Consumer Cyclical · Auto - Parts
Price
$7.16
Market Cap
$4.4B
Employees
800
Beta
2.60
Avg Volume
22,497,295
CEO
Siva Sivaram
Business Description
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.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-9.42
Stock Price: $7.16
EPS (Diluted): -0.76
EPS (Diluted): -0.76
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.13
Stock Price: $7.16
Total Equity: $1.17B
Shares: 575,950,000
Total Equity: $1.17B
Shares: 575,950,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-16.31
Market Cap: $4.40B
Total Debt: $0.00
Cash: $230.52M
EBITDA: -$358.25M
Total Debt: $0.00
Cash: $230.52M
EBITDA: -$358.25M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$5.8B
Market Cap: $4.40B
Total Debt: $0.00
Cash: $230.52M
Total Debt: $0.00
Cash: $230.52M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.00
Stock Price: $7.16
Revenue: $0.00
Shares: 575,950,000
Revenue: $0.00
Shares: 575,950,000
EV/Sales (Total value vs revenue — works when P/E can't)
API0.00
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
0.0%
Gross Profit: -$73.22M
Revenue: $0.00
Revenue: $0.00
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
0.0%
Operating Income: -$472.60M
Revenue: $0.00
Revenue: $0.00
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
0.0%
Net Income: -$435.05M
Revenue: $0.00
Revenue: $0.00
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-37.2%
Net Income: -$435.05M
Total Equity: $1.17B
Total Equity: $1.17B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-50.5%
Operating Income: -$472.60M
Tax Rate: -0.4%
Equity: $1.17B
Total Debt: $0.00
Cash: $230.52M
Tax Rate: -0.4%
Equity: $1.17B
Total Debt: $0.00
Cash: $230.52M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
15.95
Current Assets: $981.64M
Current Liabilities: $61.55M
Current Liabilities: $61.55M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.17B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.17B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
Revenue / Shares Outstanding
—
Revenue: $0.00
Shares: 575,950,000
Shares: 575,950,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.03
Total Equity: $1.17B
Shares: 575,950,000
Shares: 575,950,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.48
Operating CF: -$242.47M
CapEx: -$36.28M
Shares: 575,950,000
CapEx: -$36.28M
Shares: 575,950,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $7.16
Stock Price: $7.16
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$435.05M
Net Income: -$435.05M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares QS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:34pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $14.7M | $36.1M | $42.0M | $57.8M | $73.2M |
| Gross Profit | -$14.7M | -$36.1M | -$42.0M | -$57.8M | -$73.2M |
| Operating Expenses | $200.6M | $384.5M | $415.5M | $454.1M | $399.4M |
| Operating Income | -$215.3M | -$420.6M | -$457.5M | -$511.9M | -$472.6M |
| Net Income | -$46.0M | -$411.9M | -$445.1M | -$477.9M | -$435.1M |
| EBITDA | -$29.9M | -$373.4M | -$400.7M | -$417.9M | -$358.2M |
| EPS | $-0.12 | $-0.95 | $-0.96 | $-0.94 | $-0.76 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:34pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $320.7M | $235.4M | $142.5M | $140.9M | $230.5M |
| Total Current Assets | $1.5B | $1.1B | $1.1B | $922.3M | $981.6M |
| Total Assets | $1.7B | $1.5B | $1.5B | $1.3B | $1.3B |
| Current Liabilities | $30.6M | $46.8M | $57.1M | $64.9M | $61.5M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $107.1M | $155.9M | $161.8M | $164.5M | $139.2M |
| Total Equity | $1.6B | $1.3B | $1.3B | $1.2B | $1.2B |
| Retained Earnings | -$2.0B | -$2.4B | -$2.9B | -$3.4B | -$3.8B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:34pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$127.9M | -$218.0M | -$240.0M | -$274.6M | -$242.5M |
| Capital Expenditure | -$127.2M | -$158.8M | -$84.5M | -$62.1M | -$36.3M |
| Free Cash Flow | -$255.1M | -$376.9M | -$324.5M | -$336.7M | -$278.8M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $222.8M | -$85.3M | -$92.3M | -$1.7M | $89.7M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 12:59am (8h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$28.5M $1.5M – $55.6M
|
$393.7M $139.5M – $651.0M
|
$266.8M $94.5M – $441.2M
|
$495.0M $175.4M – $818.5M
|
| EBITDA | $0 | $0 | $0 | $0 |
| Net Income |
-$365.6M -$422.2M – -$301.6M
|
-$187.6M -$298.4M – -$76.8M
|
-$152.3M -$281.7M – -$24.5M
|
$13.6M $2.2M – $25.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:34pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | — | — | — |
| Gross Profit Growth | -145.8% | -16.2% | -37.7% | -26.7% |
| Operating Income Growth | -95.4% | -8.8% | -11.9% | +7.7% |
| Net Income Growth | -796.1% | -8.1% | -7.3% | +9.0% |
| EBITDA Growth | -1,150.5% | -7.3% | -4.3% | +14.3% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for QS — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30