QuantumScape Corp has recently released its 10-Q report, detailing its financial and operational performance. The company, based in San Jose, California, specializes in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. Founded in 2010, QuantumScape is a development-stage company with no revenue to date, having incurred a net loss from operations of approximately $123.6 million and $247.2 million for the three and six months ended June 30, 2025, respectively, with an accumulated deficit of approximately $3.6 billion from its inception through June 30, 2025.
The 10-Q report's "Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations" section delves into the company's key trends, opportunities, and uncertainties. QuantumScape emphasizes its focus on product development, specifically highlighting the progress made in the development of its solid-state separator and battery technology. The company has also been working on improving the quality, consistency, and reliability of its cells, as well as the throughput of its manufacturing process, and its cell design. QuantumScape has been investing in research and development to enhance battery cell performance, improve manufacturing processes, and reduce costs.
The report also discusses the company's collaboration with PowerCo, a company formed by Volkswagen, with the goal of industrializing the solid-state lithium-metal battery technology intended for QuantumScape's first planned product, the QSE-5. Additionally, QuantumScape has signed customer sampling agreements with several OEMs to test and validate its solid-state battery cells for potential inclusion in pre-production prototype vehicles and ultimately into serial production vehicles. The company believes its technology has applicability in various markets including stationary storage, consumer electronics, data centers, robotics, defense, and aviation.
In terms of access to capital, QuantumScape believes its cash resources will last into 2029. The company has taken steps to raise capital, including filing a shelf registration statement on Form S-3 with the SEC for the offer and sale of various securities, and conducting an "at-the-market" offering, which resulted in the sale of millions of shares of its Class A Common Stock for aggregate proceeds of approximately $128.5 million during the year ended December 31, 2024. QuantumScape also sold approximately 0.2 million shares of its Class A Common Stock for aggregate proceeds of approximately $0.9 million during the six months ended June 30, 2025.
QuantumScape's 10-Q report provides a detailed look at the company's financial condition, operational progress, and strategic initiatives, offering insights into its ongoing efforts to develop and commercialize its solid-state lithium-metal battery technology. Following these announcements, the company's shares moved -5.23%, and are now trading at a price of $11.97. Check out the company's full 10-Q submission here.
