# EDGAR Filing Document

**Accession Number:** 0001805521
**File Stem:** 0001213900-26-037931
**Filing Date:** 2026-4
**Character Count:** 61849
**Document Hash:** 99eda3d1f7dc42ed2fbe7a756c780d65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-037931.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001213900-26-037931

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 34

**CONFORMED PERIOD OF REPORT**: 20260331

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- **CENTRAL INDEX KEY:** 0001805521
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 844720320
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39395
- **FILM NUMBER:** 26824558

**BUSINESS ADDRESS:**
- **STREET 1:** 654 MADISON AVENUE, SUITE 1009
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
- **BUSINESS PHONE:** 646 502 9845

**MAIL ADDRESS:**
- **STREET 1:** 654 MADISON AVENUE, SUITE 1009
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Property Solutions Acquisition Corp.
- **DATE OF NAME CHANGE:** 20200304

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): March 31, 2026

**Faraday Future Intelligent Electric Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39395** | **84-4720320** |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
| of incorporation) |  | Identification No.) |

---

---

| | |
|:---|:---|
| **1990 E. Grand Avenue**<br>**El Segundo, CA** | **90245** |
| (Address of principal executive offices) | (Zip Code) |

---

**(424) 276-7616**

(Registrant's telephone number, including area code)

**18455 S. Figueroa Street**

**Gardena, CA 90248**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Class A common stock, par value $0.0001 per share | FFAI | The Nasdaq Stock Market LLC |
| Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $110,400.00 per share | FFAIW | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02** **Results of Operations and Financial Condition.** 

On March 31, 2026, Faraday Future Intelligent Electric Inc. (the "Company") issued a press release in which the Company provided certain fourth quarter and full year 2025 financial results, as well as its 2026 outlook. The full text of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

**Item 8.01 Other Events.**

In connection with the conference be held by the Company on March 31, 2026, to discuss certain fourth quarter and full year 2025 financial results, as well as its 2026 outlook, the Company referenced the presentation furnished as Exhibit 99.2 to this Current Report on Form 8-K and incorporated herein by reference.

The information contained in Items 2.02 and 8.01 in this Current Report on Form 8-K and the information in Exhibits 99.1 and 99.2 hereto is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 9.01** **Financial Statements and Exhibits.** 

**(d) Exhibits.** The following exhibits are filed with this Current Report on Form 8-K:

---

| | |
|:---|:---|
| **No.** | **Description of Exhibits** |
| 99.1 | [Press Release of Faraday Future Intelligent Electric Inc. issued on March 31, 2026](ea028426201ex99-1.htm) |
| 99.2 | [Investor Presentation (Fourth Quarter and Full Year 2025 Earnings Release) dated March 31, 2026](ea028426201ex99-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **FARADAY FUTURE INTELLIGENT ELECTRIC INC.** | **FARADAY FUTURE INTELLIGENT ELECTRIC INC.** |
| Date: April 1, 2026 | By: | /s/ Koti Meka |
|  | Name: | Koti Meka |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**FF Announces Fourth Quarter and Full Year 2025 Financial Results: Stockholders' Equity Turns Positive; First Month of EAI Robotics Delivery Beats Target with Positive Product Gross Margin**

● Balance sheet strengthens with return to positive stockholders' equity following ~$100 million debt optimization.

● EAI robotics exceeds target of shipping 20 units in its first delivery month and achieves positive product gross margins in Q1 2026, establishing a scalable growth and cash flow engine, targeting cumulative shipments of more than 1,000 units by the end of December 2026. The Company expects to generate software-related revenue beyond device sales within 2026.

● EAI EV Strategy advances into validation and pre-production with a disciplined, cash-aligned ramp.

● FF is the first U.S. company to deliver both humanoid and bionic robots that utilize a self-reinforcing "Device-Data-Brain" cycle, which improves the product capability and data generation leading to further AI brain advancements.

● Conclusion of U.S. SEC investigation removes regulatory overhang and supports capital markets re-engagement.

● Upgraded corporate strategy of EAI EV + EAI Robotics positions the company for integrated, multi-platform growth, with establishment of a "Three-in-One" EAI Robotics Eco-Strategy.

**Los Angeles, CA (March 31, 2026)** -- Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) ("FF", "Faraday Future", or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, today announced financial results for its fourth quarter and full year ended December 31, 2025, and provided key operational and strategic updates.

During the fourth quarter, FF achieved a major production milestone with the official roll-off of the first FX Super One pre-production vehicle at its Hanford, California AI-Factory. The Company also formally launched its FF EAI Ecosystem Strategy, a three-in-one framework comprising EAI hardware, the EAI Brain and Open-Source Platform, and the EAI Centralized & Decentralized Data Factory, designed to establish an open and closed-loop EAI ecosystem. Initial deliveries are already underway, further strengthening the Company's intelligent ecosystem platform.

**FOURTH QUARTER 2025 HIGHLIGHTS & SUBSEQUENT UPDATES**

**Transition from EAI strategy to execution:** 

During the fourth quarter of 2025 and into early 2026, the Company achieved several key milestones across its EV business, advancing both product development and commercial execution.

● Operationally, the Company reached an important
manufacturing milestone on December 21, 2025, with the roll-off of the first FX Super One pre-production vehicle at its Hanford, California
facility. This marked the transition into engineering validation, homologation and production system refinement.

● The Company also continued to advance U.S. production
readiness, including ongoing progress on localized certification work related to FMVSS requirements.

● In addition, supply chain development progressed
through procurement agreements for FX Super One components. The Company also upgraded cooperation with its Bridge Strategic Partner through
strategic agreements covering targeted mass-production component procurement and engineering services for collaborative models, supporting
the next phase of preparation toward full-scale production of the Super One. The Company also continued to expand and refine its broader
EV product portfolio. FF 91 remains the Company's ultra-luxury flagship model. In December, the Company officially released the
rear design sketches for the second potential FX brand model, the FX 4, which is positioned as the "RAV 4 Disruptor in the AIEV
Era".

● In the U.S. market, 800V high-voltage drive systems
are becoming a core label defining the product strength and technological leadership of high-end electric vehicles. Our product-related
research and development is already underway.

● Commercially, the Company continued to expand
its Co-Creation Ecosystem B2B2C model, with cumulative non-binding, non-refundable pre-orders for the FX Super One for over 11,000 units
across multiple U.S. states and industries by the end of 2025.

● The Company also continued building its Four-Pillar
Sales Architecture, including community sales, partner sales, B2B sales and third-party e-commerce, forming a diversified user-reach network.
In early 2026, the Company further strengthened its regional operational capabilities by expanding its dealership network, broadening
its sales system to support both EAI EVs and EAI robots, and exploring diversified sales models such as customized leasing programs. Following
its presence at the NADA Dealer Summit, the Company signed memorandums of understanding for sales cooperation covering both the Super
One and EAI robots with several major U.S. mainstream dealerships.

● Following the October 28 launch of the FX Super
One, football legend Andrés Iniesta joined in November as the world's first owner and Co-creation Officer, boosting regional
presence. Deliveries are prioritized for key co-creation partners, including local government entities, with operations taking shape in
Ras Al Khaimah.

● To support these global efforts, Faraday Finance
Inc. was established in October to provide diversified financing solutions. An application has been filed for the relevant auto finance
license with the California Department of Financial Protection and Innovation.

![](ea028426201_ex99-1img1.jpg)

The announcement of the EAI Ecosystem strategy marked another key milestone in the Company's AI-driven mobility roadmap, expanding its vision into a broader intelligent ecosystem platform.

● Faraday Future formally launched three series
of Embodied AI ("EAI") robotics products, Futurist, Master and Aegis, on February 4, 2026. These products are initially focused
on three primary use cases, education, home security and entertainment/performance, with these real-world applications intended to support
product deployment, market awareness, and commercial conversion.

● As of the launch event, total non-binding, non-refundable
paid pre-orders had exceeded 1,200 units. Deliveries commenced in late February, making Faraday Future the earliest U.S. Company to start
scaled delivery for both humanoid and bionic EAI robotic devices.

● By the end of March 2026, cumulative shipments
of FF EAI Robotics, reached 22 units, exceeding the preset target, accompanied by the start of robot sales revenue and positive product
gross margin in the first quarter. This expansion introduces an asset-light, high-margin revenue stream designed to support near-term
cash flow while reinforcing the Company's longer-term ecosystem strategy.

**FF makes upgrades to the FFAI technology stack:**

● The system now natively supports over 50 languages
and includes real-time web searches with voice synthesis and RAG knowledge base support.

● Technical improvements also include an AEC upgrade
to support seamless conversation interruption and the successful migration of an end-to-end autonomous driving model.

● We have developed vision-based 3D object detection
and a scalable automated labeling algorithm, alongside the implementation of gesture-controlled door entry using the DinoV3 vision model.

● Furthermore, FF has submitted a patent for a
blockchain and Web3-based vehicle sharing system that allows for one-click sharing, automated credit verification, and revenue distribution.

These are not isolated features — they form the foundation of a scalable, cross-terminal intelligence system.

**Strengthening AI System, Governance, and Leadership:** 

Governance, compliance, and organizational capabilities were further strengthened during the quarter as the Company continued to enhance its leadership team, internal controls, and operational foundation in support of commercialization.

● In the fourth quarter, the overall PPTIA (Policy,
Process, Tools, IT, AI) governance methodology was introduced and implemented across the Company.

● In addition, FF and FX executives held a series
of constructive meetings in Washington, D.C. with several U.S. Members of Congress and government officials regarding manufacturing, policy,
and industry priorities.

![](ea028426201_ex99-1img1.jpg)

● In March 2026, the SEC investigation concluded
with no enforcement or other action taken against the Company or related parties, removing a regulatory overhang, supporting the Company's
continued re-engagement with capital markets, and further reinforcing its legal and compliance framework.

● During the same month, the Company's headquarters
relocation to Silicon Beach in El Segundo, CA. enhanced its ability to attract senior talent and support its next phase of growth.

Separately, the Company continued to advance its broader ecosystem strategy through its investment in Qualigen Therapeutics, which was later renamed AIxCrypto Holdings Inc. (NASDAQ: AIXC), and through a February 2026 share purchase agreement with a third party designated by AIXC that secured $10 million in pure equity financing. According to AIXC's plan, the FF common stock to be acquired is expected to support the launch of a real-world asset (RWA) business, while FF intends to explore stock tokenization cooperation with AIXC as part of its efforts to expand brand exposure and develop additional financing channels. Although the third party provided the Company with the full funding needed to close the transaction, it has not yet been consummated. The Company currently has an insufficient number of authorized but unissued and unreserved shares to close under the terms of the purchase agreement.

**RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2025**

● **Revenue:** For the full year 2025, revenue
was essentially flat year-over-year. This reflects early-stage commercialization, with stable market engagement as FF continues to refine
the plan.

● **Loss from Operations:** Loss from Operations
was $32.3 million for the three months ending December 31, 2025, and $331 million for the full year 2025 primarily reflecting asset impairments,
cost of revenue and G&A.

Excluding one-time impairments or losses, the operating loss was $185 million, reflecting the Company's cost-optimization efforts.

The one-time asset impairment in 2025 resulted from the strategic shift from the FF 91 program to the planned FF 92 upgrade, along with reorganization and retooling for the FX Super One commercial production. The impaired assets are expected to be redeployed with limited additional investment in retrofitting and upgrades.

● **Operating Cash Outflow:** Operating Cash
Outflow was $107.5 million for the full year 2025, primarily driven by changes in working capital and the operational ramp-up of the FX
platform.

● **Financing Cash Inflow:** Financing Cash
Inflow was $161.4 million for the full year 2025, an 100% increase from $80.7 million in 2024.

● **Stockholders' Equity:** Stockholders'
equity was $7.7 million at the end of 2025, primarily impacted by manufacturing optimization expenses, fair value adjustments related
to our convertible notes and impairment provisions for certain assets. The capital structure includes equity-linked instruments, and as
a result, reported figures may experience meaningful non-cash volatility period to period.

![](ea028426201_ex99-1img1.jpg)

**CAPITAL FINANCING**

● In 2025, the Company generated $161.4 million
in net financing inflow, demonstrating continued access to capital amid a challenging EV financing environment. Going forward, it remains
focused on securing additional external financing—including strategic investors in 2026—to support its EAI Automotive and
Robotics businesses.

● During Q4, the Company engaged with capital markets
through conferences and roadshows to boost visibility and pursue investment bank analyst coverage. It also simplified its capital structure
by entering agreements to cancel approximately 44.6 million outstanding warrants, reducing potential future dilution.

● On March 20, 2026, the Company received a Nasdaq
deficiency notice for failing to maintain a minimum bid price of at least $1.00 per share for the 30 consecutive trading days and granting
the Company 180 days to regain compliance. The Company will take all necessary actions within the prescribed period to regain compliance.

● In March 2026, the Company initiated action regarding
potential illegal short selling and market manipulation, while continuing evidence collection. Separately, it launched a collective stock
purchase plan for executives and employees to acquire approximately $500,000 of FFAI common stock around May 2026, subject to regulatory
requirements, reflecting confidence in the Company's strategy and outlook.

**2026 OUTLOOK**

● Looking ahead to 2026, FF is focused on deepening
strategic execution, aimed at driving continuous growth of business and deliveries. The EAI Robotics division is targeting cumulative
shipments of more than 1,000 units by the end of December 2026 and ensuring positive product gross margin.

● At the same time, FF remains focused on the phased
delivery of the FX Super One. The priority remains the enhancement of overall product competitiveness with stable cash flow as a prerequisite.

● To further support future growth,
FF is advancing the build-out of its EAI Brain and open-source developer platform through joint development initiatives with research
labs at leading U.S. universities, while also planning to establish a centralized data training center at its headquarters by the third
quarter of 2026. The Company expects to generate software-related revenue beyond device sales within 2026.

● Through ongoing delivery, ramp-up, and use case
expansion, FF will keep amplifying the flywheel advantage of FF as the first U.S. company to deliver both humanoid and bionic robots.
Our ambition is to replicate in EAI robotics what Tesla built across EVs, data, and FSD. We want to build a self-reinforcing "Device-Data-Brain"
cycle, where scaled deployment drives data collection and model training, which feeds the AI brain, which improves product capability,
which accelerates sales and deployment, which generates more data, which advances an even smarter AI brain. Through this "Device-Data-Brain"
flywheel, we aim to rapidly convert our first-delivery first-mover advantage into a sustainably leading position.

![](ea028426201_ex99-1img1.jpg)

● Considering EAI Robotics to require considerably
less investment than EAI EVs, the Company is building a differentiated growth model intended to support near-term cash flow generation
with limited additional investment and long-term ecosystem expansion. On the capital and regulatory front, FF's objectives for 2026
are focused on restoring market confidence and ensuring long-term stability. This includes working toward regaining compliance with Nasdaq's
minimum bid price requirement within the applicable 180-day compliance period and actively pursuing strategic investments from top-tier
global investment institutions, improving financing costs and dilution.

● In addition, the Company plans to continue strengthening
operational fundamentals, enhancing transparency, and actively addressing alleged illegal short-selling activity to protect the stockholders.

"We achieved important milestones across our EV and robotics businesses that further strengthened our foundation for growth, including progress toward FX Super One production, expanded commercial engagement, and the launch of our EAI Robotics products," said Matthias Aydt, Global Co-CEO of Faraday Future. "We are entering 2026 with clear execution priorities and strong conviction in our dual-track strategy, as we work to scale deliveries, broaden commercialization, and position the Company for long-term value creation."

**EARNINGS WEBCAST**

Faraday Future management will host a webcast today, March 31, 2026, at 7:30 p.m. Eastern time (4:30 p.m. Pacific time). Interested investors and other parties can listen to a webcast of the conference call by logging onto the Investor Relations section of the Company's website at https://investors.ff.com/. A replay of the webcast will be available on the Company's website shortly thereafter. More detail on FF's 2025 Q4 and full year, when filed, can be found in our SEC filings and online at https://investors.ff.com/financial-information/sec-filings.

**ABOUT FARADAY FUTURE**

Faraday Future is a California-based global Embodied AI (EAI) ecosystem Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand's pursuit of ultra-luxury, cutting-edge technology, and high performance. FF's second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business with sales beginning this year, connecting its future strategy of bringing a new era of EAI vehicles and EAI robotics. For more information, please visit https://www.ff.com/

![](ea028426201_ex99-1img1.jpg)

**FORWARD LOOKING STATEMENTS**

This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "plan to," "can," "will," "should," "future," "potential," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding FF's entry into the embodied AI robotics market, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, that may affect actual results or outcomes include, among others: the Company's ability to maintain its listing on Nasdaq; the Company's ability to timely regain compliance with Nasdaq's minimum bid requirement; the Company's common stock will be suspended from trading on Nasdaq if it's closing price is $0.10 or less for 10 consecutive trading days; the availability of sufficient share capital to execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company's share capital, which could result in substantial additional dilution; the Company's ability to homologate FX vehicles for sale; the Company's ability to secure the necessary funding to execute on the FX strategy, which will be substantial; demand for our robotics products; the Company's ability to secure contracts with the appropriate suppliers to execute on the FX strategy; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; our reliance on a single OEM for robotics products; our ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly China; the ability of the U.S. Department of Commerce to review, condition, or prohibit robotics-related transactions with a China OEM; demand from automobile dealers for robotics products; the Company's ability to secure an occupancy certificate for its Hanford facility; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on March 31, 2025, and Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively, and other documents filed by the Company from time to time with the SEC.

**CONTACTS**

Investors (English): ir@ff.com

Investors (Chinese): cn-ir@faradayfuture.com

Media: john.schilling@ff.com

![](ea028426201_ex99-1img1.jpg)

**PART I - FINANCIAL INFORMATION**

**Appendix Financial Statements**

**Faraday Future Intelligent Electric Inc.**

**Consolidated Balance Sheets**

***(in thousands, except share and per share data)***

---

| | | |
|:---|:---|:---|
|  | **December 31, <br> 2025** | **December 31, <br> 2024** |
| **Assets** | | |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $34927 | $7144 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 27 | 30 |
| &nbsp;&nbsp;&nbsp;Digital assets | 10250 |  |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 257 |  |
| &nbsp;&nbsp;&nbsp;Notes receivable, net of allowance for credit losses of $4,555 at December 31, 2025 | 343 |  |
| &nbsp;&nbsp;&nbsp;Inventory, net (see Note 4) | 3258 | 27486 |
| &nbsp;&nbsp;&nbsp;Deposits (see Note 5) | 10499 | 31094 |
| &nbsp;&nbsp;&nbsp;Other current assets (see Note 5) | 8963 | 6127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 68524 | 71881 |
| &nbsp;&nbsp;&nbsp;Property, plant and equipment, net | 155303 | 348587 |
| &nbsp;&nbsp;&nbsp;Operating lease right-of-use assets, net | 4950 | 1761 |
| &nbsp;&nbsp;&nbsp;Intangible assets, net | 4639 | 1042 |
| &nbsp;&nbsp;&nbsp;Goodwill | 25764 |  |
| &nbsp;&nbsp;&nbsp;Other non-current assets (see Notes 4 and 5) | 18682 | 2129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $277862 | $425400 |
| **Liabilities and stockholders' equity** |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $57277 | $71414 |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 45499 | 45677 |
| &nbsp;&nbsp;&nbsp;Related party accrued expenses and other current liabilities | 13179 | 11077 |
| &nbsp;&nbsp;&nbsp;Warrant liabilities | 1950 | 28864 |
| &nbsp;&nbsp;&nbsp;Accrued interest |  | 25 |
| &nbsp;&nbsp;&nbsp;Related party accrued interest | 19933 | 23227 |
| &nbsp;&nbsp;&nbsp;Other financing liabilities, current portion | 951 | 761 |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities, current portion | 1443 | 2128 |
| &nbsp;&nbsp;&nbsp;Notes payable, current portion | 4432 | 4224 |
| &nbsp;&nbsp;&nbsp;Related party notes payable | 3507 | 5310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current liabilities** | 148171 | 192707 |
| &nbsp;&nbsp;&nbsp;Other financing liabilities, long term portion | 46867 | 38698 |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities, long term portion | 3471 | 14 |
| &nbsp;&nbsp;&nbsp;Notes payable, long term portion | 56234 | 45264 |
| &nbsp;&nbsp;&nbsp;Related party notes payable, long term portion | 772 | 2754 |
| &nbsp;&nbsp;&nbsp;Derivative call options | 10042 | 29709 |
| &nbsp;&nbsp;&nbsp;Related party derivative call options | 2504 |  |
| &nbsp;&nbsp;&nbsp;Other liabilities | 2042 | 1287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | 270103 | 310433 |
| &nbsp;&nbsp;&nbsp;Commitments and Contingencies (Note 12) |  |  |
| Stockholders equity (deficit) |  |  |
| &nbsp;&nbsp;&nbsp;Class A Common Stock, 0.0001 par value; 228,041,297 and 99,815,625 shares authorized; 199,130,727 and 65,919,127 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 21 | 6 |
| &nbsp;&nbsp;&nbsp;Class B Common Stock, 0.0001 par value; 4,429,688 shares authorized; 6,667 shares issued and outstanding as of December 31, 2025 and December 31, 2024 |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Stock, 0.0001 par value; 5,931,000 and 10,000,000 shares authorized as of December 31, 2025 and December 31, 2024 respectively; one and zero shares issued and outstanding as of December 31, 2025 and December 31, 2024 respectively |  |  |
| &nbsp;&nbsp;&nbsp;Series B Preferred Stock, $0.0001 par value; 12,000,000 and zero shares authorized as of December 31, 2025 and December 31, 2024 respectively; 7,184,760 and zero shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively |  |  |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 4673866 | 4421563 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive income | 3817 | 7744 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (4705042) | (4314346) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total stockholders' equity (deficit) attributable to the Company** | (27338) | 114967 |
| &nbsp;&nbsp;&nbsp;**Noncontrolling interest** | 35097 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total stockholders' equity (deficit)** | 7759 | 114967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' equity (deficit)** | $277862 | $425400 |

---

**Faraday Future Intelligent Electric Inc.**

**Consolidated Statements of Operations and Comprehensive Loss** 

***(in thousands, except share and per share data)***

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Revenue | $536 | $539 |
| Cost of revenue | 98302 | 84029 |
| **Gross profit** | (97766) | (83490) |
| **Operating expenses** |  |  |
| &nbsp;&nbsp;&nbsp;Research and development | 16603 | 25227 |
| &nbsp;&nbsp;&nbsp;Settlement on accrued research and development expenses |  | (14935) |
| &nbsp;&nbsp;&nbsp;Sales and marketing | 12310 | 9278 |
| &nbsp;&nbsp;&nbsp;General and administrative | 55733 | 43164 |
| &nbsp;&nbsp;&nbsp;Loss on disposal of property, plant, and equipment | 2459 | 1667 |
| &nbsp;&nbsp;&nbsp;Impairment of long-lived assets and deposits | 137435 | 1847 |
| &nbsp;&nbsp;&nbsp;Impairment of goodwill | 4450 |  |
| &nbsp;&nbsp;&nbsp;Credit loss expense - short-term note receivable | 4294 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 233284 | 66248 |
| **Loss from operations** | (331050) | (149738) |
| &nbsp;&nbsp;&nbsp;Change in fair value of notes payable, warrant liabilities, and derivative call options | 49093 | (12556) |
| &nbsp;&nbsp;&nbsp;Change in fair value of related party notes payable, warrant liabilities, and derivative call options | (1627) | 253 |
| &nbsp;&nbsp;&nbsp;Loss on settlement of notes payable | (100524) | (161725) |
| &nbsp;&nbsp;&nbsp;Loss on settlement of related party notes payable | (5128) | (14295) |
| &nbsp;&nbsp;&nbsp;Interest expense | (8649) | (7895) |
| &nbsp;&nbsp;&nbsp;Related party interest expense |  | (8710) |
| &nbsp;&nbsp;&nbsp;Net loss on digital assets | (4117) |  |
| &nbsp;&nbsp;&nbsp;Other (loss) income, net | 4983 | (1448) |
| **Loss before income taxes** | (397019) | (356114) |
| &nbsp;&nbsp;&nbsp;Income tax (expense) benefit | (63) | 267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net loss** | $(397082) | $(355847) |
| &nbsp;&nbsp;&nbsp;Less: Net Loss attributable to noncontrolling interest | 6386 |  |
| **Net Loss attributable to Faraday Future Intelligent Electric Inc.** | $(390696) | $(355847) |
| **Per share information (See Note 17):** |  |  |
| Net loss per share of Class A and B Common Stock attributable to common stockholders: |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $(3.14) | $(19.61) |
| &nbsp;&nbsp;&nbsp;Diluted | $(3.14) | $(19.61) |
| Weighted average common shares used in computing net loss per share of Class A and Class B Common Stock: |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 124299591 | 18529525 |
| &nbsp;&nbsp;&nbsp;Diluted | 124299591 | 18529525 |
| **Total comprehensive loss** |  |  |
| Net loss | $(397082) | $(355847) |
| Foreign currency translation adjustment | (3927) | 1882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total comprehensive loss | $(401009) | $(353965) |

---

**Faraday Future Intelligent Electric Inc.**

**Consolidated Statements of Cash Flows**

**Faraday Future Intelligent Electric Inc.**

**Consolidated Statements of Cash Flows**

***(in thousands)***

 ****

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| **Cash flows from operating activities** |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(397082) | $(355847) |
| &nbsp;&nbsp;&nbsp;*Adjustments to reconcile net loss to net cash used in operating activities:* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization expense | 64807 | 71442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of operating lease right-of-use assets | 3032 | 2588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash interest expense | 4870 | 1929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on digital assets, net | 4117 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on disposal of property and equipment, net | 2459 | 1667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairment | 137435 | 1847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill impairment | 4450 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 3150 | 8382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reserve on inventory | 17829 | 476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit loss expense | 4294 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest on short-term note receivable | (189) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on settlement of notes payable | 100524 | 161725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on settlement of related party notes payable | 5128 | 14295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.S.L. SRL. settlement adjustment | (295) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlement on accrued research and development expenses |  | (14935) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of notes payable, warrant liabilities, and derivative liabilities | (49093) | 15058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of related party notes payable, warrant liabilities, and derivative | 1627 | (253) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 55 | 963 |
| &nbsp;&nbsp;&nbsp;***Changes in operating assets and liabilities*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivables | (257) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory | 706 | 6267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | (376) | (706) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (15843) | (8804) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 4069 | 16907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related party accrued expenses and other current and non-current liabilities | 1667 | (1573) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related party accrued interest expense |  | 8710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | (3572) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financing lease liabilities |  | 2876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current and non-current assets | (1088) | (3200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (107576) | (70186) |
| **Cash flows from investing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisition of AIXC, net of cash acquired | (1121) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of equipment | 32 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of digital assets | (27000) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sale of digital assets | 12632 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments for property and equipment | (7644) | (7580) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of short-term note receivable | (100) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions to intangible assets | (256) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | (23457) | (7382) |
| **Cash flows from financing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from AIXC follow-on capital contribution, net of issuance costs | 9899 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments of notes payable issuance costs | (2540) | (2087) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments of related party notes payable issuance costs | (4017) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments of notes payable and other financing obligations | (4932) | (428) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital contributions |  | 250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from notes payable, net of original issuance discount | 151739 | 68111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from related party notes payable, net of original issuance discount | 4731 | 3075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from other financial obligations | 5081 | 11812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from exercise of warrants | 1441 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 161402 | 80733 |
| &nbsp;&nbsp;&nbsp;Effect of exchange rate changes on cash and restricted cash | (2589) | (16) |
| **Net increase in cash and restricted cash** | 27780 | 3149 |
| &nbsp;&nbsp;&nbsp;Cash and restricted cash, beginning of period | 7174 | 4025 |
| &nbsp;&nbsp;&nbsp;Cash and restricted cash, end of period | $34954 | $7174 |

---

## Exhibit 99.2

**Exhibit 99.2**

![](ea028426201_ex99-2img1.jpg)© 2026 FARADAY FUTURE Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) Fiscal Fourth Quarter and Full Year 2025 Earnings Presentation March 31, 2026

![](ea028426201_ex99-2img2.jpg)

LEGAL DISCLAIMERS Forward Looking Statements This presentation includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 . When used in this presentation, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward(looking statements . These forward(looking statements, which include statements regarding Faraday Future Intelligent Electric Inc . 's (the "Company's") "Bridge Strategy," the Company's growth strategy, fundraising activities and prospects, the development of markets in which the Company operates or seeks to operate, the production and delivery of the FF 91, the Faraday X(FX) brand, and future compliance with Nasdaq listing requirements, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward(looking statements. These forward - looking statements speak only as of the date of this call, and the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward(looking statement contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to regain compliance with, and thereafter continue to comply with, the Nasdaq listing requirements; the Company's ability to pay its outstanding obligations; the Company's ability to raise necessary capital, including but not limited to the capital required to fund production of the FF 91 and the Bridge Strategy; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces ; the Company's history of losses and expectation of continued losses ; the success of the Company's payroll expense reduction plan ; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs ; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market ; the rate and degree of market acceptance of the Company's vehicles ; the Company's ability to cover future warrant claims ; the success of other competing manufacturers ; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; the ability of the Company to attract and retain employees; any adverse developments in existing legal proceedings or the initiation of new legal proceedings; and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10 - K filed with the Securities and Exchange Commission ("SEC") on March 31, 2025 , and other documents filed by the Company from time to time with the SEC. No Offer or Solicitation This presentation shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction . NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 2

![](ea028426201_ex99-2img3.jpg)

**TABLE OF CONTENTS**

1. Strategy 2. Business - EV & Robotics 3. System Buildup 4. Q4 Financial Highlights 5. Capital Progress 6. 2026 Outlook 7. Appendix NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 3

![](ea028426201_ex99-2img4.jpg)

![](ea028426201_ex99-2img5.jpg)

Business Update – EV : From Ultra - Luxury to Mass - Market FF 91 (The Halo) 2025 Execution ilestones & 2026 Commercial Expansion FX 4 (ass arket) • Niche Presence: Continued deliveries to high - profile users (Calvin Gong, President of Pinnacle Real Estate Group) • Ecosystem Synergy: Driving "Auto + Home + Crypto" cross industry co - creation • Continuous Improvement: Ongoing AIOS software upgrades and refinements FX Super One (The Volume Driver) • Blueprint to Reality: The first FX Super One pre - production vehicle officially rolled off the line at the California AI - Factory NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 5 • Production Readiness: Pre - production units successfully rolled off the line at the California AI Factory in December • Key Specs: 130" wheelbase, flat floor, zero - gravity VIP seats, and the Super EAI F.A.C.E system • Commercial Momentum: 11, 000+ cumulative non - binding pre - orders across six U.S. states in 2025 • Mass Production: Certification progressed as planned, initial parts sourcing secured in October, and final assembly line completed in December • Middle East: Launch with initial delivery to Global Co - creation Officer Andres Iniesta • Target Segment: High - value mass market, positioned as the "RAV 4 Disruptor in the AIEV Era'' • Progress: Official release of rear design sketches in December 2025

![](ea028426201_ex99-2img6.jpg)

Business Update – EAI Robotics: Accelerated Market Entry & Delivery • Positive Margin Structure: Start of robot sales revenue and positive product gross margin in the first quarter Near - term Positioning Advantage in U.S. Humanoid and Bionic arket Three Launched Products Commercial Momentum • Rapid Delivery: First U.S. - listed company to deliver humanoid and bionic robots at scale (22 units shipped as of March) targeting cumulative shipments of more than 1,000 units by the end of December 2026 • Strong Demand: 1,200+ non - binding, paid pre - orders since February 4 th launch 1 AEC: Acoustic Echo Cancellation; technology enabling seamless conversation interruption FF Futurist Starting from $34,990 Ecosystem Skill Package $5,000 FF Master Starting from $19,990 Ecosystem Skill Package $3,000 FX Aegis Starting from $2,499 Ecosystem Skill Package $1,000 NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 6

![](ea028426201_ex99-2img7.jpg)

Business Update – Tech Stack Upgrade Cross Platform Sharing voice dialogue and multimodal interaction capabilities Model training platforms and toolchains Multimodal environmental perception models Forming the foundation of a scalable, cross - terminal intelligence system. Seamless Interaction Real - time web search, voice synthesis, and AEC 1 for seamless conversation 50+languages Transitioned to LLM with native support for 50+ languages Web3 Integration Patent - pending blockchain vehicle/robot sharing system for automated credit verification, billing, settlement, and revenue distribution Computer Vision DinoV3 - powered gesture control and vision - based3D object detection Real - time web search Supports real - time web search and voice output RA G Support RAG knowledge base Advanced Intelligence NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 7

![](ea028426201_ex99-2img8.jpg)

Strengthening the Institutional Foundation Governance & Compliance Governance aturity, Regulatory Alignment and Talent Acquisition SEC Milestone: Successfully concluded SEC investigation NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 8 Cybersecurity & Ethics: Board - Level Cyber Reporting Established Introduced PPTIA Governance Methodology 1 SOX: Sarbanes - Oxley Act; federal law establishing auditing and financial regulations for public companies to protect shareholders from errors and fraudulent practices Washington D.C. Constructive Dialogue • Strategic Policy Alignment • Resilient Global Framework Strategic Regulatory Advisory Talent & AI - Driven Infrastructure Silicon Beach HQ: March relocation to a premier tech hub to accelerate top - tier senior talent acquisition Transition to AI - Driven Company

![](ea028426201_ex99-2img9.jpg)

Q4 AND FULL YEAR 2025 FINANCIAL HIGHLIGHTS Other Highlights: • Non - Cash Volatility: Reported results may be impacted by non - cash volatility driven by mark - to - market adjustments of equity - linked instruments • Optimization: Cost optimization and cash flow management capabilities continued to improve Income Statement: $536K Full - Year Revenue (Stable YoY) Early - stage commercialization with stable market engagement during strategic focus transition $32.3M Q4 Loss from Operations Driven by primarily cost of revenue and G&A $185M Full Year Loss from Operations Excluding one - time impairments (Impairment of long - lived assets & deposits: $137.435M; Impairment of goodwill: $4.450M; Credit loss expense: $4.294M) Reflects Company's cost optimization efforts Balance Sheet & Cash Flow Statements: $7.7M Stockholders' Equity as of year - end Driven by manufacturing optimization and valuation changes in convertible notes, including the elimination of warrants, reducing liabilities by approximately $100 million $161.4M Cash Flow from Financing Activities Operating outflows of $107.5M for the FY2025 was offset by Net Cash inflow of $161.4M for the FY2025 from financing activities Transitioning Capital To ard Dual - Platform Execution NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 9

![](ea028426201_ex99-2img10.jpg)

Capital Markets & Shareholder Protection Strengthening Capital Structure and Defending Shareholder Value Strategic Financing & Market Visibility Capital Structure Optimization Compliance & Shareholder Protection 2025 Net Financing Inflow: $151.5M Demonstrates sustained capital - raising ability despite a "cooling" global EV financing environment Global Investor Engagement: - Hong Kong Investor Event: Deeply decoded EAI Bridge Strategy for 30+ investment institutions - Dual - Engine Revaluation: Market outreach focusing on the "EV + Robotics" growth model to drive valuation recovery - Active roadshows to pursue analyst coverage Warrant Cancellation: - Successfully terminated and cancelled 44.6 million warrants in Q4 - Simplifies the balance sheet and materially reduces potential future share dilution SEC Investigation Closure: In March 2026, the SEC closed its four - year investigation with no action, removing historical constraints and overhang Insider Alignment & Market Protection - Launched executive and employee share purchase plan - Initiated legal actions against potentially illegal short selling and misleading information to protect stockholder interests NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 10

![](ea028426201_ex99-2img11.jpg)

Business EAI Robotics: Targeting 1,000 units in 2026; Continuous product gross margin optimization; Ramping capacity for next - phase large - scale volume. EAI Vehicles: The Company will continue advancing its vehicle programs based on maintaining healthy and stable cash flow 2026 Outlook Scaling the Dual - Engine EAI Ecosystem Systems Building AI - Driven Operating System: Build a truly AI - driven company and establish a highly efficient operating system Governance System: Establish an advanced governance framework aimed at maximizing the interests of shareholders and investors Capital Achieve 180 - day share price compliance, actively introduce strategic investments from top - tier global investment institutions, restore market confidence, and continue improving financing costs and dilution efficiency. Financials Continuously improve the Company's operating cash flow in 2026. Strategy EAI Strategy Monetization: The EAI strategy will begin generating revenue beyond hardware sales, including software - related income Three - in - One Ecosystem Strategy : Initial launch of the tech - driven EAI ecosystem; Scaling robotic devices while deepening the open - source and open - platform development of the EAI Brain and technical platform; Activating industry - wide platform development. NASDAQ: FFAI© 2026 FARADAY FUTURE PROPRIETARY AND CONFIDENTIAL 11 3 4 5 1 2

![](ea028426201_ex99-2img12.jpg)

Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) Appendix March 31, 2026 NASDAQ: FFAI© 2026 FARADAY FUTURE 13 PROPRIETARY AND CONFIDENTIAL

![](ea028426201_ex99-2img13.jpg)© 2026 FARADAY FUTURE Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) Q & A March 31, 2026

![](ea028426201_ex99-2img14.jpg)

APPENDIX 2025 - CONSOLIDATED BALANCE SHEETS(1/2) (In thousands) X X X© 2024 FARADAY FUTURE© 2024 FARADAY FUTURE 16 December 31, 2024 December 31, 2025 Assets Current assets $7,144 $34,927 Cash and cash equivalents 30 27 Restricted cash — 10,250 Digital assets — 257 Accounts receivable — 343 Notes receivable, net of allowance for credit losses of $4,555 at December 31, 2025 27,486 3,258 Inventory, net 31,094 10,499 Deposits 6,127 8,963 Other current assets 71,881 68,524 Total current assets 348,587 155,303 Property, plant and equipment, net 1,761 4,950 Operating lease right - of - use assets, net 1,042 4,639 Intangible assets, net — 25,764 Goodwill 2,129 18,682 Other non - current assets (see Notes 4 and 5) $425,400 $277,862 Total assets Liabilities and stockholders' equity Current liabilities $71,414 $57,277 Accounts payable 45,677 45,499 Accrued expenses and other current liabilities 11,077 13,179 Related party accrued expenses and other current liabilities 28,864 1,950 Warrant liabilities 25 — Accrued interest 23,227 19,933 Related party accrued interest 761 951 Other financing liabilities, current portion 2,128 1,443 Operating lease liabilities, current portion 4,224 4,432 Notes payable, current portion 5,310 3,507 Related party notes payable 192,707 148,171 Total current liabilities

![](ea028426201_ex99-2img15.jpg)

APPENDIX 2025 - CONSOLIDATED BALANCE SHEETS(2/2) (In thousands) X X X© 2024 FARADAY FUTURE© 2024 FARADAY FUTURE 17 December 31, 2024 December 31, 2025 38,698 46,867 Other financing liabilities, long term portion 14 3,471 Operating lease liabilities, long term portion 45,264 56,234 Notes payable, long term portion 2,754 772 Related party notes payable, long term portion 29,709 10,042 Derivative call options — 2,504 Related party derivative call options 1,287 2,042 Other liabilities 310,433 270,103 Total liabilities Commitments and Contingencies Stockholders equity (deficit) 6 21 Class A Common Stock, 0.0001 par value; 228,041,297 and 99,815,625 shares authorized; 199,130,727 and 65,919,127 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively — — Class B Common Stock, 0.0001 par value; 4,429,688 shares authorized; 6,667 shares issued and outstanding as of December 31, 2025 and December 31, 2024 — — Preferred Stock, 0.0001 par value; 5,931,000 and 10,000,000 shares authorized as of December 31, 2025 and December 31, 2024 respectively; one and zero shares issued and outstanding as of December 31, 2025 and December 31, 2024 respectively — — Series B Preferred Stock, $0.0001 par value; 12,000,000 and zero shares authorized as of December 31, 2025 and December 31, 2024 respectively; 7,184,760 and zero shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 4,421,563 4,673,866 Additional paid - in capital 7,744 3,817 Accumulated other comprehensive income (4,314,346) (4,705,042) Accumulated deficit 114,967 (27,338) Total stockholders' equity (deficit) attributable to the Company — 35,097 Noncontrolling interest 114,967 7,759 Total stockholders' equity (deficit) $425,400 $277,862 Total liabilities and stockholders' equity (deficit)

![](ea028426201_ex99-2img16.jpg)

APPENDIX 2025 - CONSOLIDATED INCOME STATEMENT (1/2) (In thousands) X X X© 2024 FARADAY FUTURE© 2024 FARADAY FUTURE 18 2024 2025 $539 $536 Revenue 84,029 98,302 Cost of revenue (83,490) (97,766) Gross profit Operating expenses 25,227 16,603 Research and development (14,935) — Settlement on accrued research and development expenses 9,278 12,310 Sales and marketing 43,164 55,733 General and administrative 1,667 2,459 Loss on disposal of property, plant, and equipment 1,847 137,435 Impairment of long - lived assets and deposits — 4,450 Impairment of goodwill — 4,294 Credit loss expense - short - term note receivable 66,248 233,284 Total operating expenses (149,738) (331,050) Loss from operations (12,556) 49,093 Change in fair value of notes payable, warrant liabilities, and derivative call options 253 (1,627) Change in fair value of related party notes payable, warrant liabilities, and derivative call options (161,725) (100,524) Loss on settlement of notes payable (14,295) (5,128) Loss on settlement of related party notes payable (7,895) (8,649) Interest expense (8,710) — Related party interest expense — (4,117) Net loss on digital assets (1,448) 4,983 Other (loss) income, net (356,114) (397,019) Loss before income taxes 267 (63) Income tax (expense) benefit $(355,847) $(397,082) Net loss — 6,386 Less: Net Loss attributable to noncontrolling interest

![](ea028426201_ex99-2img17.jpg)

APPENDIX 2025 - CONSOLIDATED INCOME STATEMENT (2/2) (In thousands) X X X© 2024 FARADAY FUTURE© 2024 FARADAY FUTURE 19 $(355,847) $(390,696) Net Loss attributable to Faraday Future Intelligent Electric Inc. Per share information: Net loss per share of Class A and B Common Stock attributable to common stockholders: $(19.61) $(3.14) Basic $(19.61) $(3.14) Diluted Weighted average common shares used in computing net loss per share of Class A and Class B Common Stock: 18,529,525 124,299,591 Basic 18,529,525 124,299,591 Diluted Total comprehensive loss $(355,847) $(397,082) Net loss 1,882 (3,927) Foreign currency translation adjustment $(353,965) $(401,009) Total comprehensive loss 2024 2025

![](ea028426201_ex99-2img18.jpg)

APPENDIX 2025 - CONSOLIDATED STATEMENTS OF CASH FLOWS(1/2) (In thousands) X X© 2024 FARADAY FUTURE© 2026 FARADAY FUTURE 20 X

![](ea028426201_ex99-2img19.jpg)

(In thousands) APPENDIX 2025 - CONSOLIDATED STATEMENTS OF CASH FLOWS(2/2) X X X© 2024 FARADAY FUTURE© 2026 FARADAY FUTURE 21