Lucid Group (LCID) reported a record delivery of 15,841 vehicles for the year 2025, marking a 55% increase year-over-year. In the fourth quarter alone, deliveries reached 5,345 units, up 31% from the previous quarter, continuing an eight-quarter streak of new highs.
Production also surged, with a total output of 18,378 vehicles in 2025. The fourth quarter alone saw production rise to 8,412 units, a 116% increase from the third quarter, as the Gravity SUV became the majority of the quarterly production. Despite this growth, the company reported a free cash outflow of approximately $956 million in Q3 2025, with liquidity standing at $4.2 billion at the end of the quarter.
As production momentum continues into 2026, Lucid’s revenue forecast indicates a 55% increase year-over-year alongside a richer model mix due to the popularity of the Gravity SUV. In contrast, competitors like Rivian and Tesla experienced delivery declines in 2025, underscoring Lucid’s successful shift in production strategy.
