Welcome to our dedicated page for Lucid Group SEC filings (Ticker: LCID), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Lucid Group, Inc. filings document the regulatory record for an electric vehicle manufacturer with Class A common stock listed on Nasdaq under LCID. Its Form 8-K reports cover quarterly results, production and delivery totals, Regulation FD investor presentations, leadership and board matters, material agreements, and financing transactions.
Lucid’s filings also disclose capital-structure items such as common stock offerings, convertible preferred stock, delayed-draw term loan capacity, and strategic investments associated with PIF-affiliated Ayar Third Investment Company and Uber. Proxy materials describe shareholder voting matters, board governance, executive compensation, and equity-award disclosures.
Lucid Group’s quarter ended March 31, 2026 shows growing sales but very heavy losses and cash burn. Revenue rose to $282.5 million from $235.0 million a year earlier, driven mainly by vehicle sales of $264.7 million.
The company posted a net loss of $1.03 billion, almost triple the prior-year loss, and a basic and diluted loss per share of $3.46. Inventory write-downs and firm purchase commitment losses totaled about $237.9 million, pressuring margins. Operating cash outflow reached $1.19 billion for the quarter.
Cash and cash equivalents fell to $700.4 million, with total cash, cash equivalents and restricted cash at $765.7 million. Total debt stood at $2.76 billion, including three convertible note issues. After reflecting redeemable convertible preferred stock, stockholders’ equity turned negative at $(351.4) million. Lucid highlights ongoing funding from related-party preferred stock, credit facilities and recent equity subscriptions to support continued plant build-out and new vehicle programs amid substantial operating losses.
Lucid Group reported first quarter 2026 results showing higher sales but continued heavy losses and cash burn. The company produced 5,500 vehicles and delivered 3,093, while revenue reached $282.5 million, up 20% from the first quarter of 2025.
Net loss attributable to common stockholders was $1.13 billion, or $3.46 per share, and adjusted EBITDA was a loss of $780.6 million. Free cash flow was negative $1.44 billion as inventory increased and operating losses remained large.
Lucid ended the quarter with about $3.2 billion in liquidity. After an April capital raise of roughly $1.05 billion and a $500 million increase and draw on a Delayed Draw Term Loan from a major shareholder, pro forma liquidity would have been about $4.7 billion. The company also expanded its robotaxi partnership with Uber to at least 35,000 vehicles and named Silvio Napoli as its next CEO.
Lucid Group, Inc. reported that Ayar Third Investment Company, a subsidiary of the Public Investment Fund of Saudi Arabia, made an open-market or private purchase of 55,000 shares of Lucid’s Series C convertible preferred stock at $10,000 per share. This preferred stock is initially convertible into approximately 50,850,591 shares of Class A common stock in total, subject to price and event-based conditions set out in the Series C Certificate of Designations. Because Ayar is wholly owned by the Public Investment Fund, the fund may be deemed to beneficially own these shares, while Ayar’s co-managers are described as having no pecuniary interest.
Lucid Group, Inc. received a significant capital infusion as Ayar Third Investment Company, an affiliate of Saudi Arabia’s Public Investment Fund (PIF), purchased $550 million of Series C Convertible Preferred Stock in a private placement. The preferred stock carries a 9% annual compounded dividend, ranks senior to common stock, and is initially convertible into common shares at $10.8160 per share, subject to anti-dilution adjustments.
PIF and its affiliate Ayar now report beneficial ownership of roughly 280–281 million Lucid shares, representing about 56.7–56.9% of Lucid’s outstanding common stock as of April 28, 2026, giving them majority economic and voting influence (subject to a 19.99% voting cap unless shareholders later approve an increase). Lucid also amended its delayed-draw term loan facility, increasing undrawn commitments by $500 million so that total delayed-draw term loans and commitments reached approximately $2.5 billion, while removing a minimum liquidity covenant and a requirement to fully utilize its asset-based lending facility before borrowing under this term loan structure.
Lucid Group, Inc. completed a private placement in which Ayar Third Investment Company, its majority shareholder and affiliate of the Public Investment Fund, purchased 55,000 shares of Series C Convertible Preferred Stock for an aggregate purchase price of $550,000,000 on April 28, 2026. The preferred shares, issued under a newly filed Certificate of Designations, are convertible into Class A common stock and were sold in a transaction exempt from registration under Section 4(a)(2) of the Securities Act. On the same date, Lucid and Ayar entered into Amendment No. 7 to the Investor Rights Agreement, giving Ayar piggy-back and shelf registration rights for the preferred shares and any common shares issuable upon conversion. The unregistered equity issuance and related amendments also result in modifications to the company’s organizational documents and security holder rights.
Lucid Group, Inc. director Nouri Chabi reported a routine tax-related share disposition. On April 24, 2026, 210 shares of Class A common stock were withheld by Lucid to cover tax withholding and remittance obligations triggered by the time-based vesting of previously reported restricted stock units.
These shares were not sold in the open market but used to satisfy tax liabilities. After this withholding, Chabi beneficially owns 24,156 shares of Lucid Class A common stock, with the share count updated to reflect rounding impacts from a prior reverse stock split.
Lucid Group, Inc. announced the appointment of Silvio Napoli as its next Chief Executive Officer and confirmed an upcoming virtual Annual Meeting of Stockholders to be held on June 4, 2026 at 9:00 a.m. PT. The company emphasized leadership continuity, capital‑efficient partnerships, and a focus on scaling new midsize vehicles to pursue profitability.
The proxy materials set an April 6, 2026 record date and disclose 330,144,675 shares of Class A Common Stock outstanding and 100,000 Series A and 75,000 Series B convertible preferred shares (convertible into 53,132,446 Common Stock on an as‑converted basis), for a total of 383,277,121 votes. The Board recommends votes for director nominees, appointment of KPMG LLP as auditor, advisory executive compensation approval, and amendment of the 2021 Stock Incentive Plan.
Lucid Group, Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on June 4, 2026. Investors will elect nine directors, ratify KPMG LLP as auditor for 2026, cast an advisory vote on executive pay, and approve amendments to the 2021 Stock Incentive Plan.
Holders of 330,144,675 shares of Common Stock and Convertible Preferred Stock convertible into 53,132,446 Common shares are entitled to an aggregate 383,277,121 votes as of April 6, 2026. The company describes board structure, committee responsibilities, director nominees, voting mechanics, and stockholder proposal deadlines for the 2027 meeting.
Uber Technologies, Inc. reports beneficial ownership of 37,753,583 shares of Lucid Group, Inc. Class A common stock, representing 11.52% of the Class A shares. These shares are held through SMB Holding, an indirect, wholly owned subsidiary of Uber.
The ownership percentage was calculated based on 327,684,243 Class A shares issued as of February 18, 2026. The statement is signed by Balaji Krishnamurthy, Chief Financial Officer, dated April 20, 2026. CUSIP for the Class A shares is 549498202.
Uber Technologies, Inc. filed an initial ownership report showing a significant stake in Lucid Group, Inc. The filing lists beneficial ownership of 37,753,583 shares of Lucid Class A common stock. These shares are recorded in the name of SMB Holding Corporation, a wholly owned Uber subsidiary, indicating Uber’s position as a large, over ten-percent owner rather than reporting a new purchase or sale.