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The Company refers to our primary operating subsidiary in the U.S., Faraday&Future Inc., as FF U.S. The Company refers to all our subsidiaries organized in China (including Hong Kong) collectively as the PRC Subsidiaries.
8809.21% operating margin is above average. ROIC at -249.91%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 797.2% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from -58.75% to -249.91%, capital efficiency is deteriorating. Negative free cash flow of -$115M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
-$4M
▼ -797.2% YoY
Net Income (TTM)
-$419M
▼ -9.8% YoY
Op. Margin
8721.30%
▲ +36589.9pp YoY
ROIC
-365.63%
▼ -191.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$125M
▼ -48.2% YoY
Op. Cash Flow (TTM)
-$119M
▼ -53.3% YoY
Net Debt
$50M
Cash & Equiv.
$12M
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