---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038689"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:43:11.587506+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Faraday Future reports Q1 net income of $6.5M, begins FF 91 deliveries end of May

## Summary
- Net income $6.5M vs loss of $153.1M YoY; operating expenses fell to $83.0M from $149.0M.
- Cash $33.3M at Mar 31; net cash used in operations $103.2M; capex $16.9M.
- FF 91 production started Mar 29; first production vehicle rolled off Apr 14; first deliveries targeted end of May.
- Secured $135M gross funding in Q1, received $120M; additional $100M committed via unsecured convertible notes on May 9.
- Targeting operating cash flow breakeven in 2025; announced Generative AI Product Stack on May 2.

## SEC filing metadata
- accession: 0001213900-23-038689
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000121390023038689/0001213900-23-038689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390023038689/ea178438-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038689
- JSON: https://secwatch.observer/filing/0001213900-23-038689.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038689.txt

## Key facts
- Earnings Releases
  FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: On May 11, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) announced its financial results for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390023038689/0001213900-23-038689-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.