QuantumScape is a solid-state battery company trying to commercialize lithium-metal cells for electric vehicles. The stock thesis depends on manufacturing scale-up, Volkswagen/PowerCo validation, cash runway, and whether QSE-5 cells can move from pilot production to durable automotive revenue.
QuantumScape Corporation (QS) Stock Price & Market Analysis
QS · NASDAQ · Auto - Parts
DelayedExact provider delay not stated
$4.57
▼ -$0.0200(-0.44%)4:00 PM ET - vs previous closeQuote as of Oct 2, 2026, 4:00 PM EDT
Regular-session close · Oct 2, 2026, 4:00 PM EDT.
Yahoo Finance · delayed, minutes not stated · as of Oct 2, 2026, 4:00 PM EDT · current source
Last session10%
$4.55L Oct 2 '26$4.75H Oct 2 '26
52-week0%
$4.54L Sep 28 '26$19.07H Oct 15 '25
Long-term ranges5Y, Available historyHide
5Y3%
$3.40L Apr 8 '25$43.08H Nov 15 '21
Available history(2020-08-17)1%
$3.40L Apr 8 '25$132.73H Dec 22 '20
Available history: 2020-08-17–2026-10-02. This is the supplied data window, not a verified inception date. Range extremes use intraday highs/lows where supplied, otherwise closes. Provider-reported; adjustment basis unspecified. The separate 52-week range uses Yahoo Finance figures; its adjustment basis is unspecified.
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PriceAt closeLast traded
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Reported fundamentals
QS research snapshot
Annual revenue
Not reported
Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.
Revenue change
Not comparable
Change versus the fiscal year ended Dec 31, 2024.
Net profit margin
Not reported
Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · Profile
About QuantumScape Corporation (QS)
Sector, leadership, and how QuantumScape Corporation earns its revenue.
Consumer Cyclical
Company · Profile
About QuantumScape Corporation (QS)
Sector, leadership, and how QuantumScape Corporation earns its revenue.
QuantumScape Corporation
NASDAQ · QS · US
Company narrative is editorial context. Narratives and leadership records are excluded from current quality ratings.
- Sector
- Consumer Cyclical
- Industry
- Auto - Parts
- Headquarters
- San Jose, CA, United States
- Country
- US
- Founded
- 2020
- Employees
- 700
- CEO
- Siva Sivaram
- Exchange
- NASDAQ
How QuantumScape Corporation makes money
Technology
Solid-state batteries are the core bet
QuantumScape replaces liquid electrolyte with a proprietary ceramic separator, targeting higher energy density, faster charging, better safety, and longer cycle life than conventional lithium-ion packs.
Manufacturing
Cobra and Eagle Line are the proof points
The source article emphasized Cobra separator processing and the Eagle Line pilot facility because manufacturing throughput is what turns lab performance into automotive economics.
Commercial path
Customer billings matter more than demos
Early customer billings and partner validation suggest progress, but QS still needs qualification, volume production, and durable revenue before the thesis is de-risked.
Risk
Cash runway buys time but not certainty
QuantumScape has liquidity, but delays, competitive pressure, or more capital needs can still dilute shareholders if commercialization takes longer than expected.
Key takeaways for QS
QS is a speculative battery-technology commercialization story, not a mature auto supplier.
The bull case rests on Cobra manufacturing, QSE-5 validation, and Volkswagen/PowerCo demand converting into revenue.
The bear case is that solid-state timelines stretch while competitors and cash burn keep pressuring equity value.
Business model & operating evidence
AI business exposure
- Revenue exposure
- AI-specific revenue is not separated in the available company statements.
- Capital-spending dependency
- No reviewed quantitative dependency model is available.
- Compute role
- See the sourced business description; AI labels do not establish compute revenue.
- Platform examples
- An exhaustive, consistently defined product inventory is unavailable.
- Ecosystem links
- Supplier and customer links require reviewed disclosures.
Narrative versus numbers
Demand is expanding
Insufficient evidence: Unavailable
Year-over-year growth in the latest quarter. This is not the fiscal-year revenue change in the snapshot above. · Company financial statements · 2026-06-30
Growth produces accounting profit
Insufficient evidence: Unavailable
Trailing net margin. A positive figure supports profitability, not cash generation, and it is not the fiscal-year margin above. · Company financial statements · 2026-06-30
The business generates cash after investment
Contradicting observation: USD -61.37M
Latest reported free cash flow. It is not a forecast and it is not the fiscal-year snapshot. · SEC Companyfacts · 2026-06-30
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- EPS
- -$0.16quarter ended Jun 30, 2026
- Capital expenditure
- $4.62Mquarter ended Jun 30, 2026
- Free cash flow
- -$61.37Mquarter ended Jun 30, 2026
Leadership
CEO: Siva Sivaram
Source: Financial Modeling Prep · 2026-10-03T00:10:22.164Z
Ownership filings and insider activityCompetitors & comparisons
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Governance & sustainability
All data sources
Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.
Research tools
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Next open: 2026-10-05 · 9:30 AM America/New_York
Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
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