Financial Statements — FFAI
Balance Sheet
(in billions USD)| Metric | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.01 | 0.06 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 | 0.03 | 0.12 | 0.28 | 0.67 | 0.00 | 0.00 |
| Accounts Receivable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.00 | 0.00 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.01 | 0.00 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.04 | 0.09 | 0.08 | 0.08 | 0.08 | 0.07 | 0.08 | 0.13 | 0.11 | 0.10 | 0.10 | 0.18 | 0.34 | 0.75 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.15 | 0.16 | 0.31 | 0.33 | 0.36 | 0.38 | 0.40 | 0.42 | 0.43 | 0.45 | 0.41 | 0.39 | 0.34 | 0.26 | -- | -- |
| Goodwill | 0.02 | 0.03 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.21 | 0.23 | 0.32 | 0.33 | 0.37 | 0.39 | 0.42 | 0.45 | 0.46 | 0.47 | 0.44 | 0.41 | 0.36 | 0.27 | 0.23 | 0.23 |
| Total Assets | 0.25 | 0.32 | 0.40 | 0.41 | 0.45 | 0.46 | 0.50 | 0.58 | 0.57 | 0.58 | 0.54 | 0.59 | 0.71 | 1.02 | 0.23 | 0.23 |
| Accounts Payable | 0.05 | 0.06 | 0.07 | 0.07 | 0.08 | 0.09 | 0.10 | 0.10 | 0.09 | 0.08 | 0.07 | 0.06 | 0.05 | 0.04 | -- | -- |
| Total Current Liabilities | 0.12 | 0.21 | 0.22 | 0.19 | 0.25 | 0.27 | 0.26 | 0.19 | 0.19 | 0.19 | 0.18 | 0.26 | 0.24 | 0.24 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 0.11 | 0.14 | 0.12 | 0.08 | 0.04 | 0.04 | 0.04 | 0.13 | 0.10 | 0.13 | 0.08 | 0.03 | 0.03 | 0.14 | 0.01 | 0.00 |
| Total Liabilities | 0.23 | 0.36 | 0.34 | 0.27 | 0.29 | 0.31 | 0.30 | 0.32 | 0.29 | 0.32 | 0.25 | 0.29 | 0.27 | 0.38 | 0.01 | 0.00 |
| Retained Earnings | (4.74) | (4.67) | (4.45) | (4.32) | (4.19) | (4.12) | (4.01) | (3.87) | (3.80) | (3.67) | (3.34) | (3.22) | (3.08) | (2.82) | (0.02) | -0.00 |
| Total Stockholder Equity* | (0.01) | (0.08) | 0.06 | 0.14 | 0.16 | 0.15 | 0.20 | 0.26 | 0.28 | 0.26 | 0.29 | 0.30 | 0.40 | 0.65 | (0.01) | 0.01 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.51 | 0.13 | 0.04 | 0.05 | 0.32 | 0.24 | 0.01 | 0.29 | 0.00 | 0.23 | 0.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- |
| Cost of Revenue* | 11.89 | 15.75 | 34.26 | 26.91 | 21.38 | 20.92 | 21.45 | 20.97 | 20.69 | 19.86 | 16.13 | 6.61 | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | (11.38) | (15.62) | (34.22) | (26.86) | (21.06) | (20.68) | (21.44) | (20.68) | (20.68) | (19.63) | (15.58) | (6.61) | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 6.99 | (1.46) | 6.64 | 5.00 | 6.42 | 10.04 | 5.18 | 3.32 | 6.69 | 27.35 | 21.59 | 25.27 | 57.81 | 39.46 | 47.58 | 98.02 | 114.94 | 80.43 | 79.76 | -- |
| Selling, General & Admin | 9.20 | 8.27 | 19.69 | 14.10 | 13.67 | 3.84 | 8.28 | 17.20 | 13.85 | 15.29 | 24.02 | 17.06 | 26.51 | 23.09 | 28.55 | 33.25 | 27.88 | 33.76 | 36.73 | -- |
| Total Operating Expenses | 24.53 | 16.68 | 172.59 | 21.25 | 22.77 | 9.63 | 3.76 | 29.93 | 22.92 | 48.15 | 50.87 | 49.37 | 95.85 | 70.72 | 79.96 | 137.47 | 149.00 | 121.41 | 185.66 | -- |
| Operating Income | (35.90) | (32.30) | (206.81) | (48.11) | (43.83) | (30.31) | (25.21) | (50.61) | (43.61) | (67.78) | (66.45) | (55.98) | (95.85) | (70.72) | (79.96) | (137.47) | (149.00) | (167.17) | (185.66) | (0.44) |
| Pretax Income | (42.30) | (39.89) | (222.18) | (124.68) | (10.27) | (121.53) | (77.69) | (108.68) | (48.22) | (83.72) | (78.05) | (124.90) | (144.97) | (187.52) | (119.87) | (141.68) | (153.10) | (204.81) | (303.91) | (5.73) |
| Tax Provision | 0.02 | 0.05 | 0.01 | 0.00 | 0.01 | (0.27) | -0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.03 | 0.00 | 0.05 | 0.00 | 0.01 | 0.00 | 0.24 | 0.00 | -- |
| Net Income | (38.86) | (33.55) | (222.19) | (124.68) | (10.28) | (121.26) | (77.69) | (108.68) | (48.22) | (83.80) | (78.05) | (124.93) | (144.97) | (187.57) | (119.87) | (141.69) | (153.10) | (84.30) | (303.91) | (7.54) |
| Basic EPS | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.07) | -- | -- | -- | -- | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (31.47) | (28.40) | (35.56) | (23.31) | (20.30) | (18.39) | (22.70) | (14.37) | (14.72) | (37.81) | (79.66) | (57.73) | (102.98) | (27.95) | (120.00) | (112.74) | (122.36) | (101.89) | (236.51) | (0.40) |
| Capital Expenditures | 0.22 | 1.12 | 1.52 | 3.44 | 1.57 | 6.92 | 0.30 | 0.26 | 0.10 | 20.26 | (15.01) | 8.98 | 16.87 | 11.12 | 21.87 | 45.84 | 44.40 | 58.42 | 37.26 | -- |
| Free Cash Flow* | (31.69) | (29.52) | (37.08) | (26.75) | (21.86) | (25.31) | (23.01) | (14.63) | (14.82) | (58.07) | (64.66) | (66.71) | (119.85) | (39.07) | (141.87) | (158.58) | (166.76) | (160.30) | (273.78) | -- |
| Investing Cash Flow | 1.27 | (23.73) | 5.28 | (3.44) | (1.57) | (6.81) | (0.30) | (0.26) | (0.01) | (20.26) | 15.01 | (8.98) | (16.87) | (11.12) | (21.86) | (45.84) | (44.40) | (58.42) | (37.40) | 0.00 |
| Financing Cash Flow | 7.84 | 25.62 | 80.73 | 30.45 | 24.60 | 25.05 | 28.97 | 14.70 | 12.01 | 53.88 | 55.73 | 47.40 | 134.44 | 34.21 | 44.91 | (0.16) | (85.68) | (0.43) | 966.30 | 0.20 |
* Derived from reported values