Faraday Future Intelligent Electric Inc Financials
This page shows Faraday Future Intelligent Electric Inc (FFAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Faraday Future Intelligent Electric Inc has an operating margin of -27780.7%, meaning the company retains $-27781 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -36486.5% the prior year.
Faraday Future Intelligent Electric Inc's revenue declined 31.3% year-over-year, from $784K to $539K. This contraction results in a growth score of 0/100.
Faraday Future Intelligent Electric Inc has elevated debt relative to equity (D/E of 2.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 11/100, reflecting increased financial risk.
Faraday Future Intelligent Electric Inc's current ratio of 0.37 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Faraday Future Intelligent Electric Inc generated -$70.2M in operating cash flow, capex of $7.6M consumed most of it, leaving -$77.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Faraday Future Intelligent Electric Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Faraday Future Intelligent Electric Inc generates $0.20 in operating cash flow (-$70.2M OCF vs -$355.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Faraday Future Intelligent Electric Inc earns $-49.9 in operating income for every $1 of interest expense (-$149.7M vs $3.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Faraday Future Intelligent Electric Inc generated $539K in revenue in fiscal year 2024. This represents a decrease of 31.3% from the prior year.
Faraday Future Intelligent Electric Inc's EBITDA was -$78.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 67.9% from the prior year.
Faraday Future Intelligent Electric Inc generated -$77.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 74.9% from the prior year.
Faraday Future Intelligent Electric Inc reported -$355.8M in net income in fiscal year 2024. This represents an increase of 17.6% from the prior year.
Faraday Future Intelligent Electric Inc held $7.1M in cash against $0 in long-term debt as of fiscal year 2024.
Faraday Future Intelligent Electric Inc's gross margin was -15489.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 10155.2 percentage points from the prior year.
Faraday Future Intelligent Electric Inc's operating margin was -27780.7% in fiscal year 2024, reflecting core business profitability. This is up 8705.8 percentage points from the prior year.
Faraday Future Intelligent Electric Inc's net profit margin was -66019.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 10950.5 percentage points from the prior year.
Faraday Future Intelligent Electric Inc invested $25.2M in research and development in fiscal year 2024. This represents a decrease of 80.9% from the prior year.
Faraday Future Intelligent Electric Inc invested $7.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 75.6% from the prior year.
FFAI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $37K-31.5% | $54K-82.9% | $316K+35.6% | $233K-57.7% | $551K | $0 | $0 | N/A |
| Cost of Revenue | $34.3M+27.3% | $26.9M+25.9% | $21.4M+7.6% | $19.9M+23.1% | $16.1M+143.9% | $6.6M | $0 | N/A |
| Gross Profit | -$34.2M-27.4% | -$26.9M-27.5% | -$21.1M-7.3% | -$19.6M-26.0% | -$15.6M-135.6% | -$6.6M | $0 | N/A |
| R&D Expenses | $6.6M+32.7% | $5.0M-22.0% | $6.4M-76.5% | $27.4M+26.7% | $21.6M-14.5% | $25.3M-56.3% | $57.8M | N/A |
| SG&A Expenses | $19.7M+39.7% | $14.1M+3.1% | $13.7M-10.6% | $15.3M-36.4% | $24.0M+40.8% | $17.1M-35.6% | $26.5M | N/A |
| Operating Income | -$206.8M-329.9% | -$48.1M-9.8% | -$43.8M+35.3% | -$67.8M-2.0% | -$66.4M-18.7% | -$56.0M+41.6% | -$95.8M | N/A |
| Interest Expense | $2.1M+5.0% | $2.0M+5.3% | $1.9M | N/A | N/A | N/A | $292K | N/A |
| Income Tax | $5K | $0-100.0% | $10K-87.7% | $81K | $0-100.0% | $28K | $0 | N/A |
| Net Income | -$222.2M-78.2% | -$124.7M-1113.0% | -$10.3M+87.7% | -$83.8M-7.4% | -$78.0M+37.5% | -$124.9M+13.8% | -$145.0M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | $-0.07 | N/A |
FFAI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $315.6M-21.0% | $399.7M-2.6% | $410.6M-22.6% | $530.5M-8.5% | $579.5M+2.1% | $567.5M-1.5% | $575.9M+8.8% | $529.3M |
| Current Assets | $90.0M+17.6% | $76.6M+0.1% | $76.5M-16.3% | $91.4M-28.2% | $127.3M+20.6% | $105.6M+2.1% | $103.4M+22.3% | $84.5M |
| Cash & Equivalents | $62.9M+375.6% | $13.2M+39.9% | $9.5M+398.3% | $1.9M-71.7% | $6.7M-62.5% | $17.9M-43.7% | $31.8M+87.2% | $17.0M |
| Inventory | $381K-98.4% | $23.1M-14.8% | $27.1M-20.8% | $34.2M-2.8% | $35.2M+241.9% | $10.3M+154.4% | $4.0M-9.2% | $4.5M |
| Accounts Receivable | $589K-8.7% | $645K-2.9% | $664K+9385.7% | $7K | N/A | N/A | N/A | $0 |
| Goodwill | $27.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $355.1M+4.5% | $339.9M+25.5% | $270.8M-10.4% | $302.3M-4.9% | $317.7M+9.6% | $289.8M-9.5% | $320.2M-2.5% | $328.3M |
| Current Liabilities | $211.2M-5.1% | $222.6M+17.9% | $188.8M-27.7% | $261.2M+36.6% | $191.2M+1.9% | $187.6M-3.4% | $194.1M-27.6% | $268.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$77.7M-229.9% | $59.9M-57.2% | $139.8M-38.7% | $228.2M-12.8% | $261.8M-5.7% | $277.7M+8.6% | $255.8M+27.3% | $201.0M |
| Retained Earnings | -$4.7B-5.0% | -$4.4B-2.9% | -$4.3B-9.2% | -$4.0B-2.2% | -$3.9B-2.1% | -$3.8B-3.4% | -$3.7B-4.1% | -$3.5B |
FFAI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$35.6M-52.5% | -$23.3M-14.9% | -$20.3M+46.3% | -$37.8M+52.5% | -$79.7M-38.0% | -$57.7M+43.9% | -$103.0M-268.5% | -$27.9M |
| Capital Expenditures | $1.5M-55.9% | $3.4M+119.3% | $1.6M-92.3% | $20.3M+235.0% | -$15.0M-267.1% | $9.0M-46.8% | $16.9M+51.7% | $11.1M |
| Free Cash Flow | -$37.1M-38.6% | -$26.8M-22.4% | -$21.9M+62.4% | -$58.1M+38.7% | -$94.7M-41.9% | -$66.7M+44.3% | -$119.9M-206.7% | -$39.1M |
| Investing Cash Flow | $5.3M+253.6% | -$3.4M-119.3% | -$1.6M+92.3% | -$20.3M-235.0% | $15.0M+267.1% | -$9.0M+46.8% | -$16.9M-51.7% | -$11.1M |
| Financing Cash Flow | $80.7M+165.1% | $30.5M+23.8% | $24.6M-54.3% | $53.9M-3.3% | $55.7M+17.6% | $47.4M-64.7% | $134.4M+292.9% | $34.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $0 | N/A | N/A | N/A | $0 |
FFAI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -92483.8%-42746.7pp | -49737.0%-43070.9pp | -6666.1%+1758.8pp | -8424.9%-5597.3pp | -2827.6% | N/A | N/A | N/A |
| Operating Margin | -558937.8%-469848.9pp | -89088.9%-75218.3pp | -13870.6%+15219.6pp | -29090.1%-17030.8pp | -12059.4% | N/A | N/A | N/A |
| Net Margin | -600505.4%-369623.9pp | -230881.5%-227629.0pp | -3252.5%+32711.8pp | -35964.4%-21800.0pp | -14164.4% | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -70.4%-39.2pp | -31.2%-28.7pp | -2.5%+13.3pp | -15.8%-2.3pp | -13.5%+8.5pp | -22.0%+3.2pp | -25.2% | N/A |
| Current Ratio | 0.43+0.1 | 0.34-0.1 | 0.41+0.1 | 0.35-0.3 | 0.67+0.1 | 0.56+0.0 | 0.53+0.2 | 0.32 |
| Debt-to-Equity | -4.57-10.2 | 5.68+3.7 | 1.94+0.6 | 1.32+0.1 | 1.21+0.2 | 1.04-0.2 | 1.25-0.4 | 1.63 |
| FCF Margin | -100218.9%-50678.2pp | -49540.7%-42622.1pp | -6918.7%+18004.5pp | -24923.2%-7742.1pp | -17181.1% | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Faraday Future Intelligent Electric Inc's annual revenue?
Faraday Future Intelligent Electric Inc (FFAI) reported $539K in total revenue for fiscal year 2024. This represents a -31.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Faraday Future Intelligent Electric Inc's revenue growing?
Faraday Future Intelligent Electric Inc (FFAI) revenue declined by 31.3% year-over-year, from $784K to $539K in fiscal year 2024.
Is Faraday Future Intelligent Electric Inc profitable?
No, Faraday Future Intelligent Electric Inc (FFAI) reported a net income of -$355.8M in fiscal year 2024, with a net profit margin of -66019.8%.
What is Faraday Future Intelligent Electric Inc's EBITDA?
Faraday Future Intelligent Electric Inc (FFAI) had EBITDA of -$78.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Faraday Future Intelligent Electric Inc's gross margin?
Faraday Future Intelligent Electric Inc (FFAI) had a gross margin of -15489.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Faraday Future Intelligent Electric Inc's operating margin?
Faraday Future Intelligent Electric Inc (FFAI) had an operating margin of -27780.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Faraday Future Intelligent Electric Inc's net profit margin?
Faraday Future Intelligent Electric Inc (FFAI) had a net profit margin of -66019.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Faraday Future Intelligent Electric Inc's free cash flow?
Faraday Future Intelligent Electric Inc (FFAI) generated -$77.8M in free cash flow during fiscal year 2024. This represents a 74.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Faraday Future Intelligent Electric Inc's operating cash flow?
Faraday Future Intelligent Electric Inc (FFAI) generated -$70.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Faraday Future Intelligent Electric Inc's total assets?
Faraday Future Intelligent Electric Inc (FFAI) had $425.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Faraday Future Intelligent Electric Inc's capital expenditures?
Faraday Future Intelligent Electric Inc (FFAI) invested $7.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Faraday Future Intelligent Electric Inc spend on research and development?
Faraday Future Intelligent Electric Inc (FFAI) invested $25.2M in research and development during fiscal year 2024.
What is Faraday Future Intelligent Electric Inc's current ratio?
Faraday Future Intelligent Electric Inc (FFAI) had a current ratio of 0.37 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Faraday Future Intelligent Electric Inc's debt-to-equity ratio?
Faraday Future Intelligent Electric Inc (FFAI) had a debt-to-equity ratio of 2.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Faraday Future Intelligent Electric Inc's return on assets (ROA)?
Faraday Future Intelligent Electric Inc (FFAI) had a return on assets of -83.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Faraday Future Intelligent Electric Inc's cash runway?
Based on fiscal year 2024 data, Faraday Future Intelligent Electric Inc (FFAI) had $7.1M in cash against an annual operating cash burn of $70.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Faraday Future Intelligent Electric Inc's Piotroski F-Score?
Faraday Future Intelligent Electric Inc (FFAI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Faraday Future Intelligent Electric Inc's earnings high quality?
Faraday Future Intelligent Electric Inc (FFAI) has an earnings quality ratio of 0.20x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Faraday Future Intelligent Electric Inc cover its interest payments?
Faraday Future Intelligent Electric Inc (FFAI) has an interest coverage ratio of -49.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Faraday Future Intelligent Electric Inc?
Faraday Future Intelligent Electric Inc (FFAI) scores 2 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.