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FFAI

Faraday Future Intelligent Electric Inc.

FFAI

Faraday Future Intelligent Electric Inc. • NASDAQ
$1.15 ▼ -2.54% (-0.03)
Market Cap $105.47 M
52w High $4.46
52w Low $0.83
Dividend Yield 0%
P/E -0.07
Volume 3.21M
Outstanding Shares 91.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $37K ▼ $172.588M ▲ $-222.187M ▼ -600.505K% ▼ $-1.81 ▼ $-47.695M ▲
Q2-2025 $54K ▼ $21.25M ▼ $-124.676M ▼ -230.881K% ▼ $-1.202 ▼ $-103.34M ▼
Q1-2025 $316K ▲ $22.766M ▲ $-10.278M ▲ -3.253K% ▲ $-0.136 ▲ $10.114M ▲
Q4-2024 $235K ▲ $9.63M ▲ $-121.259M ▼ -51.6K% ▲ $-1.891 ▲ $-99.543M ▼
Q3-2024 $9K $3.763M $-77.686M -863.178K% $-5.051 $-56.997M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $83.104M ▲ $314.109M ▼ $357.557M ▲ $-77.743M ▼
Q2-2025 $13.228M ▲ $399.723M ▼ $339.867M ▲ $59.856M ▼
Q1-2025 $9.458M ▲ $410.584M ▼ $270.776M ▼ $139.808M ▲
Q4-2024 $7.144M ▼ $425.4M ▼ $310.433M ▲ $114.967M ▼
Q3-2024 $7.269M $449.086M $292.33M $156.756M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-222.187M ▼ $-35.563M ▼ $5.284M ▲ $80.731M ▲ $49.676M ▲ $-37.081M ▼
Q2-2025 $-124.676M ▼ $-23.313M ▼ $-3.439M ▼ $30.451M ▲ $3.768M ▲ $-26.752M ▼
Q1-2025 $-10.278M ▲ $-20.295M ▼ $-1.568M ▲ $24.601M ▼ $2.319M ▲ $-21.863M ▲
Q4-2024 $-121.259M ▼ $-18.39M ▲ $-6.81M ▼ $25.048M ▼ $-175K ▼ $-25.311M ▼
Q3-2024 $-77.686M $-22.705M $-301K $28.97M $5.972M $-23.006M

Five-Year Company Overview

Income Statement

Income Statement Faraday Future is still essentially a pre‑revenue company. Over the past several years it has reported almost no sales but has continued to rack up sizable operating and net losses. This means the business is still in the build‑out and development phase, not yet a commercially scaled carmaker. Losses have been persistent, reflecting high spending on engineering, overhead, and corporate costs without meaningful offsetting income. The repeated reverse stock splits also suggest that past losses and ongoing funding needs have heavily diluted existing shareholders. Overall, the income statement paints a picture of a company long on ambition but not yet generating a sustainable business.

Balance Sheet

Balance Sheet The balance sheet is very small and fragile for a company attempting to compete in the capital‑intensive auto industry. Total assets are limited, and the cash position is thin relative to the scale of the company’s goals. Debt exists but is not huge in absolute terms; however, given the company’s lack of revenue and ongoing losses, even modest obligations can be burdensome. Shareholder equity has only recently moved from negative to slightly positive, mainly because of new capital coming in rather than profits being retained. In plain terms, the company does not have a deep financial cushion and remains highly dependent on continued access to external financing.

Cash Flow

Cash Flow Cash flow shows a steady pattern of money flowing out of the business. Operating cash flow has been consistently negative, reflecting that everyday operations consume cash rather than generate it. Free cash flow is also negative, as the company continues to invest in development and facilities. Although capital spending isn’t enormous by big‑auto standards, it is still meaningful for a company with no revenue. This means Faraday Future must repeatedly raise new funds just to keep operating and advancing its projects. Without a clear turn toward positive operating cash flow, funding risk remains very high.

Competitive Edge

Competitive Edge Faraday Future is trying to occupy a very specific niche: ultra‑luxury, tech‑heavy electric vehicles with a strong emphasis on AI, in‑car digital experience, and performance. This sets it apart from mainstream EV makers focused on volume and affordability. However, it competes against well‑funded global brands and newer EV players that already have vehicles on the road and stronger manufacturing footprints. While its “tech‑luxury” concept and AI‑centric approach are differentiators, its tiny scale, limited production history, weak brand recognition, and fragile finances are major disadvantages. The company’s competitive position is therefore more about potential than proven strength, and it faces an uphill battle to secure lasting market share.

Innovation and R&D

Innovation and R&D Innovation is one of Faraday Future’s clear strengths. The FF 91 and future FX models are built around a bold vision of the car as an intelligent, connected living space, with heavy use of AI, large displays, high computing power, and a flexible vehicle platform. Concepts like personalized AI agents, “third internet living space,” and a modular skateboard architecture highlight real technological thought leadership. The company is also experimenting with new sales concepts, a co‑creation community model, and integrations with Web3. The main challenge is execution: turning advanced prototypes and ideas into reliable, mass‑produced vehicles and robust software services, all with limited financial resources. The technology story is compelling, but it has yet to translate into durable commercial advantages.

Summary

Faraday Future is a high‑concept, high‑risk EV startup: rich in ideas, thin in financial strength, and still pre‑revenue. On the positive side, it offers a distinctive vision at the intersection of AI, luxury, and electric mobility, supported by innovative vehicle architecture and an ambitious product roadmap. On the negative side, it has a long history of heavy losses, limited assets, ongoing cash burn, and recurring dilution, all in a fiercely competitive industry dominated by much larger and better‑funded players. The core uncertainty is whether the company can secure enough time and capital to move from vision and low‑volume launches to a stable, scaled business with recurring revenue and positive cash flow. Monitoring production ramp‑up, cost control, funding access, and real‑world customer adoption will be critical to understanding how its story evolves from here.

NEWS

November 27, 2025 · 9:06 PM UTC

Faraday Future Hosts FX Super One Delivery Ceremony for Soccer Legend Andrés Iniesta in Dubai; Middle East Operations Enter Product Delivery and Revenue Phase

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November 27, 2025 · 2:06 AM UTC

Faraday Future management has signed off on the five-year business plan for the FF and FX brands and has submitted it to the Board for review

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November 26, 2025 · 5:18 AM UTC

Edison Issues Report on Faraday Future Intelligent Electric (FFAI)

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November 25, 2025 · 9:36 PM UTC

Leaders from FF and FX Attend the Ras Al Khaimah Investment & Business Summit to Advance EAI Mobility Strategy in the Middle East; Delivery of First FX Super One Vehicle to Andrés Iniesta in Dubai Scheduled for November 27

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November 23, 2025 · 7:34 PM UTC

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FF Completes its “Dual Flywheel, Dual Bridge, and Dual Listed-Company” Structure; First batch of FX Super One Complete Sets of Components to Arrive at Port of Long Beach Next Week

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