FARADAY FUTURE INTELLIGENT ELECTRIC INC.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
FFAI$0.25-9.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the years ended
(in thousands)
| 2025 | 2024 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net loss | $(397,082) | $(355,847) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 64,807 | 71,442 |
| Amortization of operating lease right-of-use assets | 3,032 | 2,588 |
| Non-cash interest expense | 4,870 | 1,929 |
| Loss (gain) on digital assets, net | 4,117 | — |
| Loss (gain) on disposal of property and equipment, net | 2,459 | 1,667 |
| Asset impairment | 137,435 | 1,847 |
| Goodwill impairment | 4,450 | — |
| Stock-based compensation | 3,150 | 8,382 |
| Reserve on inventory | 17,829 | 476 |
| Credit loss expense | 4,294 | — |
| Accrued interest on short-term note receivable | (189) | — |
| Loss on settlement of notes payable | 100,524 | 161,725 |
| Loss on settlement of related party notes payable | 5,128 | 14,295 |
| H.S.L. SRL. settlement adjustment | (295) | — |
| Settlement on accrued research and development expenses | — | (14,935) |
| Change in fair value of notes payable, warrant liabilities, and derivative liabilities | (49,093) | 15,058 |
| Change in fair value of related party notes payable, warrant liabilities, and derivative liabilities | 1,627 | (253) |
| Other | 55 | 963 |
| Changes in operating assets and liabilities | ||
| Accounts receivables | (257) | — |
| Inventory | 706 | 6,267 |
| Deposits | (376) | (706) |
| Accounts payable | (15,843) | (8,804) |
| Accrued expenses and other current liabilities | 4,069 | 16,907 |
| Related party accrued expenses and other current and non-current liabilities | 1,667 | (1,573) |
| Related party accrued interest expense | — | 8,710 |
| Operating lease liabilities | (3,572) | — |
| Financing lease liabilities | — | 2,876 |
| Other current and non-current assets | (1,088) | (3,200) |
| Net cash used in operating activities | (107,576) | (70,186) |
| Cash flows from investing activities | ||
| Acquisition of AIXC, net of cash acquired | (1,121) | — |
| Proceeds from sale of equipment | 32 | 198 |
| Purchase of digital assets | (27,000) | — |
| Sale of digital assets | 12,632 | — |
| Payments for property and equipment | (7,644) | (7,580) |
| Purchase of short-term note receivable | (100) | — |
| Additions to intangible assets | (256) | — |
| Net cash used in investing activities | (23,457) | (7,382) |
| Cash flows from financing activities | ||
| Proceeds from AIXC follow-on capital contribution, net of issuance costs | 9,899 | — |
| Payments of notes payable issuance costs | (2,540) | (2,087) |
| Payments of related party notes payable issuance costs | (4,017) | — |
| Payments of notes payable and other financing obligations | (4,932) | (428) |
| Capital contributions | — | 250 |
| Proceeds from notes payable, net of original issuance discount | 151,739 | 68,111 |
| Proceeds from related party notes payable, net of original issuance discount | 4,731 | 3,075 |
| Proceeds from other financial obligations | 5,081 | 11,812 |
| Proceeds from exercise of warrants | 1,441 | — |
| Net cash provided by financing activities | 161,402 | 80,733 |
| Effect of exchange rate changes on cash and restricted cash | (2,589) | (16) |
(in thousands)
| Net increase in cash and restricted cash | 27,780 | 3,149 |
|---|---|---|
| Cash and restricted cash, beginning of period | 7,174 | 4,025 |
| Cash and restricted cash, end of period | $34,954 | $7,174 |
The following table provides a reconciliation of cash and restricted cash reported within the Consolidated Balance Sheets that aggregate to the total of the same such amounts shown in the Consolidated Statements of Cash Flows:
| 2025 | 2024 | |
|---|---|---|
| Cash and restricted cash | ||
| Cash | $34,927 | $7,144 |
| Restricted cash | 27 | 30 |
| $34,954 | $7,174 | |
| 2025 | 2024 | |
|---|---|---|
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $6,180 | $4,865 |
| Cash paid for income taxes | $14 | $— |
| Supplemental disclosure of noncash investing and financing activities | ||
| Reclass of warrants from liability to equity | $7,134 | $— |
| Conversion of notes payable and accrued interest into Class A Common Stock | $84,310 | $67,113 |
| Issuance of warrants and related party warrants with the SPA Portfolio Notes | $49,364 | $34,440 |
| Settlement of vendor liability in Class A Common Stock | $1,833 | $— |
| Non-cash warrant exercise activity and fair value reclassifications to equity | $20,251 | $— |
| Additions of property and equipment included in accounts payable and accrued expenses | $40,002 | $44,540 |
| Shares withheld for RSU tax obligations | $— | $10 |
| Purchase of Class A Common Stock under the Salary Deduction and Stock Purchase Agreements | $— | $102 |
| De-recognition of right-of-use assets and lease liabilities due to lease modifications | $— | $3,394 |
| Cancellation of warrants | $27,407 | $— |
| Obtaining right-of-use asset in exchange for operating lease liabilities | 6,206 | 30 |
| Supplemental disclosure of noncash operating activities | ||
| Settlement of Palantir dispute with issuance of Class A Common Stock | $— | $4,800 |
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