QS · Quantumscape Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $84.57M | - | $92.07M | $101.18M | $95.59M | - | $96.99M | $97.75M | $83.85M | - |
| SG&A | $24.61M | - | $22.92M | $22.41M | $27.99M | - | $33.16M | $36.71M | $48.05M | - |
| Total Operating Expenses | $109.18M | - | $114.99M | $123.59M | $123.58M | - | $130.16M | $134.46M | $131.90M | - |
| D&A | $14.76M | - | $14.90M | $12.90M | $18.34M | - | - | - | $11.98M | - |
| Operating Income | ($109.18M) | - | ($114.99M) | ($123.59M) | ($123.58M) | - | ($130.16M) | ($134.46M) | ($131.90M) | - |
| Interest Expense | $478.0K | - | $503.0K | $562.0K | $572.0K | - | $593.0K | $562.0K | $572.0K | - |
| Income Tax | $7.0K | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($100.80M) | - | ($105.82M) | ($114.70M) | ($114.42M) | - | ($119.57M) | ($122.97M) | ($120.65M) | - |
| EPS - Basic | ($0.16) | - | ($0.18) | ($0.20) | ($0.21) | - | ($0.23) | ($0.25) | ($0.24) | - |
| EPS - Diluted | ($0.16) | - | ($0.18) | ($0.20) | ($0.21) | - | ($0.23) | ($0.25) | ($0.24) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $145.07M | $230.52M | $225.83M | $172.45M | $153.56M | $140.87M | $174.71M | $196.39M | $192.32M | $142.52M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $7.36M | $11.82M | $6.45M | $6.48M | $7.79M | $6.47M | $9.63M | $15.23M | $11.51M | $12.96M |
| Current Assets | $915.88M | $981.64M | $1.02B | $806.24M | $871.48M | $922.29M | $853.71M | $973.47M | $1.05B | $1.08B |
| Total Assets | $1.23B | $1.31B | $1.34B | $1.17B | $1.26B | $1.32B | $1.27B | $1.40B | $1.46B | $1.50B |
| Current Liabilities | $43.77M | $61.55M | $48.04M | $49.17M | $52.31M | $64.88M | $60.69M | $112.40M | $100.67M | $57.09M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $119.42M | $139.18M | $127.48M | $143.59M | $150.29M | $164.55M | $161.35M | $214.70M | $204.32M | $161.80M |
| Stockholders' Equity | $1.11B | $1.17B | $1.22B | $1.02B | $1.11B | $1.16B | $1.11B | $1.18B | $1.26B | $1.34B |
| Retained Earnings | ($3.89B) | ($3.79B) | ($3.69B) | ($3.59B) | ($3.47B) | ($3.36B) | ($3.24B) | ($3.12B) | ($3.00B) | ($2.88B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($59.51M) | - | - | - | ($60.75M) | - | - | - | ($57.95M) | - |
| Investing Cash Flow | ($25.69M) | - | - | - | $62.03M | - | - | - | $106.50M | - |
| Financing Cash Flow | ($256.0K) | - | - | - | $11.40M | - | - | - | $1.24M | - |
| CapEx | $9.98M | - | - | - | $5.83M | - | - | - | $14.12M | - |
| Free Cash Flow | ($69.49M) | - | - | - | ($66.58M) | - | - | - | ($72.06M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.69 | - | - | - | 0.58 | - | - | - | 0.60 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.2% | - | -7.9% | -9.8% | -9.1% | - | -9.4% | -8.8% | -8.2% | - |
| Return on equity | -9.1% | - | -8.7% | -11.2% | -10.3% | - | -10.8% | -10.4% | -9.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 20.93 | 15.95 | 21.14 | 16.40 | 16.66 | 14.21 | 14.07 | 8.66 | 10.38 | 18.98 |
| Quick ratio | 20.93 | 15.95 | 21.14 | 16.40 | 16.66 | 14.21 | 14.07 | 8.66 | 10.38 | 18.98 |
| Cash ratio | 3.31 | 3.75 | 4.70 | 3.51 | 2.94 | 2.17 | 2.88 | 1.75 | 1.91 | 2.50 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -228.4x | - | -228.6x | -219.9x | -216.0x | - | -219.5x | -239.2x | -230.6x | - |
| Equity multiplier | 1.11 | 1.12 | 1.10 | 1.14 | 1.14 | 1.14 | 1.15 | 1.18 | 1.16 | 1.12 |
| Liabilities / Assets | 0.10 | 0.11 | 0.09 | 0.12 | 0.12 | 0.12 | 0.13 | 0.15 | 0.14 | 0.11 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 3.5x | - | 6.0x | 3.7x | 2.1x | - | 2.6x | 2.1x | 2.5x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 11.6% | - | 11.7% | 8.1% | 6.3% | - | -7.7% | -8.8% | -19.9% | - |
| Net income growth (YoY) | 11.9% | - | 11.5% | 6.7% | 5.2% | - | -8.1% | -5.5% | -15.3% | - |
| EPS growth (YoY) | 23.8% | - | 21.7% | 20.0% | 12.5% | - | 0.0% | 3.8% | -14.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -4.4% | - | - | - | 7.6% | - | - | - | 20.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 0.1% | 1.0% | 9.5% | -13.2% | -11.9% | -13.5% | -21.3% | -0.8% | 0.1% | 1.6% |
Peer comparison
Same SIC group: Miscellaneous Electrical Machinery, Equipment & Supplies
Comparing QuantumScape Corp against the 5 most active filers in the same SIC group.