Basic net loss per share attributable to common stockholders is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares issued and shares to be issued under the commitment to issue shares, as these shares are issuable for no consideration.

Diluted net loss per share attributable to common stockholders adjusts the basic net loss per share attributable to common stockholders and the weighted-average number of shares issued and shares to be issued under the commitment to issue shares for potentially dilutive instruments.

The following data shows the amounts used in computing net loss per share and the effect on net loss and the weighted-average number of shares as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2026		2025		2026		2025
Net loss attributable to Faraday Future Intelligent Electric Inc.	$	(36,029)	$	(124,676)	$	(74,885)	$	(134,954)
Less: Deemed Dividend	(137)		—		(222)		—
Net loss available to common stockholders	$	(36,166)	$	(124,676)	$	(75,107)	$	(134,954)

Weighted average shares used in computing net loss per share of Class A and B Common Stock:
Basic	2,080,711		691,415		1,757,176		598,696
Diluted	2,080,711		691,415		1,757,176		598,696

Net loss per share of Class A and B Common Stock attributable to common stockholders:
Basic	$	(17.38)	$	(180.32)	$	(42.74)	$	(225.41)
Diluted	$	(17.38)	$	(180.32)	$	(42.74)	$	(225.41)

The net loss per common share was the same for the Class A Common Stock and Class B Common Stock because they are entitled to the same liquidation and dividend rights and are therefore combined in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss.

The Company reported net losses for all periods presented, resulting in all potentially dilutive Common Stock equivalents being considered antidilutive and excluded from the calculation of net loss per share. The Company’s Series B Preferred Stock is not convertible into Class A Common Stock and does not participate in the Company’s earnings and, therefore, is not a potentially dilutive security under ASC 260.

The table below presents the potentially dilutive shares that were excluded from the computation of diluted net loss per share of Common Stock attributable to Common Stock stockholders due to their antidilutive effect:


	As of June 30,
	2026	2025
Shares issuable upon conversion of SPA Portfolio Notes	1,672,590	242,888
Shares issuable upon conversion of Unsecured Convertible Notes	205,321	358
Shares issuable upon redemption of redeemable Notes and accrued and make-whole interest	1,466,050	—
Shares issuable upon exercise of equity classified SPA Portfolio Note warrants	50,344	—
Shares issuable upon exercise of liability classified SPA Portfolio Note warrants	46,659	376,629
Other warrants	43,963	38,512
Stock-based compensation awards – Options	699	16
Stock-based compensation awards – RSUs	41	988
Public warrants	17	17
Private warrants	1	1
	3,485,685	659,409