Faraday Future Files 10-Q for Q2 2025

TL;DR

FFIE 10-Q filed for Q2 2025. Financials and operations update.

AI Summary

Faraday Future Intelligent Electric Inc. filed its 10-Q for the period ending June 30, 2025. The company, formerly known as Property Solutions Acquisition Corp., is incorporated in Delaware and has its principal executive offices in New York. The filing covers the second quarter of fiscal year 2025.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Faraday Future, a key player in the electric vehicle market.

Risk Assessment

Risk Level: medium — As a company in the automotive sector, especially an EV startup, it faces significant market, operational, and financial risks.

Key Numbers

• 20250630 — Period End Date (The filing covers financial data up to this date.)
• 20250819 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• FARADAY FUTURE INTELLIGENT ELECTRIC INC. (company) — Filer
• Property Solutions Acquisition Corp. (company) — Former Company Name
• 20250630 (date) — Period of Report
• 20250819 (date) — Filing Date
• 654 MADISON AVENUE, SUITE 1009 (address) — Business and Mail Address
• DE (location) — State of Incorporation
• NY (location) — State of Business Address

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share FFAI The Nasdaq Stock Market
• $110,400.00 — A common stock at an exercise price of $110,400.00 per share FFAIW The Nasdaq Stock Marke

Filing Documents

• ffie-20250630.htm (10-Q) — 2787KB
• ex311q22025-ma_ceo.htm (EX-31.1) — 17KB
• ex312q22025-cfo.htm (EX-31.2) — 18KB
• ex321q22025-ma_ceo.htm (EX-32.1) — 8KB
• ex322q22025-cfo.htm (EX-32.2) — 8KB
• 0001628280-25-040825.txt ( ) — 14447KB
• ffie-20250630.xsd (EX-101.SCH) — 94KB
• ffie-20250630_cal.xml (EX-101.CAL) — 76KB
• ffie-20250630_def.xml (EX-101.DEF) — 633KB
• ffie-20250630_lab.xml (EX-101.LAB) — 872KB
• ffie-20250630_pre.xml (EX-101.PRE) — 788KB
• ffie-20250630_htm.xml (XML) — 2646KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Unaudited Condensed Consolidated Balance Sheets 4 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss 5 Unaudited Condensed Consolidated Statements of Stockholders' Equity 7 Unaudited Condensed Consolidated Statements of Cash Flows 8 Notes to Unaudited Condensed Consolidated Financial Statements 10 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 69 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 94 Item 4.

Controls and Procedures

Controls and Procedures 95

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 98 Item 1A.

Risk Factors

Risk Factors 98 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 99 Item 3. Defaults Upon Senior Securities 99 Item 4. Mine Safety Disclosures 99 Item 5. Other Information 100 Item 6. Exhibits 101

Signatures

Signatures 103 2 Table of contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 3 Table of contents Faraday Future Intelligent Electric Inc. Unaudited Condensed Consolidated Balance Sheets (in thousands, except share and per share data) June 30, 2025 December 31, 2024 Assets Current assets Cash $ 13,228 $ 7,144 Restricted cash 33 30 Accounts receivable 645 — Inventory, net 23,103 27,486 Deposits 33,424 31,094 Other current assets 6,141 6,127 Total current assets 76,574 71,881 Property, plant and equipment, net 314,984 348,587 Operating lease right-of-use assets, net 6,749 1,761 Other non-current assets 1,416 3,171 Total assets $ 399,723 $ 425,400 Liabilities and stockholders' equity Current liabilities Accounts payable $ 67,368 $ 71,414 Accrued expenses and other current liabilities 54,588 45,677 Related party accrued expenses and other current liabilities 11,104 11,077 Warrant liabilities 51,033 28,864 Related party warrant liabilities 3,756 — Accrued interest — 25 Related party accrued interest 22,574 23,227 Other financing liabilities, current portion 850 761 Operating lease liabilities, current portion 2,755 2,128 Notes payable 4,188 4,224 Related party notes payable 4,342 5,310 Total current liabilities 222,558 192,707 Other financing liabilities, long term portion 44,447 38,698 Operating lease liabilities, long term portion 3,861 14 Notes payable, long term portion 23,845 45,264 Related party notes payable, long term portion 3,221 2,754 Derivative call options 36,367 29,709 Related party derivative call options 4,469 — Other liabilities 1,099 1,287 Total liabilities 339,867 310,433 Stockholders' equity Class A Common Stock, 0.0001 par value; 162,815,625 and 99,815,625 shares authorized; 122,722,249 and 65,919,127 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 12 6 Class B Common Stock, 0.0001 par value; 4,429,688 shares authorized; 6,667 shares issued and outstanding as of June 30, 2025 and December 31, 2024 — — Prefer

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View this 10-Q filing on SEC EDGAR