QuantumScape Corp has recently released its 10-Q report, providing insights into the company's financial status and operations. The company, headquartered in San Jose, California, is focused on developing and commercializing solid-state lithium-metal batteries for electric vehicles and other applications. Founded in 2010, QuantumScape Corporation is a development-stage company with no revenue to date, having incurred a net loss from operations of approximately $115.0 million and $362.2 million for the three and nine months ended September 30, 2025, respectively, with an accumulated deficit of approximately $3.7 billion from its inception through September 30, 2025.
In the 10-Q report, QuantumScape Corporation discussed key trends, opportunities, and uncertainties that it faces as a pre-revenue company. The report highlighted the company's focus on product development, including the demonstration of capabilities of its solid-state separator and battery technology, shipment of prototype battery cells to multiple OEMs for testing, and the production of low volumes of B-sample cells for automotive customer testing. Additionally, the company showcased its solid-state lithium metal batteries powering an electric vehicle at the IAA Munich in September 2025, marking a significant milestone in its research and development efforts.
QuantumScape Corporation also emphasized its efforts in process development, particularly in the continuous improvement of its proprietary solid-state ceramic separator and the reduction of cost, increase in throughput, and improvement in quality. The company's focus on commercialization and market focus was evident in its collaboration with PowerCo SE, entering into a collaboration agreement with the goal of industrializing the solid-state lithium-metal battery technology for its planned product, the QSE-5. Furthermore, QuantumScape Corporation intends to continue working closely with automotive OEMs to make its solid-state battery cells widely available over time, with a focus on automotive EV applications.
The 10-Q report also addressed the company's access to capital, stating that based on its current business plan, QuantumScape Corporation believes that its cash resources will last through 2029. However, the report also highlighted potential factors that could impact the availability of its capital resources, such as changes to its technology development, operating costs, and scale-up. The company acknowledged the possibility of needing additional cash resources due to changed business conditions or other developments, indicating that it may need to seek additional equity or debt financing if such resources are insufficient.
The 10-Q report provides a comprehensive overview of QuantumScape Corporation's financial condition, operations, and key initiatives, shedding light on the company's progress and challenges as it continues to advance its solid-state lithium-metal battery technology. Today the company's shares have moved 7.95% to a price of $14.66. If you want to know more, read the company's complete 10-Q report here.
