Luminar Technologies, Inc. (LAZR) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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LAZR Revenue Growth
Revenue Breakdown (FY 2024)
LAZR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
LAZR Revenue Analysis (2018–2024)
As of May 8, 2026, Luminar Technologies, Inc. (LAZR) generated trailing twelve-month (TTM) revenue of $75.8 million, reflecting exceptional growth of +21.0% year-over-year. The most recent quarter (Q3 2025) recorded $18.7 million in revenue, up 19.9% sequentially.
Looking at the longer-term picture, LAZR's 5-year compound annual growth rate (CAGR) stands at +43.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $75.4 million in 2024, representing a new all-time high.
Revenue diversification analysis shows LAZR's business is primarily driven by Product (85%), and Service (15%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including OUST (+57.3% YoY), INVZ (+127.0% YoY), and AEVA (+103.1% YoY), LAZR has underperformed the peer group in terms of revenue growth. Compare LAZR vs OUST →
LAZR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LAZRCurrent | $76M | +21.0% | +43.0% | -577.0% | |
 OUST | $169M | +57.3% | +55.0% | -43.7% | |
 INVZ | $55M | +127.0% | - | -123.0% | |
 AEVA | $18M | +103.1% | +30.1% | -705.8% | |
 LIDR | $233,000 | +15.3% | -31.8% | -13618.5% | |
 MVIS | $1M | -74.3% | -17.1% | -5743.8% |
LAZR Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $75.4M | +8.0% | $-25,690,000 | -34.1% | $-435,037,000 | -577.0% |
| 2023 | $69.8M | +71.5% | $-72,690,000 | -104.2% | $-563,308,000 | -807.3% |
| 2022 | $40.7M | +27.4% | $-60,285,000 | -148.1% | $-442,402,000 | -1087.0% |
| 2021 | $31.9M | +129.0% | $-14,148,000 | -44.3% | $-214,552,000 | -671.7% |
| 2020 | $14.0M | +10.7% | $-11,001,000 | -78.9% | $-86,875,000 | -622.7% |
| 2019 | $12.6M | +7.8% | $-4,053,000 | -32.2% | $-62,615,000 | -496.9% |
| 2018 | $11.7M | - | $753K | 6.4% | $-21,980 | -0.2% |
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Start ComparisonLAZR — Frequently Asked Questions
Quick answers to the most common questions about buying LAZR stock.
Is LAZR's revenue growth accelerating or slowing?
LAZR revenue is accelerating at +21.0% year-over-year, exceeding the 5-year CAGR of +43.0%. TTM revenue reached $76M. Growth momentum has increased versus prior periods.
What is LAZR's long-term revenue growth rate?
Luminar Technologies, Inc.'s 5-year revenue CAGR of +43.0% reflects the sustained expansion pattern. Current YoY growth of +21.0% is above this long-term average.
How is LAZR's revenue distributed by segment?
LAZR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.