QuantumScape Corporation (QS) Stock

QuantumScape Corporation (QS) is a Industrials stock trading at $5.70 (as of 2026-08-20), with a market capitalization of $3.52B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

QuantumScape Corporation, together with its subsidiaries, develops and works toward commercializing solid-state lithium-metal batteries. Its efforts are directed toward electric vehicle applications and other uses in the United States.

Understand QuantumScape Corporation: how it makes money

QuantumScape develops and commercializes solid-state lithium-metal batteries for electric vehicles and other applications, with commercialization driven by technology-license production and related customer billings and cash received.

The profit model depends on scaling from battery R&D and prototype testing into technology-license production volume, then converting that progress into customer billings that generate cash received.

Business quality (Weak): A clear operating focus on moving from technical milestones to licensed production and customer cash, but there is no reportable revenue segment breakdown provided, and the latest quarter shows revenue as 0.0B with a very negative operating margin.

Bull case

  • Commercialization is tracked through customer billings cash received, linking progress to cash generation: The provided operating KPI set includes both billings cash received and billings, which reflects a direct path from execution to monetization.
  • Manufacturing progress is measurable via production-related KPIs: The KPI list includes production activity metrics such as average weekly separator film starts, alongside technology-license production volume options.

Bear case

  • Uncertainty and continued losses in the near term: In the latest reported period, revenue is shown as 0.0B and operating margin is strongly negative (-1228.1%).
  • Commercial success depends on successful scale-up of licensed production volume and related execution: The KPI list highlights initial and expanded production volume under technology license and capacity option increases, implying the business must reach and sustain specific ramp levels to monetize.
Valuation — source: SEC EDGAR (first-party)
Price$5.70
Market Cap$3.52B
Price / Book3.36
Price / Sales94.63
FCF Yield-7.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$38.63M
Net Margin-1126.1%
Revenue Growth (YoY)-6.5%
EPS Growth (YoY)-20.0%
FCF Growth (YoY)-12.5%
Financial Health — source: SEC EDGAR
Altman Z-Score9.77 (safe)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($426.79M)
Institutional Holders Tracked10
Congressional Trades (recent)8
Company
SectorIndustrials
IndustryElectrical Equipment
CEOSiva Sivaram
Employees800
CountryUS
IPO Date2020-08-17

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QS earnings history · QS institutional & insider holders · QS KPIs & operating metrics · QS financials · QS investor presentations & press releases · QS SEC filings · QS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.