QuantumScape Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Research and development | $375.6M | $383.0M | $347.9M | $297.4M | $151.5M |
| Operating expenses | $472.6M | $525.2M | $479.0M | $420.6M | $215.3M |
| Operating income | -$472.6M | -$525.2M | -$479.0M | -$420.6M | -$215.3M |
| Interest expense | $2.0M | $2.2M | $2.4M | $2.4M | $1.4M |
| Pretax income | -$433.5M | -$478.2M | -$445.1M | — | — |
| Income tax expense | $1.5M | -$269,000 | $20,000 | $0 | $0 |
| Net income | -$435.1M | -$477.9M | -$445.1M | -$411.9M | -$46.0M |
| Balance Sheet | |||||
| Cash and equivalents | $230.5M | $140.9M | $142.5M | $235.4M | $320.7M |
| Current assets | $981.6M | $922.3M | $1.1B | $1.1B | $1.5B |
| Total assets | $1.3B | $1.3B | $1.5B | $1.5B | $1.7B |
| Current liabilities | $61.5M | $64.9M | $57.1M | $46.8M | $30.6M |
| Total liabilities | $139.2M | $164.5M | $161.8M | $155.9M | $107.1M |
| Stockholders' equity | $1.2B | $1.2B | $1.3B | $1.3B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | -$242.5M | -$274.6M | -$240.0M | -$218.0M | -$127.9M |
| Depreciation and amortization | $65.6M | $57.8M | $42.0M | $28.3M | $11.2M |
| Stock-based compensation | $127.5M | $144.7M | $166.3M | $127.1M | $52.2M |
| Capital expenditure | $36.3M | $62.2M | $84.6M | $158.8M | $127.2M |
| Free cash flow | -$278.8M | -$336.8M | -$324.6M | -$376.9M | -$255.1M |
Shares outstanding 615.1M · Free float 77.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.