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Side-by-side financial comparison of BioXcel Therapeutics, Inc. (BTAI) and FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI). Click either name above to swap in a different company.

BioXcel Therapeutics, Inc. is the larger business by last-quarter revenue ($256.0K vs $129.0K, roughly 2.0× FARADAY FUTURE INTELLIGENT ELECTRIC INC.). BioXcel Therapeutics, Inc. runs the higher net margin — -4900.4% vs -26011.6%, a 21111.2% gap on every dollar of revenue. On growth, BioXcel Therapeutics, Inc. posted the faster year-over-year revenue change (-30.1% vs -45.1%).

BioXcel Therapeutics, Inc. is a clinical-stage biopharmaceutical firm that leverages artificial intelligence to accelerate drug discovery and development. Its core focus is on neuroscience and immuno-oncology therapies addressing unmet medical needs, primarily serving markets in North America with candidates targeting rare and hard-to-treat conditions.

Faraday Future Inc. is an American technology company founded in 2014 focused on the development of electric vehicles. Based in Los Angeles, California, it began producing vehicles in 2023 and markets them in the United States and China. The company delivered a total of 16 vehicles by January 2025. After two funding rounds in late 2024 totaling $60 million, the company announced it will pivot to selling rebadged Chinese vans.

BTAI vs FFAI — Head-to-Head

Bigger by revenue
BTAI
BTAI
2.0× larger
BTAI
$256.0K
$129.0K
FFAI
Growing faster (revenue YoY)
BTAI
BTAI
+15.1% gap
BTAI
-30.1%
-45.1%
FFAI
Higher net margin
BTAI
BTAI
21111.2% more per $
BTAI
-4900.4%
-26011.6%
FFAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTAI
BTAI
FFAI
FFAI
Revenue
$256.0K
$129.0K
Net Profit
$-12.5M
$-33.6M
Gross Margin
87.5%
-12111.6%
Operating Margin
-4016.4%
-25041.9%
Net Margin
-4900.4%
-26011.6%
Revenue YoY
-30.1%
-45.1%
Net Profit YoY
-15.5%
72.3%
EPS (diluted)
$0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BTAI
BTAI
FFAI
FFAI
Q4 25
$256.0K
$129.0K
Q3 25
$98.0K
Q2 25
$120.0K
Q1 25
$168.0K
$316.0K
Q4 24
$366.0K
$235.0K
Q3 24
$214.0K
Q2 24
$1.1M
$293.0K
Q1 24
$582.0K
Net Profit
BTAI
BTAI
FFAI
FFAI
Q4 25
$-12.5M
$-33.6M
Q3 25
$-30.9M
Q2 25
$-19.2M
Q1 25
$-7.3M
$-10.3M
Q4 24
$-10.9M
$-121.3M
Q3 24
$-13.7M
Q2 24
$-8.3M
$-108.7M
Q1 24
$-26.8M
Gross Margin
BTAI
BTAI
FFAI
FFAI
Q4 25
87.5%
-12111.6%
Q3 25
88.8%
Q2 25
10.8%
Q1 25
91.7%
-6666.1%
Q4 24
-127.0%
-8801.7%
Q3 24
-446.7%
Q2 24
94.4%
-7057.0%
Q1 24
86.3%
Operating Margin
BTAI
BTAI
FFAI
FFAI
Q4 25
-4016.4%
-25041.9%
Q3 25
-14518.4%
Q2 25
-13210.0%
Q1 25
-6011.3%
-13870.6%
Q4 24
-2866.9%
-12899.6%
Q3 24
-7146.3%
Q2 24
-1566.7%
-17272.7%
Q1 24
-4151.7%
Net Margin
BTAI
BTAI
FFAI
FFAI
Q4 25
-4900.4%
-26011.6%
Q3 25
-31541.8%
Q2 25
-15989.2%
Q1 25
-4317.9%
-3252.5%
Q4 24
-2966.9%
-51599.6%
Q3 24
-6378.5%
Q2 24
-751.7%
-37093.9%
Q1 24
-4603.3%
EPS (diluted)
BTAI
BTAI
FFAI
FFAI
Q4 25
$0.40
Q3 25
$-2.18
Q2 25
$-2.45
Q1 25
$-1.50
Q4 24
$-1.17
Q3 24
$-5.15
Q2 24
$-3.30
Q1 24
$-13.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTAI
BTAI
FFAI
FFAI
Cash + ST InvestmentsLiquidity on hand
$28.4M
$34.9M
Total DebtLower is stronger
$109.6M
Stockholders' EquityBook value
$-95.5M
$-27.3M
Total Assets
$44.9M
$277.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTAI
BTAI
FFAI
FFAI
Q4 25
$28.4M
$34.9M
Q3 25
$36.2M
Q2 25
$17.4M
Q1 25
$31.0M
$9.5M
Q4 24
$29.9M
$7.1M
Q3 24
$40.4M
Q2 24
$56.3M
$793.0K
Q1 24
$74.1M
Total Debt
BTAI
BTAI
FFAI
FFAI
Q4 25
$109.6M
Q3 25
$109.1M
Q2 25
$108.7M
Q1 25
$105.5M
Q4 24
$102.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BTAI
BTAI
FFAI
FFAI
Q4 25
$-95.5M
$-27.3M
Q3 25
$-88.9M
Q2 25
$-107.7M
Q1 25
$-90.2M
$139.8M
Q4 24
$-93.1M
$115.0M
Q3 24
$-85.6M
Q2 24
$-74.3M
$148.7M
Q1 24
$-72.4M
Total Assets
BTAI
BTAI
FFAI
FFAI
Q4 25
$44.9M
$277.9M
Q3 25
$44.8M
Q2 25
$25.8M
Q1 25
$38.6M
$410.6M
Q4 24
$38.3M
$425.4M
Q3 24
$48.9M
Q2 24
$65.4M
$457.9M
Q1 24
$82.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BTAI
BTAI
FFAI
FFAI
Operating Cash FlowLast quarter
$-14.2M
$-28.4M
Free Cash FlowOCF − Capex
$-29.5M
FCF MarginFCF / Revenue
-22886.8%
Capex IntensityCapex / Revenue
867.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-91.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTAI
BTAI
FFAI
FFAI
Q4 25
$-14.2M
$-28.4M
Q3 25
$-18.8M
Q2 25
$-12.6M
Q1 25
$-12.0M
$-20.3M
Q4 24
$-14.8M
$-18.4M
Q3 24
$-16.3M
Q2 24
$-23.2M
$-14.4M
Q1 24
$-17.7M
Free Cash Flow
BTAI
BTAI
FFAI
FFAI
Q4 25
$-29.5M
Q3 25
Q2 25
Q1 25
$-21.9M
Q4 24
$-25.3M
Q3 24
Q2 24
$-14.6M
Q1 24
FCF Margin
BTAI
BTAI
FFAI
FFAI
Q4 25
-22886.8%
Q3 25
Q2 25
Q1 25
-6918.7%
Q4 24
-10770.6%
Q3 24
Q2 24
-4993.5%
Q1 24
Capex Intensity
BTAI
BTAI
FFAI
FFAI
Q4 25
867.4%
Q3 25
0.0%
Q2 25
Q1 25
496.2%
Q4 24
2945.1%
Q3 24
0.0%
Q2 24
88.4%
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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