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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently Lucid Group runs and where it’s prioritizing investment.Lucid has shifted its expense mix toward R&D—R&D spending now outpaces SG&A—signaling heavy investment in the M2 and robotaxi programs; restructuring charges were episodic and have largely subsided, so future margin relief must come from headcount and unit-cost cuts rather than more one‑offs. Recent capital raises materially de-risk liquidity, but elevated operating burn, inventory impairments and underabsorbed fixed costs keep near-term profitability highly uncertain; execution on the announced cost-savings and production-efficiency targets will determine whether these investments translate into sustainable margins.
Date | Research and Development | Restructuring Charges | Selling, General, and Administrative |
|---|---|---|---|
Jun 30, 2026 | $321.34M | $33.67M | $300.43M |
Mar 31, 2026 | $335.67M | $0.00 | $304.18M |
Dec 31, 2025 | $361.01M | $0.00 | $281.84M |
Sep 30, 2025 | $325.31M | $0.00 | $283.10M |
Jun 30, 2025 | $273.84M | $0.00 | $256.86M |
Mar 31, 2025 | $251.25M | $0.00 | $212.18M |
Dec 31, 2024 | $280.29M | $0.00 | $243.89M |
Sep 30, 2024 | $324.37M | $76.00M | $233.59M |
Jun 30, 2024 | $287.17M | $20.23M | $210.25M |
Mar 31, 2024 | $284.63M | $0.00 | $213.23M |