlights: Strength of Balance Sheet and Investments for Growth
THIRD QUARTER 2025 EARNINGS RELEASE Financial Highlights: Strength of Balance Sheet and Investments for Growth BALANCE SHEET (in millions, unless otherwise stated; unaudited) 9/30/25 12/31/24 Lucid ended the third quarter of 2025 with approximately $3.0 billion cash, cash equivalents, investments, a
Slide 17: Condensed Consolidated Balance Sheets (Unaudited)
THIRD QUARTER 2025 EARNINGS RELEASE Condensed Consolidated Balance Sheets (Unaudited) LIABILITIES, REDEEMABLE CONVERTIBLE September 30, 2025 December 31, 2024 PREFERRED STOCK, AND STOCKHOLDERS’ (In thousands) September 30, 2025 December 31, 2024 EQUITY ASSETS Current liabilities: Current assets: Acc
Slide 18: Condensed Consolidated Statements of Operations & Comprehensive Loss (Unaudited)
THIRD QUARTER 2025 EARNINGS RELEASE Condensed Consolidated Statements of Operations & Comprehensive Loss (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2025 2024 2025 2024 Revenue $ 336,580) $ 200,038) $ 831,060) $ 573,359
Slide 19: Condensed Consolidated Statement of Cash Flows (Unaudited)
THIRD QUARTER 2025 EARNINGS RELEASE Condensed Consolidated Statement of Cash Flows (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2025 2024 2025 2024 Net cash used in operating activities $ (756,650) $ (462,795) $ (2,015,504) $ (1,486,527) Net cash provid
Slide 20: Appendix
THIRD QUARTER 2025 EARNINGS RELEASE Appendix LUCID GROUP, INC. 20
Slide 21: Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)
THIRD QUARTER 2025 EARNINGS RELEASE Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2025 2024 2025 2024 ADJUSTED EBITDA Net loss attributable to common stockholders, basic (GAAP) $ (1,034,549) $ (949,63
Slide 22: Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) – Continued
THIRD QUARTER 2025 EARNINGS RELEASE Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) – Continued Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 (In thousands, except share and per share data) ADJUSTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) – Continued
THIRD QUARTER 2025 EARNINGS RELEASE Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) – Continued Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2025 2024 2025 2024 FREE CASH FLOW Net cash used in operating activities (GAAP) $ (755,650) $ (462,795) $