Faraday Future Reports 81.6% Revenue Decline and $124.7 Million Net Loss in Q2 2025

Faraday Future Intelligent Electric Inc. reported its financial results for the second quarter of 2025, revealing a significant decline in revenue and continued operational losses. The company generated $54,000 in revenue for the three months ended June 30, 2025, a decrease of 81.6% compared to $293,000 in the same period last year. For the first half of 2025, revenue totaled $370,000, up 25.4% from $295,000 in the prior year. Despite this increase, the company continues to face challenges, with a net loss of $124.7 million for the quarter, compared to a loss of $108.7 million in the same quarter of 2024. The net loss for the first half of 2025 was $135.0 million, an improvement from $156.9 million in the previous year.

The company's operational expenses also reflected a mixed performance. Total operating expenses for the second quarter were $21.3 million, down from $29.9 million in the same period last year, primarily due to a reduction in general and administrative costs. Research and development expenses increased by 50.9% to $5.0 million, driven by higher personnel costs and technology infrastructure investments. The company reported a gross profit loss of $26.9 million for the quarter, attributed to increased costs of revenue, including depreciation and inventory reserves.

In terms of strategic developments, Faraday Future has made progress in its product pipeline, including the launch of the FX Series, which began with the SuperOne model. The company has secured over 10,000 binding deposit commitments for the FX Super One, indicating growing demand. Additionally, the company is expanding its operations in the United Arab Emirates, with plans for a manufacturing facility to support its market presence in the region. As of June 30, 2025, the company held approximately $13.2 million in cash, with a negative working capital position of $146 million.

The filing also highlighted the company's ongoing liquidity challenges and substantial doubt about its ability to continue as a going concern. Faraday Future has funded its operations primarily through the issuance of notes payable and related party financing, with total commitments under its SPA Portfolio Notes amounting to $655.5 million as of June 30, 2025. The company is actively seeking additional funding to support its operations and production ramp-up, particularly for the FF 91 and FX Series vehicles.

Looking ahead, Faraday Future anticipates continued operating losses as it ramps up production and expands its product offerings. The company is focused on optimizing its manufacturing capabilities and enhancing its market presence while navigating the complexities of securing additional financing and managing operational costs.