SLDP · Solid Power, Inc. - 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 |
|---|---|---|---|---|---|
| Revenue | $21.75M | $20.14M | $17.41M | $11.79M | $2.10M |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| R&D | $72.51M | $73.34M | $54.75M | $38.59M | $9.59M |
| SG&A | $31.85M | $31.85M | $25.55M | $19.03M | $1.23M |
| Total Operating Expenses | $122.58M | $125.47M | $108.03M | $70.91M | $13.70M |
| D&A | $18.42M | $16.46M | $11.96M | $5.18M | $2.07M |
| Operating Income | ($100.83M) | ($105.33M) | ($90.62M) | ($59.12M) | ($11.59M) |
| Interest Expense | $25.0K | $46.0K | $84.0K | $42.0K | $361.0K |
| Income Tax | ($8.0K) | $1.19M | $2.0K | ($227.0K) | $118.0K |
| Net Income | ($93.41M) | ($96.52M) | ($65.55M) | ($9.55M) | ($14.38M) |
| EPS - Basic | ($0.51) | ($0.54) | ($0.37) | ($0.05) | ($0.21) |
| EPS - Diluted | ($0.51) | ($0.54) | ($0.37) | ($0.05) | ($0.21) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $21.61M | $25.41M | $34.54M | $50.12M | $4.97M |
| Accounts Receivable | $1.39M | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - |
| Current Assets | $267.43M | $125.24M | $183.12M | $327.81M | $5.48M |
| Total Assets | $455.09M | $448.25M | $532.79M | $594.45M | $14.21M |
| Current Liabilities | $16.80M | $19.97M | $15.88M | $20.73M | $1.84M |
| Long-term Debt | - | - | - | $7.0K | $1.49M |
| Total Liabilities | $38.92M | $37.94M | $29.46M | $39.07M | $10.34M |
| Stockholders' Equity | $415.70M | $410.28M | $503.33M | $555.37M | ($16.20M) |
| Retained Earnings | ($274.90M) | ($181.17M) | ($84.64M) | ($19.09M) | ($27.63M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($73.39M) | ($63.90M) | ($58.26M) | ($33.82M) | ($9.99M) |
| Investing Cash Flow | ($19.90M) | $64.20M | $42.50M | ($429.99M) | ($1.06M) |
| Financing Cash Flow | $89.48M | ($9.43M) | $173.0K | $485.0K | $5.39M |
| CapEx | $10.21M | $15.94M | $34.51M | $58.30M | $1.02M |
| Free Cash Flow | ($83.60M) | ($79.84M) | ($92.77M) | ($92.12M) | ($11.02M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | - | - | - | - |
| Operating margin | -463.7% | -523.0% | -520.5% | -501.5% | -551.3% |
| EBITDA margin | -378.9% | -441.3% | -451.8% | -457.6% | -453.0% |
| Net margin | -429.5% | -479.3% | -376.5% | -81.1% | -683.5% |
| Free cash flow margin | -384.4% | -396.4% | -532.9% | -781.4% | -523.8% |
| FCF / Net income | 0.90 | 0.83 | 1.42 | 9.64 | 0.77 |
| R&D / Revenue | 333.4% | 364.2% | 314.5% | 327.4% | 456.2% |
| SG&A / Revenue | 146.4% | 158.1% | 146.8% | 161.4% | 58.3% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -20.5% | -21.5% | -12.3% | -1.6% | -101.2% |
| Return on equity | -22.5% | -23.5% | -13.0% | -1.7% | 88.8% |
| Return on invested capital | - | - | - | -8.4% | - |
| Liquidity | |||||
| Current ratio | 15.92 | 6.27 | 11.53 | 15.81 | 2.97 |
| Quick ratio | 15.92 | 6.27 | 11.53 | 15.81 | 2.97 |
| Cash ratio | 1.29 | 1.27 | 2.18 | 2.42 | 2.70 |
| Leverage | |||||
| Debt / Equity | - | - | - | 0.00 | -0.09 |
| Debt / Assets | - | - | - | 0.00 | 0.10 |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -4033.3x | -2289.8x | -1078.8x | -1407.6x | -32.1x |
| Equity multiplier | 1.09 | 1.09 | 1.06 | 1.07 | -0.88 |
| Liabilities / Assets | 0.09 | 0.08 | 0.06 | 0.07 | 0.73 |
| Efficiency | |||||
| Asset turnover | 0.05 | 0.04 | 0.03 | 0.02 | 0.15 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 23d | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 8.0% | 15.7% | 47.7% | 460.6% | - |
| Revenue CAGR (3y) | 22.6% | 112.4% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - |
| Operating income growth (YoY) | 4.3% | -16.2% | -53.3% | -410.0% | - |
| Net income growth (YoY) | 3.2% | -47.2% | -586.0% | 33.5% | - |
| EPS growth (YoY) | 5.6% | -45.9% | -640.0% | 76.2% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -4.7% | 13.9% | -0.7% | -736.3% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | 1.3% | -18.5% | -9.4% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$17.91M totalNon Government Contract$15.79M · 88.1%
Government Contract$2.12M · 11.9%
Geographic
$8.23M totalKR$6.05M · 73.6%
US$2.17M · 26.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.73
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗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 Solid Power against the 5 most active filers in the same SIC group.