LCID Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), LCID reported revenue of $282M, gross profit of $312M (-110.4% gross margin), operating income of −$952M, and net income of −$1.0B (-364.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
LCID reported a net loss; revenue fell 46.0% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −46.0% | −26.3% | −208.3 pp |
Consensus estimate data is not available for this report.
LCID Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $282M | 100% |
| Cost of Revenue | −$594M | 210.4% |
| Gross Profit | −$312M | -110.4% |
| Research & Development | −$336M | 118.8% |
| Selling, General & Administrative | −$304M | 107.7% |
| Operating Income | −$952M | -336.9% |
| Interest Expense | −$41M | 14.5% |
| Other Income, net | −$77M | 27.1% |
| Income Tax Expense | −$177,000 | 0.1% |
| Net Income | −$1.0B | -364.1% |
Source: LCID filings on SEC EDGAR (period ended 2026-03-31). Data normalized by EarningsFyi.