Home / Going-concern warnings / FARADAY FUTURE INTELLIGENT ELECTRIC INC.
Filed 2025-11-21 路 Form 10-Q 路 Accession 0001628280-25-053577 micro
Price before filing: $156 (2025-11-20 close, split/dividend-adjusted)
Market cap at flag: $223.0M (2025-11-21) 路 Latest: $1.7M (2026-10-16)
| Window | FFAI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +18.3% | +5.3% | +13.0% | 2025-12-22 |
| 90 days | -53.0% | +5.2% | -58.2% | 2026-02-19 |
| 180 days | -68.1% | +14.2% | -82.3% | 2026-05-20 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders bought $576K (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-25 | Jia Yueting Global Co-CEO | Purchase | 83,775 | $2.35 | $197K | yes | Form 4 |
| 2025-08-25 | Wang Jiawei Global President | Purchase | 10,560 | $2.33 | $25K | yes | Form 4 |
| 2025-09-02 | Jia Yueting Global Co-CEO | Purchase | 81,600 | $2.17 | $177K | no | Form 4 |
| 2025-09-08 | Jia Yueting Global Co-CEO | Purchase | 98,000 | $1.81 | $177K | no | Form 4 |
| 2025-11-21: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-23 to 2025-12-21. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Based on its recurring losses from operations since inception and continued cash outflows from operating activities (all as described below), the Company has concluded that there is substantial doubt about its ability to continue as a going concern for a period of one year from the date that these Unaudited Condensed Consolidated Financial Statements were issued."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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