Lucid Group Inc. (LCID) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Per the Roarable RQD rating, LCID scores 16 out of 100 with a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 2/20 (ROIC -35%; FCF yield -18%); Whale 13F Flow at 4/20 (institutional accumulation and options positioning); Insider Conviction at 4/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 3/20 (Beta 1.12; sector sensitivity); and Forensic Balance Sheet at 3/20 (Altman Z 0.45; Piotroski F 3/9; Debt/Equity 2.85). For a prospective investor, the weakest pillar is the cash engine, which shows negative returns on invested capital and negative free-cash-flow yield, meaning the business is not currently generating cash relative to its capital base. The forensic pillars flag balance-sheet and financial-health stress across multiple measures. The institutional and insider pillars are also scored low, so the rating does not identify smart-money conviction as an offsetting positive. Any upside case rests on a turnaround in cash generation, which the source data does not show as current. Valuation tradeoffs are significant: the stock trades at a forward P/E of 23 while trailing EPS is -6.85, so earnings-based valuation depends entirely on projected recovery. The rating characterizes the stock as high-risk and not suitable as a basis for a buy decision on these inputs alone.

Per the SEC financials, revenue rose from $595.3M in FY 2023 to $1353.8M in FY 2025, while operating income and net income remained deeply negative in every period shown. Per the market data, gross margin is -30%, operating margin -60%, net margin -60%, and ROIC -35%. Per the Roarable RQD rating, the Altman Z-Score is 0.45, the Piotroski F-Score is 3/9, and Debt/Equity is 2.85. Reported cash declined from $1606.9M to $997.8M between FY 2024 and FY 2025, while debt rose from $2002.2M to $2046.6M over the same span.

Per the recent news feed, catalysts and watch items include: a Yahoo Finance report, "Lucid (LCID) Is Selling More Cars Than It Builds, Can the Reset Work?" (MARKET WIRE); a CNBC report, "Lucid's Q3 deliveries fall 6.7% as EV maker cuts production to align with demand" (RISK WATCH); a Barchart.com report, "Lucid Stock Might Have Bottomed, But Only Speculators Should Bet on LCID Here" (MARKET WIRE); an Electric Vehicles report, "Lucid Shares Plunge After PIF Draw as RBC Slashes Price Target by 43%" (MARKET WIRE); a Motley Fool report, "Why Lucid Stock Fell Hard Last Month" (MARKET WIRE); and a Yahoo Finance report, "Lucid (LCID) Stock Gets Fair Value Trim As Analysts Debate Demand And Funding Risk" (RISK WATCH). Per the Butterfly Supply-Chain Graph, no supply-chain links or proprietary signals are mapped; the supply chain is recorded as NONE.

• What is the reported EPS for FY 2025 and FY 2024, given that the source lists those values as N/A?
• What is the trailing P/E and EV/EBITDA, which the source marks as unavailable?
• What is the composition of the reported debt and the source of the funding referenced in the news on the PIF draw?
• What are the current analyst consensus ratings and price targets, given the analyst data is absent?
• What 13F, Form 4, and Congressional trade detail supports the institutional and insider pillar scores?