Faraday Future Q1 FY26 net loss widens to $42.32 million; revenue rises 62% to $512,000

• Faraday Future Intelligent Electric posted a net loss of $42.32 million, widening from $10.28 million a year earlier, as revenue rose 62% to $512,000.
• Operating loss narrowed to $35.91 million from $43.83 million, while cost of revenue fell 44.4% to $11.89 million on lower depreciation expense following a $128.9 million impairment recorded in third-quarter 2025.
• Revenue included $208,000 from initial FX Super One vehicle sales in the U.A.E. and $288,000 from first-quarter robotics product sales; FF vehicle revenue dropped to $16,000 from $316,000.
• Cash used in operating activities increased to $31.47 million from $20.3 million, with unrestricted cash at $12.2 million and negative working capital of $76 million.
• Management said substantial doubt exists about the company’s ability to continue as a going concern, citing recurring losses and dependence on timely financing as it advances FX Super One commercialization and expands robotics.

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