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Faraday Future Reports Financial Results for Q3 2025
Globenewswireยท 2025-11-14 00:06
Core Insights - Faraday Future Intelligent Electric Inc. reported its financial results for Q3 2025, highlighting operational execution, financial position, and outlook for Q4 2025 and 2026 [1][12] Q3 Performance Summary - The company launched the FX Super One MPV on July 17, 2025, securing over 11,000 non-binding pre-orders since the event [3] - FX Super One has entered pre-production at the Hanford manufacturing facility, with the first vehicle expected to roll off the line soon [4][5] - The FX Super One was launched in the UAE on October 28, 2025, with a price point of approximately $85,000 and initial deliveries planned for November [9][10] Financial Highlights - The company secured $136 million in financing commitments, with $82 million received by the end of Q3 2025 [13] - Loss from operations was $206.8 million for the three months ending September 30, 2025, primarily due to investments in engineering and strategic initiatives [13] - Financing cash inflow for the nine months ended September 30, 2025, was $135.8 million, a 144% increase from the previous year [13] Strategic Developments - Faraday Future made a strategic investment of approximately $41 million in Qualigen Therapeutics to enhance its AI technology capabilities [8][17] - The company is focused on building a robust internal R&D capability in software and AI, while transferring core technologies from the FF 91 to the FX product line [20] - FX has established FX Pars in several states, with plans for expansion to New Jersey, Florida, and Washington [19] Future Outlook - The company is on track to deliver additional FF 91 units in December 2025 and continue FX Super One pre-orders [18] - The first version of the Manufacturing Management System is planned for release to ensure the first U.S. pre-production FX Super One is completed by year-end [21] - FX's second planned model, FX 4, will be showcased during the Los Angeles Auto Show [22]