FFAI (Faraday Future Intelligent Electric) Operating Income: $-171.80 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FFAI Faraday Future Intelligent Electric Inc FFAI
35 GF Score
Price $5.93
GF Value $16.27
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Faraday Future Intelligent Electric Operating Income?

Faraday Future Intelligent Electric FFAI +11.47% 35 Operating Income is $-171.80 Mil as of Mar. 2026. GuruFocus rates FFAI with a GF Score™ of 35/100 and a GF Value™ of $16.27 (Possible Value Trap). The stock has 8 warning signs investors should review.

Faraday Future Intelligent Electric's Operating Income for the three months ended in Mar. 2026 was $-33.18 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-171.80 Mil.

Warning Sign:

Faraday Future Intelligent Electric Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Faraday Future Intelligent Electric's Operating Income for the three months ended in Mar. 2026 was $-33.18 Mil. Faraday Future Intelligent Electric's Revenue for the three months ended in Mar. 2026 was $0.51 Mil. Therefore, Faraday Future Intelligent Electric's Operating Margin % for the quarter that ended in Mar. 2026 was -6,480.27%.

Faraday Future Intelligent Electric's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Faraday Future Intelligent Electric's annualized ROC % for the quarter that ended in Mar. 2026 was -55.73%. Faraday Future Intelligent Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -98.92%.


Faraday Future Intelligent Electric  (NAS:FFAI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Faraday Future Intelligent Electric's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-132.716 * ( 1 - 0% )/( (241.454 + 234.823)/ 2 )
=-132.716/238.1385
=-55.73 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=277.862 - 116.055 - ( 34.927 - max(0, 148.171 - 68.524+34.927))
=241.454

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Faraday Future Intelligent Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-159.28/( ( (160.253 + max(-104.584, 0)) + (161.793 + max(-80.175, 0)) )/ 2 )
=-159.28/( ( 160.253 + 161.793 )/ 2 )
=-159.28/161.023
=-98.92 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.257 + 3.258 + 29.739) - (116.055 + 4.385 + 17.398)
=-104.584

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.273 + 1.465 + 27.549) - (91.324 + 4.429 + 13.709)
=-80.175

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Faraday Future Intelligent Electric's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-33.179/0.512
=-6,480.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Faraday Future Intelligent Electric Operating Income Related Terms


Faraday Future Intelligent Electric Operating Income Historical Data

* Premium members only.

The historical data trend for Faraday Future Intelligent Electric's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Faraday Future Intelligent Electric Operating Income Chart

Faraday Future Intelligent Electric Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -289.96 -434.45 -279.57 -146.22 -182.41

Faraday Future Intelligent Electric Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -43.79 -47.83 -66.93 -23.86 -33.18
FFAI
35GF Score
Faraday Future Intelligent Electric Inc FFAI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Faraday Future Intelligent Electric Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-171.80 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-171.80 Mil mean?
Faraday Future Intelligent Electric (FFAI) has a Operating Income of $-171.80 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Faraday Future Intelligent Electric and its competitors.
Is Faraday Future Intelligent Electric's Operating Income too high?
Faraday Future Intelligent Electric's current Operating Income is $-171.80 Mil. Overall, Faraday Future Intelligent Electric has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Faraday Future Intelligent Electric's Operating Income compare to FABC and AIEV?
Faraday Future Intelligent Electric's Operating Income of $-171.80 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Faraday Future Intelligent Electric and its competitors. Faraday Future Intelligent Electric's current Operating Income is $-171.80 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Faraday Future Intelligent Electric stock overvalued right now?
Based on GuruFocus' analysis, Faraday Future Intelligent Electric (FFAI) is currently considered Possible Value Trap. The stock's GF Value™ is $16.27, compared to a current price of $5.93 — trading 63.6% below its estimated fair value. The current Operating Income is $-171.80 Mil. Faraday Future Intelligent Electric's overall GF Score™ is 35/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Faraday Future Intelligent Electric (FFAI), the current Operating Income is $-171.80 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Faraday Future Intelligent Electric (FFAI) Overvalued in 2026?

Based on GuruFocus' analysis, Faraday Future Intelligent Electric stock appears to be undervalued. The current stock price of $5.93 is trading 63.6% below its estimated GF Value™ of $16.27. GuruFocus considers Faraday Future Intelligent Electric to be Possible Value Trap.

Key valuation signals for FFAI:

  • Operating Income: $-171.80 Mil
  • GF Value™: $16.27 vs. price of $5.93 (63.6% below fair value)
  • GF Score™: 35/100 with 8 warning signs

No single metric tells the full story. See the FFAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Faraday Future Intelligent Electric Business Description

Address 1990 East Grand Avenue, El Segundo, CA, USA, 90245
Faraday Future Intelligent Electric Inc is a shared intelligent mobility ecosystem. The company is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. The company has additional engineering, sales, and operational capabilities in China and plans to develop its manufacturing capability in China through a joint venture. The company manages two operating segments-AI Electric Vehicle (AIEV), and digital assets.
35GF Score

Get the complete analysis for FFAI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.93
Price
$16.27
GF Value