LCID: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	1.35bn	808m
Cost of revenue	2.61bn	1.73bn
Research and development	1.21bn	1.18bn
Selling, general and administrative	1.03bn	901m
Operating expenses	4.86bn	3.83bn
Operating income	−3.50bn	−3.02bn
Pre-tax income	−2.70bn	−2.71bn
Income tax	−2m	1m
Net income	−2.70bn	−2.71bn
Earnings per share	−11.81	−12.52
Earnings per share, diluted	−12.09	−12.52
Weighted average shares	312m	245m
Weighted average shares, diluted	313m	245m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	700m	998m	1.64bn	1.80bn	1.85bn	1.61bn	1.89bn	1.35bn
Short-term investments	0	631m	702m	1.03bn	1.76bn	2.42bn	1.58bn	1.86bn
Receivables	131m	177m	138m	125m	90m	112m	98m	101m
Inventory	1.47bn	1.11bn	981m	713m	471m	408m	507m	510m
Current assets	2.76bn	3.30bn	3.80bn	3.95bn	4.42bn	4.87bn	4.25bn	4.00bn
Total assets	7.48bn	8.39bn	8.82bn	8.87bn	9.22bn	9.65bn	8.49bn	8.22bn
Current liabilities	2.69bn	2.64bn	2.10bn	1.53bn	1.33bn	1.17bn	1.15bn	1.01bn
Short-term debt	707m	672m	—	—	—	126m	—	—
Long-term debt	2.05bn	2.05bn	2.04bn	2.04bn	2.00bn	2.00bn	2.00bn	2.00bn
Total liabilities	5.45bn	5.39bn	5.10bn	4.60bn	4.37bn	4.48bn	4.75bn	4.06bn
Equity	−351m	717m	1.80bn	2.41bn	3.18bn	3.87bn	2.68bn	3.52bn
Shares outstanding	330m	327m	324m	3.07bn	3.05bn	303m	2.34bn	2.32bn
Shares issued	330m	327m	324m	3.07bn	3.05bn	303m	2.34bn	2.32bn
Treasury shares	85,782	85,782	85,782	857,825	857,825	85,782	857,825	857,825