FARADAY FUTURE INTELLIGENT ELECTRIC INC. FFAI
consummation of the Business Combination (as defined herein), and "Legacy FF" refers to FF Intelligent Mobility Global Holdings Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands, together with its consolidated subsidiaries, prior to the Business Combination. References to "PSAC" refer to Property Solutions Acquisition Corp., a Delaware corporation, our predecessor company prior to the consummation of the Business Combination (as defined herein), and "Legacy FF" refers to FF Intelligent Mobility Global Holdings Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands, together with its consolidated subsidiaries, prior to the Business Combination. The discussion of the Company's business and the electric vehicle industry below is qualified by, and should be read in conjunction with, the discussion of the risks related to Company's business and industry detailed elsewhere in this Annual Report on Form 10-K.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $536.0K | $539.0K | $784.0K | $0 | — | — | — |
| Gross profit | -$97.8M | -$83.5M | -$41.8M | $0 | — | — | — |
| R&D | $16.6M | $25.2M | $132.0M | $300.0M | $174.9M | $20.2M | — |
| SG&A | $55.7M | $43.2M | $82.9M | $112.8M | $97.9M | $41.1M | — |
| Total operating expenses | $233.3M | $66.2M | $244.2M | $437.1M | $354.1M | $64.9M | — |
| Operating income | -$331.1M | -$149.7M | -$286.1M | -$437.1M | -$354.1M | -$64.9M | — |
| Pre-tax income | -$397.0M | -$356.1M | -$431.6M | -$602.2M | -$516.3M | -$147.1M | — |
| Income tax | $63.0K | $267.0K | $109.0K | $61.0K | $240.0K | $3.0K | — |
| Net income | -$397.1M | -$355.8M | -$431.7M | -$602.2M | -$516.5M | -$147.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $34.9M | $7.1M | $4.0M | $18.5M | $530.5M | $1.8M | $2.2M |
| Receivables | $257.0K | $0 | $7.0K | $0 | — | — | — |
| Inventory | $3.3M | $27.5M | $34.2M | $4.5M | — | — | — |
| Total current assets | $68.5M | $71.9M | $91.4M | $84.5M | $607.3M | $14.4M | — |
| Property, plant and equipment | $155.3M | $348.6M | $417.8M | $406.3M | $293.1M | $293.9M | — |
| Goodwill | $25.8M | $0 | — | — | — | — | — |
| Other intangibles | $4.6M | $1.0M | — | — | — | — | — |
| Total assets | $277.9M | $425.4M | $530.5M | $529.3M | $907.4M | $316.4M | — |
| Accounts payable | $57.3M | $71.4M | $93.2M | $91.6M | $37.8M | $86.6M | — |
| Total current liabilities | $148.2M | $192.7M | $261.2M | $268.2M | $293.8M | $849.1M | — |
| Total liabilities | $270.1M | $310.4M | $302.3M | $328.3M | $339.8M | $895.7M | — |
| Retained earnings | -$4.71B | -$4.31B | -$3.96B | -$3.53B | -$2.91B | -$2.39B | — |
| Total equity | -$27.3M | $115.0M | $228.2M | $201.0M | $567.7M | -$579.3M | -$439.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$107.6M | -$70.2M | -$278.2M | -$383.1M | -$339.8M | -$41.2M | — |
| Depreciation and amortisation | $64.8M | $71.4M | $42.5M | $3.0M | $3.0M | $3.5M | — |
| Stock-based compensation | $3.1M | $8.4M | $9.2M | $17.7M | $11.3M | $9.5M | — |
| Capital expenditure | $7.6M | $7.6M | $31.1M | $123.2M | $95.7M | $607.0K | — |
| Investing cash flow | -$23.5M | -$7.4M | -$31.1M | -$123.2M | -$95.7M | $3.0M | — |
| Financing cash flow | $161.4M | $80.7M | $291.4M | -$6.7M | $966.6M | $36.8M | — |
| Buybacks | — | — | $0 | $767.0K | $200.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-048534.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $0 | $784.0K | $539.0K | $536.0K |
| Gross profit | — | — | — | $0 | -$41.8M | -$83.5M | -$97.8M |
| Net income | — | -$147.1M | -$516.5M | -$602.2M | -$431.7M | -$355.8M | -$397.1M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement signed Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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