QuantumScape Corporation (QS) 10-Year Financial Performance & Capital Metrics

QS • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentPowertrain & Drivetrain SystemsTransmission & Gear Systems

AboutQuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.Show more

Revenue $0
EBITDA -$454M -9.3%
Net Income -$478M -7.3%
EPS (Diluted) -0.94 +2.1%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -38.26% -14.3%
ROIC -31.87% -15.6%
Debt/Equity 0.08 +7.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 82 (top 18%)

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM5.65%

EPS CAGR

10Y-

5Y-

3Y-

TTM13.68%

ROCE

10Y Avg-25.2%

5Y Avg-25.15%

3Y Avg-32.25%

Latest-37.88%

Peer Comparison

Transmission & Gear Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PHINPHINIA Inc.	2.7B	70.12	39.84	-2.77%	2.63%	5.67%	7.53%	0.66
BWABorgWarner Inc.	10.4B	48.60	32.40	-0.81%	0.95%	2.18%	6.55%	0.76
GTXGarrett Motion Inc.	3.74B	19.22	15.25	-10.58%	9.22%		8.48%
ALSNAllison Transmission Holdings, Inc.	9.28B	111.55	13.42	6.26%	22.78%	37.97%	7.09%	1.47
GGRGogoro Inc.	45.8M	3.10	-0.34	-11.21%	-46.88%	-99.31%		2.23
WPRTWestport Fuel Systems Inc.	37.5M	2.16	-1.70	-8.89%	-37.88%	-75.62%		0.39
KNDIKandi Technologies Group, Inc.	83.69M	1.02	-1.73	3.21%	-49.1%	-14.35%		0.24
SESSES AI Corporation	693.77M	2.16	-6.97		-490.03%	-39.68%		0.04

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-
Cost of Goods Sold+	0	6.74M	8.08M	14.7M	36.12M	41.96M	57.78M
COGS % of Revenue	-	-	-	-	-	-	-
Gross Profit+	0	-6.74M	-8.08M	-14.7M	-36.12M	-41.96M	-57.78M
Gross Margin %	-	-	-	-	-	-	-
Gross Profit Growth %	-	-	-0.2%	-0.82%	-1.46%	-0.16%	-0.38%
Operating Expenses+	44.75M	49.08M	72.94M	200.57M	384.5M	415.54M	454.08M
OpEx % of Revenue	-	-	-	-	-	-	-
Selling, General & Admin	9.27M	8.71M	14.69M	60.28M	115.34M	131.09M	142.24M
SG&A % of Revenue	-	-	-	-	-	-	-
Research & Development	35.63M	40.37M	58.25M	140.29M	269.15M	284.46M	311.84M
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0
Operating Income+	-42.45M	-55.82M	-81.02M	-215.27M	-420.62M	-457.5M	-511.86M
Operating Margin %	-	-	-	-	-	-	-
Operating Income Growth %	-	-0.31%	-0.45%	-1.66%	-0.95%	-0.09%	-0.12%
EBITDA+	-36.77M	-49.08M	-72.94M	-200.57M	-384.5M	-415.54M	-454.08M
EBITDA Margin %	-	-	-	-	-	-	-
EBITDA Growth %	-	-0.33%	-0.49%	-1.75%	-0.92%	-0.08%	-0.09%
D&A (Non-Cash Add-back)	5.68M	6.74M	8.08M	14.7M	36.12M	41.96M	57.78M
EBIT	-42.45M	-51.26M	-1.66B	-44.56M	-409.5M	-442.7M	-475.72M
Net Interest Income+	0	3.51M	-19.67M	464K	8.51M	34.11M	48.25M
Interest Income	607K	3.61M	1.09M	1.88M	10.9M	36.49M	46.02M
Interest Expense	0	94K	20.77M	1.42M	2.4M	2.38M	-2.22M
Other Income/Expense	-1.69M	4.55M	-1.6B	169.29M	8.72M	12.42M	33.92M
Pretax Income+	-44.14M	-51.26M	-1.68B	-45.98M	-411.9M	-445.08M	-477.94M
Pretax Margin %	-	-	-	-	-	-	-
Income Tax+	5K	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%
Net Income+	-44.15M	-51.28M	-1.68B	-45.97M	-411.91M	-445.14M	-477.86M
Net Margin %	-	-	-	-	-	-	-
Net Income Growth %	-	-0.16%	-31.79%	0.97%	-7.96%	-0.08%	-0.07%
Net Income (Continuing)	-44.15M	-51.26M	-1.68B	-45.98M	-411.9M	-445.08M	-477.94M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	1.69M	1.71M	1.7M	1.69M	1.7M	1.77M	0
EPS (Diluted)+	-3.97	-0.22	-0.48	-0.12	-0.93	-0.96	-0.94
EPS Growth %	-	0.94%	-1.18%	0.75%	-6.75%	-0.03%	0.02%
EPS (Basic)	-3.97	-0.22	-0.48	-0.12	-0.93	-0.96	-0.94
Diluted Shares Outstanding	11.11M	239.64M	252.14M	409.51M	432.97M	462.24M	508.1M
Basic Shares Outstanding	11.11M	239.64M	252.14M	404.26M	432.97M	462.24M	508.1M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	179.92M	131.18M	1.01B	1.46B	1.07B	1.08B	922.29M
Cash & Short-Term Investments	179.21M	129.92M	997.55M	1.45B	1.06B	1.07B	910.77M
Cash Only	31.05M	22.82M	113.22M	320.7M	235.39M	142.52M	140.87M
Short-Term Investments	148.16M	107.1M	884.34M	1.13B	826.34M	928.28M	769.9M
Accounts Receivable	0	0	0	0	0	0	0
Days Sales Outstanding	-	-	-	-	-	-	-
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	706K	0	0	0	10.59M	12.71M	11.52M
Total Non-Current Assets+	31.3M	41.21M	57.6M	252.22M	403.08M	418.46M	400.11M
Property, Plant & Equipment	28.7M	38.43M	55.41M	233.98M	384.73M	394.17M	373.73M
Fixed Asset Turnover	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	2.59M	2.77M	2.19M	18.23M	18.35M	24.29M	26.38M
Total Assets+	211.21M	172.38M	1.07B	1.72B	1.48B	1.5B	1.32B
Asset Turnover	-	-	-	-	-	-	-
Asset Growth %	-	-0.18%	5.19%	0.61%	-0.14%	0.02%	-0.12%
Total Current Liabilities+	5.09M	7.22M	12.35M	30.61M	46.81M	57.09M	64.88M
Accounts Payable	757K	2.85M	5.38M	14.18M	21.42M	12.96M	6.47M
Days Payables Outstanding	-	154.49	243.17	352.16	216.44	112.73	40.85
Short-Term Debt	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0
Other Current Liabilities	4.33M	1.99M	2.39M	9.12M	13.06M	26.04M	32.21M
Current Ratio	35.37x	18.16x	81.71x	47.81x	22.91x	18.98x	14.21x
Quick Ratio	35.37x	18.16x	81.71x	47.81x	22.91x	18.98x	14.21x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	11.44M	14.76M	700.94M	76.45M	109.05M	104.71M	99.66M
Long-Term Debt	10.36M	0	0	0	0	0	0
Capital Lease Obligations	0	12.46M	11.24M	76.14M	100.56M	92.72M	84.78M
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	1.08M	2.3M	689.7M	315K	8.49M	11.99M	14.89M
Total Liabilities	16.53M	21.98M	713.29M	107.06M	155.86M	161.8M	164.55M
Total Debt+	10.36M	13.54M	12.46M	77.37M	105.42M	100.63M	93.54M
Net Debt	-20.69M	-9.28M	-100.75M	-243.33M	-129.98M	-41.89M	-47.33M
Debt / Equity	0.05x	0.09x	0.04x	0.05x	0.08x	0.08x	0.08x
Debt / EBITDA	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-
Interest Coverage	-	-593.81x	-3.90x	-151.70x	-175.33x	-192.47x	-
Total Equity+	194.69M	150.4M	353.48M	1.61B	1.32B	1.34B	1.16B
Equity Growth %	-	-0.23%	1.35%	3.55%	-0.18%	0.02%	-0.14%
Book Value per Share	17.53	0.63	1.40	3.93	3.05	2.90	2.28
Total Shareholders' Equity	193M	148.69M	351.77M	1.61B	1.32B	1.34B	1.16B
Common Stock	1K	24K	36K	43K	44K	49K	54K
Retained Earnings	-246.08M	-295.86M	-1.98B	-2.02B	-2.44B	-2.88B	-3.36B
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	-31K	90K	-31K	-4.21M	-17.87M	-2.88M	428K
Minority Interest	1.69M	1.71M	1.7M	1.69M	1.7M	1.77M	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-35.72M	-41.73M	-61.26M	-127.91M	-218.02M	-240.03M	-274.56M
Operating CF Margin %	-	-	-	-	-	-	-
Operating CF Growth %	-	-0.17%	-0.47%	-1.09%	-0.7%	-0.1%	-0.14%
Net Income	-44.15M	-51.26M	-1.68B	-45.98M	-411.9M	-445.08M	-477.94M
Depreciation & Amortization	5.68M	5.86M	8.08M	14.7M	36.12M	49.75M	65.79M
Stock-Based Compensation	5.88M	6.81M	17.02M	52.17M	127.11M	166.3M	144.65M
Deferred Taxes	0	0	0	0	0	0	0
Other Non-Cash Items	-2.96M	-1.96M	1.6B	-155.93M	18.52M	3.09M	-15.86M
Working Capital Changes	-174K	-1.18M	-8.28M	7.12M	12.12M	-14.08M	8.8M
Change in Receivables	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	0	319K	2.45M	13.18M	5.61M	-2.9M	14.96M
Cash from Investing+	-74.69M	33.3M	-802.65M	-385.83M	124.12M	-152.53M	128.87M
Capital Expenditures	-7.4M	-9.85M	-24.09M	-127.18M	-158.84M	-84.51M	-62.13M
CapEx % of Revenue	-	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-67.29M	0	0	0	0	0	0
Cash from Financing+	120.76M	394K	953.72M	736.56M	8.6M	300.21M	144.03M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	120.76M	394K	677.46M	168.19M	9.41M	14.02M	18.41M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-43.12M	-51.58M	-85.36M	-255.09M	-376.87M	-324.54M	-336.69M
FCF Margin %	-	-	-	-	-	-	-
FCF Growth %	-	-0.2%	-0.65%	-1.99%	-0.48%	0.14%	-0.04%
FCF per Share	-3.88	-0.22	-0.34	-0.62	-0.87	-0.70	-0.66
FCF Conversion (FCF/Net Income)	0.81x	0.81x	0.04x	2.78x	0.53x	0.54x	0.57x
Interest Paid	0	0	0	330K	1.61M	1.78M	2.22M
Taxes Paid	0	0	0	0	0	0	0

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.68%	-29.72%	-667.53%	-4.69%	-28.13%	-33.47%	-38.26%
Return on Invested Capital (ROIC)	-18.3%	-26.57%	-30.86%	-19.96%	-24.7%	-27.58%	-31.87%
Debt / Equity	0.05x	0.09x	0.04x	0.05x	0.08x	0.08x	0.08x
Interest Coverage	-	-593.81x	-3.90x	-151.70x	-175.33x	-192.47x	-
FCF Conversion	0.81x	0.81x	0.04x	2.78x	0.53x	0.54x	0.57x

Frequently Asked Questions

Growth & Financials

QuantumScape Corporation (QS) grew revenue by 0.0% over the past year. Growth has been modest.

QuantumScape Corporation (QS) reported a net loss of $449.6M for fiscal year 2024.

Dividend & Returns

QuantumScape Corporation (QS) has a return on equity (ROE) of -38.3%. Negative ROE indicates the company is unprofitable.

QuantumScape Corporation (QS) had negative free cash flow of $280.1M in fiscal year 2024, likely due to heavy capital investments.

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