Quarterly ResultMay 14, 2026, 04:33 PM
Faraday Future Q1 Revenue +62% to $512K; Net Loss $(38.86)M
AI Summary
Faraday Future Intelligent Electric Inc. reported a 62% increase in Q1 2026 revenue to $512 thousand, up from $316 thousand in Q1 2025. Despite this revenue growth and an improved gross loss, the company's net loss significantly widened to $(38.86) million from $(10.28) million in the prior year period. Cash and cash equivalents decreased substantially, and operating cash burn intensified.
Key Highlights
- Revenue increased 62% to $512 thousand for Q1 2026, up from $316 thousand in Q1 2025.
- Net loss attributable to the company widened to $(38.86) million, compared to $(10.28) million year-over-year.
- Basic net loss per share was $(0.18) for Q1 2026, compared to $(0.14) in Q1 2025.
- Cash and cash equivalents decreased to $12.23 million as of March 31, 2026, from $34.93 million.
- Net cash used in operating activities increased to $(31.47) million from $(20.30) million year-over-year.
- Automotive sales generated $208 thousand, and Robotics segment revenue was $288 thousand.
- A goodwill impairment charge of $2.1 million was recorded in Q1 2026.
- Stockholders' equity improved to $19.24 million from a $(27.34) million deficit.
Price Impact
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