QuantumScape Corp (QS)
QuantumScape Corporation, along with its affiliated entities, specializes in the advancement and market launch of innovative solid-state lithium-metal batteries. These cutting-edge power solutions are primarily engineered for electric vehicles (EVs) but also serve a range of other uses within the United States. The company, established in 2010, has its main corporate office located in San Jose, California.
Sector: Miscellaneous Electrical Machinery, Equipment & Supplies
Industry: Auto - Parts
QuantumScape Corporation
NASDAQ:QSConsumer Cyclical · Auto - Parts
PrePre-market+2.58%$4.39
Close$4.28-0.23%AH$4.27+2.82%Now$4.39
Close$4.28+4.14%AH$4.27+2.82%since
Mkt Cap$2.65B
Float500.72M
O/S619.11M
PM VOL307K sh
$ Vol≈$1.35M
RVOL1.57×
Inst Own34.3%
SI21.9%
Dilution
Financials Summary
Revenue$0
Net Income-$435.05M
Total Assets$1.31B
Free Cash Flow-$278.75M
Debt & Equity
Debt 6%
Equity 94%
Total Debt$71M
Total Equity$1.17B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in QS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.31B
Liabilities$139.18M
Accounts Receivable$0
Accounts Payable$11.82M
Inventory$0
PP&E (Net)$304.92M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - |
| Cost of Revenue | $73.22M | $57.78M | $41.96M | $36.12M | $14.7M | $8.08M | $6.74M | $0 |
| Gross Profit | -$73.22M | -$57.78M | -$41.96M | -$36.12M | -$14.7M | -$8.08M | -$6.74M | $0 |
| Gross Margin | - | - | - | - | - | - | - | - |
| Research and Development | $375.61M | $311.84M | $284.46M | $269.15M | $140.29M | $58.25M | $40.37M | $35.63M |
| Selling, General, and Administrative | $97M | $142.24M | $131.09M | $115.34M | $60.28M | $14.69M | $8.71M | $9.27M |
| Other | -$73.22M | $0 | $0 | $0 | $0 | $0 | $0 | $551K |
| Total Operating Expenses | $399.38M | $454.08M | $415.54M | $384.5M | $200.57M | $72.94M | $49.08M | $45.45M |
| Operating Income (EBIT) | -$472.6M | -$511.86M | -$457.5M | -$420.62M | -$215.27M | -$81.02M | -$55.82M | -$45.45M |
| Operating Margin | - | - | - | - | - | - | - | - |
| Interest Expense | $2.04M | $2.22M | $2.38M | $2.4M | $1.42M | $20.77M | $94K | $0 |
| Interest Income | $38.63M | $46.02M | $36.49M | $10.9M | $1.88M | $1.09M | $3.61M | $607K |
| Other Income (Expense) | $39.1M | $33.92M | $12.42M | $8.72M | $169.29M | -$1.6B | $4.55M | $1.31M |
| Income Before Tax (EBT) | -$433.51M | -$477.94M | -$445.08M | -$411.9M | -$45.98M | -$1.68B | -$51.26M | -$44.14M |
| Income Tax Expense | $1.54M | $0 | $0 | $0 | $0 | $0 | $0 | $5K |
| Net Income | -$435.05M | -$477.86M | -$445.14M | -$411.91M | -$45.97M | -$1.68B | -$51.28M | -$44.15M |
| Net Income Margin | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||
| EPS | -0.76 | -0.94 | -0.96 | -0.95 | -0.12 | -6.67 | -0.21 | -3.97 |
| Diluted EPS | -0.76 | -0.94 | -0.96 | -0.95 | -0.52 | -6.67 | -0.21 | -3.97 |
| Weighted Average OS | 575.95M | 508.10M | 462.24M | 432.97M | 404.26M | 252.14M | 239.64M | 11.11M |
| EBITDA | -$358.25M | -$409.93M | -$392.95M | -$373.37M | -$29.86M | -$1.65B | -$45.4M | -$36.77M |
| EBITDA Margin | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $230.52M | $140.87M | $142.52M | $235.39M | $320.7M | $113.22M | $22.82M | $31.05M |
| Short-Term Investments | $740.28M | $769.9M | $928.28M | $826.34M | $1.13B | $884.34M | $107.1M | $148.16M |
| Cash and Short-Term Investments | $970.81M | $910.77M | $1.07B | $1.06B | $1.45B | $997.55M | $129.92M | $179.21M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $11.52M | $12.71M | $10.59M | $0 | $0 | $0 | $0 |
| Total Current Assets | $981.64M | $922.29M | $1.08B | $1.07B | $1.46B | $1.01B | $131.18M | $179.92M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $304.92M | $373.73M | $394.17M | $384.73M | $233.98M | $55.41M | $38.43M | $28.7M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $21.59M | $26.38M | $24.29M | $18.35M | $18.23M | $2.19M | $2.77M | $2.59M |
| Total Long-Term Assets | $326.51M | $400.11M | $418.46M | $403.08M | $252.22M | $57.6M | $41.21M | $31.3M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.31B | $1.32B | $1.5B | $1.48B | $1.72B | $1.07B | $172.38M | $211.21M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $11.82M | $6.47M | $12.96M | $21.42M | $14.18M | $5.38M | $2.85M | $757K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $26.97M | $32.21M | $26.04M | $13.06M | $9.12M | $2.39M | $1.99M | $4.33M |
| Total Current Liabilities | $61.55M | $64.88M | $57.09M | $46.81M | $30.61M | $12.35M | $7.22M | $5.09M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.36M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $14.87M | $14.89M | $11.99M | $8.49M | $315K | $689.7M | $2.3M | $1.08M |
| Total Long-Term Liabilities | $77.64M | $99.66M | $104.71M | $109.05M | $76.45M | $700.94M | $14.76M | $11.44M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $139.18M | $164.55M | $161.8M | $155.86M | $107.06M | $713.29M | $21.98M | $16.53M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $1.86M | $407.34M |
| Common Stock | $61K | $54K | $49K | $44K | $43K | $36K | $24K | $1K |
| Retained Earnings | -$3.79B | -$3.36B | -$2.88B | -$2.44B | -$2.02B | -$1.98B | -$295.86M | -$246.08M |
| Comprehensive Income & Other | $644K | $428K | -$2.88M | -$17.87M | -$4.21M | -$31K | $90K | -$31K |
| Other Stockholders' Equity | $4.96B | $4.52B | $4.22B | $3.75B | $3.63B | $2.33B | $444.53M | $439.08M |
| Total Equity | $1.17B | $1.16B | $1.34B | $1.32B | $1.61B | $351.77M | $148.69M | $193M |
| Minority Interest | $0 | $0 | $1.77M | $1.7M | $1.69M | $1.7M | $1.71M | $1.69M |
| Total Liabilities and Equity | $1.31B | $1.32B | $1.5B | $1.47B | $1.71B | $1.07B | $170.67M | $209.52M |
| Supplementary Data | ||||||||
| Total Debt | $71M | $93.54M | $100.63M | $105.42M | $77.37M | $12.46M | $13.54M | $10.36M |
| Net Debt | -$159.52M | -$47.33M | -$41.89M | -$129.98M | -$243.33M | -$100.75M | -$9.28M | -$20.69M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$435.05M | -$477.94M | -$445.08M | -$411.9M | -$45.98M | -$1.68B | -$51.26M | -$44.15M |
| Depreciation & Amortization | $73.22M | $65.79M | $49.75M | $36.12M | $14.7M | $8.08M | $5.86M | $5.68M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $127.46M | $144.65M | $166.3M | $127.11M | $52.17M | $17.02M | $6.81M | $5.88M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $14.96M | -$2.9M | $5.61M | $13.18M | $2.45M | $319K | $0 |
| Other Working Capital | -$11.67M | -$6.17M | -$11.18M | $6.5M | -$6.05M | -$10.73M | -$1.5M | -$174K |
| Total Working Capital Change | -$11.67M | $8.8M | -$14.08M | $12.12M | $7.12M | -$8.28M | -$1.18M | -$174K |
| Other Non-Cash Items | $3.56M | -$15.86M | $3.09M | $18.52M | -$155.93M | $1.6B | -$1.96M | -$2.96M |
| Net Cash from Operating | -$242.47M | -$274.56M | -$240.03M | -$218.02M | -$127.91M | -$61.26M | -$41.73M | -$35.72M |
| Investing Activities | ||||||||
| Capital Expenditures | -$36.28M | -$62.13M | -$84.51M | -$158.84M | -$127.18M | -$24.09M | -$9.85M | -$7.4M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$1.08B | -$1.3B | -$1.11B | -$569.55M | -$1.38B | -$891.56M | -$196.35M | $0 |
| Sales of Investments | $1.13B | $1.49B | $1.04B | $852.51M | $1.12B | $113.01M | $239.5M | $0 |
| Other Investing Activities | $2.39M | $0 | $0 | $0 | $0 | $0 | $0 | -$67.29M |
| Net Cash from Investing | $14.93M | $128.87M | -$152.53M | $124.12M | -$385.83M | -$802.65M | $33.3M | -$74.69M |
| Financing Activities | ||||||||
| Debt Repaid | $3.23M | $2.91M | $1.97M | $809K | -$5.51M | - | - | $578K |
| Common Stock Issuance | $296.51M | $128.53M | $288.16M | $9.41M | $562.86M | $99.8M | $394K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.19M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $19.53M | $18.41M | $14.02M | $0 | $168.19M | $677.46M | $0 | $125.52M |
| Net Cash from Financing | $312.81M | $144.03M | $300.21M | $8.6M | $736.56M | $953.72M | $394K | $120.76M |
| Forex Effect | $4.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $89.66M | -$1.66M | -$92.34M | -$85.31M | $222.81M | $89.81M | -$8.04M | $10.34M |
| Supplementary Data | ||||||||
| Operating Cash Flow | -$242.47M | -$274.56M | -$240.03M | -$218.02M | -$127.91M | -$61.26M | -$41.73M | -$35.72M |
| Capital Expenditure | -$36.28M | -$62.13M | -$84.51M | -$158.84M | -$127.18M | -$24.09M | -$9.85M | -$7.4M |
| Free Cash Flow | -$278.75M | -$336.69M | -$324.54M | -$376.87M | -$255.09M | -$85.36M | -$51.58M | -$43.12M |
| Cash at Beginning | $140.87M | $160.57M | $252.92M | $338.22M | $115.41M | $25.6M | $33.63M | $23.29M |
| Cash at End | $230.52M | $158.91M | $160.57M | $252.92M | $338.22M | $115.41M | $25.6M | $33.63M |