FF released its Q2 2025 earnings report. The earnings call will be held at 8:00 AM on August 19.
· Adjusted operating loss for the second quarter was approximately $27.4 million, with an average monthly operating loss of approximately $9 million; cash reserves at the end of the quarter reached the highest level in nearly 18 months; operational efficiency and cost control continued to improve.
· Officially included in the Russell 3000 Index - this important milestone will further enhance the company's visibility and credibility among institutional investors, analysts, and the broader market.
· Top international fund management companies continue to increase their holdings in FFAI. Compared to the fourth quarter of 2024, Vanguard and BlackRock have increased their holdings in FFAI by more than 500%.
· Announced that the world's best-selling female artist and top international music legend Mariah Carey will become the new owner of the FF 91 2.0 Futurist Alliance.
· On August 16, US time, the company launched the "EAI + Crypto" dual flywheel & dual bridge ecosystem strategy at Pebble Beach, officially launching the first top ten crypto asset basket index product C10 Treasury and C10 Index on the US stock market; California Treasurer Fiona Ma attended and delivered the opening speech, expressing support for this new strategy.
· The second quarter accumulated over 4,000 paid pre-orders for FX Super One; as of July 31, 2025, the cumulative number of pre-orders exceeded 10,000.
· FX Super One has officially entered the component procurement and mass production preparation stage at the Hanford factory in California, and is about to enter the trial production phase.
On August 19, 2025, Beijing time (August 18, 2025, California, USA) - Faraday Future Intelligent Electric Inc. $Faraday Future Intelligent Electric(FFIE.US) ("Faraday Future", "FF" or "Company"), headquartered in California, USA, today announced its financial results for the second quarter of 2025. The company highlighted several key indicators, showcasing significant progress in operational execution, financial status, and FX brand and product development. Additionally, the company updated subsequent developments, including the global first product launch of FX Super One MPV, the launch of the "EAI + Crypto" dual flywheel & dual bridge ecosystem strategy, and the business outlook for the second half of 2025.
Summary
The company has made significant progress in operations, continuously strengthening its business and financial foundation, and actively promoting the EAI-driven mobility strategy. On July 17, 2025, FF successfully held the FX launch event in Los Angeles, debuting two disruptive products: FX Super One EAI-MPV and Super EAI F.A.C.E. super intelligent face system, and released the "FF EAI embodied intelligence 6x4 architecture". As of the end of the second quarter, the number of paid orders for FX Super One exceeded 4,000 units, increasing to over 10,000 units by July 31, 2025. The strong market demand fully validates the success of the co-creation ecosystem online direct sales model and once again proves the correctness of the FX mass market strategy. It is worth mentioning that globally renowned female singer Mariah Carey not only showcased the FF 91 2.0 and FFZERO1 concept car in her latest MV but will also become the new owner of the FF 91 2.0 Futurist Alliance, demonstrating great recognition of the brand.
The subsequent vehicle production of FF 91 is progressing orderly at the FF Hanford factory. Additionally, FX Super One has started component procurement and mass production preparation work at the Hanford factory and is about to enter the trial production stage. The company also pushed the 0.58 version software update for FF 91 2.0 through OTA, completed the first FMVSS test for FX, and submitted a patent application for the Super EAI F.A.C.E. super intelligent face system.
In the coming years, the company plans to continue expanding the team size. With the advancement of the FX new car project, it is expected to start the final assembly production line in Hanford by the end of 2025, creating a large number of high-quality jobs. Additionally, Faraday Future plans to invest approximately $100 million in the next 9-12 months, focusing on research and infrastructure construction for its US business.
In terms of capital and investor relations, FF has been officially included in the Russell 3000 Index, which will significantly enhance the company's visibility and credibility among institutional investors, analysts, and the broader market. Notably, top international fund companies Vanguard and BlackRock continue to increase their holdings in FFAI stocks, with both institutions' holdings increasing by more than 500% compared to the fourth quarter of 2024, fully demonstrating the market's confidence in FF's long-term development potential. The company has internally launched the 10b5-1 executive stock purchase plan, reflecting the management's firm confidence in the company's prospects, further achieving deep binding of management and shareholder interests. Additionally, FF has successfully obtained approximately $105 million in new financing, which will mainly be used to support the mass production and delivery of FX Super One and accelerate the research and delivery of FF and FX brands and AI-related technologies.
In terms of expanding the Middle East market, FF held the Middle East factory handover ceremony in the Ras Al Khaimah Economic Zone (RAKEZ) in the second quarter, further strengthening its strategic layout in the Middle East and North Africa region.
In terms of operations, FF welcomed the return of founder YT Jia as co-CEO in the second quarter. His leadership has significantly improved the company's operational fundamentals and capital fundamentals, further enhancing market confidence. At the same time, FF has implemented reform measures across the company, achieving significant results in cost control, efficiency improvement, and process optimization.
2025 Second Quarter Results
· Operating loss: Approximately $48.1 million in the second quarter of 2025, a slight improvement from $50.6 million in Q2 2024
· Operating cash outflow: Approximately $43.6 million in the first half of 2025, a 50% increase compared to $29.1 million in the same period of 2024.
· Financing cash inflow: Approximately $55.1 million in the first half of 2025, a 106% increase compared to $26.7 million in the same period of 2024. This is the fifth consecutive quarter where financing inflows exceeded operating outflows, reflecting the company's continuously enhanced operational resilience.
· Operating expenses: Approximately $21.3 million in the second quarter of 2025, a significant decrease of 29% compared to the same period in 2024.
In summary, the company has made steady progress in financial management and operational execution this quarter. FF will continue to invest resources in the most critical priorities, effectively managing capital while maintaining the flexibility for long-term growth. The company continues to optimize the expense structure to better match current business needs, thereby consolidating future stability and financial robustness. Additionally, the global launch of FX Super One on July 17, 2025, is an important step in advancing the company's strategic path.
On August 16, 2025, US time, FF launched the dual flywheel & dual bridge ecosystem strategy at the Pebble Beach event, committed to achieving deep integration of traditional business operations and the crypto asset industry. As one of the first listed companies in the US with such capabilities, FF is opening up new growth models through the integration of Web2 and Web3. The C10 Treasury is expected to significantly enhance the company's financial and technical strength while improving innovation capabilities in both ecosystems. California Treasurer Fiona Ma attended the event and delivered the opening speech, giving high praise to FF's innovative practices.
2025 Outlook
In the second half of 2025, FF will continue to focus on technological innovation, financial control, and long-term growth and sustainable development of the business. The company expects to achieve the first car off the production line by the end of the year, and complete the localization production of the first FX Super One in the Middle East. FF will firmly implement the seven core strategic goals from S1 to S7, adhering to the "Shareholders First" philosophy, continuously enhancing investor trust, and fully boosting market confidence.
"In the second quarter, we achieved several important milestones in the capital market while continuously strengthening operational efficiency and cost control capabilities," said FF Global Co-CEO Matthias Aydt. "We are also very excited about the recent series of developments, including the launch of FX Super One in Los Angeles on July 17 and the new strategy launch at Pebble Beach on August 16. At this event, we announced the dual flywheel & dual bridge ecosystem strategy, aiming to deeply integrate the EAI EV business with the crypto asset industry. FX will also rely on its innovative B2B and B2C sales models to continuously accumulate strong momentum, and the early paid pre-order data for FX Super One is encouraging."
Performance Conference Call Live Broadcast
FF will hold a performance conference call live broadcast at 8:00 AM Beijing time on August 19, 2025 (8:00 PM Eastern Time on August 18, 2025). Investors and parties can log in to the company's investor relations page to listen: https://investors.ff.com/. After the meeting, you can log in to the company's website to view the replay. More information about the second quarter of 2025 (after official disclosure) can be found in the documents submitted to the SEC and the company's website.
$Faraday Future Intelligent Electric(FFAI.US)
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