By Amira McKee

Lucid Group posted higher fourth-quarter revenue and plans to continue boosting its electric-vehicle production and deliveries in 2026.

The electric-vehicle maker logged a fourth-quarter net loss of $814 million, or $3.62 a share, compared with a loss of $397.2 million, or $2.24 a share, a year earlier.

Adjusted earnings came in at a loss of $3.08 a share.

Revenue grew more than doubled to $522.7 million from the same period a year earlier. That also beat Wall Street's forecast of $459.5 million, according to FactSet.

Lucid delivered 5,345 vehicles in the quarter, up 72% from the year before. The company produced 7,874 vehicles in the quarter, and nearly doubled production to 17,840 vehicles in 2025.

Total cost and expenses jumped to $1.59 billion, up from $967.4 million a year earlier.

For 2026, Lucid anticipates production of 25,000 to 27,000 vehicles.

Interim Chief Executive Marc Winterhoff said the company focused on making progress toward profitability and is looking forward to the production of its first midsize vehicles and the deployment of the first Lucid robotaxis into commercial service.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

February 24, 2026 16:45 ET (21:45 GMT)

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