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LCID · CIK 0001811210 · FY2025 live · 2025-12-31

Lucid Group, Inc.

DistressSEC 10-KClassic ZIndustrials12th percentile in Industrials · 430 names

View as

Model

Classic Z

FY2025

−3.65

Zone

Distress

vs FY2024

−1.80

Market DD

—

1y PD

—

Meridian Rank

17.40

0–100 · Classic Z tape · not a PD

  • Book standing

    20

  • Year change

    2

  • Market PD

    —

  • O-score

    31

−3.65

Z″ −8.21

−21.83.08+

Score −3.65 · distress below 1.80, grey to 2.99, safe at 3.00 and above.

FY2016Annual 10-K printsFY2025 · −3.65

Classic Z factor contributions

  • X1 Working capital / assets

    Short-term liquidity versus the size of the balance sheet.

    0.08
    1.2 × = 0.09

  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    −1.86
    1.4 × = −2.61

  • X3 EBIT / assets

    Operating return on assets. Highest weight in the original model.

    −0.42
    3.3 × = −1.38

  • X4 Book equity / liabilities

    Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.

    0.13
    0.6 × = 0.08

  • X5 Sales / assets

    Asset turnover — how much revenue the asset base supports.

    0.16
    1 × = 0.16

Five-year path

Z plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 5 annual filings.

Overview

rule-v1

Lucid Group, Inc. is on classic Z at −3.65 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print. Versus FY2024 the live print is still distress (−1.80 from −1.84). No market tape loaded. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.

Book screen Distress; market PD —. Tape not priced — not a single default call.

MD&A excerpt

The company reports low vehicle volumes relative to installed capacity, ongoing operating losses, and reliance on existing cash plus related-party funding support. Management discusses a cost-reduction program and a delayed volume ramp. Liquidity disclosures emphasize cash on hand and committed facilities as covering the disclosed outlook period.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Classic Z scores · 12th percentile in Industrials.

KPI widgets

Current assets

$3.3B

Total assets

$8.4B

Current liabilities

$2.6B

Total liabilities

$5.4B

Working capital

$664M

Retained earnings

−$15.6B

EBIT

−$3.5B

Total sales

$1.4B

Book equity

$717M

Accession 0001628280-26-011053. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.