)

QuantumScape (QS) investor relations material
QuantumScape Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Expanded and amended collaboration with PowerCo includes up to $131M in new payments over two years, supporting joint commercialization, scale-up, and industrialization, with initial milestones achieved.
Entered a joint development agreement with a second major global automotive OEM to progress toward commercialization and licensing.
COBRA process replaced Raptor as the baseline separator production method, significantly improving efficiency and enabling higher sample output.
Remains a pre-revenue, development-stage company focused on solid-state lithium-metal battery technology, with no commercial revenue as of June 30, 2025.
Terminated a major facility lease, incurring a loss of less than $10 million in Q3 2025.
Financial highlights
Q2 capital expenditures were $8.3M, mainly for facilities and equipment to support higher volume COBRA-based sample production.
GAAP operating expenses and net loss in Q2 were $123.6M and $114.7M, respectively; adjusted EBITDA loss was $63M.
Ended Q2 with $797.5M in liquidity; total assets were $1.17B as of June 30, 2025.
Full-year CapEx guidance narrowed to $45M–$65M; adjusted EBITDA loss guidance narrowed to $250M–$270M.
No revenue recognized from principal business activities.
Outlook and guidance
Cash runway forecast extended into 2029, a six-month improvement, assuming current business plan and successful transition to a licensing model.
Plan to invoice PowerCo for over $10M in Q3 for development work already performed; accounting treatment for these payments is under review.
Ongoing focus on achieving technical and commercial milestones for QSE-5 battery and scaling up pilot line production.
Expects continued significant operating losses until commercial production begins.
Additional customer inflows or capital markets activity could further extend cash runway beyond 2029.
Next QuantumScape earnings date

Next QuantumScape earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage