Faraday Future (NASDAQ: FFAI) is a publicly traded Next-Gen EV & Vehicles company founded in 2014 and based in El Segundo, United States.
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
Faraday Future reported Q2 2026 revenue of $836,000, surging 1,400% year-over-year from $54,000 in Q2 2025, with cumulative H1 2026 revenue reaching $1.35 million. Cost of revenue fell 57% YoY to $11.54 million. Net loss narrowed 69% YoY to $38.96 million (attributable loss: $36.03 million). The company shipped 220 robotics units in Q2, with June alone reaching 105 units, targeting 2,000+ units by year-end. FF upgraded its robotics strategy to a Four-Core Full-Stack AI Ecosystem integrating the EAI Brain, Devices, Data Factory, and Developer Platform. Total liabilities decreased over $100 million YoY to approximately $278 million; stockholders' equity stood at $1.41 million. The company regained Nasdaq compliance post-reverse split and is advancing its Capital Value Restoration Plan, targeting sub-$100 million liabilities within three to four quarters. FF expects to deepen NVIDIA technology integration, expand the developer platform to 100 skills and 200 members by year-end, and scale Industry Productivity Solutions across multiple U.S. regions.
Targeting cumulative shipments of more than 2,000 EAI robot units by year-end; reducing total company liabilities to under $100 million within the next three to four quarters; expanding developer community to 200 members and portfolio to 100 skills by end of 2026; EAI Data Factory to reach 50,000 hours of data collection for full year.
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The FF 91 is Faraday Future's flagship, an ultra-luxury, high-performance electric crossover positioned at the very top of the market with extreme power, a tech-laden cabin, and a price well into six figures. Deliveries began in 2023, but only a very small number of vehicles have reached customers, making the FF 91 more a showcase of the company's capability than a volume product. It established Faraday Future's brand and engineering ambitions while also illustrating the gulf between its concept and its ability to manufacture and sell at scale.
The FX program is Faraday Future's pivot toward more accessible, higher-volume vehicles in a middle-to-lower price range, intended to apply technology developed for the FF 91 to mass-market models. The first FX vehicle is the FX Super One, an MPV that began a trial production phase at the company's Hanford, California factory in 2025 for engineering and safety testing. The strategy aims to give Faraday Future a realistic path to meaningful sales volume and revenue, in contrast to the tiny deliveries of the ultra-luxury FF 91.