NASDAQ : QS
QuantumScape Corporation — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 4.06 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.53B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 90.43M | 97.00M | 117.74M | 131.09M | 123.18M | 63.77M |
| Research & Development | 347.56M | 375.61M | 382.97M | 347.94M | 297.44M | 151.50M |
| Operating Expenses | 437.98M | 472.60M | 500.71M | 479.03M | 420.62M | 215.27M |
| Operating Income | -437.98M | -472.60M | -500.71M | -479.03M | -420.62M | -215.27M |
| Interest Expense | -1.89M | -2.04M | -2.22M | -2.38M | -2.40M | -1.42M |
| Interest & Investment Income | 35.24M | 38.63M | 46.02M | 36.49M | 10.90M | 1.88M |
| Other Non Operating Income (Expenses) | 1.85M | 2.50M | 3.20M | -140.00K | 216.00K | 168.82M |
| EBT Excluding Unusual Items | -402.78M | -433.51M | -453.71M | -445.06M | -411.90M | -45.98M |
| Legal Settlements | -24.50M | |||||
| Pretax Income | -382.98M | -433.51M | -478.21M | -445.06M | -411.90M | -45.98M |
| Income Tax Expense | 645.00K | 1.54M | -269.00K | 20.00K | ||
| Earnings From Continuing Operations | -383.62M | -435.05M | -477.94M | -445.08M | -411.90M | -45.98M |
| Minority Interest in Earnings | 85.00K | -66.00K | -11.00K | 11.00K | ||
| Net Income | -383.62M | -435.05M | -477.86M | -445.14M | -411.91M | -45.97M |
| Net Income to Common | -383.62M | -435.05M | -477.86M | -445.14M | -411.91M | -45.97M |
| Shares Outstanding (Basic) | 613.42M | 575.95M | 508.10M | 462.24M | 432.97M | 404.26M |
| Shares Outstanding (Diluted) | 613.42M | 575.95M | 508.10M | 462.24M | 432.97M | 409.51M |
| EPS (Basic) | -0.63 | -0.76 | -0.94 | -0.96 | -0.95 | -0.11 |
| EPS (Diluted) | -0.63 | -0.76 | -0.94 | -0.96 | -0.95 | -0.52 |
| Free Cash Flow | -258.79M | -278.75M | -336.80M | -324.65M | -376.87M | -255.09M |
| Free Cash Flow Per Share | -0.42 | -0.48 | -0.66 | -0.70 | -0.87 | -0.62 |
| EBITDA | -383.58M | -407.03M | -442.93M | -437.07M | -392.34M | -204.06M |
| D&A For EBITDA | 54.40M | 65.57M | 57.78M | 41.96M | 28.28M | 11.21M |
| EBIT | -437.98M | -472.60M | -500.71M | -479.03M | -420.62M | -215.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 75.60M | 230.52M | 140.87M | 142.52M | 235.39M | 320.70M |
| Short-Term Investments | 744.18M | 740.28M | 769.90M | 928.28M | 826.34M | 1.13B |
| Cash & Short-Term Investments | 819.78M | 970.81M | 910.77M | 1.07B | 1.06B | 1.45B |
| Prepaid Expenses | 12.92M | 10.84M | 11.52M | 12.71M | 10.59M | 15.76M |
| Total Current Assets | 832.71M | 981.64M | 922.29M | 1.08B | 1.07B | 1.46B |
| Property, Plant & Equipment | 270.92M | 304.92M | 373.73M | 394.17M | 384.73M | 233.98M |
| Other Long-Term Assets | 15.45M | 21.59M | 26.38M | 24.29M | 18.35M | 18.23M |
| Total Assets | 1.12B | 1.31B | 1.32B | 1.50B | 1.48B | 1.72B |
| Accounts Payable | 6.00M | 11.82M | 6.47M | 12.96M | 21.42M | 14.18M |
| Accrued Expenses | 29.14M | 33.35M | 36.73M | 32.22M | 20.54M | 15.20M |
| Current Portion of Leases | 8.96M | 8.24M | 8.76M | 7.91M | 4.85M | 1.23M |
| Other Current Liabilities | 7.74M | 8.14M | 12.93M | 4.00M | ||
| Total Current Liabilities | 51.84M | 61.55M | 64.88M | 57.09M | 46.81M | 30.61M |
| Long-Term Leases | 56.09M | 62.76M | 84.78M | 92.72M | 100.56M | 76.14M |
| Other Long-Term Liabilities | 15.81M | 14.87M | 14.89M | 11.99M | 8.49M | 315.00K |
| Total Liabilities | 123.74M | 139.18M | 164.55M | 161.80M | 155.86M | 107.06M |
| Common Stock | 62.00K | 61.00K | 54.00K | 49.00K | 44.00K | 43.00K |
| Additional Paid-In Capital | 5.07B | 4.96B | 4.52B | 4.22B | 3.77B | 3.63B |
| Retained Earnings | -4.08B | -3.79B | -3.36B | -2.88B | -2.44B | -2.02B |
| Comprehensive Income & Other | -2.09M | 644.00K | 428.00K | -2.88M | -17.87M | -4.21M |
| Total Common Equity | 995.34M | 1.17B | 1.16B | 1.34B | 1.32B | 1.61B |
| Minority Interest | 1.77M | 1.70M | 1.69M | |||
| Shareholders' Equity | 995.34M | 1.17B | 1.16B | 1.34B | 1.32B | 1.61B |
| Total Liabilities & Equity | 1.12B | 1.31B | 1.32B | 1.50B | 1.48B | 1.72B |
| Total Debt | 65.05M | 71.00M | 93.54M | 100.63M | 105.42M | 77.37M |
| Net Cash (Debt) | 754.74M | 899.81M | 817.23M | 970.17M | 956.32M | 1.37B |
| Net Cash Per Share | 1.23 | 1.56 | 1.61 | 2.10 | 2.21 | 3.35 |
| Filing Date Shares Outstanding | 622.06M | 612.58M | 546.91M | 495.81M | 439.97M | 429.84M |
| Total Common Shares Outstanding | 622.06M | 607.63M | 542.55M | 493.03M | 437.96M | 428.32M |
| Working Capital | 780.86M | 920.10M | 857.40M | 1.03B | 1.03B | 1.43B |
| Book Value Per Share | 1.60 | 1.92 | 2.13 | 2.71 | 3.01 | 3.75 |
| Tangible Book Value | 995.34M | 1.17B | 1.16B | 1.34B | 1.32B | 1.61B |
| Tangible Book Value Per Share | 1.60 | 1.92 | 2.13 | 2.71 | 3.01 | 3.75 |
| Machinery | 285.02M | 291.09M | 277.18M | 231.73M | 185.17M | 84.81M |
| Construction In Progress | 34.11M | 41.78M | 61.94M | 89.66M | 108.58M | 101.42M |
| Leasehold Improvements | 114.51M | 110.69M | 115.88M | 99.52M | 72.20M | 23.19M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -383.62M | -435.05M | -477.86M | -445.14M | -411.91M | -45.97M |
| Depreciation & Amortization | 63.92M | 73.22M | 65.79M | 49.75M | 36.12M | 14.70M |
| Asset Writedown & Restructuring Costs | 6.77M | 26.57M | 13.35M | 21.53M | 13.70M | |
| Loss (Gain) From Sale of Investments | -16.77M | -18.97M | -29.31M | -18.91M | 3.99M | 11.85M |
| Stock-Based Compensation | 105.49M | 127.46M | 144.65M | 166.30M | 127.11M | 52.17M |
| Other Operating Activities | -1.57M | -4.04M | 24.00K | 535.00K | 851.00K | -167.79M |
| Change in Accounts Payable | 4.35M | -6.80M | 14.96M | -2.90M | 5.61M | 13.18M |
| Change in Other Net Operating Assets | -6.05M | -4.87M | -6.17M | -11.18M | 6.50M | -6.05M |
| Operating Cash Flow | -227.47M | -242.47M | -274.56M | -240.03M | -218.02M | -127.91M |
| Capital Expenditures | -31.32M | -36.28M | -62.25M | -84.62M | -158.84M | -127.18M |
| Investment in Securities | 47.88M | 48.82M | 191.00M | -68.02M | 282.96M | -258.66M |
| Other Investing Activities | 1.96M | 2.39M | 116.00K | 114.00K | ||
| Investing Cash Flow | 18.51M | 14.93M | 128.87M | -152.53M | 124.12M | -385.83M |
| Long-Term Debt Issued | 5.51M | |||||
| Long-Term Debt Repaid | -3.23M | -2.91M | -1.97M | -809.00K | ||
| Net Debt Issued (Repaid) | -3.49M | -3.23M | -2.91M | -1.97M | -809.00K | 5.51M |
| Issuance of Common Stock | 12.42M | 301.00M | 151.44M | 314.03M | 9.41M | 732.07M |
| Other Financing Activities | 48.28M | 15.04M | -4.50M | -11.85M | -1.02M | |
| Financing Cash Flow | 57.20M | 312.81M | 144.03M | 300.21M | 8.60M | 736.56M |
| Net Cash Flow | -151.75M | 85.27M | -1.66M | -92.34M | -85.31M | 222.81M |
| Free Cash Flow | -258.79M | -278.75M | -336.80M | -324.65M | -376.87M | -255.09M |
| Free Cash Flow Per Share | -0.42 | -0.48 | -0.66 | -0.70 | -0.87 | -0.62 |
| Levered Free Cash Flow | -135.07M | -134.38M | -158.00M | -164.35M | -242.25M | -181.62M |
| Unlevered Free Cash Flow | -133.89M | -133.10M | -156.61M | -162.87M | -240.75M | -180.74M |
| Cash Interest Paid | 1.89M | 2.04M | 2.22M | 1.78M | 1.61M | 330.00K |
| Change in Working Capital | -1.69M | -11.67M | 8.80M | -14.08M | 12.12M | 7.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.53B | 6.27B | 2.66B | 3.40B | 2.47B | 9.38B |
| Enterprise Value | 1.77B | 5.33B | 1.91B | 2.38B | 1.42B | 7.90B |
| Last Close Price | 4.06 | 10.42 | 5.19 | 6.95 | 5.67 | 22.19 |
| PB Ratio | 2.54 | 5.36 | 2.30 | 2.54 | 1.87 | 5.83 |
| P/TBV Ratio | 2.54 | 5.36 | 2.30 | 2.54 | 1.88 | 5.84 |
| Debt / Equity Ratio | 0.07 | 0.06 | 0.08 | 0.07 | 0.08 | 0.05 |
| Net Debt / Equity Ratio | -0.76 | -0.77 | -0.71 | -0.72 | -0.72 | -0.85 |
| Net Debt / EBITDA Ratio | 1.97 | 2.21 | 1.84 | 2.22 | 2.44 | 6.71 |
| Net Debt / FCF Ratio | 2.92 | 3.23 | 2.43 | 2.99 | 2.54 | 5.37 |
| Quick Ratio | 15.81 | 15.77 | 14.04 | 18.75 | 22.68 | 47.30 |
| Current Ratio | 16.06 | 15.95 | 14.21 | 18.98 | 22.91 | 47.81 |
| Return on Equity (ROE) | -34.70% | -37.39% | -38.27% | -33.47% | -28.13% | -4.69% |
| Return on Assets (ROA) | -22.23% | -22.46% | -22.16% | -20.11% | -16.48% | -9.67% |
| Return on Capital Employed (ROCE) | -41.00% | -37.90% | -39.80% | -33.20% | -29.40% | -12.80% |
| Earnings Yield | -15.40% | -6.94% | -17.97% | -13.08% | -16.66% | -0.49% |
| FCF Yield | -10.25% | -4.45% | -12.66% | -9.54% | -15.25% | -2.72% |
| Buyback Yield / Dilution | -10.28% | -13.35% | -9.92% | -6.76% | -5.73% | -62.41% |