LCID Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), LCID reported revenue of $523M, gross profit of $422M (-80.7% gross margin), operating income of −$1.1B, and net income of −$814M (-155.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
LCID reported a net loss; revenue grew 122.9% year over year, and EPS missed consensus by $1.13.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +122.9% | −104.9% | Not available |
| Quarter over quarter | +55.3% | +16.8% | Not available |
EPS was $-3.62 versus $-2.49 expected.
LCID Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $523M | 100% |
| Cost of Revenue | −$945M | 180.7% |
| Gross Profit | −$422M | -80.7% |
| Research & Development | −$361M | 69.1% |
| Selling, General & Administrative | −$282M | 53.9% |
| Operating Income | −$1.1B | -203.7% |
| Interest Expense | −$22M | 4.2% |
| Other Income, net | $252M | 48.3% |
| Income Tax Expense | −$2M | 0.3% |
| Net Income | −$814M | -155.7% |
Source: original SEC filing (filed 2026-01-05). Accession 0001628280-26-000236. Data normalized by EarningsFyi.