Faraday Future Intelligent Electric - CW27 | 10-Q: FY2025 Q2 Revenue: USD 54 K

LB filings
2025.08.19 20:46
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Revenue: As of FY2025 Q2, the actual value is USD 54 K.

EPS: As of FY2025 Q2, the actual value is USD -1.2.

EBIT: As of FY2025 Q2, the actual value is USD -48.11 M.

Segment Revenue

  • Automotive Sales: $0 for the three months ended June 30, 2025, compared to $312,000 for the same period in 2024. $0 for the six months ended June 30, 2025, compared to $312,000 for the same period in 2024.
  • Automotive Leasing - Sales Type: $0 for the three months ended June 30, 2025, and 2024. $265,000 for the six months ended June 30, 2025, compared to $0 for the same period in 2024.
  • Automotive Leasing - Operating Type: $54,000 for the three months ended June 30, 2025, compared to -$19,000 for the same period in 2024. $105,000 for the six months ended June 30, 2025, compared to -$17,000 for the same period in 2024.

Operational Metrics

  • Net Loss: -$124.7 million for the three months ended June 30, 2025, compared to -$108.7 million for the same period in 2024. -$135.0 million for the six months ended June 30, 2025, compared to -$156.9 million for the same period in 2024.
  • Gross Profit: -$26.9 million for the three months ended June 30, 2025, compared to -$20.7 million for the same period in 2024. -$47.9 million for the six months ended June 30, 2025, compared to -$41.4 million for the same period in 2024.
  • Operating Expenses: $21.3 million for the three months ended June 30, 2025, compared to $29.9 million for the same period in 2024. $44.0 million for the six months ended June 30, 2025, compared to $52.9 million for the same period in 2024.
  • Loss from Operations: -$48.1 million for the three months ended June 30, 2025, compared to -$50.6 million for the same period in 2024. -$91.9 million for the six months ended June 30, 2025, compared to -$94.2 million for the same period in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: -$43.6 million for the six months ended June 30, 2025, compared to -$29.1 million for the same period in 2024.
  • Net Cash Used in Investing Activities: -$5.0 million for the six months ended June 30, 2025, compared to -$0.3 million for the same period in 2024.
  • Net Cash Provided by Financing Activities: $55.1 million for the six months ended June 30, 2025, compared to $26.7 million for the same period in 2024.

Unique Metrics

  • Inventory, Net: $23.1 million as of June 30, 2025, compared to $27.5 million as of December 31, 2024.
  • Property, Plant, and Equipment, Net: $315.0 million as of June 30, 2025, compared to $348.6 million as of December 31, 2024.
  • Accrued Expenses and Other Current Liabilities: $65.7 million as of June 30, 2025, compared to $56.8 million as of December 31, 2024.

Future Outlook and Strategy

  • Core Business Focus: The Company plans to continue funding operations through the issuance of notes payable, related party notes payable, convertible notes, and the sale of common stock. The Company is preparing to initiate full-scale, series production of the FX Series, including the SuperOne, for commercial sale.
  • Non-Core Business: The Company is exploring various funding and financing alternatives to fund its ongoing operations and to ramp up production. The Company may be unable to satisfy the closing conditions under the SPA Commitments or obtain additional incremental investors under the SPA Commitments or other debt or equity financing in a timely manner, on acceptable terms, or at all.
  • Priority: The Company projects that it will require substantial additional funds to continue operations and support production of the FF 91, and it also plans to initiate production of its FX Series of vehicles. If additional capital is not secured, the Company will not have sufficient resources to meet its obligations and continue operations, which could result in bankruptcy protection and asset liquidation, with equity holders receiving little to no recovery.