QuantumScape Corp (QS)

QuantumScape Corporation, together with its subsidiaries, develops solid-state lithium-metal battery technology for electric vehicles and other applications in the United States. The company was founded in 2010 and is headquartered in San Jose, California.

Symbol
QS
Exchange
Nasdaq
Sector
Consumer Cyclical
Industry
Auto Parts
Market cap
$3.12B
52 week range
4.77 - 19.07

Valuation

Share price
$5.05 (close of 2026-09-22)
P/E (TTM)
-7.54x
Price to book
2.97x
Price to free cash flow
-11.43x
Enterprise value
$3.05B
Book value per share
$1.70

Price performance

PeriodChange
1 day-0.98%
5 days0.00%
1 month-15.55%
3 months-33.64%
6 months-23.37%
Year to date-51.54%
1 year-62.43%
3 years-21.46%
5 years-78.61%
All time-48.99%

Profitability and growth

Return on equity
-37.22%
Return on invested capital
-46.82%
Return on assets
-33.26%
Return on capital employed
-37.91%
Net income growth
8.96%
Free cash flow growth
17.24%

Cash flow and balance sheet

Free cash flow yield (TTM)
-8.75%
Current ratio
18.42x
Net debt to EBITDA
0.20x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
EBITDA
$-407.03M
Net income
$-435.05M
Earnings per share
$-0.76
Research and development
$375.61M
Shares outstanding
575.95M

Income statement by year

Period endNet incomeEPS
2025-12-31$-435.05M$-0.76
2024-12-31$-477.86M$-0.94
2023-12-31$-445.14M$-0.96
2022-12-31$-411.91M$-0.95
2021-12-31$-45.97M$-0.11
2020-12-31$-1.68B$-6.67
2019-12-31$-51.28M$-0.21

Margins and returns by year

Period endReturn on equityReturn on capital
2025-12-31-37.22%-46.82%
2024-12-31-41.27%-47.27%
2023-12-31-33.26%-36.95%
2022-12-31-31.26%-35.41%
2021-12-31-2.86%-15.79%
2020-12-31-478.09%-32.28%
2019-12-31-34.49%-40.04%

Cash and debt by year

Period endCash
2025-12-31$230.52M
2024-12-31$140.87M
2023-12-31$142.52M
2022-12-31$235.39M
2021-12-31$320.70M
2020-12-31$113.22M
2019-12-31$22.82M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-278.75M$127.46M
2024-12-31$-336.80M$144.65M
2023-12-31$-324.65M$166.30M
2022-12-31$-376.87M$127.11M
2021-12-31$-255.09M$52.17M
2020-12-31$-85.36M$17.02M
2019-12-31$-51.58M$6.81M

Investor relations

Next earnings report

Next confirmed report
2026-10-28

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-22Jun/2026-
2026-04-22--
2026-02-11--
2025-10-22--
2025-07-23--
2025-04-23--
2025-02-12--
2024-10-23--

Filings and sources

Company website
quantumscape.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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