EX-99.2 3 ea029079401ex99-2.htm INVESTOR PRESENTATION (FIRST QUARTER 2026 EARNINGS RELEASE) DATED MAY 14, 2026

Exhibit 99.2

 

© 2026 FARADAY FUTURE Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) Fiscal First Quarter 2026 Earnings Presentation May 14, 2025

 

 

No Offer or Solicitation This presentation is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Forward Looking Statements This presentation includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this presentation, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward - looking statements. These forward - looking statements, which include statements regarding Faraday Future Intelligent Electric Inc.’s (the “Company’s”) business plan (including but not limited to annual targets and milestones), the development of markets in which the Company operates or seeks to operate, entry into the Embodied AI Robotics market and plans and financial forecasts and targets, including but not limited to the potential for an IPO or spin - off of the robotics business, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward - looking statements. These forward - looking statements speak only as of the date of this call, and the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward - looking statement contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. tariff uncertainty for imported products, particularly from China; the ability of the U.S. Department of Commerce to review, condition, or prohibit robotics - related transactions with a China OEM; demand from automobile dealers for robotics products; the Company’s ability to maintain its listing on Nasdaq; the Company’s ability to timely regain compliance with Nasdaq’s $1.00 minimum bid price requirement; that the Company’s common stock will be suspended from trading on Nasdaq if the closing price of its Class A common stock is $0.10 or less for 10 consecutive trading days; the availability of sufficient share capital to execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and robots and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and robots and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to use its "at - the - market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10 - K for the year ended December 31, 2025 filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC. This presentation also includes market and industry data that the Company has obtained from market research, publicly available information and industry publications. The accuracy and completeness of such information are not guaranteed. Such data is often based on industry surveys and preparers' experience in the industry. Similarly, although the Company believes that the surveys and market research that others have performed are reliable, such surveys and market research are subject to assumptions, estimates and other uncertainties and the Company has not independently verified this information. © 2026 FARADAY FUTURE

 

 

P A R T I Positioning & Strategy Evolving Faraday Future into a U.S. - based Physical AI ecosystem company

 

 

S T R A T E G I C E V O L U T I O N A U.S. - based Physical AI Ecosystem Company FF will officially evolve into a U.S. - based Physical AI ecosystem company , committed to an AI - first philosophy . Two Product Engines in EAI Robotics 01 EAI Humanoid & Bionic Robots Phase I priority business — driving near - term revenue with positive product gross margin. 02 EAI Automotive Robots Complementary engine — full launch only once strategic / long - term funding is secured. Three - in - One Ecosystem EAI Device Physical gateway EAI Brain & Open - Source and Open Developer Platform Smarts our products Centralized & Decentralized Data Factory Fuel for the flywheel Faraday Future · First Quarter 2026 Earnings Call

 

 

E X E C U T I O N R O A D M A P Phase I — A Disciplined, Capital - Light Path Strategic Execution Standpoint Humanoid & bionic robotics is our primary focus; Automotive robotics serves as a complementary business. ض Low Cost ض Low Capital Intensity ض Low Risk ض Maximize Stockholders’ Value EAI Faraday Future · First Quarter 2026 Earnings Call Ecosystem EAI Device Data Training EAI Centralized & Decentralized Data Factory EAI Brain & Open Source &Open Developer Platform Evolution through Brain Growth Data support Brain Growth Externally, by open - sourcing our technologies, platforms, and protocols, we connect industry partners, developers, stockholders, and users at scale — building a shared ecosystem where everyone co - creates and shares the value.

 

 

P A R T I I Highlights of Q1 & Subsequent Events Business · Finance · Capital Markets · System Building

 

 

E A I D E V I C E U P D A T E First U.S. Company to Deliver Humanoid & Bionic Robots Futurist Full - Size Professional EAI Humanoid Robot. Master Athletic EAI Humanoid Companion. Aegis Professional, Embodied - AI Quadruped Robot. 1,200+ Cumulative non - binding, non - refundable paid pre - orders (Feb 4) 68 Units shipped by end of April + Positive product gross margin Regulatory Certifications All three robot lines obtained all certifications needed for formal sale in the U.S. — meeting safety, security, and spectrum standards. Dealer Network Expansion MOUs signed with mainstream U.S. dealerships post - NADA for FX Super One and robot sales; exploring customized leasing programs. 5'7" · 152 lbs 4'4" · 77 lbs Approx. 33 lbs Faraday Future · First Quarter 2026 Earnings Call

 

 

E A I B R A I N & O P E N S O U R C E & O P E N D E V E L O P E R P L A T F O R M Brain Smarts Our Products E A I B R A I N Bridging Simulation & Real - Robot Data Training Closed loop of efficient Sim2Sim and Sim2Real deployment and continuous model self - evolution. Targeting manipulation autonomy by year end. Live & Operating: • Cross - platform architecture for self - developed EAI Interactive Brain • Commercial demos running across multiple sectors • Data Portal, Cloud Platform, Robot Management V1.0 — all live O P E N S O U R C E & O P E N D E V E L O P E R P L A T F O R M Enabling System for Our Strategy Opening our platform to global developers — speeding the flywheel and establishing a differentiated competitive moat. Recent Milestones : • EAI Developer Platform strategy launch in San Francisco • OpenClaw open - source framework integrated into Agent layer • First practical OpenClaw applications running on our robots Faraday Future · First Quarter 2026 Earnings Call

 

 

D A T A F A C T O R Y U P D A T E Data Fuels Our Strategy R&D - to - sales loop closed in t o months — first sales order signed and delivery begun. D E C E N T R A L I Z E D Decentralized Data Factory Built our own data collection software — eliminating costly third - party robot hardware purchases. Full pipeline live: collection → processing → FF Cloud upload. First batch of pilot real - world data collected across our EAI Devices. C E N T R A L I Z E D Centralized Data Factory Full - stack in - house software suite: collection, validation, upload, conversion — on par with industry benchmark tools. First centralized supermarket shelf scenario deployed at LA HQ. Teleoperation data business in active market outreach. S T R A T E G I C C O L L A B O R A T I O N BIBS – FF AI Robotics Institute MoU signed with Boston International Business School — the first industry - driven Physical AI and robotics institute in the U.S. Faraday Future · First Quarter 2026 Earnings Call

 

 

F I N A N C E Q1 2026 Financial Results Robotics emerged as the Company's ne revenue engine in its inaugural quarter of deliveries. ↑ 62% YoY Q1 2026 Revenue $512K (vs. $316K) Nearly matches FY2025 $536K ↓ 18% YoY Loss from Operations $35.9M (vs. $43.8M) narro ed ↓ 33% YoY G&A Expenses $9.2M (vs. $13.7M) reduced professional fees ↑ 148% QoQ Stockholders' Equity $19.2M (vs. $7.7M) 2nd consecutive +Q of positive equity gro th F R O M R E P O R T E D L O S S T O C A S H B U R N $35.9M Loss from operations of hich ~$11M is non - cash items (D&A, good ill impairment, SBC) $31.5M Actual operating cash burn after adjusting for non - cash items & orking capital movements E Q U I T Y R E C O V E R Y −$39.5M → $19.2M +$59M Q3 2025 trough · Q1 2026 · 6 - month improvement Driven by debt - to - equity conversions, vendor settlement, and voluntary warrant termination. 26% ecosystem revenue share (SKILLS, capability packs, etc.) Faraday Future · Q1 2026 Financial Results

 

 

C A P I T A L M A R K E T S Critical Funding & Structural Adjustments $12M F E B R U A R Y · A P R I L AIxCrypto Equity Financing Total subscription increased from $10M; $0.5M common stock + $11.5M Series C preferred stock. Anti - dilution clause terminated; replaced with fixed warrants linked to operational milestones. A P R I L U.S. Institutional Financing $45M Lowest financing cost in recent years for existing shareholders; includes lock - up period — protecting shareholder interests while advancing EAI growth. R E G U L A T O R Y M I L E S T O N E S M A R C H 1 8 SEC Investigation Concluded SEC formally concluded its four - year investigation — no punishment or legal action against the Company or leadership. M A R C H 2 0 Nasdaq 180 - Day Remediation Period Accelerate business execution, advance strategic initiatives, and fight illegal short selling to restore market confidence. Faraday Future · First Quarter 2026 Earnings Call

 

 

S Y S T E M B U I L D I N G AI FIRST — Governance & Closed - Loop Management PPTIA Overarching philosophy : A I F I R S T A I S Y S T E M T R A N S F O R M A T I O N → AI transitions from a simple auxiliary tool into a key infrastructure driving business growth and decision optimization — supported by an upgraded AI talent organization system. C L O S E D - L O O P C O R P O R A T E G O V E R N A N C E Strengthening management from financing → performance Maintain strategic continuity Take better responsibility for investors' investment results Enhance internal and external trust and cohesion G O V E R N M E N T A F F A I R S · C A L I F O R N I A S U P P O R T California State Treasurer Fiona Ma expressed strong support for collaboration with FF's robotics business. Faraday Future · First Quarter 2026 Earnings Call California GSA government procurement list EAI transformation of K – 12 and higher education Integration of EAI industry chain resources AI - PPTI

 

 

P A R T I I I 2026 Outlook Strategy · Business · System · Finance · Capital

 

 

F I V E K E Y T R A N S F O R M A T I O N S A Comprehensive Initiative for the Next Phase Strengthening our foundation, accelerating commercialization of our AI and mobility ecosystem, and rebuilding long - term market confidence. 01 Strategy EAI Three - in - One execution 02 Business Robotics revenue base 03 System AI - driven transformation 04 Finance AI - powered finance system 05 Capital Long - term, value - oriented Faraday Future · First Quarter 2026 Earnings Call

 

 

S T R A T E G Y O U T L O O K From Capital - Driven Growth to Revenue Validation Capital - Driven Growth → Revenue Validation & Long - Term Ecosystem "Revenue - first" operating philosophy is our highest near - term priority. N E A R - T E R M Commercial Breakthroughs Expand user adoption; build ecosystem around EAI Brain, Open Source & Open developer platform, and data infrastructure. M E D I U M - T E R M Scaled Growth Transition from revenue validation to scaled growth; robotics drives revenue, EVs strengthen ecosystem. L O N G - T E R M Integrated EAI Ecosystem Sustainable, scalable, globally replicable model — products, platforms, data, and ecosystem integration. Faraday Future · First Quarter 2026 Earnings Call

 

 

P R O D U C T , T E C H N O L O G Y & B U S I N E S S O U T L O O K Robotics as Core Growth Engine 2 0 2 6 A N N U A L S H I P P I N G T A R G E T 1,500 Units Raised from prior 1,000 - unit target Education Ecosystem & Product Launch — early June Demand Drivers — Four Product Lines & Key Use Cases Education (the largest use case in the first phase of the robotics industry’s B2C market) Security & Inspection Reception & Guidance Performances University Research Phased Product Expansion K – 12 education as initial entry point → universities, research institutions, vocational education. Humanoid robotics first; quadruped and other intelligent form factors to follow. Faraday Future · First Quarter 2026 Earnings Call

 

 

E A I R O B O T I C S P O R T F O L I O FF EAI Robotics Product Family S P E C I E S 0 1 Humaniform Futurist 5'7" · 152 lbs Reception · Home · Touring $34,990 – $119,990 + Skill Pkg $5K – $20K Master 4'4" · 77 lbs Classroom · Home · Performance $19,990 – $49,990 + Skill Pkg $3K – $15K S P E C I E S 0 2 Quadrupedal Aegis Approx. 33 lbs Patrol · Sentry · R&D $2,490 – $19,990 + Skill Pkg up to $5K Companion · Micro Playmate · Programming · Creation Pricing TBD S P E C I E S 0 3 Mobile Manipulator Coming Soon Mobile Operations · Lab Assistant Form: Wheeled chassis + Robotic arm Faraday Future · First Quarter 2026 Earnings Call

 

 

S Y S T E M S & O R G A N I Z A T I O N AI - PPTI Management Framework Building upon PPTIA, evolving to ard AI - PPTI — accelerating the transition to a productized, platformized, AI - native operating model. AI Artificial Intelligence Core operating capability embedded across the organization P Policy Governance: data, AI usage, security, compliance, model oversight P Process Standardized, intelligent, automated workflows across functions T Tools Enterprise AI platforms, intelligent collaboration tools I Information Technology Cloud infrastructure, data systems, AI - native environment Outcome: Greater agility, data - driven decisions, AI - enabled enterprise positioned for long - term growth. Faraday Future · First Quarter 2026 Earnings Call

 

 

F I N A N C I A L O U T L O O K Strategic Finance Empowerment T H R E E L E V E L S O F E M P O W E R M E N T 01 Mindset Shift From "business recording" to "business collaboration and value co - creation" — finance teams alongside business on the front line. 02 AI Empowerment AI brain embedded into accounting; automate process - driven tasks; intelligent risk detection — shifting from reactive to active prevention. 03 Process Redesign Under the new "AI + human" management model — redesign financial management & operational analysis processes; dynamically optimized. B Y E N D O F 2 0 2 6 — F I N A N C I A L G O A L S Steady balance sheet improvement & scaled device revenue with positive unit gross margin Timely, consistent disclosure — fully meeting SEC compliance requirements EAI - tailored financial analysis system providing real - time decision guidance Faraday Future · First Quarter 2026 Earnings Call

 

 

C A P I T A L O U T L O O K Long - Term, Value - Oriented Capital Structure $ Internally Generated Revenue Rely on internally generated revenue and operating cash flow as primary financial foundation . ↓ Reduce High - Cost Short - Term Debt Gradually upgrade financing approach; reduce dependence on high - cost short - term debt. մ Attract Long - Term Capital Engage strategic and institutional investors to reshape a healthier, more stable capital and stockholder structure. R E G A I N I N G N A S D A Q C O M P L I A N C E Preferred approach is to let the price recover naturally through operational improvements Scale EAI business — full - year 2026 robotics shipment target raised to Strengthen capital markets engagement & investor communication 1,500 units Collective shareholding plan for senior executives and employees Legal action against illegal short selling and market manipulation Faraday Future · First Quarter 2026 Earnings Call

 

 

Q& A I N V E S T O R Q U E S T I O N S Open the Floor Addressing a selection of shareholder questions submitted in advance. A P P E N D I X Unaudited balance sheets and financial statements as of and for the three months ended March 31, 2026.

 

 

APPENDIX – Q1 2026 CONSOLIDATED BALANCE SHEETS (1/2) December 31, 2025 March 31, 2026 (In thousands) Assets Current assets $ 34,927 $ 12,231 Cash and cash equivalents 27 29 Restricted cash 10,250 6,197 Digital assets 257 273 Accounts receivable 343 385 Notes receivable, net of allowance for credit losses of $4,698 and $4,555 and on March 31, 2026, and December 31, 2025, respectively 3,258 1,465 Inventory, net (see Note 4) 10,499 13,758 Deposits (see Note 5) 8,963 7,565 Other current assets (see Note 5) 68,524 41,903 Total current assets 155,303 146,932 Property, plant and equipment, net 4,950 14,861 Operating lease right - of - use assets, net 4,639 4,647 Intangible assets, net 25,764 23,692 Goodwill 18,682 18,106 Other non - current assets (see Notes 4 and 5) $ 277,862 $ 250,141 Total assets Liabilities and stockholders’ equity Current liabilities $ 57,277 $ 53,366 Accounts payable 45,499 42,134 Accrued expenses and other current liabilities (see Note 7) 13,179 12,988 Related party accrued expenses and other current liabilities (see Note 7) 1,950 960 Warrant liabilities 19,933 14 Related party accrued interest 951 1,005 Other financing liabilities, current portion 1,443 1,583 Operating lease liabilities, current portion 4,432 4,349 Notes payable, current portion 3,507 1,510 Related party notes payable 148,171 117,909 Total current liabilities Faraday Future · First Quarter 2026 Earnings Call

 

 

APPENDIX – Q1 2026 CONSOLIDATED BALANCE SHEETS (2/2) December 31, 2025 March 31, 2026 (In thousands) 46,867 47,714 Other financing liabilities, long term portion 3,471 12,165 Operating lease liabilities, long term portion 56,234 42,018 Notes payable, long term portion 772 2,682 Related party notes payable, long term portion 10,042 5,229 Derivative call options 2,504 1,065 Related party derivative call options 2,042 2,118 Other liabilities 270,103 230,900 Total liabilities Commitments and Contingencies Stockholders’ equity (deficit) 21 29 Class A Common Stock, 0.0001 par value; 307,855,751 and 228,041,297 shares authorized; 282,409,695 and 199,130,727 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively — — Class B Common Stock, 0.0001 par value; 4,429,688 shares authorized; 6,667 shares issued and outstanding as of March 31, 2026 and December 31, 2025 — — Preferred Stock, 0.0001 par value; 12,087,265 and 5,931,000 shares authorized as of March 31, 2026 and December 31, 2025 respectively; zero and one shares issued and outstanding as of March 31, 2026 and December 31, 2025 respectively — — Series B Preferred Stock, $0.0001 par value; 12,000,000 and 12,000,000 shares authorized as of March 31, 2026 and December 31, 2025 respectively; 6,128,378 and 7,184,760 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 4,673,866 4,728,901 Additional paid - in capital 3,817 2,573 Accumulated other comprehensive income (4,705,042) (4,743,898) Accumulated deficit (27,338) (12,395) Total stockholders’ deficit attributable to the Company 35,097 31,636 Noncontrolling interest 7,759 19,241 Total stockholders' equity $ 277,862 $ 250,141 Total liabilities and stockholders’ equity Faraday Future · First Quarter 2026 Earnings Call

 

 

APPENDIX – Q1 2026 CONSOLIDATED INCOME STATEMENT (1/2) Three Months Ended March 31 (In thousands) 2025 2026 $ 316 $ 512 Revenue 21,381 11,890 Cost of revenue (21,065) (11,378) Gross profit Operating expenses 6,419 6,990 Research and development 2,629 5,616 Sales and marketing 13,674 9,195 General and administrative 44 328 Loss on disposal of property, plant, and equipment — 2,255 Impairment of intangible assets, including goodwill — 143 Credit loss expense - short - term note receivable 22,766 24,527 Total operating expenses (43,831) (35,905) Loss from operations 51,458 2,771 Change in fair value of notes payable, warrant liabilities, and derivative call options (277) 1,439 Change in fair value of related party notes payable, warrant liabilities, and derivative call options (15,920) (8,431) Loss on settlement of notes payable (1,180) — Loss on settlement of related party notes payable (2,302) (2,478) Interest expense — (1,946) Net loss on digital assets 1,784 2,252 Other income, net (10,268) (42,298) Loss before income taxes (10) (19) Income tax expense (10,278) (42,317) Net loss Faraday Future · First Quarter 2026 Earnings Call

 

 

APPENDIX – Q1 2026 CONSOLIDATED INCOME STATEMENT (2/2) Three Months Ended March 31, (In thousands) 2025 2026 — 3,461 Less: Net Loss attributable to noncontrolling interest $ (10,278) $ (38,856) Net Loss attributable to Faraday Future Intelligent Electric Inc. Per share information (See Note 16): Net loss per share of Class A and B Common Stock attributable to common stockholders: $ (0.14) $ (0.18) Basic $ (0.14) $ (0.18) Diluted Weighted average common shares used in computing net loss per share of Class A and Class B Common Stock: 75,749,893 214,502,895 Basic 75,749,893 214,502,895 Diluted Total comprehensive loss $ (10,278) $ (42,317) Net loss 306 (1,244) Foreign currency translation adjustment $ (9,972) $ (43,561) Total comprehensive loss Faraday Future · First Quarter 2026 Earnings Call

 

 

APPENDIX – Q1 2026 CONSOLIDATED STATEMENT OF CASH FLOWS (1/2) Three Months Ended March 31 (In thousands) 2025 2026 Cash flows from operating activities $ (10,278) $ (42,317) Net loss Adjustments to reconcile net loss to net cash used in operating activities: 17,527 8,081 Depreciation and amortization expense 553 1,010 Amortization of operating lease right - of - use assets 814 1,340 Non - cash interest expense — 1,946 Loss on digital assets, net 44 328 Loss on disposal of property and equipment, net — 2,255 Impairment of intangible assets, including goodwill 301 (802) Stock - based compensation — 143 Credit loss expense — (185) Accrued interest on short - term note receivable — 338 Payments for operating expenses made with digital assets 15,920 8,431 Loss on settlement of notes payable 1,180 — Loss on settlement of related party notes payable (295) — H.S.L. SRL. settlement adjustment (51,458) (2,771) Change in fair value of notes payable, warrant liabilities, and derivative liabilities 277 (1,439) Change in fair value of related party notes payable, warrant liabilities, and derivative — (267) Other Changes in operating assets and liabilities (664) (16) Accounts receivables 362 2,029 Inventory (2,823) (2,678) Deposits (651) (3,761) Accounts payable 6,945 (1,644) Accrued expenses and other current and non - current liabilities 139 (349) Related party accrued expenses and other current and non - current liabilities (703) (2,521) Operating lease liabilities 2,515 1,377 Other current and non - current assets (20,295) (31,472) Net cash used in operating activities Faraday Future · First Quarter 2026 Earnings Call

 

 

APPENDIX – Q1 2026 CONSOLIDATED STATEMENT OF CASH FLOWS (2/2) (In thousands) Three Months Ended March 31 2025 2026 Cash flows from investing activities — (338) Purchase of digital assets — 2,107 Sale of digital assets (1,568) (221) Payments for property and equipment — (274) Payments for intangible assets (1,568) 1,274 Net cash provided (used in) investing activities Cash flows from financing activities 22,000 8,820 Proceeds from notes payable, net of original issuance discount 1,876 — Proceeds from related party notes payable, net of original issuance discount 1,133 — Proceeds from other financial obligations (99) (487) Payments of notes payable issuance costs (309) (353) Payments of notes payable and other financing obligations — (145) Payments of related party notes payable 24,601 7,835 Net cash provided by financing activities (419) (331) Effect of exchange rate changes on cash and restricted cash 2,319 (22,694) Net increase in cash and restricted cash 7,174 34,954 Cash and restricted cash, beginning of period $ 9,493 $ 12,260 Cash and restricted cash, end of period Faraday Future · First Quarter 2026 Earnings Call