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

IGC Pharma, Inc. is the larger business by last-quarter revenue ($191.0K vs $129.0K, roughly 1.5× FARADAY FUTURE INTELLIGENT ELECTRIC INC.). IGC Pharma, Inc. runs the higher net margin — -953.4% vs -26011.6%, a 25058.2% gap on every dollar of revenue. On growth, FARADAY FUTURE INTELLIGENT ELECTRIC INC. posted the faster year-over-year revenue change (-45.1% vs -53.6%). IGC Pharma, Inc. produced more free cash flow last quarter ($-2.1M vs $-29.5M).

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.

IGC Pharma, Inc. is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative cannabinoid-derived therapeutics. Its core pipeline targets treatments for neurodegenerative conditions, pain and rare diseases, with primary operations in North America and ongoing global market expansion.

FFAI vs IGC — Head-to-Head

Bigger by revenue
IGC
IGC
1.5× larger
IGC
$191.0K
$129.0K
FFAI
Growing faster (revenue YoY)
FFAI
FFAI
+8.5% gap
FFAI
-45.1%
-53.6%
IGC
Higher net margin
IGC
IGC
25058.2% more per $
IGC
-953.4%
-26011.6%
FFAI
More free cash flow
IGC
IGC
$27.4M more FCF
IGC
$-2.1M
$-29.5M
FFAI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FFAI
FFAI
IGC
IGC
Revenue
$129.0K
$191.0K
Net Profit
$-33.6M
$-1.8M
Gross Margin
-12111.6%
51.8%
Operating Margin
-25041.9%
-1517.8%
Net Margin
-26011.6%
-953.4%
Revenue YoY
-45.1%
-53.6%
Net Profit YoY
72.3%
-6.1%
EPS (diluted)
$-0.02

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
FFAI
FFAI
IGC
IGC
Q4 25
$129.0K
Q3 25
$191.0K
Q2 25
$328.0K
Q1 25
$316.0K
Q4 24
$235.0K
$257.0K
Q3 24
$412.0K
Q2 24
$293.0K
$272.0K
Q1 24
$295.0K
Net Profit
FFAI
FFAI
IGC
IGC
Q4 25
$-33.6M
Q3 25
$-1.8M
Q2 25
$-1.6M
Q1 25
$-10.3M
Q4 24
$-121.3M
$-1.8M
Q3 24
$-1.7M
Q2 24
$-108.7M
$-2.4M
Q1 24
$-2.9M
Gross Margin
FFAI
FFAI
IGC
IGC
Q4 25
-12111.6%
Q3 25
51.8%
Q2 25
47.0%
Q1 25
-6666.1%
Q4 24
-8801.7%
40.5%
Q3 24
48.1%
Q2 24
-7057.0%
59.9%
Q1 24
58.0%
Operating Margin
FFAI
FFAI
IGC
IGC
Q4 25
-25041.9%
Q3 25
-1517.8%
Q2 25
-580.8%
Q1 25
-13870.6%
Q4 24
-12899.6%
-730.7%
Q3 24
-427.2%
Q2 24
-17272.7%
-880.9%
Q1 24
-735.6%
Net Margin
FFAI
FFAI
IGC
IGC
Q4 25
-26011.6%
Q3 25
-953.4%
Q2 25
-487.5%
Q1 25
-3252.5%
Q4 24
-51599.6%
-711.7%
Q3 24
-416.7%
Q2 24
-37093.9%
-874.3%
Q1 24
-978.0%
EPS (diluted)
FFAI
FFAI
IGC
IGC
Q4 25
Q3 25
$-0.02
Q2 25
$-0.02
Q1 25
Q4 24
$-0.02
Q3 24
$-0.02
Q2 24
$-0.03
Q1 24

Balance Sheet & Financial Strength

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

Metric
FFAI
FFAI
IGC
IGC
Cash + ST InvestmentsLiquidity on hand
$34.9M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-27.3M
$8.1M
Total Assets
$277.9M
$9.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFAI
FFAI
IGC
IGC
Q4 25
$34.9M
Q3 25
$1.1M
Q2 25
$454.0K
Q1 25
$9.5M
Q4 24
$7.1M
$470.0K
Q3 24
$1.5M
Q2 24
$793.0K
$1.8M
Q1 24
$1.2M
Stockholders' Equity
FFAI
FFAI
IGC
IGC
Q4 25
$-27.3M
Q3 25
$8.1M
Q2 25
$6.1M
Q1 25
$139.8M
Q4 24
$115.0M
$6.3M
Q3 24
$7.4M
Q2 24
$148.7M
$7.9M
Q1 24
Total Assets
FFAI
FFAI
IGC
IGC
Q4 25
$277.9M
Q3 25
$9.7M
Q2 25
$7.9M
Q1 25
$410.6M
Q4 24
$425.4M
$9.1M
Q3 24
$10.4M
Q2 24
$457.9M
$10.6M
Q1 24
$9.9M

Cash Flow & Capital Efficiency

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

Metric
FFAI
FFAI
IGC
IGC
Operating Cash FlowLast quarter
$-28.4M
$-2.1M
Free Cash FlowOCF − Capex
$-29.5M
$-2.1M
FCF MarginFCF / Revenue
-22886.8%
-1109.4%
Capex IntensityCapex / Revenue
867.4%
15.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-91.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFAI
FFAI
IGC
IGC
Q4 25
$-28.4M
Q3 25
$-2.1M
Q2 25
$-1.4M
Q1 25
$-20.3M
Q4 24
$-18.4M
Q3 24
$-996.0K
Q2 24
$-14.4M
$-1.8M
Q1 24
$-526.0K
Free Cash Flow
FFAI
FFAI
IGC
IGC
Q4 25
$-29.5M
Q3 25
$-2.1M
Q2 25
$-1.4M
Q1 25
$-21.9M
Q4 24
$-25.3M
Q3 24
$-1.0M
Q2 24
$-14.6M
$-1.8M
Q1 24
$-541.0K
FCF Margin
FFAI
FFAI
IGC
IGC
Q4 25
-22886.8%
Q3 25
-1109.4%
Q2 25
-431.4%
Q1 25
-6918.7%
Q4 24
-10770.6%
Q3 24
-248.8%
Q2 24
-4993.5%
-658.1%
Q1 24
-183.4%
Capex Intensity
FFAI
FFAI
IGC
IGC
Q4 25
867.4%
Q3 25
15.2%
Q2 25
2.4%
Q1 25
496.2%
Q4 24
2945.1%
Q3 24
7.0%
Q2 24
88.4%
14.0%
Q1 24
5.1%

Financial Flow Comparison

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

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