Lucid Group Inc. Common Stock (LCID)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am a value investor, so I start with durability and financial staying power. Lucid designs and sells electric vehicles, powertrains, and battery systems, and it has grown revenue from $595.3 million in fiscal 2023 to $807.8 million in fiscal 2024 to $1.4 billion in fiscal 2025, according to filed figures. In the quarter ended 2026-06-30, revenue was $405.3 million, but net income was -$1.0 billion and diluted EPS was -$3.30; the net margin was -255.30%. That is not a business earning its cost of capital; it is a business consuming it. Trailing free cash flow is -$5.1 billion, and FairStock's FCF yield is -386.7%. Financial risk is high: debt-to-equity is 1.98, while FairStock calculations show ROE of -125.99%, ROCE of -30.70%, Altman Z-score of -3.47, and Piotroski F-score of 4/9. The company has lost money in each of the last four years, so the supplied Lynch category is none. A moat is hard to find in capital-intensive auto manufacturing, even with in-house software and a Bolt partnership. At the 2026-10-13 close of $3.36, FairStock calculates P/B at 2.76 and P/E at -0.24. I would want evidence of shrinking losses, positive free cash flow, and a stronger balance sheet before calling this a bargain. Until then, the price may reflect hope more than demonstrated earning power.

In plain English: Lucid makes electric cars and battery systems. It is selling more vehicles from 2023 to 2025, but it still loses billions of dollars a year and burns through cash. At the recent close of $3.36, the stock looks expensive relative to its hard numbers, and the business looks financially weak.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer