Faraday Future Intelligent Electric Inc.
FFAI Nasdaq Motor Vehicles & Passenger Car Bodies Financials FY2020–FY2025
Revenue
Total sales reported in the income statement.
$0.5M
0.6%
vs prior year
Operating margin
Operating income as a share of revenue.
−61,763.1%
33,982.4 pts
Net income
Profit after all expenses, interest and tax.
−$391M
Free cash flow
Cash from operations minus capital spending.
−$115M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What Faraday Future Intelligent Electric Inc. does
No business description yet.
- Legal name
- FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Accession · CIK
- 0001628280-26-022509
0001805521
Revenue and margins
Faraday Future Intelligent Electric Inc. had $0.5M of revenue in fiscal 2025, down 0.6% on the year before.
FY20
Revenue —
FY21
Revenue —
FY22
Revenue $0.0M
FY23
Revenue $0.8M
FY24
Revenue $0.5M
FY25
Revenue $0.5M
Q3 '23
Revenue $0.6M
Q4 '23
Revenue $0.2M
Q1 '24
Revenue $0.0M
Q2 '24
Revenue $0.3M
Q3 '24
Revenue $0.0M
Q4 '24
Revenue $0.2M
Q1 '25
Revenue $0.3M
Q2 '25
Revenue $0.1M
Q3 '25
Revenue $0.0M
Q4 '25
Revenue $0.1M
Q1 '26
Revenue $0.5M
Q2 '26
Revenue $0.8M
FY20
Gross —
Operating —
Net —
FCF —
FY21
Gross —
Operating —
Net —
FCF —
FY22
Gross —
Operating —
Net —
FCF —
FY23
Gross −5,334.6%
Operating −36,486.5%
Net −55,069.4%
FCF −39,449.9%
FY24
Gross −15,489.8%
Operating −27,780.7%
Net −66,019.9%
FCF −14,427.8%
FY25
Gross −18,239.9%
Operating −61,763.1%
Net −72,891.0%
FCF −21,496.3%
Gross
Operating
Net
FCF
Q3 '23
Gross −2,827.6%
Operating −12,059.3%
Net −14,164.4%
FCF −11,734.3%
Q4 '23
Gross −8,424.9%
Operating −29,090.1%
Net −35,964.4%
FCF −24,923.2%
Q1 '24
Gross −1,034,250.0%
Operating −2,180,400.0%
Net −2,410,850.0%
FCF −740,900.0%
Q2 '24
Gross −7,057.0%
Operating −17,272.7%
Net −37,093.9%
FCF −4,993.5%
Q3 '24
Gross −238,266.7%
Operating −280,077.8%
Net −863,177.8%
FCF −255,622.2%
Q4 '24
Gross −8,801.7%
Operating −12,899.6%
Net −51,599.6%
FCF −10,770.6%
Q1 '25
Gross −6,666.1%
Operating −13,870.6%
Net −3,252.5%
FCF −6,918.7%
Q2 '25
Gross −49,737.0%
Operating −89,088.9%
Net −230,881.5%
FCF −49,540.7%
Q3 '25
Gross −92,483.8%
Operating −558,937.8%
Net −600,505.4%
FCF −100,218.9%
Q4 '25
Gross −12,111.6%
Operating −25,041.9%
Net −26,011.6%
FCF −2,512.4%
Q1 '26
Gross −2,222.3%
Operating −7,012.7%
Net −7,589.1%
FCF −6,190.0%
Q2 '26
Gross −1,280.1%
Operating −4,165.9%
Net −4,309.7%
FCF −3,170.0%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY20
Net income −$147M
FY21
Net income −$517M
FY22
Net income −$602M
FY23
Net income −$432M
FY24
Net income −$356M
FY25
Net income −$391M
Q3 '23
Net income −$78.0M
Q4 '23
Net income −$83.8M
Q1 '24
Net income −$48.2M
Q2 '24
Net income −$109M
Q3 '24
Net income −$77.7M
Q4 '24
Net income −$121M
Q1 '25
Net income −$10.3M
Q2 '25
Net income −$125M
Q3 '25
Net income −$222M
Q4 '25
Net income −$33.6M
Q1 '26
Net income −$38.9M
Q2 '26
Net income −$36.0M
FY20
Diluted EPS —
FY21
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY20
Return on capital —
Return on equity —
Return on assets −46.5%
FY21
Return on capital —
Return on equity —
Return on assets −84.4%
FY22
Return on capital —
Return on equity −156.7%
Return on assets −83.8%
FY23
Return on capital —
Return on equity −201.2%
Return on assets −81.5%
FY24
Return on capital —
Return on equity −207.4%
Return on assets −74.4%
FY25
Return on capital —
Return on equity −891.7%
Return on assets −111.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$115M in fiscal 2025, −21,496.3% of revenue. Cash from operations minus capital spending.
FY20
Free cash flow −$41.8M
FY21
Free cash flow −$435M
FY22
Free cash flow −$506M
FY23
Free cash flow −$309M
FY24
Free cash flow −$77.8M
FY25
Free cash flow −$115M
Q3 '23
Free cash flow −$64.7M
Q4 '23
Free cash flow −$58.1M
Q1 '24
Free cash flow −$14.8M
Q2 '24
Free cash flow −$14.6M
Q3 '24
Free cash flow −$23.0M
Q4 '24
Free cash flow −$25.3M
Q1 '25
Free cash flow −$21.9M
Q2 '25
Free cash flow −$26.8M
Q3 '25
Free cash flow −$37.1M
Q4 '25
Free cash flow −$3.2M
Q1 '26
Free cash flow −$31.7M
Q2 '26
Free cash flow −$26.5M
FY20
Cash from operations −$41.2M
Capital spending $0.6M
FY21
Cash from operations −$340M
Capital spending $95.7M
FY22
Cash from operations −$383M
Capital spending $123M
FY23
Cash from operations −$278M
Capital spending $31.1M
FY24
Cash from operations −$70.2M
Capital spending $7.6M
FY25
Cash from operations −$108M
Capital spending $7.6M
Cash from operations
Capital spending
Q3 '23
Cash from operations −$79.7M
Capital spending −$15.0M
Q4 '23
Cash from operations −$37.8M
Capital spending $20.3M
Q1 '24
Cash from operations −$14.7M
Capital spending $0.1M
Q2 '24
Cash from operations −$14.4M
Capital spending $0.3M
Q3 '24
Cash from operations −$22.7M
Capital spending $0.3M
Q4 '24
Cash from operations −$18.4M
Capital spending $6.9M
Q1 '25
Cash from operations −$20.3M
Capital spending $1.6M
Q2 '25
Cash from operations −$23.3M
Capital spending $3.4M
Q3 '25
Cash from operations −$35.6M
Capital spending $1.5M
Q4 '25
Cash from operations −$2.1M
Capital spending $1.1M
Q1 '26
Cash from operations −$31.5M
Capital spending $0.2M
Q2 '26
Cash from operations −$25.1M
Capital spending $1.4M
Cash from operations
Capital spending
Dividends, buybacks and share count
Faraday Future Intelligent Electric Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY20
Dividends —
Buybacks —
FY21
Dividends —
Buybacks $0.0M
FY22
Dividends —
Buybacks $0.8M
FY23
Dividends —
Buybacks $0.0M
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks —
Q4 '23
Dividends —
Buybacks $0.0M
Q1 '24
Dividends —
Buybacks —
Q2 '24
Dividends —
Buybacks —
Q3 '24
Dividends —
Buybacks —
Q4 '24
Dividends —
Buybacks —
Q1 '25
Dividends —
Buybacks —
Q2 '25
Dividends —
Buybacks —
Q3 '25
Dividends —
Buybacks —
Q4 '25
Dividends —
Buybacks —
Q1 '26
Dividends —
Buybacks —
Q2 '26
Dividends —
Buybacks —
Dividends
Buybacks
FY20
Diluted shares —
FY21
Diluted shares —
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Faraday Future Intelligent Electric Inc. can carry it.
FY20
Cash $1.1M
Debt —
FY21
Cash $505M
Debt —
FY22
Cash $17.0M
Debt —
FY23
Cash $1.9M
Debt —
FY24
Cash $7.1M
Debt —
FY25
Cash $34.9M
Debt —
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $505M | $17.0M | $1.9M | $7.1M | $34.9M |
| Interest coverage | −11.7x | −78.6x | — | — | — |
| Current ratio | 2.1x | 0.3x | 0.3x | 0.4x | 0.5x |
| Quick ratio | 2.1x | 0.3x | 0.2x | 0.2x | 0.4x |
| Total assets | $907M | $529M | $531M | $425M | $278M |
| Total liabilities | $340M | $328M | $302M | $310M | $270M |
| Shareholders' equity | $568M | $201M | $228M | $115M | −$27.3M |
| Net debt (− = net cash) | — | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Return on assets rose | — | ✕ | ✕ | ✓ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | — | — |
| Current ratio rose | — | ✓ | ✕ | ✓ | ✓ | ✓ |
| Share count didn't rise | — | — | — | — | — | — |
| Gross margin rose | — | — | — | — | ✕ | ✕ |
| Revenue rose relative to assets | — | — | — | ✓ | ✕ | ✓ |
| F-score | — / 3 | — / 5 | — / 5 | — / 6 | 2 / 7 | 3 / 7 |
| Accruals ratio | −33.5% | −28.9% | −30.5% | −29.0% | −59.8% | −80.5% |
| Altman Z'' | −44.00 | −9.05 | −28.91 | −29.25 | −36.90 | −65.19 |
6 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | — | — | $0.0M | $0.8M | $0.5M | $0.5M |
| Provision for credit losses | — | — | — | — | $0.0M | $4.3M |
| Gross profit | — | — | $0.0M | −$41.8M | −$83.5M | −$97.8M |
| Research and development | $20.2M | $175M | $300M | $132M | $25.2M | $16.6M |
| Operating income | −$64.9M | −$354M | −$437M | −$286M | −$150M | −$331M |
| Interest expense | $32.2M | $30.2M | $5.6M | — | — | — |
| Pretax income | −$147M | −$516M | −$602M | −$432M | −$356M | −$397M |
| Income tax | $0.0M | $0.2M | $0.1M | $0.1M | −$0.3M | $0.1M |
| Net income | −$147M | −$517M | −$602M | −$432M | −$356M | −$391M |
| Net income to common | — | — | — | −$432M | −$363M | −$391M |
| Cash flow | ||||||
| Cash from operations | −$41.2M | −$340M | −$383M | −$278M | −$70.2M | −$108M |
| Capital expenditure | $0.6M | $95.7M | $123M | $31.1M | $7.6M | $7.6M |
| Free cash flow | −$41.8M | −$435M | −$506M | −$309M | −$77.8M | −$115M |
| Depreciation and amortization | $3.5M | $3.0M | $3.0M | $42.5M | $71.4M | $64.8M |
| Stock-based compensation | $9.5M | $11.3M | $17.7M | $9.2M | $8.4M | $3.2M |
| Acquisitions | — | — | — | — | $0.0M | $1.1M |
| Share buybacks | — | $0.0M | $0.8M | $0.0M | — | — |
| Dividends and buybacks | — | $0.0M | $0.8M | $0.0M | — | — |
| Balance sheet | ||||||
| Cash and short-term investments | $1.1M | $505M | $17.0M | $1.9M | $7.1M | $34.9M |
| Finance lease liabilities | — | — | $7.9M | — | — | — |
| Current assets | $14.4M | $607M | $84.5M | $91.4M | $71.9M | $68.5M |
| Current liabilities | $849M | $294M | $268M | $261M | $193M | $148M |
| Inventory | — | — | $4.5M | $34.2M | $27.5M | $3.3M |
| Property and equipment, net | $294M | $293M | $406M | $418M | $349M | $155M |
| Goodwill | — | — | — | — | $0.0M | $25.8M |
| Intangible assets | — | — | — | — | $1.0M | $4.6M |
| Total assets | $316M | $907M | $529M | $531M | $425M | $278M |
| Total liabilities | $896M | $340M | $328M | $302M | $310M | $270M |
| Preferred stock | — | — | — | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | −$579M | $568M | $201M | $228M | $115M | −$27.3M |
| Margins | ||||||
| Gross margin | — | — | — | −5,334.6% | −15,489.8% | −18,239.9% |
| Operating margin | — | — | — | −36,486.5% | −27,780.7% | −61,763.1% |
| EBITDA margin | — | — | — | −31,069.0% | −14,526.2% | −49,672.2% |
| Net margin | — | — | — | −55,069.4% | −66,019.9% | −72,891.0% |
| FCF margin | — | — | — | −39,449.9% | −14,427.8% | −21,496.3% |
| Returns | ||||||
| Return on capital employed | 12.2% | −57.7% | −167.5% | −106.2% | −64.4% | −255.3% |
| Return on equity | — | — | −156.7% | −201.2% | −207.4% | −891.7% |
| Return on assets | −46.5% | −84.4% | −83.8% | −81.5% | −74.4% | −111.1% |
| Return on tangible equity | — | −91.0% | −299.6% | −189.2% | −319.0% | — |
| Growth | ||||||
| Revenue growth | — | — | — | — | −31.3% | −0.6% |
| Financial health | ||||||
| Interest coverage | −2.0x | −11.7x | −78.6x | — | — | — |
| Current ratio | 0.0x | 2.1x | 0.3x | 0.3x | 0.4x | 0.5x |
| Quick ratio | 0.0x | 2.1x | 0.3x | 0.2x | 0.2x | 0.4x |
| Capital allocation | ||||||
| Capex / revenue | — | — | — | 3,968.0% | 1,406.3% | 1,426.1% |
| Stock comp / revenue | — | — | — | 1,169.3% | 1,555.1% | 587.7% |
| Quality scores | ||||||
| Piotroski F-score | — | — | — | — | 2.0 | 3.0 |
| Altman Z'' | −44.0 | −9.0 | −28.9 | −29.3 | −36.9 | −65.2 |
| Accruals ratio | −33.5% | −28.9% | −30.5% | −29.0% | −59.8% | −80.5% |
Source: SEC EDGAR XBRL filings (CIK 0001805521). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.