What is FFAI's gross margin?

FFAI (FFAI) reported gross margin of -12,032.7% in Q1 2026.

How has FFAI's gross margin changed year-over-year?

FFAI's gross margin decreased by 22.4% year-over-year, from -9,832.4% to -12,032.7%.

What is the long-term trend for FFAI's gross margin?

Over 2 years (2023 to 2025), FFAI's gross margin has grown at a 84.9% compound annual growth rate (CAGR), from -5,334.6% to -18,239.9%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

FFAI FFAI Gross margin

Gross margin at other companies

Tesla, Inc.TSLA

19.1%+1.4pp

Lucid Group, Inc.LCID

-95.6%-8.3pp

Microvast Holdings, Inc.MVST

26.4%-8.6pp

Rivian Automotive, Inc.RIVN

1%—

Beta Technologies BETA

65.5%—

Ford Motor CompanyF

13.4%-0.1pp

Other financials

Income statement

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Revenue$512.0K+62.0%

Gross profit-$11.4M+46.0%

Operating income-$35.9M+18.1%

Net income-$38.9M-278%

EPS (diluted)-$0.18-28.6%

Balance sheet

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Cash & equivalents$12.3M+29.1%

Total debt$62.5M+46.4%

Total equity-$12.4M-109%

Total assets$250.1M-39.1%

Cash flow

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Operating cash flow-$31.5M-55.1%

CapEx$221.0K-85.9%

Free cash flow-$31.7M-45.0%

Valuation

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Market cap$80.37M-47.1%

Enterprise value$130.58M-31.4%

P/S109.8×-137×

Profitability

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Operating margin-44,142.6%-130,545pp

Net margin-57,277.9%+66,395pp

FCF margin-17,083.3%+43,535pp

Returns & leverage

See full

Return on equity-320.2%-2,578pp

Debt / equity0.9×+0.8×

Current ratio0.4×0.0×

Where this comes from

Calculated from FFAI’s reported figures.

gross profit/total revenue=-12,032.7%

Based on trailing twelve months.

The official record: FFAI’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FFAI's gross margin?: FFAI (FFAI) reported gross margin of -12,032.7% in Q1 2026.
How has FFAI's gross margin changed year-over-year?: FFAI's gross margin decreased by 22.4% year-over-year, from -9,832.4% to -12,032.7%.
What is the long-term trend for FFAI's gross margin?: Over 2 years (2023 to 2025), FFAI's gross margin has grown at a 84.9% compound annual growth rate (CAGR), from -5,334.6% to -18,239.9%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.