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
Delayed
$4.11
▲ +$0.1250(+3.14%)3:43 PM ET - vs previous closeQuote as of Oct 22, 2026, 3:43 PM EDT
NASDAQ regular-session quote as of Oct 22, 2026, 3:43 PM EDT.
Last session34%
$3.90L Oct 22 '26$4.51H Oct 22 '26
52-week range2%
$3.80L Oct 15 '26$18.56H Oct 31 '25
Long-term ranges5Y, Available historyHide
5Y2%
$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
Historical range: 2020-08-17–2026-10-22. Earlier trading may not be included.
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Data dates
PriceDelayedLast traded
FundamentalsLast checked
AnalystLast checked
NewsLatest item
Reported fundamentals
QS financial overview
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 · ProfileAbout QuantumScape Corporation (QS)Sector, leadership, and how QuantumScape Corporation earns its revenue.Consumer Cyclical
QuantumScape Corporation
NASDAQ · QS · US
Company overview.
- Sector
- Consumer Cyclical
- Industry
- Auto - Parts
- Headquarters
- San Jose, CA, United States
- Country
- US
- Founded
- 2020
- Employees
- 700
- CEO
- Dr. Srinivasan Sivaram Ph.D.
- 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
Cobra separator processing and the Eagle Line pilot facility matter because manufacturing throughput 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 evidenceExplore business exposure, reported operating measures and the evidence behind growth and profitability claims.
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 differs from the fiscal-year revenue change shown above. · Date unavailable
Growth produces accounting profit
Insufficient evidence: Unavailable
Reported-period net margin. A positive figure supports accounting profitability, not cash generation. · Date unavailable
The business generates cash after investment
Contradicting observation: USD -61.37M
Latest reported free cash flow. It is not a forecast and may cover a different period from the fiscal-year figures above. · 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
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Reviewed company relationships
Direct competitors, industry comparables and thematic alternatives have different uses. Compare fiscal periods and business mix before comparing multiples.
Company-specific relationship evidence is not included in this snapshot. Explore the industry comparisons below without assuming that every comparable is a direct competitor.
A disclosed relationship is historical evidence, not a current valuation or a recommendation.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
Research tools
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Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-10-23 · 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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