Valuation for FFAI - findataslice

	FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014	Q4-CY2013
Balance Sheet Date		2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31	2023-Sep-30	2023-Jun-30	2023-Mar-31	2022-Dec-31	2022-Sep-30	2022-Jun-30	2022-Mar-31	2021-Dec-31	2021-Sep-30		2021-Mar-31
Fiscal Period		Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023	Q3-FY2023	Q2-FY2023	Q1-FY2023	Q4-FY2022	Q3-FY2022	Q2-FY2022	Q1-FY2022	Q4-FY2021	Q3-FY2021		Q1-FY2021
Close Price of Common Stock	1.05$	1.31$	1.69$	1.13$
Market Cap of Common Stock
QoQ%
YoY%
Common Shares Outstanding												902,872,627	627,346,804			322,211,392	168,693,323	320,433,395		7,413,475	7,227,474	6,963,811		5,950,000
QoQ%												43.92%				91.00%	(47.36%)			2.57%	3.79%
YoY%												180.21%	271.89%			4,246.29%	2,234.06%	4,501.41%		24.60%
Price to Sales
Price to Earnings
Price to Book
Total Revenue		37,000$	54,000$	316,000$	235,000$	9,000$	293,000$	2,000$	233,000$	551,000$
QoQ%		(31.48%)	(82.91%)	34.47%	2,511.11%	(96.93%)	14,550.00%	(99.14%)	(57.71%)
YoY%		311.11%	(81.57%)	15,700.00%	.86%	(98.37%)
TTM		642,000$	614,000$	853,000$	539,000$	537,000$	1,079,000$
TTM_QoQ%		4.56%	(28.02%)	58.26%	.37%	(50.23%)
TTM_YoY%		19.55%	(43.10%)
Gross Margin		(92,483.78%)	(49,737.04%)	(6,666.14%)	(8,801.70%)	(238,266.67%)	(7,057.00%)	(1,034,250.00%)	(8,424.89%)	(2,827.59%)
QoQ		(42,746.75%)	(43,070.90%)	2,135.56%	229,464.97%	(231,209.67%)	1,027,193.00%	(1,025,825.11%)	(5,597.31%)
YoY		145,782.88%	(42,680.04%)	1,027,583.86%	(376.81%)	(235,439.08%)
Operating Income		(206,807,000$)	(48,108,000$)	(43,831,000$)	(30,314,000$)	(25,207,000$)	(50,609,000$)	(43,608,000$)	(67,780,000$)	(66,447,000$)	(55,979,000$)	(95,848,000$)	(70,071,000$)	(79,956,000$)	(137,466,000$)	(149,001,000$)	(121,409,000$)	(185,656,000$)	(27,688,000$)	(19,396,000$)	(16,006,000$)	(17,547,000$)
QoQ%		(329.88%)	(9.76%)	(44.59%)	(20.26%)	50.19%	(16.05%)	35.66%	(2.01%)	(18.70%)	41.60%	(36.79%)	12.36%	41.84%	7.74%	(22.73%)	34.61%	(570.53%)	(42.75%)	(21.18%)	8.78%
YoY%		(720.44%)	4.94%	(.51%)	55.28%	62.07%	9.59%	54.50%	3.27%	16.90%	59.28%	35.67%	42.29%	56.93%	(396.48%)	(668.21%)	(658.52%)	(958.05%)
TTM		(329,060,000$)	(147,460,000$)	(149,961,000$)	(149,738,000$)	(187,204,000$)	(228,444,000$)	(233,814,000$)	(286,054,000$)	(288,345,000$)	(301,854,000$)	(383,341,000$)	(436,494,000$)	(487,832,000$)	(593,532,000$)	(483,754,000$)	(354,149,000$)	(248,746,000$)	(80,637,000$)
TTM_QoQ%		(123.15%)	1.67%	(.15%)	20.01%	18.05%	2.30%	18.26%	.80%	4.48%	21.26%	12.18%	10.52%	17.81%	(22.69%)	(36.60%)	(42.37%)	(208.48%)
TTM_YoY%		(75.78%)	35.45%	35.86%	47.65%	35.08%	24.32%	39.01%	34.47%	40.89%	49.14%	20.76%	(23.25%)	(96.12%)	(636.05%)
Operating Margin		(558,937.84%)	(89,088.89%)	(13,870.57%)	(12,899.57%)	(280,077.78%)	(17,272.70%)	(2,180,400.00%)	(29,090.13%)	(12,059.35%)
QoQ		(469,848.95%)	(75,218.32%)	(971.00%)	267,178.20%	(262,805.08%)	2,163,127.30%	(2,151,309.87%)	(17,030.78%)
YoY		(278,860.06%)	(71,816.19%)	2,166,529.43%	16,190.56%	(268,018.43%)
Net Income		(222,187,000$)	(124,676,000$)	(10,278,000$)	(121,259,000$)	(77,686,000$)	(108,685,000$)	(48,217,000$)	(83,797,000$)	(78,046,000$)	(124,928,000$)	(144,973,000$)	(204,070,000$)	(119,872,000$)	(141,694,000$)	(153,098,000$)	(84,299,000$)	(303,906,000$)	(52,775,000$)	(1,817,059$)	(57,949,000$)	(33,339,000$)
QoQ%		(78.21%)	(1,113.04%)	91.52%	(56.09%)	28.52%	(125.41%)	42.46%	(7.37%)	37.53%	13.83%	28.96%	(70.24%)	15.40%	7.45%	(81.61%)	72.26%	(475.85%)	(2,804.42%)	96.86%	(73.82%)
YoY%		(186.01%)	(14.71%)	78.68%	(44.71%)	.46%	13.00%	66.74%	58.94%	34.89%	11.83%	5.31%	(142.08%)	60.56%	(168.49%)	(8,325.59%)	(45.47%)	(811.56%)
TTM		(478,400,000$)	(333,899,000$)	(317,908,000$)	(355,847,000$)	(318,385,000$)	(318,745,000$)	(334,988,000$)	(431,744,000$)	(552,017,000$)	(593,843,000$)	(610,609,000$)	(618,734,000$)	(498,963,000$)	(682,997,000$)	(594,078,000$)	(442,797,059$)	(416,447,059$)	(145,880,059$)
TTM_QoQ%		(43.28%)	(5.03%)	10.66%	(11.77%)	.11%	4.85%	22.41%	21.79%	7.04%	2.75%	1.31%	(24.00%)	26.95%	(14.97%)	(34.17%)	(6.33%)	(185.47%)
TTM_YoY%		(50.26%)	(4.75%)	5.10%	17.58%	42.32%	46.33%	45.14%	30.22%	(10.63%)	13.05%	(2.78%)	(39.73%)	(19.81%)	(368.19%)
Profit Margin		(600,505.41%)	(230,881.48%)	(3,252.53%)	(51,599.57%)	(863,177.78%)	(37,093.86%)	(2,410,850.00%)	(35,964.38%)	(14,164.43%)
QoQ		(369,623.92%)	(227,628.95%)	48,347.04%	811,578.20%	(826,083.92%)	2,373,756.14%	(2,374,885.62%)	(21,799.95%)
YoY		262,672.37%	(193,787.62%)	2,407,597.47%	(15,635.20%)	(849,013.35%)
Equity to Common Shareholders		(77,744,000$)	59,856,000$	139,808,000$	114,967,000$	156,756,000$	148,682,000$	201,519,000$	228,236,000$	261,803,000$	277,700,000$	255,777,000$	200,992,000$	287,741,000$	268,502,000$	402,322,000$	567,655,000$	645,521,000$	(552,759,000$)	(644,334,000$)	(579,338,000$)	(522,603,000$)	(490,023,000$)	24,820$	(439,662,000$)
QoQ		(137,600,000$)	(79,952,000$)	24,841,000$	(41,789,000$)	8,074,000$	(52,837,000$)	(26,717,000$)	(33,567,000$)	(15,897,000$)	21,923,000$	54,785,000$	(86,749,000$)	19,239,000$	(133,820,000$)	(165,332,000$)	(77,866,000$)	1,198,280,000$	91,575,000$	(64,996,000$)	(56,735,000$)	(32,580,000$)	(490,047,820$)	439,686,820$
QoQ%		(229.89%)	(57.19%)	21.61%	(26.66%)	5.43%	(26.22%)	(11.71%)	(12.82%)	(5.73%)	8.57%	27.26%	(30.15%)	7.17%	(33.26%)	(29.13%)	(12.06%)	216.78%	14.21%	(11.22%)	(10.86%)	(6.65%)	(1,974,407.01%)	100.01%
YoY		(234,500,000$)	(88,826,000$)	(61,711,000$)	(113,269,000$)	(105,047,000$)	(129,018,000$)	(54,258,000$)	27,244,000$	(25,938,000$)	9,198,000$	(146,545,000$)	(366,662,000$)	(357,780,000$)	821,261,000$	1,046,656,000$	1,146,993,000$	1,168,124,000$	(62,736,000$)	(644,358,820$)	(139,676,000$)
YoY%		(149.60%)	(59.74%)	(30.62%)	(49.63%)	(40.12%)	(46.46%)	(21.21%)	13.56%	(9.01%)	3.43%	(36.43%)	(64.59%)	(55.43%)	148.58%	162.44%	197.98%	223.52%	(12.80%)	(2,596,127.40%)	(31.77%)
Dividends Paid
Additional Paid-In Capital QoQ		85,552,000$	45,615,000$	34,811,000$	75,939,000$	88,311,000$	55,188,000$	21,252,000$	51,883,000$	63,854,000$	140,671,000$	200,223,000$	103,961,000$	129,240,000$	3,626,000$	5,189,000$	6,912,000$			(1,808,358,301$)	1,812,657,716$
Treasury Stock
QoQ
Goodwill		27,783,000$
QoQ%
YoY%
Other Intangible Assets		3,290,000$			1,042,000$
QoQ
Amortization of Intangible Assets
Total Assets		315,584,000$	399,723,000$	410,584,000$	425,400,000$	449,086,000$	457,888,000$	499,941,000$	530,539,000$	579,527,000$	567,488,000$	575,936,000$	529,288,000$	540,684,000$	588,242,000$	706,064,000$	907,432,000$	1,023,460,000$		230,158,557$	316,382,000$	230,578,270$
QoQ		(84,139,000$)	(10,861,000$)	(14,816,000$)	(23,686,000$)	(8,802,000$)	(42,053,000$)	(30,598,000$)	(48,988,000$)	12,039,000$	(8,448,000$)	46,648,000$	(11,396,000$)	(47,558,000$)	(117,822,000$)	(201,368,000$)	(116,028,000$)			(86,223,443$)	85,803,730$
YoY		(133,502,000$)	(58,165,000$)	(89,357,000$)	(105,139,000$)	(130,441,000$)	(109,600,000$)	(75,995,000$)	1,251,000$	38,843,000$	(20,754,000$)	(130,128,000$)	(378,144,000$)	(482,776,000$)		475,905,443$	591,050,000$	792,881,730$
Total Liabilities		355,124,000$	339,867,000$	270,776,000$	310,433,000$	292,330,000$	309,206,000$	298,422,000$	302,303,000$	317,724,000$	289,788,000$	320,159,000$	328,296,000$	252,943,000$	286,840,000$	270,842,000$	339,778,000$	377,939,000$		4,085,243$	895,720,000$	51,267$
QoQ		15,257,000$	69,091,000$	(39,657,000$)	18,103,000$	(16,876,000$)	10,784,000$	(3,881,000$)	(15,421,000$)	27,936,000$	(30,371,000$)	(8,137,000$)	75,353,000$	(33,897,000$)	15,998,000$	(68,936,000$)	(38,161,000$)			(891,634,757$)	895,668,733$
YoY		62,794,000$	30,661,000$	(27,646,000$)	8,130,000$	(25,394,000$)	19,418,000$	(21,737,000$)	(25,993,000$)	64,781,000$	2,948,000$	49,317,000$	(11,482,000$)	(124,996,000$)		266,756,757$	(555,942,000$)	377,887,733$
Current Ratio		.43x	.34x	.41x	.37x	.32x	.26x	.32x	.35x	.67x	.56x	.53x	.32x	.58x	.68x	1.41x	2.07x	3.17x		.15x	.02x
Total Current Assets		90,028,000$	76,574,000$	76,471,000$	71,881,000$	79,685,000$	70,071,000$	82,736,000$	91,364,000$	127,301,000$	105,597,000$	103,396,000$	84,526,000$	102,217,000$	175,111,000$	341,633,000$	607,257,000$	754,611,000$		378,028$	14,439,000$	762,459$
QoQ		13,454,000$	103,000$	4,590,000$	(7,804,000$)	9,614,000$	(12,665,000$)	(8,628,000$)	(35,937,000$)	21,704,000$	2,201,000$	18,870,000$	(17,691,000$)	(72,894,000$)	(166,522,000$)	(265,624,000$)	(147,354,000$)			(14,060,972$)	13,676,541$
Total Current Liabilities		211,213,000$	222,558,000$	188,778,000$	192,707,000$	247,882,000$	268,161,000$	256,990,000$	261,176,000$	191,153,000$	187,619,000$	194,129,000$	268,245,000$	176,905,000$	257,719,000$	242,782,000$	293,806,000$	238,204,000$		2,491,846$	849,051,000$
QoQ		(11,345,000$)	33,780,000$	(3,929,000$)	(55,175,000$)	(20,279,000$)	11,171,000$	(4,186,000$)	70,023,000$	3,534,000$	(6,510,000$)	(74,116,000$)	91,340,000$	(80,814,000$)	14,937,000$	(51,024,000$)	55,602,000$			(846,559,154$)
Debt to Asset Ratio		1.13x	.85x	.66x	.73x	.65x	.68x	.60x	.57x	.55x	.51x	.56x	.62x	.47x	.49x	.38x	.37x	.37x		.02x	2.83x	-
Long Term Debt
QoQ
YoY
Capital Lease Obligations					2,142,000$	14,405,000$	15,699,000$		17,927,000$			20,007,000$	20,582,000$	21,127,000$	20,232,000$	18,998,000$
Cash and Cash Equivalents		62,909,000$	13,228,000$	9,458,000$	7,144,000$	7,269,000$	793,000$	407,000$	1,898,000$	6,714,000$	17,893,000$	31,769,000$	16,968,000$	31,766,000$	120,585,000$	276,374,000$	505,091,000$	666,061,000$	52,527,000$	47,525,000$	1,124,000$	5,664,000$		120,000$	2,221,000$
QoQ		49,681,000$	3,770,000$	2,314,000$	(125,000$)	6,476,000$	386,000$	(1,491,000$)	(4,816,000$)	(11,179,000$)	(13,876,000$)	14,801,000$	(14,798,000$)	(88,819,000$)	(155,789,000$)	(228,717,000$)	(160,970,000$)	613,534,000$	5,002,000$	46,401,000$	(4,540,000$)			(2,101,000$)
YoY		55,640,000$	12,435,000$	9,051,000$	5,246,000$	555,000$	(17,100,000$)	(31,362,000$)	(15,070,000$)	(25,052,000$)	(102,692,000$)	(244,605,000$)	(488,123,000$)	(634,295,000$)	68,058,000$	228,849,000$	503,967,000$	660,397,000$		47,405,000$	(1,097,000$)
Interest Expenses		2,100,000$	2,000,000$	1,900,000$	(2,100,000$)	1,700,000$	1,700,000$	1,700,000$
Interest Income																						41,254$