Lucid Group announced its financial results for the third quarter of 2025.

Financial Highlights

Lucid Group, Inc. produced a total of 3,891 vehicles in the third quarter of 2025, representing a 116% increase compared to the third quarter of 2024. Additionally, over 1,000 extra vehicles were produced to complete assembly for Saudi Arabia.

Third-quarter sales totaled 4,078 vehicles, reflecting a 47% increase compared to the same period last year. The total revenue for this quarter was reported at $336.6 million, which signifies a 68% increase from the third quarter of 2024.

At the end of the third quarter, the amount of the Delayed Draw Term Loan (DDTL) between the Public Investment Fund (PIF) and Lucid was increased from $750 million to approximately $2.0 billion. With this additional financing, Lucid's total liquidity at the end of the quarter was estimated to be about $5.5 billion, representing a 30% increase from its current liquidity of $4.2 billion.

Operational Highlights

Lucid has initiated a strategic partnership with NVIDIA to work on advanced Level 4 autonomous driving technology. This collaboration positions Lucid as a leader in software-focused vehicle development, providing the opportunity to be one of the first brands to offer Level 4 autonomous driving capabilities to private consumers.

Additionally, the company delivered its first Lucid vehicles to the robotaxi engineering fleet in collaboration with Uber, marking a milestone for a pilot project planned to begin in San Francisco in 2026.

Uber's strategic investment of $300 million in Lucid strengthened the alignment towards shared goals. Furthermore, significant organizational changes were announced aimed at accelerating growth, simplifying decision-making processes, and increasing accountability.

Marc Winterhoff, Lucid's Interim CEO, stated, "We maintained strong operational momentum this quarter, achieving solid results in production and customer deliveries. Our team continues to focus on increasing production and addressing significant supply chain disruptions affecting the entire industry."

Taoufiq Boussaid, CFO, commented, "We operated in a disciplined manner in a complex business environment this quarter. Our solid liquidity position is supported by the additional liquidity provided by the PIF and is crucial for both our short-term and mid-term strategies."