Revenue remains highly volatile with a 2026Q1 figure of $512,000, while the company continues to struggle with structural profitability, reporting an operating margin of -64.8% for the same period.
| Sales/Revenue | 732K | 536K | 539K | 784K | 0 | 0 | 0 | 0 |
| Revenue Growth % | -14.19% | -0.56% | -31.25% | - | - | - | - | - |
| Cost of Goods Sold | 88.81M | 98.3M | 84.03M | 42.61M | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | 18339.93% | 15589.8% | 5434.57% | - | - | - | - |
| Gross Profit | -88.08M | -97.77M | -83.49M | -41.82M | 0 | 0 | 0 | 0 |
| Gross Margin % | -12032.65% | -18239.93% | -15489.8% | -5334.57% | - | - | - | - |
| Gross Profit Growth % | - | -17.1% | -99.63% | - | - | - | - | - |
| Operating Expenses | 83.72M | 84.65M | 62.73M | 237.75M | 437.14M | 354.15M | 64.93M | 110.26M |
| OpEx % of Revenue | - | 15792.16% | 11638.96% | 30324.62% | - | - | - | - |
| Selling, General & Admin | 66.55M | 68.04M | 52.44M | 105.72M | 134.46M | 115.02M | 44.74M | 76.46M |
| SG&A % of Revenue | - | 12694.59% | 9729.5% | 13485.2% | - | - | - | - |
| Research & Development | 17.17M | 16.6M | 10.29M | 132.02M | 299.99M | 166.78M | 16.67M | 28.28M |
| R&D % of Revenue | - | 3097.57% | 1909.46% | 16839.41% | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 2.69M | 64.19M | -3.35M | 5.51M |
| Operating Income | -171.8M | -182.41M | -146.22M | -279.57M | -437.14M | -354.15M | -64.94M | -110.26M |
| Operating Margin % | -23470.49% | -34032.09% | -27128.76% | -35659.18% | - | - | - | - |
| Operating Income Growth % | - | -24.75% | 47.7% | 36.05% | -23.44% | -445.36% | 41.1% | - |
| EBITDA | -112.95M | -114.57M | -72.19M | -234.1M | -431.65M | -350.8M | -61.42M | -105.07M |
| EBITDA Margin % | -15430.87% | -21375.56% | -13394.06% | -29860.08% | - | - | - | - |
| EBITDA Growth % | -40.64% | -58.7% | 69.16% | 45.77% | -23.05% | -471.13% | 41.54% | - |
| D&A (Non-Cash Add-back) | 58.85M | 67.84M | 74.03M | 45.47M | 5.5M | 3.35M | 3.52M | 5.19M |
| EBIT | -420.22M | -388.37M | -339.51M | -428.59M | -592.74M | -469.42M | 0 | -104.74M |
| Net Interest Income | -8.82M | -8.65M | -16.61M | -3.04M | -9.44M | -46.84M | -73.72M | -59.99M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59.99M |
| Interest Expense | 8.82M | 8.65M | 16.61M | 3.04M | 9.44M | 46.84M | 73.72M | 0 |
| Other Income/Expense | -257.25M | -214.61M | -209.89M | -152.07M | -165.03M | -162.12M | -8.43M | -31.94M |
| Pretax Income | -429.05M | -397.02M | -356.11M | -431.63M | -602.18M | -516.26M | -147.08M | -142.19M |
| Pretax Margin % | -58613.25% | -74070.71% | -66069.39% | -55055.48% | - | - | - | - |
| Income Tax | 72K | 63K | -267K | 109K | 61K | 240K | 3K | 3K |
| Effective Tax Rate % | -0.02% | -0.02% | 0.07% | -0.03% | -0.01% | -0.05% | -0% | -0% |
| Net Income | -419.27M | -390.7M | -355.85M | -431.74M | -602.24M | -516.5M | -147.09M | -143.19M |
| Net Margin % | -57277.87% | -72891.04% | -66019.85% | -55069.39% | - | - | - | - |
| Net Income Growth % | -31.89% | -9.79% | 17.58% | 28.31% | -16.6% | -251.16% | -2.72% | - |
| Net Income (Continuing) | -429.12M | -397.08M | -355.85M | -431.74M | -602.24M | -516.5M | -147.09M | -142.19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 31.64M | 35.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.95 | -3.14 | -19.61 | -1792.44 | -15742.40 | -21244.86 | -8989.98 | -8752.57 |
| EPS Growth % | 80.29% | 83.99% | 98.91% | 88.61% | 25.9% | -136.32% | -2.71% | - |
| EPS (Basic) | - | -3.14 | -19.61 | -1792.44 | -15742.34 | -21244.86 | -8989.98 | -8752.57 |
| Diluted Shares Outstanding | 214.5M | 124.3M | 18.53M | 240.87K | 38.26K | 24.31K | 16.36K | 16.36K |
| Basic Shares Outstanding | 214.5M | 124.3M | 18.53M | 240.87K | 38.26K | 24.31K | 16.36K | 16.36K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Insolvency and extreme dilution
As reported in recent financial filings, FFAI's quarterly revenue remains highly volatile, with the 2026Q1 figure of $512,000 representing a 62% year-over-year increase that fails to establish a consistent upward trend or meaningful market penetration for its ultra-luxury vehicle offerings.
The revenue trajectory appears heavily dependent on sporadic delivery milestones rather than sustained demand, suggesting that the company has yet to achieve a repeatable sales cycle. Investors should monitor whether these figures reflect genuine customer adoption or are skewed by non-traditional, low-volume co-creation arrangements.
Based on the company's latest income statement, FFAI reported a gross margin of -22.2% in 2026Q1, which, while an improvement from historical lows, highlights a fundamental inability to cover production costs at current, extremely limited manufacturing volumes.
The massive under-absorption of fixed factory overhead suggests that the current cost structure is incompatible with the company's low-volume output. Without a significant shift toward automated mass production, the path to achieving positive gross margins appears mathematically daunting and potentially unattainable.
According to recent SEC filings, FFAI's operating income of -$33.2 million in 2026Q1 indicates that corporate overhead and R&D expenses continue to dwarf the company's minimal gross profit, preventing any meaningful progress toward operational self-sufficiency.
The persistent gap between operating expenses and revenue suggests that the company is currently unable to scale its operations efficiently. The high fixed-cost base, combined with minimal revenue, implies that the firm remains entirely dependent on external capital to fund its ongoing administrative and development activities.
As evidenced by the company's financial history, FFAI's reliance on frequent, dilutive capital raises to sustain operations suggests that the primary risk to shareholders is the long-term erosion of equity value rather than the potential for near-term operational success.
While some market participants may focus on the potential liquidation value of the company's intellectual property, the current income statement reflects a business model that is fundamentally distressed. The persistent negative net margins warrant further investigation into whether the company can survive long enough to monetize its technology.
Quick answers to the most common questions about buying FFAI stock.
For fiscal year 2025, Faraday Future Intelligent Electric Inc. (FFAI) reported total revenue of $0.5M.
Faraday Future Intelligent Electric Inc. (FFAI) reported a net loss of $390.7M for the fiscal year ending 2025.
Faraday Future Intelligent Electric Inc. (FFAI) reported an operating income of $-182.4M, resulting in an operating profit margin of -34032.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Faraday Future Intelligent Electric Inc. (FFAI) generated $-97.8M in gross profit for the year, representing a gross profit margin of -18239.9%. This demonstrates the company's core pricing power and production efficiency.