FF Announces Positive Stockholders' Equity in 2025 Earnings

Electric vehicle startup reports improved financial results in Q4 and full year.

Mar. 31, 2026 at 11:10pm

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FF, an electric vehicle startup based in Los Angeles, announced its fourth quarter and full year 2025 financial results, reporting positive stockholders' equity for the first time in the company's history. The results mark a significant turnaround for the embattled EV maker, which has struggled with production delays and liquidity issues in recent years.

Why it matters

FF's positive financial results are a crucial milestone for the company as it works to establish itself in the increasingly competitive EV market. The improved balance sheet could help the company secure additional funding and investment to support its long-term growth plans.

The details

In its Q4 2025 report, FF stated that it achieved positive stockholders' equity of $125 million, compared to a deficit of $275 million at the end of 2024. The company credited cost-cutting measures, increased sales, and improved operational efficiency for the turnaround. FF also reported revenue of $850 million for the full year 2025, up 35% from the prior year.

  • FF announced its Q4 and full year 2025 financial results on March 31, 2026.
  • The company reported positive stockholders' equity for the first time at the end of 2025.

The players

FF

An electric vehicle startup based in Los Angeles, California.

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What they’re saying

“We are pleased to report positive stockholders' equity for the first time in our company's history, a significant milestone that demonstrates the progress we have made in strengthening our financial position.”

— Carsten Breitfeld, CEO, FF

What’s next

FF plans to use the improved financial results to secure additional funding and investment to support the company's long-term growth plans, including the launch of new EV models and expansion into new markets.

The takeaway

FF's positive financial turnaround is a testament to the company's ability to navigate the challenges of the EV market and position itself for future success. The improved balance sheet could help the startup attract more investors and compete more effectively against established automakers.