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.

Ticker: QS
Exchange: Nasdaq
Sector: Consumer Cyclical
Industry: Auto Parts
Market cap: $2.66B
52-week range: $3.80 - $17.58

Valuation

Share price: $4.28 (close of Nov 6, 2026)
P/E (TTM): -6.79x
Price to book: 2.67x
Price to free cash flow: -10.29x
Enterprise value: $2.65B
Book value per share: $1.60

Price performance

Period	Change
1 day	+4.14%
5 days	+5.42%
1 month	-7.96%
3 months	-22.60%
6 months	-46.16%
Year to date	-58.93%
1 year	-73.08%
3 years	-27.21%
5 years	-86.20%
All time	-56.77%

Short interest

As of: Oct 15, 2026
Short % of float: 21.30%
Shares short: 109.76M
Days to cover: 7.81
Change since prior report: -2.18%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -37.22%
Return on invested capital: -38.11%
Return on assets: -33.26%
Return on capital employed: -37.91%

Cash flow and balance sheet

Free cash flow yield (TTM): -9.72%
Current ratio: 16.06x
Net debt to EBITDA: 0.03x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
EBITDA: -$407.03M
Net income: -$435.05M
Earnings per share: $-0.76
Research and development: $375.61M
Interest expense: $2.04M
Shares outstanding: 575.95M

Income statement by year

Period end	Net income	EPS
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 end	Return on equity	Return on capital
2025-12-31	-37.22%	-38.11%
2024-12-31	-41.27%	-41.95%
2023-12-31	-33.26%	-33.29%
2022-12-31	-31.26%	-29.55%
2021-12-31	-2.86%	-12.78%
2020-12-31	-	-22.24%
2019-12-31	-34.49%	-34.41%

Cash and debt by year

Period end	Cash	Debt
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	-
2018-12-31	$31.05M	$10.36M

Free cash flow by year

Period end	Free cash flow	Stock-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
2018-12-31	-$43.12M	$5.88M

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-21	Sep 2026	-$0.18
2026-07-22	Jun 2026	-$0.18
2026-04-22	Mar 2026	-$0.18
2026-02-11	Dec 2025	-$0.16
2025-10-22	Sep 2025	-$0.18
2025-07-23	Jun 2025	-$0.20
2025-04-23	Mar 2025	-$0.21
2025-02-12	Dec 2024	-$0.23

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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Price-to-earnings ratio · Short interest · 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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