Automobiles
Price
$6.08
-8.30%Market Cap
$2.37B
Day High
$6.91
Day Low
$5.96
Lucid Group reported Q1 FY2026 revenue of $282.5M (+20.2% YoY) but posted a net loss of $1.03B (-180.8% YoY), with negative stockholders' equity of -$351.4M and cash declining 62.2% to $700.4M, raising serious questions about its financial sustainability.
Key risk: Severe Liquidity Risk and Negative Stockholders' Equity
Lucid's stockholders' equity turned deeply negative at -$351.4M (from +$3.18B a year ago), and cash fell to $700.4M while operating cash burn reached -$1.19B in a single quarter. At this burn rate, the company may exhaust its cash within one quarter without additional financing. This creates an existential near-term liquidity risk.