☢️☢️Faraday Future’s Q3 2025 Financials Are Worse Than Anyone Expected!☢️☢️

1. The REAL quarterly loss wasn’t $206M .. it was $222.2 MILLION.: That’s over $2.4 million burned every single day, 7 days a week.
2. They burned their entire market cap in 90 days.
3. The company now has negative equity negative $43.4M.: They owe more than they own. This is insolvency, not “struggling.”
4. Asset impairment: $138.5M.: They wrote down nearly half their factory, tooling, and equipment. Translation: “We overvalued our assets... badly.”
5. Revenue for the quarter: $37,000.: Cost of revenue: $34,256,000. For every $1 of revenue, they lost $925. That’s not a business. It’s a cash-shredder.
6. Cash on hand: $62.9M: Operating cash burn (nine months): $79.2M. That’s less than one quarter of runway left.
7. Total liabilities: $357.6M > Total assets: $314.1M: They owe $43M more than everything they own combined.
8. Lifetime accumulated deficit: negative $4.67 BILLION: Five billion dollars incinerated with essentially zero scaling of production.
9. The $136M “financing inflow” is NOT revenue.: It’s dilution: convertibles, warrants, toxic equity lines, and vendor swaps. They’re surviving by selling pieces of the company.
10. PP&E collapse: $348.6M → $164.6M in one year.: That’s a negative $184M drop in factory value. This is the accounting version of “We aren’t actually producing vehicles.”

Bottom line:

Faraday didn’t have a “bad quarter.” They posted a set of financials that look like pre-bankruptcy conditions, held together only by ongoing dilution.