Faraday Future Q1 FY26 net loss widens to $42.32 million; revenue rises 62% to $512,000
Faraday Future Intelligent Electric FFAI | 0.00 |
- Faraday Future Intelligent Electric posted a net loss of $42.32 million, widening from $10.28 million a year earlier, as revenue rose 62% to $512,000.
- Operating loss narrowed to $35.91 million from $43.83 million, while cost of revenue fell 44.4% to $11.89 million on lower depreciation expense following a $128.9 million impairment recorded in third-quarter 2025.
- Revenue included $208,000 from initial FX Super One vehicle sales in the U.A.E. and $288,000 from first-quarter robotics product sales; FF vehicle revenue dropped to $16,000 from $316,000.
- Cash used in operating activities increased to $31.47 million from $20.3 million, with unrestricted cash at $12.2 million and negative working capital of $76 million.
- Management said substantial doubt exists about the company’s ability to continue as a going concern, citing recurring losses and dependence on timely financing as it advances FX Super One commercialization and expands robotics.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Faraday Future Intelligent Electric Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-035138), on May 14, 2026, and is solely responsible for the information contained therein.
