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6Apr 22, 2026·SEC
Mar 5, 2026·SEC
Feb 11, 2026·SEC
QuantumScape Corporation (QS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
QuantumScape Corporation (QS) stock price & volume — 10-year historical chart
QuantumScape Corporation (QS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
QuantumScape Corporation (QS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.16vs $0.18+11.1% | —vs $1M |
| Q1 2026 | Feb 11, 2026 | $0.17vs $0.16-6.3% | —vs $2M |
| Q4 2025 | Oct 22, 2025 | $0.18vs $0.18+0.0% | — |
| Q3 2025 | Jul 23, 2025 | $0.20vs $0.20+0.0% | $37M |
QuantumScape Corporation (QS) competitors in Electrified Powertrain and Batteries — business model, growth, and fundamentals comparison
QuantumScape Corporation (QS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
QuantumScape Corporation (QS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 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 | 73.22M | 63.79M |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0▲ 0% | -6.74M▲ 0% | -8.08M▼ 20.0% | -14.7M▼ 81.9% | -36.12M▼ 145.8% | -41.96M▼ 16.2% | -57.78M▼ 37.7% | -73.22M▼ 26.7% | -63.79M▲ 0% |
| Gross Margin % | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | -19.95% | -81.92% | -145.75% | -16.15% | -37.71% | -26.72% | - |
| Operating Expenses | 45.45M | 49.08M | 72.94M | 200.57M | 384.5M | 415.54M | 454.08M | 399.38M | 394.42M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 9.27M | 8.71M | 14.69M | 60.28M | 115.34M | 131.09M | 142.24M | 97M | 78.23M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - |
| Research & Development | 35.63M | 40.37M | 58.25M | 140.29M | 269.15M | 284.46M | 311.84M | 375.61M | 330.95M |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 551K | 0 | 0 | 0 | 0 | 0 | 0 | -73.22M | -1000K |
| Operating Income | -45.45M▲ 0% | -55.82M▼ 22.8% | -81.02M▼ 45.2% | -215.27M▼ 165.7% | -420.62M▼ 95.4% | -457.5M▼ 8.8% | -511.86M▼ 11.9% | -472.6M▲ 7.7% | -458.21M▲ 0% |
| Operating Margin % | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -22.8% | -45.15% | -165.69% | -95.39% | -8.77% | -11.88% | 7.67% | - |
| EBITDA | -39.77M | -49.08M | -72.94M | -200.57M | -384.5M | -415.54M | -454.08M | -399.38M | -394.42M |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | - | -23.41% | -48.61% | -174.97% | -91.7% | -8.08% | -9.27% | 12.05% | 12.88% |
| D&A (Non-Cash Add-back) | 5.68M | 6.74M | 8.08M | 14.7M | 36.12M | 41.96M | 57.78M | 73.22M | 63.79M |
| EBIT | -42.45M | -51.26M | -1.66B | -44.56M | -409.5M | -442.7M | -475.72M | -431.47M | -427.94M |
| Net Interest Income | 607K | 3.51M | -19.67M | 464K | 8.51M | 34.11M | 43.8M | 36.59M | 35.76M |
| Interest Income | 607K | 3.61M | 1.09M | 1.88M | 10.9M | 36.49M | 46.02M | 38.63M | 37.75M |
| Interest Expense | 0 | 94K | 20.77M | 1.42M | 2.4M | 2.38M | 2.22M | 2.04M | 1.99M |
| Other Income/Expense | 1.31M | 4.55M | -1.6B | 169.29M | 8.72M | 12.42M | 33.92M | 39.1M | 37.14M |
| Pretax Income | -44.14M▲ 0% | -51.26M▼ 16.1% | -1.68B▼ 3180.7% | -45.98M▲ 97.3% | -411.9M▼ 795.9% | -445.08M▼ 8.1% | -477.94M▼ 7.4% | -433.51M▲ 9.3% | -421.07M▲ 0% |
| Pretax Margin % | - | - | - | - | - | - | - | - | - |
| Income Tax | 5K | 0 | 0 | 0 | 0 | 0 | 0 | 1.54M | 357K |
| Effective Tax Rate % | -0.01% | 0% | 0% | 0% | 0% | 0% | 0% | -0.36% | -0.08% |
| Net Income | -44.15M▲ 0% | -51.28M▼ 16.2% | -1.68B▼ 3179.4% | -45.97M▲ 97.3% | -411.91M▼ 796.1% | -445.14M▼ 8.1% | -477.86M▼ 7.3% | -435.05M▲ 9.0% | -421.43M▲ 0% |
| Net Margin % | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | - | -16.16% | -3179.4% | 97.27% | -796.11% | -8.07% | -7.35% | 8.96% | 10.65% |
| Net Income (Continuing) | -44.15M | -51.26M | -1.68B | -45.98M | -411.9M | -445.08M | -477.94M | -435.05M | -421.43M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.69M | 1.71M | 1.7M | 1.69M | 1.7M | 1.77M | 0 | 0 | 0 |
| EPS (Diluted) | -3.97▲ 0% | -0.21▲ 94.7% | -6.67▼ 3076.2% | -0.52▲ 92.2% | -0.95▼ 82.7% | -0.96▼ 1.1% | -0.94▲ 2.1% | -0.76▲ 19.1% | -0.69▲ 0% |
| EPS Growth % | - | 94.71% | -3076.19% | 92.2% | -82.69% | -1.05% | 2.08% | 19.15% | 22.83% |
| EPS (Basic) | -3.97 | -0.21 | -6.67 | -0.12 | -0.95 | -0.96 | -0.94 | -0.76 | - |
| Diluted Shares Outstanding | 11.11M | 239.64M | 252.14M | 409.51M | 432.97M | 462.24M | 508.1M | 575.95M | 611.01M |
| Basic Shares Outstanding | 11.11M | 239.64M | 252.14M | 404.26M | 432.97M | 462.24M | 508.1M | 575.95M | 611.01M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
QuantumScape Corporation (QS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 179.92M | 131.18M | 1.01B | 1.46B | 1.07B | 1.08B | 922.29M | 981.64M | 915.88M |
| Cash & Short-Term Investments | 179.21M | 129.92M | 997.55M | 1.45B | 1.06B | 1.07B | 910.77M | 970.81M | 904.7M |
| Cash Only | 31.05M | 22.82M | 113.22M | 320.7M | 235.39M | 142.52M | 140.87M | 230.52M | 145.07M |
| Short-Term Investments | 148.16M | 107.1M | 884.34M | 1.13B | 826.34M | 928.28M | 769.9M | 740.28M | 759.64M |
| Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 10.59M | 12.71M | 11.52M | 0 | 11.18M |
| Total Non-Current Assets | 31.3M | 41.21M | 57.6M | 252.22M | 403.08M | 418.46M | 400.11M | 326.51M | 313.21M |
| Property, Plant & Equipment | 28.7M | 38.43M | 55.41M | 233.98M | 384.73M | 394.17M | 373.73M | 304.92M | 297.34M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 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 | 21.59M | 85.73M |
| Total Assets | 211.21M▲ 0% | 172.38M▼ 18.4% | 1.07B▲ 518.8% | 1.72B▲ 60.8% | 1.48B▼ 14.0% | 1.5B▲ 1.8% | 1.32B▼ 12.0% | 1.31B▼ 1.1% | 1.23B▲ 0% |
| Asset Turnover | - | - | - | - | - | - | - | - | 0.00x |
| Asset Growth % | - | -18.38% | 518.83% | 60.83% | -14% | 1.8% | -11.96% | -1.08% | -14.19% |
| Total Current Liabilities | 5.09M | 7.22M | 12.35M | 30.61M | 46.81M | 57.09M | 64.88M | 61.55M | 43.77M |
| Accounts Payable | 757K | 2.85M | 5.38M | 14.18M | 21.42M | 12.96M | 6.47M | 11.82M | 7.36M |
| Days Payables Outstanding | - | 154.49 | 243.17 | 352.16 | 216.44 | 112.73 | 40.85 | 58.92 | 45.93 |
| Short-Term Debt | 0 | 1.08M | 0 | 0 | 0 | 0 | 0 | 0 | 8.53M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4.33M | 905K | 2.39M | 9.12M | 13.06M | 26.04M | 32.21M | 0 | 27.88M |
| Current Ratio | 35.37x | 18.16x | 81.71x | 47.81x | 22.91x | 18.98x | 14.21x | 15.95x | 15.95x |
| Quick Ratio | 35.37x | 18.16x | 81.71x | 47.81x | 22.91x | 18.98x | 14.21x | 15.95x | 15.95x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 11.44M | 14.76M | 700.94M | 76.45M | 109.05M | 104.71M | 99.66M | 77.64M | 75.66M |
| Long-Term Debt | 10.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 12.46M | 11.24M | 76.14M | 100.56M | 92.72M | 84.78M | 62.76M | 268.46M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.08M | 2.3M | 689.7M | 315K | 8.49M | 11.99M | 14.89M | 14.87M | 58.7M |
| Total Liabilities | 16.53M | 21.98M | 713.29M | 107.06M | 155.86M | 161.8M | 164.55M | 139.18M | 119.42M |
| Total Debt | 10.36M | 13.54M | 12.46M | 77.37M | 105.42M | 100.63M | 93.54M | 71M | 69.18M |
| Net Debt | -20.69M | -9.28M | -100.75M | -243.33M | -129.98M | -41.89M | -47.33M | -159.52M | -75.88M |
| Debt / Equity | 0.05x | 0.09x | 0.04x | 0.05x | 0.08x | 0.08x | 0.08x | 0.06x | 0.06x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -0.18x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 0.19x |
| Interest Coverage | - | -545.35x | -79.99x | -31.40x | -170.69x | -186.24x | -213.90x | -211.61x | -215.16x |
| Total Equity | 194.69M▲ 0% | 150.4M▼ 22.7% | 353.48M▲ 135.0% | 1.61B▲ 355.1% | 1.32B▼ 18.0% | 1.34B▲ 1.6% | 1.16B▼ 13.6% | 1.17B▲ 1.0% | 1.11B▲ 0% |
| Equity Growth % | - | -22.75% | 135.02% | 355.08% | -17.97% | 1.56% | -13.6% | 0.96% | -2.78% |
| Book Value per Share | 17.53 | 0.63 | 1.40 | 3.93 | 3.05 | 2.90 | 2.28 | 2.03 | 1.82 |
| Total Shareholders' Equity | 193M | 148.69M | 351.77M | 1.61B | 1.32B | 1.34B | 1.16B | 1.17B | 1.11B |
| Common Stock | 1K | 24K | 36K | 43K | 44K | 49K | 54K | 1.17B | 61K |
| Retained Earnings | -246.08M | -295.86M | -1.98B | -2.02B | -2.44B | -2.88B | -3.36B | 0 | -3.89B |
| Treasury Stock | -4.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -31K | 90K | -31K | -4.21M | -17.87M | -2.88M | 428K | 0 | -384K |
| Minority Interest | 1.69M | 1.71M | 1.7M | 1.69M | 1.7M | 1.77M | 0 | 0 | 0 |
QuantumScape Corporation (QS) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -35.72M | -41.73M | -61.26M | -127.91M | -218.02M | -240.03M | -274.56M | -242.47M | -242.47M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | - | -16.82% | -46.8% | -108.79% | -70.45% | -10.09% | -14.39% | 11.69% | 42.72% |
| Net Income | -44.15M | -51.26M | -1.68B | -45.98M | -411.9M | -445.08M | -477.94M | -435.05M | -421.43M |
| Depreciation & Amortization | 5.68M | 5.86M | 8.08M | 14.7M | 36.12M | 49.75M | 65.79M | 73.22M | 70.16M |
| Stock-Based Compensation | 5.88M | 6.81M | 17.02M | 52.17M | 127.11M | 166.3M | 144.65M | 127.46M | 117.33M |
| Deferred Taxes | 0 | 0 | 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 | 3.56M | -8.58M |
| Working Capital Changes | -174K | -1.18M | -8.28M | 7.12M | 12.12M | -14.08M | 8.8M | -11.67M | 1.28M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 319K | 2.45M | 13.18M | 5.61M | -2.9M | 14.96M | 0 | -5.33M |
| Cash from Investing | -74.69M | 33.3M | -802.65M | -385.83M | 124.12M | -152.53M | 128.87M | 14.93M | -72.79M |
| Capital Expenditures | -7.4M | -9.85M | -24.09M | -127.18M | -158.84M | -84.51M | -62.13M | -36.28M | -40.42M |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.11M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -67.29M | 0 | 0 | 0 | 0 | 0 | 0 | 51.21M | 1.46M |
| Cash from Financing | 120.76M | 394K | 953.72M | 736.56M | 8.6M | 300.21M | 144.03M | 312.81M | 301.14M |
| Debt Issued (Net) | -578K | 0 | 0 | 5.51M | -809K | -1.97M | -2.91M | -3.23M | -3.32M |
| Equity Issued (Net) | -4.19M | 394K | 276.26M | 562.86M | 9.41M | 288.16M | 128.53M | 296.51M | 280.69M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -4.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 125.52M | 0 | 677.46M | 168.19M | 0 | 14.02M | 18.41M | 19.53M | 23.78M |
| Net Change in Cash | 10.34M▲ 0% | -8.04M▼ 177.7% | 89.81M▲ 1217.6% | 222.81M▲ 148.1% | -85.31M▼ 138.3% | -92.34M▼ 8.2% | -1.66M▲ 98.2% | 89.66M▲ 5507.6% | -12.88M▲ 0% |
| Free Cash Flow | -43.12M▲ 0% | -51.58M▼ 19.6% | -85.36M▼ 65.5% | -255.09M▼ 198.9% | -376.87M▼ 47.7% | -324.54M▲ 13.9% | -336.69M▼ 3.7% | -278.75M▲ 17.2% | -281.66M▲ 0% |
| FCF Margin % | - | - | - | - | - | - | - | - | - |
| FCF Growth % | - | -19.6% | -65.49% | -198.85% | -47.74% | 13.89% | -3.74% | 17.21% | 14.96% |
| FCF per Share | -3.88 | -0.22 | -0.34 | -0.62 | -0.87 | -0.70 | -0.66 | -0.48 | -0.48 |
| FCF Conversion (FCF/Net Income) | 0.81x | 0.81x | 0.04x | 2.78x | 0.53x | 0.54x | 0.57x | 0.56x | 0.67x |
| Interest Paid | 0 | 0 | 0 | 330K | 1.61M | 1.78M | 2.22M | 2.04M | 516K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
QuantumScape Corporation (QS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -29.72% | -667.53% | -4.69% | -28.13% | -33.47% | -38.26% | -37.39% | -37.3% |
| Return on Invested Capital (ROIC) | -26.57% | -30.86% | -19.96% | -24.7% | -27.58% | -31.87% | -33.44% | -33.44% |
| Debt / Equity | 0.09x | 0.04x | 0.05x | 0.08x | 0.08x | 0.08x | 0.06x | 0.06x |
| Interest Coverage | -545.35x | -79.99x | -31.40x | -170.69x | -186.24x | -213.90x | -211.61x | -215.16x |
| FCF Conversion | 0.81x | 0.04x | 2.78x | 0.53x | 0.54x | 0.57x | 0.56x | 0.67x |
QuantumScape Corporation (QS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 22, 2026·SEC
Mar 5, 2026·SEC
Feb 11, 2026·SEC
QuantumScape Corporation (QS) stock FAQ — growth, dividends, profitability & financials explained
QuantumScape Corporation (QS) grew revenue by 0.0% over the past year. Growth has been modest.
QuantumScape Corporation (QS) reported a net loss of $421.4M for fiscal year 2025.
QuantumScape Corporation (QS) has a return on equity (ROE) of -37.4%. Negative ROE indicates the company is unprofitable.
QuantumScape Corporation (QS) had negative free cash flow of $281.7M in fiscal year 2025, likely due to heavy capital investments.
QuantumScape Corporation (QS) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates