Latest revenue
$512.0K
as of 2026-03-31
Latest net income
$-38.9M
as of 2026-03-31
Net margin
-7589.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $9.4M
- Enterprise value
- $9.4M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $3.61
- 52-wk low
- $0.21
- Beta
- —
- Shares out
- 29.5M
5-year trend
What this company does
Faraday Future designs and sells ultra-luxury and premium electric vehicles, including the FF 91 flagship and a newer second brand targeting a broader price point. The company generates negligible revenue ($407 thousand over nine months) and funds operations through repeated equity and convertible note issuances, diluting shareholders from roughly 1 million to 161 million Class A shares since the start of 2024. Faraday booked a $138 million asset impairment, swung to negative stockholders' equity, and now carries a $4.67 billion accumulated deficit, underscoring severe going-concern pressure despite a recent cash build to $63 million.
Generated from FFAI's filing dated 2022-05-13
Key risks
- Going concern: negative stockholders' equity of $39.5M, $4.67B accumulated deficit, and only $407K in nine-month revenue against $357M net loss.
- Massive dilution: Class A shares ballooned from 65.9M to 161.3M in nine months via note conversions, warrant exercises, and settlements.
- $138.5M asset impairment in Q3 2025 plus PP&E falling from $349M to $165M signals collapsing operational asset base.
Generated from FFAI's filing dated 2022-05-13
Profitability
Gross margin
-18239.9%
17.8%Operating margin
-61763.1%
122.3%Net margin
-72891.0%
10.4%Return on equity
1429.1%
561.7%Return on assets
-140.6%
68.1%Leverage
Debt / equity
-11.16×
513.5%Long-term debt / equity
-2.09×
599.3%Debt / assets
109.8%
50.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $512.0K | +62.0% | $-38.9M | -278.1% | -7589.1% |
Q4 2025 2025-12-31 | $129.0K | -45.1% | $-33.6M | +72.3% | -26011.6% |
Q3 2025 2025-09-30 | $37.0K | +311.1% | $-222.2M | -186.0% | -600505.4% |
Q2 2025 2025-06-30 | $54.0K | -81.6% | $-124.7M | -14.7% | -230881.5% |
Q1 2025 2025-03-31 | $316.0K | +15700.0% | $-10.3M | +78.7% | -3252.5% |
Q4 2024 2024-12-31 | $235.0K | — | $-121.3M | — | -51599.6% |
Q3 2024 2024-09-30 | $9.0K | -98.4% | $-77.7M | +0.5% | -863177.8% |
Q2 2024 2024-06-30 | $293.0K | — | $-108.7M | +13.0% | -37093.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Motor Vehicles & Passenger Car Bodies · SIC 3711
Your notes
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Insider activity
Insider buying
$576.2K
Insider selling
$0
Net activity
+$576.2K
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FFAI
Institutional value
$6.9M
Total shares held
25.3M
Distinct holders
54
-22 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.0M | $3.0M | +1.5M (+15.7%) | Added |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 7.9M | $2.2M | — | New |
| 3 | VANGUARD FIDUCIARY TRUST CO | 1.4M | $372.1K | — | New |
| 4 | UBS Group AG | 1.3M | $343.9K | +225.5K (+22.0%) | Added |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.1M | $306.7K | — | New |
| 6 | Bank of New York Mellon Corp | 329.9K | $90.7K | +16.9K (+5.4%) | Added |
| 7 | Nuveen, LLC | 301.6K | $82.9K | +0 (+0.0%) | No change |
| 8 | DEUTSCHE BANK AG\ | 294.4K | $82.4K | +208.0K (+240.6%) | Added |
| 9 | Focus Partners Advisor Solutions, LLC | 166.1K | $45.6K | — | New |
| 10 | Kaufman Rossin Wealth, LLC | 156.4K | $43.0K | — | New |
| 11 | Abel Hall, LLC | 152.8K | $42.0K | — | New |
| 12 | RHUMBLINE ADVISERS | 147.0K | $40.4K | +13.6K (+10.2%) | Added |
| 13 | SEI INVESTMENTS CO | 129.9K | $35.7K | +0 (+0.0%) | No change |
| 14 | JPMORGAN CHASE & CO | 79.2K | $20.1K | +21.3K (+36.8%) | Added |
| 15 | WELLS FARGO & COMPANY/MN | 72.7K | $20.0K | -87.4K (-54.6%) | Trimmed |
| 16 | Vanguard Global Advisers, LLC | 70.1K | $19.3K | — | New |
| 17 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 70.7K | $16.7K | — | New |
| 18 | INTECH INVESTMENT MANAGEMENT LLC | 58.1K | $16.0K | +18.1K (+45.3%) | Added |
| 19 | Invesco Ltd. | 54.7K | $15.0K | +340 (+0.6%) | Added |
| 20 | Mariner, LLC | 52.3K | $14.4K | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With only $62.9M cash, $211M current liabilities, and a $357M nine-month net loss, how many quarters of runway remain absent further dilution?
- 2
The Q3 $138.5M asset impairment and PP&E falling from $349M to $165M—does this signal abandonment of the FF91 program or Hanford capacity?
- 3
Share count exploded from 65.9M to 161.3M YTD via note conversions; what conversion overhang remains from the $10.7M Series B and SPA notes?
Refreshed when FFAI files a new report · last from 2022-05-13