Lucid has unveiled its financial report for the first fiscal quarter of 2026, covering the period from January to March 2026. The report indicates that the company achieved a total operating revenue of $282.5 million, marking a 20% increase compared to the same period in the previous year. However, it also reported a net loss attributable to shareholders (parent company) of $1.134 billion, representing a 55% year-on-year widening. Moreover, the operating cash flow stood at -$1.186 billion.

During this quarter, Lucid produced 5,500 vehicles, a significant 149% rise from the same period last year, and delivered 3,093 units, showing a year-on-year growth in deliveries. Notably, total orders in North America experienced a remarkable 144% month-on-month surge.

In terms of financing, Lucid secured approximately $1.05 billion in the first quarter, with its liquidity reaching around $3.2 billion by the end of the quarter. After the financing, the total liquidity is projected to increase to approximately $4.7 billion.

Furthermore, Lucid made notable strides in its business operations. It expanded its partnership with Uber, earned the prestigious 2026 World Luxury Car title for its Lucid Gravity model, announced its first authorized European retail and service partner, and appointed a new CEO. These developments underscore Lucid's continued progress towards achieving financial self-sufficiency.