Faraday Future narrows Q2 operating loss as cash position hits 18-month high

LOS ANGELES - Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) reported a second-quarter 2025 adjusted operating loss of approximately $27.4 million, with a monthly average burn rate of $9 million, as the electric vehicle maker’s cash position reached an 18-month high. According to InvestingPro data, the stock has shown significant momentum with a 75% return over the past six months, despite trading at just $2.58, well below its 52-week high of $11.40.

The California-based EV company posted a net loss from operations of $48.1 million, a slight improvement from $50.6 million in the same period last year, according to a press release statement. Total operating expenses decreased 29% year-over-year to $21.3 million. InvestingPro analysis reveals the company’s challenging financial position, with a current ratio of 0.41 indicating short-term obligations exceed liquid assets.

Faraday Future secured approximately $105 million in new financing commitments, subject to certain closing conditions, to support the launch of its FX Super One vehicle and accelerate development efforts.

The company reported receiving non-binding paid pre-orders for more than 4,000 FX Super One units in Q2, with total pre-orders exceeding 10,000 units as of July 31. The FX Super One has entered parts procurement and production preparation at the company’s Hanford, California factory.

"In the second quarter, we achieved several notable capital markets milestones and also continued to strengthen our operating efficiencies and cost control measures," said Matthias Aydt, Global Co-CEO of Faraday Future.

The company was added to the Russell 3000 Index during the quarter. Institutional investors Vanguard and BlackRock both increased their holdings in FFAI by over 500% compared to Q4 2024, according to the company. With a market capitalization of $257 million and a high beta of 4.64, InvestingPro identifies FFAI as a volatile growth stock with 20 additional key insights available to subscribers, including detailed financial health scores and Fair Value analysis.

Faraday Future plans to invest approximately $100 million into its U.S. operations over the next 9-12 months, contingent upon securing necessary financing. The company expects the first FX Super One to roll off production lines in both the U.S. and Middle East by year-end.

The company also announced that singer Mariah Carey will become an owner of an FF 91 2.0 Futurist Alliance vehicle. Analysts expect extraordinary revenue growth of over 1,000% for the current year, according to InvestingPro forecasts, though the company’s path to profitability remains uncertain.

In other recent news, Faraday Future Intelligent Electric Inc. has been actively engaged in several significant developments. The company has initiated trial production of its FX Super One model at its Hanford, California facility. This phase will focus on verifying production processes and quality standards while providing specialized training for factory staff. Additionally, Faraday Future announced a non-binding pre-order from Nature’s Miracle Holding Inc. for 1,000 FX Super One vehicles, valued at up to $100 million. The delivery of these vehicles is projected to begin by the end of 2025.

In another strategic move, Faraday Future plans to hold a Special Meeting of Stockholders to seek approval for a 39% increase in authorized common stock shares. This increase would support obligations under a recently announced $105 million financing. Furthermore, the company is preparing to unveil a major strategic upgrade at the Pebble Beach event during Monterey Car Week. However, Faraday Future has also disclosed receiving a Wells Notice from the U.S. Securities and Exchange Commission, indicating potential enforcement action related to alleged violations of federal securities laws.

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