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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | $375.61M | $382.97M | $347.94M | $297.44M | $151.50M | $65.10M |
| SG&A | $97.00M | $142.24M | $131.09M | $123.18M | $63.77M | $15.92M |
| Total Operating Expenses | $472.60M | $525.21M | $479.03M | $420.62M | $215.27M | $81.02M |
| D&A | $65.57M | $57.78M | $41.96M | $28.28M | $11.21M | $7.51M |
| Operating Income | ($472.60M) | ($525.21M) | ($479.03M) | ($420.62M) | ($215.27M) | ($81.02M) |
| Interest Expense | $2.04M | $2.22M | $2.38M | $2.40M | $1.42M | $20.77M |
| Income Tax | $1.54M | $0 | $0 | $0 | $0 | $0 |
| Net Income | ($435.05M) | ($477.86M) | ($445.14M) | ($411.91M) | ($45.97M) | ($1.10B) |
| EPS - Basic | ($0.76) | ($0.94) | ($0.96) | ($0.95) | ($6.67) | - |
| EPS - Diluted | ($0.76) | ($0.94) | ($0.96) | ($0.95) | ($6.67) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $230.52M | $140.87M | $142.52M | $235.39M | $320.70M | $113.22M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $11.82M | $6.47M | $12.96M | $21.42M | $14.18M | $5.38M |
| Current Assets | $981.64M | $922.29M | $1.08B | $1.07B | $1.46B | $131.18M |
| Total Assets | $1.31B | $1.32B | $1.50B | $1.48B | $1.72B | $172.38M |
| Current Liabilities | $61.55M | $64.88M | $57.09M | $46.81M | $30.61M | $7.22M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $139.18M | $164.55M | $161.80M | $155.86M | $107.06M | $21.98M |
| Stockholders' Equity | $1.17B | $1.16B | $1.34B | $1.32B | $1.61B | $191.23M |
| Retained Earnings | ($3.79B) | ($3.36B) | ($2.88B) | ($2.44B) | ($2.02B) | ($1.40B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($242.47M) | ($274.56M) | ($240.03M) | ($218.02M) | ($127.91M) | ($61.26M) |
| Investing Cash Flow | $14.93M | $128.87M | ($152.53M) | $124.12M | ($385.83M) | ($802.65M) |
| Financing Cash Flow | $312.81M | $144.03M | $300.21M | $8.60M | $736.56M | $953.72M |
| CapEx | $36.28M | $62.13M | $84.51M | $158.84M | $127.18M | $24.09M |
| Free Cash Flow | ($278.75M) | ($336.69M) | ($324.54M) | ($376.87M) | ($255.09M) | ($85.36M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 0.64 | 0.70 | 0.73 | 0.91 | 5.55 | 0.08 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -33.3% | -36.1% | -29.6% | -27.9% | -2.7% | -638.1% |
| Return on equity | -37.2% | -41.3% | -33.3% | -31.3% | -2.9% | -575.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 15.95 | 14.21 | 18.98 | 22.91 | 47.81 | 18.16 |
| Quick ratio | 15.95 | 14.21 | 18.98 | 22.91 | 47.81 | 18.16 |
| Cash ratio | 3.75 | 2.17 | 2.50 | 5.03 | 10.48 | 15.67 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -231.8x | -236.2x | -201.5x | -175.3x | -151.7x | -3.9x |
| Equity multiplier | 1.12 | 1.14 | 1.12 | 1.12 | 1.07 | 0.90 |
| Liabilities / Assets | 0.11 | 0.12 | 0.11 | 0.11 | 0.06 | 0.13 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 5.1x | 2.3x | 2.4x | 1.9x | 3.5x | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 10.0% | -9.6% | -13.9% | -95.4% | -165.7% | - |
| Net income growth (YoY) | 9.0% | -7.3% | -8.1% | -796.1% | 95.8% | - |
| EPS growth (YoY) | 19.1% | 2.1% | -1.1% | 85.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 17.2% | -3.7% | 13.9% | -47.7% | -198.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 1.0% | -13.5% | 1.6% | -18.0% | 740.3% | - |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Miscellaneous Electrical Machinery, Equipment & Supplies
Comparing QuantumScape Corp against the 5 most active filers in the same SIC group.