Quarterly ResultAug 13, 2026, 04:26 PM
Faraday Future Q2 Net Loss $(36.03)M; Implements 1-for-150 Split
AI Summary
Faraday Future Intelligent Electric Inc. reported a net loss attributable to the company of $(36.03) million for the second quarter of 2026, an improvement from the $(124.68) million loss in the prior year period. Revenue for the quarter significantly increased to $0.84 million, though the company continued to report a gross loss of $(10.70) million. The company's total stockholders' equity stood at a low $1.41 million as of June 30, 2026, and it implemented a 1-for-150 reverse stock split in July 2026 to address its stock price.
Key Highlights
- Net loss attributable to Faraday Future for Q2 2026 was $(36.03) million, an improvement from $(124.68) million in Q2 2025.
- Revenue for Q2 2026 increased to $0.84 million from $0.05 million in Q2 2025.
- Gross loss for Q2 2026 improved to $(10.70) million from $(26.86) million in Q2 2025.
- Net cash used in operating activities for the six months ended June 30, 2026, was $(56.53) million.
- Total stockholders' equity as of June 30, 2026, was $1.41 million, down from $7.76 million at year-end 2025.
- The company implemented a 1-for-150 reverse stock split on July 24, 2026.
- Impairment of intangible assets, including goodwill, totaled $5.70 million for the six months ended June 30, 2026.
Price Impact
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