FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI) Form 10-Q — Aug 13, 2026

$FFAIForm 10-QFiled Aug 13, 2026, 4:18 PM ET0001628280-26-056740Original filing

Faraday Future's Q2 2026 10-Q carries explicit going-concern language, with substantial doubt about its ability to continue operations and a warning that failure to secure new capital could result in bankruptcy protection and asset liquidation. Unrestricted cash was just $11.2 million at June 30, 2026 against a $56.5 million first-half operating cash burn, and the working capital deficit excluding restricted cash was $96.3 million. The company effected a 1-for-150 reverse stock split on July 24, 2026 after its share price approached Nasdaq's $0.10 delisting threshold, and a new $300 million shelf registration became effective the same day.

Key figures

Eps: -$17.38 (Q2 2026 basic and diluted, split-adjusted); -$42.74 (H1 2026)
Revenue: $0.836 million (Q2 2026); $1.348 million (H1 2026)
Net Income: -$38.963 million (Q2 2026); -$81.280 million (H1 2026)
Total Debt: $116.237 million unpaid principal of notes payable ($99.928 million net carrying value)
Debt Amount: $70 million of new notes issued in Q2 2026 ($45 million Secured Streeterville Notes + $25 million May 2026 Convertible SPA Notes)
Revenue Yoy: Q2 +1,448% YoY ($54K to $836K); H1 +264% ($370K to $1.348M)
Total Assets: $279.802 million
Cash Position: $11.196 million unrestricted at June 30, 2026 ($53.885 million including restricted cash)
Shares Outstanding: 3,855,256 Class A and 45 Class B as of August 6, 2026
S3 shelf: $300.0 million replacement registration effective July 24, 2026
Atm program: $90.0 million capacity; ~$1.0 million sold post-quarter (163,174 shares)
Iprd impairment: $3.6 million
Restricted cash: $42.7 million total ($12.5M current + $30.2M non-current)
Spa commitments: $635.1 million total, $591.8 million funded, $43.3 million unfunded, $107.1 million principal outstanding
Robotics revenue: $853K Q2 2026; $1.141M H1 2026
Accumulated deficit: $4,779.9 million
Interest expense q2: $2.348 million
Reverse split ratio: 1-for-150 (effective July 24, 2026)
Digital asset loss h1: $2.930 million
Goodwill impairment h1: $2.1 million (AIXC reporting unit)
Working capital deficit: $83.8 million ($96.3 million excluding restricted cash)
Digital assets fair value: $5.213 million vs $10.433 million cost basis (46 BTC, 616 ETH, 6,659 SOL, 214,323 ADA and others)
Total stockholders equity: $1.412 million (deficit attributable to the Company of $27.29 million)
Nasdaq low price threshold: $0.10 closing bid for 10 consecutive days
Operating cash burn h1 2026: $56.5 million

Price after filing

1 day: -16.2%7 days: -30.8%30 days: -64.3%

Close on the filing date to close N calendar days later (from $4.68). Historical, not a forecast.

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