QuantumScape Corporation
QS · Price history
Price at last available close
$4.18
−$0.38 (-8.33%) 1M
2026-10-27
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Company & revenue
About QuantumScape Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
QuantumScape Corporation, along with its affiliated entities, specializes in the advancement and market launch of innovative solid-state lithium-metal batteries. These cutting-edge power solutions are primarily engineered for electric vehicles (EVs) but also serve a range of other uses within the United States. The company, established in 2010, has its main corporate office located in San Jose, California.
How they make money
QuantumScape is a development-stage company focused on the research, development, and commercialization of solid-state lithium-metal battery technology. The company intends to generate future revenue through technology licensing, collaboration payments, and commercialization partnerships with automotive original equipment manufacturers and other energy storage providers.
Products & services
Proprietary solid-state lithium-metal battery technology designed for electric vehicles and other energy storage applications.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
As of December 31, 2025, the company had not derived revenue from its principal business activities and therefore has no customer concentration.
Suppliers, materials & equipment
- Raw material and equipment suppliers — The company relies on various third-party suppliers for specialized materials and manufacturing equipment necessary for its pilot production lines; specific supplier names are not disclosed.Source
Business relationships & partnerships
- PowerCo (Volkswagen Group) — A strategic partnership and collaboration agreement to develop and commercialize solid-state battery technology for automotive applications.Source
- Fluence Energy Inc. — An agreement to evaluate QuantumScape's battery technology for inclusion in stationary energy storage applications.Source
Strengths
- Proprietary solid-state lithium-metal battery technologySource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
25
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
38
Poor
Financial Strength
62
Business Quality / Moat
20
Management
40
Growth Quality
25
Risk / Durability
24
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
27
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
37/100
Building Historical Record
Model Score 37/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for QS
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •How long can QS fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does QS's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for QS to reach sustainable profitability?
- •What future growth or profitability would be needed to justify QS's current valuation?
- •What does the current none warning mean for the reliability or interpretation of QS's score?
Essential Investment Snapshot
Wall Street Score
25
Opportunity Score
27
Market Cap
$2.59B
P/E Ratio
-6.6
EPS
$-0.63
52-Week High
$18.56
52-Week Low
$3.80
Beta
2.84
Analyst Target
$5.25
Shares Outstanding
576.0M
Total Revenue
$0
Total Debt
$65.0M
Dividend
No current dividend
Liquidation Value / Share
$1.73
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for QS
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-231.8x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on QS.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary solid-state lithium-metal battery technology.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Auto - Parts industry.
- −History of operating losses and lack of commercial revenue.
- −Uncertainty regarding successful commercialization and mass production.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
25
Oct 21, 2026
Change
-0.1
points
Current Score
25
Oct 23, 2026
Category Changes
QS decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
19
Projected Change
-6.0 points
Preliminary comparable-period financial changes suggest decline of approximately 6.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$4.18
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $43.5M | $73.2M | $57.8M | $42.0M | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | -$43.5M | -$73.2M | -$57.8M | -$42.0M | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $327.8M | $375.6M | $311.8M | $284.5M | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $75.0M | $97.0M | $142.2M | $131.1M | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $374.6M | $399.4M | $454.1M | $415.5M | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$333.6M | -$358.2M | -$409.9M | -$393.0M | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$418.2M | -$472.6M | -$511.9M | -$457.5M | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $1.9M | $2.0M | $2.2M | $2.4M | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$383.0M | -$433.5M | -$477.9M | -$445.1M | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $645K | $1.5M | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$383.6M | -$435.1M | -$477.9M | -$445.1M | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.63 | $-0.76 | $-0.94 | $-0.96 | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 621M | 576M | 508M | 462M | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 621M | 576M | 508M | 462M | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$0
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.14
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-10.9%
Cash Change
-66.5%
Margin Change
Not available
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included debt levels. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
EPS declined 22.2%. Cash declined 66.5%. Total debt declined 10.9%.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
24
Smart Money
24
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · QS
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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