5D·

QuantumScape Corporation reported earnings Q1 FY2025 results ended on Mar 31, 2025

$QS


- Revenue: $0 (pre-commercial stage)

- Net loss: $114.4M or ($0.21)/share vs $120.6M or ($0.24)/share in Q1 2024

- Cash & marketable securities: $860.3M


CEO Siva Sivaram: "We believe our technology edge, when combined with our strong balance sheet and consistent record of execution, sets us apart as the clear leader in solid-state batteries."


🌱Revenue & Growth

- No revenue reported (development stage)

- Capex: $5.8M in Q1, FY guidance maintained at $45M–$75M

- Adjusted EBITDA loss: $64.6M vs $76.2M in Q1 2024

- Cobra separator process on track to enter baseline production Q2


💰Profits & Health

- GAAP net loss: $114.4M vs $120.6M in Q1 2024

- R&D: $95.6M vs $83.8M in Q1 2024

- G&A: $28.0M vs $48.1M in Q1 2024

- Cash + marketable securities: $860.3M

- Cash runway: extended into 2H28

- Adjusted EBITDA FY guidance: ($250M)–($280M)


📌Business Highlights

- Shipped QSE-5 samples to launch customer for integration/testing

- Cobra separator qualification underway; ahead of schedule

- PowerCo engagement deepened, field testing of B1 cells to begin 2026

- Strategic agreement with Murata Manufacturing for ceramics collaboration

- Released Strategic Blueprint for global solid-state battery commercialization


🔮Future Outlook

- Cobra process to baseline in Q2 2025

- Begin QSE-5 B1 sample shipments in 2025

- Continue building global manufacturing and tech ecosystem

- Strengthen customer base beyond PowerCo with additional OEMs

- Maintain capital efficiency while progressing to commercialization

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