Solid Power
Develops sulfide electrolytes and cell designs for all-solid-state electric-vehicle batteries.
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Profile
Develops sulfide-based solid electrolytes and all-solid-state battery cell designs for electric vehicles, with revenue tied mainly to partner programs, licensing, materials supply, and grant-funded development. Operations are concentrated in Colorado and reported as one segment.
Builds sulfide-based solid electrolyte and all-solid-state battery cell designs for electric vehicles, replacing the liquid or gel electrolytes used in conventional lithium-ion cells. The current product surface includes electrolyte material and cell designs for lithium-metal, conversion-reaction, and silicon EV cells.
Runs a supplier and licensing model rather than a plan to become a commercial battery-cell manufacturer. Revenue is still tied mainly to collaboration milestones, pilot-line services, materials delivery, and grant-funded development rather than high-volume product sales.
Operates from Louisville, Colorado as a single reportable segment. Commercial progress depends on partner validation with BMW, SK On, and Samsung SDI, technical execution on electrolyte scale-up, commercial agreements, government assistance programs, EV adoption, and supply-chain conditions.
Company facts
Key statistics
Year to date −49.8% · Average volume (30d) 3.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jun 10, 2026 | Industrial Alliance Securities | Target | $6.75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$0.12 | −$0.11 | +8.3% | $1.6M | −$1.0M | −165.4% | −6.96% |
| May 5, 2026Q1 FY26 | −$0.12 | −$0.06 | +50.0% | $3.3M | $3.1M | −7.8% | −4.56% |
| Feb 24, 2026Q4 FY25 | −$0.16 | −$0.14 | +12.5% | $2.5M | $843.0K | −66.3% | +3.95% |
| Nov 4, 2025Q3 FY25 | −$0.16 | −$0.14 | +12.5% | $2.5M | $3.7M | +49.3% | +51.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.0M | $7.5M | $4.6M | $3.6M | $3.1M | −$1.0M | |
| Gross profit | $888.5K | −$922.0K | −$1.6M | −$2.2M | −$3.0M | −$3.1M | |
| Operating income | −$24.0M | −$25.9M | −$24.4M | −$26.5M | −$26.3M | −$30.3M | |
| Net income | −$15.2M | −$25.3M | −$25.9M | −$27.1M | −$13.0M | −$23.8M | |
| Diluted EPS | −$0.08 | −$0.14 | −$0.14 | −$0.15 | −$0.06 | −$0.11 | |
| Gross margin | 14.8% | -12.2% | -34.0% | -61.4% | -97.4% | — | |
| Operating margin | -399.4% | -343.1% | -535.6% | -730.1% | -857.3% | — |
Fiscal years (4-quarter sums)FY21 $2.7M · FY22 $11.8M · FY23 $17.4M · FY24 $20.1M · FY25 $21.7M
Revenue by product · Q1 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $242.4M · Total debt $7.5M · Total assets $527.1M · Shareholders' equity $501.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 224.98M · Float 194.48M · 86.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| CVI Investments, Inc. | 21.11M | 9.90% | 13G | Feb 4, 2026 |
| BlackRock, Inc. | 17.12M | 7.61% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 8.43M | 3.75% | 13F | Aug 13, 2026 |
| State Street Corp | 5.79M | 2.57% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 5.16M | 2.29% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 20, 2026 | Lesa B. Roe | director | −39,207 | $2.66 |
| Dec 4, 2025 | Erik J. Anderson | director | −30,000 | $5.20 |
Peers
- QuantumScape
Pure-play solid-state battery rival with OEM licensing path
- Toyota Motor (ADR)
OEM-led all-solid-state platform with sulfide electrolyte partner
- S.E.S. AI
AI-enhanced lithium-metal and battery-materials peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Solid Power | $2.31 | −1.07% | $524.2M | — | — | 51.2 | −115.7% |
| QuantumScape | $5.65 | +0.70% | $3.45B | — | — | — | — |
| Toyota Motor (ADR) | $194.76 | +0.09% | $230.30B | 8.7 | 13.7 | 0.7 | +0.1% |
| S.E.S. AI | $0.5280 | +1.13% | $190.3M | — | — | 8.1 | +44.6% |
| Median | 8.7 | 13.7 | 4.4 | +22.3% |





