• Lucid average return on tangible equity for 2024 was -70.25, a 25.02% increase from 2023.
• Lucid average return on tangible equity for 2023 was -56.19, a 11.42% increase from 2022.
• Lucid average return on tangible equity for 2022 was -50.43, a 111.55% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.