Lucid Group’s revenues rose sharply through the third quarter of 2025, however have been beneath analysts’ expectations at a time when the luxurious automotive maker continues to face challenges hindering the launch of its Gravity sports activities utility automobile.
The group mentioned in its monetary report, issued after Wall Avenue closed on Wednesday, that revenues for the quarter ending in September elevated 68.25% year-on-year, with the online loss shrinking to about $978 million.
It defined that the whole accessible liquidity amounted to $5.5 billion by the top of the quarter, whereas money and its equivalents stabilized with out vital change from the extent of the corresponding interval final yr at $1.6 billion.
The group acknowledged that it continues to judge financing and liquidity choices whereas it really works on launching the “Gravity” automotive and growing one other medium-sized automobile.
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Enterprise outcomes for the third quarter of 2025
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merchandise
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The third quarter of
2025
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The corresponding quarter of
2024
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Expectations
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Change between the 2 quarters
(%)
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Income
($1 million)
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336.58
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200
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379.1
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+68.25
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Web loss
($1 million)
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978.428
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992.475
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—
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—
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Adjusted loss per share (in {dollars})
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2.65
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2.76
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2.27
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—
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