Faraday Future Intelligent Elec — Earnings Quality Grade F
FFAI · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
AR growth -100.0% vs revenue growth -31.2%
Revenue -0.6%, CFFO -53.3%. Cash follows revenue
Expense Quality
Inventory -88.1% vs COGS 17.0%. Normal
CapEx growth 4.2% vs revenue -0.6%. Normal
SG&A/Gross Profit = -69.6%, excellent (<30%)
Gross margin swung -2750.1pp (-15489.8% → -18239.9%)
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.1B)
Accruals ratio = -101.9%. Low accruals
Cash $0.0B covers only 30% of debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.0B = -111% of equity. Manageable
Interest coverage = -21.1x (<2x). Financial stress
Other assets grew 777.5% vs revenue -0.6%
Write-offs normal
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles surged 2818% YoY
Manipulation Score
Calculation error: float division by zero
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25