R&D expense · 2019–2025

Lucid Group R&D expense

$1.2B+3.0% · FY2025

Lucid Group (LCID) reported $1.2B in R&D expense for fiscal 2025, +3.0% year on year.

$220M2019$511M2020$750M2021$822M2022$937M2023$1.2B2024$1.2B2025
Lucid Group — R&D expense, 2019–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$1.2B+3.0%Open →
FY20242024-12-31$1.2B+25.6%Open →
FY20232023-12-31$937M+14.1%Open →
FY20222022-12-31$822M+9.5%Open →
FY20212021-12-31$750M+46.8%Open →
FY20202020-12-31$511M+132.1%Open →
FY20192019-12-31$220M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2019–2025 compound annual growth +32.9%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Lucid Group R&D expense |url=https://companiesranked.com/en/company/lucid-group/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Lucid Group R&D expense. CompaniesRanked. https://companiesranked.com/en/company/lucid-group/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-lucid-group-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Lucid Group R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/lucid-group/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001628280-26-011053 · February 24, 2026

{{cite web |title=Lucid Group R&D expense — 10-K (0001628280-26-011053) |url=https://www.sec.gov/Archives/edgar/data/1811210/000162828026011053/lcid-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-24}}

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