Faraday Future Intelligent Electric Inc
NASDAQ:FFAI
Faraday Future Intelligent Electric Inc
Faraday Future Intelligent Electric, Inc. is an emerging growth company, which manufactures electric vehicles. The company is headquartered in New York City, New York. The company went IPO on 2020-07-24. The firm is focused on developing and creating a mobility ecosystem that integrates clean energy, artificial intelligence (AI) and the Internet. FF 91 is the Company’s electrical vehicle.
Faraday Future Intelligent Electric, Inc. is an emerging growth company, which manufactures electric vehicles. The company is headquartered in New York City, New York. The company went IPO on 2020-07-24. The firm is focused on developing and creating a mobility ecosystem that integrates clean energy, artificial intelligence (AI) and the Internet. FF 91 is the Company’s electrical vehicle.
Revenue: Faraday Future reported Q1 2025 revenue of $0.3 million, driven mainly by FF 91 deliveries and leases.
Net Loss: Net loss from operations was $43.8 million, essentially flat compared to $43.6 million in Q1 2024, showing cost discipline.
Funding: The company received $20 million from prior financing and secured an additional $41 million in new funding, supporting continued FX ramp-up and AI R&D.
Market Traction: Faraday Future received 1,300 nonbinding paid B2B preorders for its FX Super One, signaling early demand.
Strategic Milestones: FX Super One product launch event expected at end of June, with plans to open up B2C preorders and target 10,000 total paid per orders.
Capital Structure: Net assets grew 21% to $139.8 million, with the debt-to-asset ratio improving by 700 basis points to 66%.
