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

FARADAY FUTURE INTELLIGENT ELECTRIC INC. is the larger business by last-quarter revenue ($129.0K vs $92.8K, roughly 1.4× Dermata Therapeutics, Inc.). Dermata Therapeutics, Inc. runs the higher net margin — -1853.3% vs -26011.6%, a 24158.4% gap on every dollar of revenue. On growth, Dermata Therapeutics, Inc. posted the faster year-over-year revenue change (531.8% vs -45.1%).

Dermata Therapeutics, Inc. is a clinical-stage biopharmaceutical firm developing novel targeted therapies for dermatological diseases including acne, psoriasis and inflammatory skin disorders. It serves U.S. patients and healthcare providers, advancing pipeline candidates through trials to address unmet dermatological care needs.

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.

DRMA vs FFAI — Head-to-Head

Bigger by revenue
FFAI
FFAI
1.4× larger
FFAI
$129.0K
$92.8K
DRMA
Growing faster (revenue YoY)
DRMA
DRMA
+576.9% gap
DRMA
531.8%
-45.1%
FFAI
Higher net margin
DRMA
DRMA
24158.4% more per $
DRMA
-1853.3%
-26011.6%
FFAI

Income Statement — Q3 FY2023 vs Q4 FY2025

Metric
DRMA
DRMA
FFAI
FFAI
Revenue
$92.8K
$129.0K
Net Profit
$-1.7M
$-33.6M
Gross Margin
-12111.6%
Operating Margin
-1953.3%
-25041.9%
Net Margin
-1853.3%
-26011.6%
Revenue YoY
531.8%
-45.1%
Net Profit YoY
29.1%
72.3%
EPS (diluted)

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
DRMA
DRMA
FFAI
FFAI
Q4 25
$129.0K
Q1 25
$316.0K
Q4 24
$235.0K
Q2 24
$293.0K
Q4 23
$233.0K
Q3 23
$92.8K
$551.0K
Q2 23
$31.1K
$0
Q1 23
$37.5K
$0
Net Profit
DRMA
DRMA
FFAI
FFAI
Q4 25
$-33.6M
Q1 25
$-10.3M
Q4 24
$-121.3M
Q2 24
$-108.7M
Q4 23
$-83.8M
Q3 23
$-1.7M
$-78.0M
Q2 23
$-1.7M
$-124.9M
Q1 23
$-2.2M
$-145.0M
Gross Margin
DRMA
DRMA
FFAI
FFAI
Q4 25
-12111.6%
Q1 25
-6666.1%
Q4 24
-8801.7%
Q2 24
-7057.0%
Q4 23
-8424.9%
Q3 23
-2827.6%
Q2 23
Q1 23
Operating Margin
DRMA
DRMA
FFAI
FFAI
Q4 25
-25041.9%
Q1 25
-13870.6%
Q4 24
-12899.6%
Q2 24
-17272.7%
Q4 23
-29090.1%
Q3 23
-1953.3%
-12059.3%
Q2 23
-5579.4%
Q1 23
-6067.3%
Net Margin
DRMA
DRMA
FFAI
FFAI
Q4 25
-26011.6%
Q1 25
-3252.5%
Q4 24
-51599.6%
Q2 24
-37093.9%
Q4 23
-35964.4%
Q3 23
-1853.3%
-14164.4%
Q2 23
-5479.4%
Q1 23
-5967.3%
EPS (diluted)
DRMA
DRMA
FFAI
FFAI
Q4 25
Q1 25
Q4 24
Q2 24
Q4 23
Q3 23
Q2 23
Q1 23
$-0.07

Balance Sheet & Financial Strength

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

Metric
DRMA
DRMA
FFAI
FFAI
Cash + ST InvestmentsLiquidity on hand
$6.6M
$34.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.4M
$-27.3M
Total Assets
$7.3M
$277.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRMA
DRMA
FFAI
FFAI
Q4 25
$34.9M
Q1 25
$9.5M
Q4 24
$7.1M
Q2 24
$793.0K
Q4 23
$1.9M
Q3 23
$6.6M
$6.7M
Q2 23
$8.4M
$17.9M
Q1 23
$8.8M
$31.8M
Stockholders' Equity
DRMA
DRMA
FFAI
FFAI
Q4 25
$-27.3M
Q1 25
$139.8M
Q4 24
$115.0M
Q2 24
$148.7M
Q4 23
$228.2M
Q3 23
$6.4M
$261.8M
Q2 23
$8.0M
$277.7M
Q1 23
$8.1M
$255.8M
Total Assets
DRMA
DRMA
FFAI
FFAI
Q4 25
$277.9M
Q1 25
$410.6M
Q4 24
$425.4M
Q2 24
$457.9M
Q4 23
$530.5M
Q3 23
$7.3M
$579.5M
Q2 23
$8.7M
$567.5M
Q1 23
$9.3M
$575.9M

Cash Flow & Capital Efficiency

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

Metric
DRMA
DRMA
FFAI
FFAI
Operating Cash FlowLast quarter
$-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
DRMA
DRMA
FFAI
FFAI
Q4 25
$-28.4M
Q1 25
$-20.3M
Q4 24
$-18.4M
Q2 24
$-14.4M
Q4 23
$-37.8M
Q3 23
$-79.7M
Q2 23
$-57.7M
Q1 23
$-1.6M
$-103.0M
Free Cash Flow
DRMA
DRMA
FFAI
FFAI
Q4 25
$-29.5M
Q1 25
$-21.9M
Q4 24
$-25.3M
Q2 24
$-14.6M
Q4 23
$-58.1M
Q3 23
$-94.7M
Q2 23
$-66.7M
Q1 23
$-119.9M
FCF Margin
DRMA
DRMA
FFAI
FFAI
Q4 25
-22886.8%
Q1 25
-6918.7%
Q4 24
-10770.6%
Q2 24
-4993.5%
Q4 23
-24923.2%
Q3 23
-17181.1%
Q2 23
Q1 23
Capex Intensity
DRMA
DRMA
FFAI
FFAI
Q4 25
867.4%
Q1 25
496.2%
Q4 24
2945.1%
Q2 24
88.4%
Q4 23
8696.6%
Q3 23
2723.4%
Q2 23
Q1 23

Financial Flow Comparison

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

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