Logotype for QuantumScape Corporation

QuantumScape (QS) investor relations material

QuantumScape Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for QuantumScape Corporation
Q3 2025 earnings summary22 Oct, 2025

Executive summary

  • Unveiled the Ducati V21L race motorcycle with Volkswagen Group, showcasing next-gen battery tech at IAA Mobility in Munich.

  • Advanced collaboration with PowerCo SE (Volkswagen), with up to $130.7 million in project funding over two years, subject to milestones.

  • Began shipping Cobra-based QSC5 B1 samples and progressed with Ducati launch program.

  • Achieved $12.8 million in customer billings in Q3, marking a milestone in commercializing the capital-light business model.

  • Completed $400 million ATM equity offering, raising $264.2 million in Q3 2025.

Financial highlights

  • GAAP operating expenses were $115 million and GAAP net loss was $105.8 million in Q3.

  • Adjusted EBITDA loss was $61.4 million, in line with expectations.

  • Cash, cash equivalents, and marketable securities totaled $1.0 billion as of September 30, 2025.

  • Capital expenditures for Q3 were $9.6 million, mainly for Eagle Line equipment.

  • Operating expenses for Q3 2025 were $115.0 million, down 12% year-over-year.

Outlook and guidance

  • Full-year adjusted EBITDA loss guidance revised to $245 million–$260 million.

  • Full-year CapEx guidance revised to $30 million–$40 million due to efficiency gains and timing changes.

  • Cash runway now projected through the end of the decade, a 12-month extension from prior guidance.

  • Ongoing significant R&D and capital expenditures anticipated as the company advances toward commercialization.

  • Future revenue dependent on successful achievement of technical milestones and commercialization agreements.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next QuantumScape earnings date

Logotype for QuantumScape Corporation
Q4 202512 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next QuantumScape earnings date

Logotype for QuantumScape Corporation
Q4 202512 Feb, 2026

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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. QuantumScape is creating solid state battery cells that will power the next generation of electric vehicles. The solid state technology, which permits a significantly higher energy density, overcomes the significant limitations of current lithium ion batteries. QuantumScape Corporation is based in San Jose, California.

Quartr provides global coverage of all investor relation material from public companies.

  • 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.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage