Faraday Future Reports Financial Results for First Quarter 2025 - Seite 2

In technology and AI, FF has made strong progress across product planning and software enhancement. FF began technology planning for its AI Hybrid Extended-Range system, which could power the next generation of FF products. FF has successfully delivered the first internal development version of its AI-powered vehicle operating system, built on its AI Agent framework, enabling intelligent in-cabin and driving experiences. The FF91 software continues to evolve, with the version 57 update released during the quarter—further enhancing user experience, stability, and performance.

In capital and investor relations, FF received $20 million from a prior financing round and secured an additional $41 million in new funding, subject to closing conditions. These funds are crucial to supporting FX ramp-up, AI R&D, and market expansion. FF also hosted an investor event in New York, where it engaged stakeholders, shared strategic updates, and announced plans to open a New York Metro office to deepen its presence in this key market. FF is aiming for FX models to achieve positive gross margins relatively quickly, with upcoming funding to support production costs.

As part of our global strategy, our Middle East facility in Ras Al Khaimah Economic Zone (RAKEZ) is now ready for occupancy. The local team will be taking over shortly, bringing our international production capacity another step closer to activation

RESULTS FOR FIRST QUARTER 2025

• Revenue: $0.3 million, from FF 91 deliveries and lease revenue.
  
  
• Net Assets: $139.8 million, increased by $24.8 million, or 21.6%, from the prior year-end.
  
  
• Net Loss from Operations: $43.8 million, in line with $43.6 million in Q1 2024.​
  
  
• Operating Cash Outflow: $20.3 million, a 38% increase from Q1 2024.
  
  
• Financing Cash Inflow: $24.6 million, marking the third consecutive quarter where financing inflows exceeded operating outflows, a positive and sustained trend that continues to support our operations.
  
  
• Total operating expenses: $22.8 million, representing a modest decrease of $0.2 million compared to Q1 2024.

In summary, FF’s performance this quarter demonstrates clear progress on both financial and operational fronts. FF remains focused on strategic investments in its core roadmap, while optimizing capital and driving toward long-term growth. FF has made tangible progress in aligning cost structure with operational priorities, while positioning it for long-term scalability and financial resilience. Here are some additional achievements: