NASDAQ : SLDP

Solid Power, Inc. — Financial statements

Consumer Discretionary · Auto Parts · United States

Last price 2.03 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 463.21M

Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports

Financial statements

Solid Power, Inc. (SLDP) reported revenue of 7.39M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue7.39M17.91M20.14M17.41M11.79M2.71M
Cost of Revenue15.16M20.65M20.28M27.73M9.59M3.07M
Gross Profit-7.77M-2.74M-145.00K-10.32M2.20M-361.00K
Selling, General & Admin31.14M29.42M31.85M25.55M22.72M9.08M
Research & Development71.51M71.77M73.34M54.75M38.59M17.10M
Other Operating Expenses-3.60M-3.83M
Operating Expenses99.05M97.35M105.19M80.30M61.32M26.18M
Operating Income-106.82M-100.08M-105.33M-90.62M-59.12M-26.55M
Interest Expense-216.00K-25.00K-46.00K-84.00K-42.00K-394.00K
Interest & Investment Income14.55M13.20M17.67M20.27M8.48M56.00K
Earnings From Equity Investments-545.00K65.00K-133.00K
Other Non Operating Income (Expenses)4.55M-5.28M-4.77M4.89M40.90M44.95M
EBT Excluding Unusual Items-88.48M-92.12M-92.61M-65.55M-9.78M18.07M
Gain (Loss) on Sale of Assets-554.00K-554.00K-1.96M
Asset Writedown-748.00K-748.00K
Other Unusual Items-760.00K
Pretax Income-89.78M-93.42M-95.33M-65.55M-9.78M18.07M
Income Tax Expense-9.00K-8.00K1.19M-227.00K-25.00K
Net Income-89.77M-93.41M-96.52M-65.55M-9.55M18.09M
Preferred Dividends & Other Adjustments5.44M
Net Income to Common-89.77M-93.41M-96.52M-65.55M-9.55M12.66M
Shares Outstanding (Basic)205.30M184.90M179.40M178.01M174.37M95.48M
Shares Outstanding (Diluted)205.30M184.90M179.40M178.01M174.37M114.91M
EPS (Basic)-0.44-0.51-0.54-0.37-0.050.13
EPS (Diluted)-0.44-0.51-0.54-0.37-0.050.11
Free Cash Flow-72.93M-83.60M-79.84M-92.77M-92.12M-38.06M
Free Cash Flow Per Share-0.35-0.45-0.45-0.52-0.53-0.33
Gross Margin-105.06%-15.27%-0.72%-59.28%18.64%-13.31%
Operating Margin-1,445.06%-558.72%-523.03%-520.50%-501.48%-978.83%
Profit Margin-1,214.43%-521.47%-479.27%-376.50%-81.05%466.67%
Free Cash Flow Margin-986.61%-466.71%-396.45%-532.87%-781.41%-1,403.28%
EBITDA-88.05M-81.66M-88.87M-78.66M-53.94M-24.19M
D&A For EBITDA18.77M18.42M16.46M11.96M5.18M2.36M
EBIT-106.82M-100.08M-105.33M-90.62M-59.12M-26.55M
Revenue as Reported11.00M21.75M20.14M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents24.28M21.61M25.41M34.54M50.12M513.45M
Short-Term Investments218.15M229.18M92.78M141.50M272.96M75.89M
Cash & Short-Term Investments242.44M250.78M118.20M176.04M323.08M589.33M
Accounts Receivable3.19M9.64M1.39M1.55M1.84M829.00K
Receivables3.19M9.64M1.39M1.55M1.84M829.00K
Prepaid Expenses5.76M7.00M5.65M5.52M2.89M4.22M
Total Current Assets251.38M267.43M125.24M183.12M327.81M594.38M
Property, Plant & Equipment90.46M93.05M104.70M107.40M91.41M22.08M
Long-Term Investments177.87M87.00M210.40M239.57M172.97M
Other Intangible Assets2.16M2.17M2.07M1.65M1.11M619.00K
Other Long-Term Assets880.00K1.06M1.58M1.06M1.15M602.00K
Total Assets527.07M455.09M448.25M532.79M594.45M617.68M
Accounts Payable6.94M8.34M8.41M6.46M11.33M4.33M
Accrued Expenses6.05M7.04M7.58M7.59M4.53M3.42M
Current Portion of Long-Term Debt7.00K120.00K
Current Portion of Leases990.00K1.04M833.00K1.00M822.00K
Current Unearned Revenue1.24M370.00K3.15M829.00K4.05M500.00K
Total Current Liabilities17.21M16.80M19.97M15.88M20.73M8.37M
Long-Term Debt10.00K
Long-Term Leases6.71M7.22M8.02M8.55M9.22M
Long-Term Deferred Tax Liabilities226.00K
Other Long-Term Liabilities1.40M15.38M9.98M5.03M9.12M50.41M
Total Liabilities25.32M39.39M37.97M29.46M39.07M59.02M
Common Stock23.00K20.00K18.00K18.00K18.00K17.00K
Additional Paid-In Capital814.96M690.23M591.39M588.51M577.60M568.18M
Retained Earnings-311.63M-274.90M-181.17M-84.64M-19.09M-9.54M
Comprehensive Income & Other-1.60M354.00K39.00K-559.00K-3.16M
Total Common Equity501.74M415.70M410.28M503.33M555.37M558.66M
Shareholders' Equity501.74M415.70M410.28M503.33M555.37M558.66M
Total Liabilities & Equity527.07M455.09M448.25M532.79M594.45M617.68M
Total Debt7.71M8.26M8.86M9.55M10.05M130.00K
Net Cash (Debt)234.73M242.53M109.34M166.49M313.03M589.20M
Net Cash Per Share1.141.310.610.941.805.13
Filing Date Shares Outstanding228.18M220.58M181.99M181.09M176.78M172.65M
Total Common Shares Outstanding227.22M201.18M180.36M179.01M176.01M167.56M
Working Capital234.17M250.63M105.27M167.24M307.07M586.01M
Book Value Per Share2.212.072.272.813.163.33
Tangible Book Value499.58M413.54M408.21M501.69M554.26M558.05M
Tangible Book Value Per Share2.202.062.262.803.153.33
Machinery65.16M63.20M58.66M49.91M26.36M11.19M
Construction In Progress12.03M6.86M5.14M13.65M40.04M12.68M
Leasehold Improvements73.33M73.37M73.11M59.11M28.00M4.67M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-89.77M-93.41M-96.52M-65.55M-9.55M18.09M
Depreciation & Amortization19.99M19.79M17.36M12.73M5.92M2.36M
Loss (Gain) From Sale of Assets178.00K554.00K1.96M11.00K11.00K
Asset Writedown & Restructuring Costs748.00K748.00K
Loss (Gain) From Sale of Investments-3.71M-4.69M-7.80M-10.97M-3.12M
Loss (Gain) on Equity Investments545.00K-65.00K133.00K
Stock-Based Compensation10.85M8.99M11.97M10.37M8.67M2.71M
Other Operating Activities-4.15M5.16M5.32M-4.72M-41.13M-48.31M
Change in Accounts Receivable4.47M-7.21M160.00K288.00K-1.01M-552.00K
Change in Accounts Payable-38.00K1.42M1.27M1.81M-1.11M778.00K
Change in Unearned Revenue875.00K-2.78M2.32M-3.22M3.55M462.00K
Change in Other Net Operating Assets187.00K-1.90M-72.00K999.00K3.94M-990.00K
Operating Cash Flow-59.83M-73.39M-63.90M-58.26M-33.82M-25.44M
Capital Expenditures-13.10M-10.21M-15.94M-34.51M-58.30M-12.62M
Sale of Property, Plant & Equipment20.00K20.00K77.00K
Sale (Purchase) of Intangibles-228.00K-873.00K-438.00K-556.00K-498.00K-381.00K
Investment in Securities-141.43M-8.84M86.12M77.57M-371.19M-75.89M
Other Investing Activities142.00K-5.61M
Investing Cash Flow-154.59M-19.90M64.20M42.50M-429.99M-88.88M
Long-Term Debt Issued5.83M
Long-Term Debt Repaid-284.00K-427.00K-369.00K-263.00K-3.56M
Net Debt Issued (Repaid)-210.00K-284.00K-427.00K-369.00K-263.00K2.28M
Issuance of Common Stock94.58M95.02M685.00K654.00K818.00K121.00K
Repurchase of Common Stock-2.63M-4.62M-9.69M-112.00K-58.00K
Other Financing Activities120.72M-624.00K-12.00K490.86M
Financing Cash Flow212.46M89.48M-9.43M173.00K485.00K622.80M
Net Cash Flow-1.96M-3.81M-9.12M-15.59M-463.32M508.47M
Free Cash Flow-72.93M-83.60M-79.84M-92.77M-92.12M-38.06M
Free Cash Flow Margin-986.61%-466.71%-396.45%-532.87%-781.41%-1,403.28%
Free Cash Flow Per Share-0.35-0.45-0.45-0.52-0.53-0.33
Levered Free Cash Flow-44.83M-57.85M-48.61M-76.04M-69.20M-21.67M
Unlevered Free Cash Flow-44.70M-57.84M-48.58M-75.98M-69.18M-21.42M
Cash Interest Paid217.00K26.00K46.00K84.00K42.00K144.00K
Change in Working Capital5.49M-10.47M3.68M-121.00K5.38M-302.00K

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization449.52M811.85M340.93M258.73M446.57M1.46B
Enterprise Value214.79M569.16M217.73M74.90M86.66M1.87B
Last Close Price1.974.251.891.452.548.74
PE Ratio115.71
PS Ratio60.8145.3216.9314.8637.88539.99
PB Ratio0.891.950.830.510.802.62
P/TBV Ratio0.901.960.830.520.812.62
EV/Sales Ratio29.0631.7710.814.307.35688.55
Debt / Equity Ratio0.010.020.020.020.020.00
Net Debt / Equity Ratio-0.47-0.58-0.27-0.33-0.56-1.05
Net Debt / EBITDA Ratio2.672.971.232.125.8024.36
Net Debt / FCF Ratio3.222.901.371.793.4015.48
Asset Turnover0.020.040.040.030.020.01
Quick Ratio14.2815.515.9911.1815.6770.54
Current Ratio14.6115.926.2711.5315.8171.05
Return on Equity (ROE)-20.58%-22.62%-21.13%-12.38%-1.71%6.43%
Return on Assets (ROA)-14.43%-13.85%-13.42%-10.05%-6.10%-5.25%
Return on Capital Employed (ROCE)-21.00%-22.80%-24.60%-17.50%-10.30%-4.40%
Earnings Yield-22.20%-11.51%-28.31%-25.33%-2.14%1.23%
FCF Yield-16.22%-10.30%-23.42%-35.86%-20.63%-2.60%
Buyback Yield / Dilution-13.90%-3.07%-0.78%-2.08%-51.75%-65.99%