FFAI · Faraday Future Intelligent Electric Inc.
Substantial doubt about the company's ability to continue as a going concern.
“Despite management's plans, the completion of the Secured Streeterville Notes and the 2026 May Convertible SPA Notes financings, the filing of the replacement registration statement on Form S-3, our commencement of sales under of the ATM Program, the July 24, 2026 reverse stock split, the implementation of staff and temporary salary reductions, and our continued pursuit of other financing alternatives, our recurring operating losses and negative cash flows from operations raise substantial doubt about our ability to continue as a going concern within one year after the date these Unaudited Condensed Consolidated Financial Statements are issued, as contemplated by ASC 205-40.”View the 10-Q filed Aug 13, 2026
Price & Indicators
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 13, 2026TL;DR. FFAI reported Q2 2026 revenue of $836K (up ~1,500% YoY) with a $38.96M net loss, raised its 2026 EAI robot shipment target to 2,000 units, and completed capital-structure steps including a 1-for-150 reverse split to regain Nasdaq compliance and ~$20M of debt resolution while still carrying $278M of liabilities against just $1.41M of stockholders' equity.
- + Q2 revenue jumped to $836K from $54K YoY and H1 revenue reached $1.35M with positive product gross margins.
- + Cumulative robot shipments reached 394 units by end of July 2026 and 2026 annual target raised to 2,000 units.
- + Q2 net loss narrowed 69% YoY to $38.96M, an $85.71M improvement, and cost of revenue fell 57% YoY.
- − $42.5M of Q2 financing proceeds were classified as restricted cash under deposit account control agreements.
- − EAI automotive business execution is held back until dedicated funding is secured.
- − Going-concern and material-weakness risk factors: inability to pay obligations, reliance on convertible debt investors, and unremediated internal control weaknesses.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Actual Q2 operating cash burn after adjusting for non-cash items & working capital movements non-GAAP | $25M | Q2 2026 | — |
| Amended note milestone tranches | $82M | June–July 2026 | — |
| Anti-Dilution and Balance Sheet Clean-up | $5.36M | July 8, 2026 | — |
| Cumulative sales and shipments of robotics units | 220 | Q2 2026 | — |
| Cumulative shipments | 394 | through August 4th, 2026 | — |
| Single-month sales and shipments of robotics units (June) | 105 | Q2 2026 | — |
| U.S. Institutional Commitments | $70M | April–May 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Auto Manufacturers — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FFAI
this stock
Faraday Future Intelligent Electric Inc.
|
$6.21M | — | -0.6% | — | 27.8% |
|
TSLA
Tesla, Inc.
|
$1.47T | -17.6% | -2.9% | 344.6 | 1.7% |
|
TM
Toyota Motor Corp/
|
$225.40B | -15.2% | +3.8% | — | 0.1% |
|
BYDDF
Byd Co Ltd
|
$86.98B | -22.6% | — | — | 0.1% |
|
GM
General Motors Co
|
$72.50B | -3.8% | -1.3% | 39.1 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FFAI | -23.6% | -30.1% | +284.4% | +1.7% | +20.6% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -23.4% | -29.7% | +272.2% | +0.7% | +7.7% |