A plain-English look at Faraday Future's tiny revenue, huge losses, and battered stock price, based solely on public filings and market data.
A Bold Vision Meets Hard Numbers
Faraday Future Intelligent Electric Inc. describes itself as a shared intelligent mobility ecosystem, one aiming to blend the internet, artificial intelligence, and the auto industry into a single new kind of transportation company. It's an ambitious pitch. But the company's latest financial filings, drawn from public records, tell a story that is far more sobering than the vision statement suggests.
What the Company Actually Does
Faraday Future organizes its work into two operating segments: AI Electric Vehicle, or AIEV, and digital assets. The company also has engineering, sales, and operational capabilities in China, where it plans to build out manufacturing through a joint venture. Headquartered in New York, New York, the company employs approximately 288 people and operates in the vehicles industry.
Revenue That Barely Registers
For fiscal year 2025, Faraday Future reported revenue of $536.0K. To put that in perspective, that's the kind of figure a small regional business might post in a year — not typically what one expects from a company positioning itself as a next-generation vehicle and mobility platform. Revenue at this scale suggests the company is still in an early, pre-commercial stage rather than one with meaningful product sales flowing through its books.
A Loss Far Larger Than Sales
The more striking figure is the bottom line. Faraday Future posted a net loss of $390.7M for fiscal year 2025. That means the company lost hundreds of millions of dollars while generating just over half a million dollars in revenue. The scale of that gap is unusual even among early-stage companies and points to substantial spending relative to what's coming in the door.
Making Sense of the Margins
The company's gross margin came in at -18239.9%, and its net margin was -74082.5%. These aren't typographical errors — they're mathematical consequences of a company with costs (and losses) that vastly outstrip its tiny revenue base. When revenue is this small, even modest operating expenses can translate into margin percentages that look extreme on paper.
Assets on the Balance Sheet
Despite the losses, Faraday Future reports total assets of $277.9M. That figure represents what the company holds — cash, property, equipment, and other resources — as recorded on its balance sheet, separate from its ongoing operating losses.
How the Market Is Pricing It
Faraday Future trades on the Nasdaq under the ticker FFAI. Its market capitalization currently stands at $91.9M, and shares recently traded at $0.14, based on 15-minute delayed pricing. The stock is trading 95% below its 52-week high, a decline that reflects how significantly the market's valuation of the company has fallen over the past year.
A Public Company Since 2021
Faraday Future has been publicly traded since its IPO in July 2021. In the years since going public, the company's story has been defined by its stated ambitions in AI-driven electric vehicles and digital assets on one hand, and by financial results — minimal revenue, deep losses, and a much-diminished stock price — on the other.
The Bottom Line on the Numbers
Taken together, the figures describe a company that remains far from profitability and generates little revenue relative to its losses, even as it holds hundreds of millions of dollars in total assets and continues to pursue its stated plans in China and elsewhere.
This article is based on publicly available filings and market data and is intended for factual reporting purposes only, not investment advice.
