SOLID POWER, INC. financials
Source: EDGAR filings · Built 2026-06-02T04:03:08Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -83.88M | -80.22M | -93.08M | -92.26M | -38.06M | -11.02M |
| EBITDA | -82.41M | -88.87M | -78.66M | -53.94M | -24.19M | -9.53M |
| Working Capital | 250.63M | 105.27M | 167.24M | 307.07M | 586.01M | 3.63M |
| Net Debt | -13.35M | -16.01M | -24.98M | -40.07M | -513.32M | -1.36M |
| Operating Margin | -562.90% | -523.03% | -520.51% | -501.48% | -978.83% | -551.26% |
| Net Margin | -521.46% | -479.27% | -376.50% | -81.05% | 667.11% | -683.55% |
| Return on Equity (ROE) | -22.47% | -23.53% | -13.02% | -1.72% | 3.24% | -371.26% |
| Return on Assets (ROA) | -20.53% | -21.53% | -12.30% | -1.61% | 2.93% | -101.18% |
| Current Ratio | 15.92× | 6.27× | 11.53× | 15.81× | 71.05× | 2.97× |
| Debt-to-Equity | 0.02× | 0.02× | 0.02× | 0.02× | 0.00× | 0.93× |
| Effective Tax Rate | 0.01% | -1.25% | -0.00% | 2.32% | -0.14% | -0.83% |
| Cash Conversion Ratio | 0.79× | 0.66× | 0.89× | 3.54× | -1.41× | 0.70× |
| Accruals Ratio | -0.04× | -0.07× | -0.01× | 0.04× | 0.07× | -0.31× |
| SBC % of Revenue | 50.19% | 59.45% | 59.56% | 73.56% | 100.07% | 8.65% |
| CapEx Coverage | -7.00× | -3.92× | -1.67× | -0.58× | -2.02× | -9.80× |
| Free Cash Flow Per Share | $-0.46 | $-0.45 | $-0.53 | $-0.48 | $-0.23 | $-0.16 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | 79.45× | — |
| P/S | 47.73× | 16.93× | 14.91× | 37.92× | 539.99× | — |
| P/B | 2.06× | 0.83× | 0.52× | 0.81× | 2.62× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 17.91M | 20.14M | — | — | — | — |
| Revenues | 21.75M | 20.14M | 17.41M | 11.79M | 2.71M | 2.10M |
| Research and Development Expense | 72.51M | 73.34M | 54.75M | 38.59M | 17.10M | 9.59M |
| Selling, General and Administrative Expense | 29.42M | 31.85M | — | — | — | — |
| Operating Expenses | 122.58M | 125.47M | 108.03M | 70.91M | 29.26M | 13.70M |
| Operating Income (Loss) | -100.83M | -105.33M | -90.62M | -59.12M | -26.55M | -11.59M |
| Income Tax Expense (Benefit) | -8.00K | 1.19M | 2.00K | -227.00K | -25.00K | 118.00K |
| Net Income (Loss) Attributable to Parent | -93.41M | -96.52M | -65.55M | -9.55M | 18.09M | -14.38M |
| Earnings Per Share, Basic | $-0.51 | $-0.54 | $-0.37 | $-0.05 | $0.13 | $-0.21 |
| Weighted Average Number of Shares Outstanding, Basic | 184.90M | 179.40M | 178.01M | 174.37M | 95.48M | 69.23M |
| Earnings Per Share, Diluted | $-0.51 | $-0.54 | $-0.37 | $-0.05 | $0.11 | $-0.21 |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 21.61M | 25.41M | 34.54M | 50.12M | 513.45M | 4.97M |
| Assets, Current | 267.43M | 125.24M | 183.12M | 327.81M | 594.38M | 5.48M |
| Assets | 455.09M | 448.25M | 532.79M | 594.45M | 617.68M | 14.21M |
| Long-term Debt | — | — | — | 7.00K | 130.00K | 2.72M |
| Liabilities, Current | 16.80M | 19.97M | 15.88M | 20.73M | 8.37M | 1.84M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | 10.00K | 1.49M |
| Liabilities | 38.92M | 37.94M | 29.46M | 39.07M | 59.02M | 10.34M |
| Stockholders' Equity Attributable to Parent | 415.70M | 410.28M | 503.33M | 555.37M | 558.66M | 3.87M |
| Common Stock, Shares, Outstanding | 201.18M | 180.36M | 179.01M | 176.01M | 167.56M | 69.89M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -73.39M | -63.90M | -58.26M | -33.82M | -25.44M | -9.99M |
| Payments to Acquire Property, Plant, and Equipment | 10.21M | 15.94M | 34.51M | 58.30M | 12.62M | 1.02M |
| Net Cash Provided by (Used in) Investing Activities | -19.90M | 64.20M | 42.50M | -429.99M | -88.88M | -1.06M |
| Payments for Repurchase of Common Stock | 3.59M | 9.07M | — | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | 89.48M | -9.43M | 173.00K | 485.00K | 622.80M | 5.39M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -20.48M | -23.04M | -60.68M | -45.86M | -28.73M | -18.67M |
| EBITDA | -21.61M | -21.86M | — | — | -19.49M | -20.55M |
| Working Capital | 257.69M | 250.63M | 245.57M | 227.27M | 238.85M | 105.27M |
| Net Debt | -23.53M | -13.35M | -38.76M | -17.45M | -20.32M | -16.01M |
| Operating Margin | -1251.59% | -1031.16% | -654.39% | -398.94% | -468.86% | -561.08% |
| Net Margin | -618.91% | -1052.31% | -693.11% | -390.72% | -295.63% | -686.55% |
| Return on Equity (ROE) | -2.48% | -6.51% | -6.79% | -6.84% | -3.82% | -7.46% |
| Return on Assets (ROA) | -2.35% | -5.95% | -6.22% | -6.37% | -3.61% | -6.83% |
| Current Ratio | 16.11× | 15.92× | 15.78× | 19.33× | 23.90× | 6.27× |
| Debt-to-Equity | 0.02× | 0.02× | 0.02× | 0.02× | 0.02× | 0.02× |
| Effective Tax Rate | -0.65% | 1.36% | -1.45% | -0.02% | — | -1.02% |
| Cash Conversion Ratio | 1.44× | 0.68× | 2.13× | 1.61× | 1.74× | 0.45× |
| Accruals Ratio | 0.01× | -0.02× | 0.07× | 0.04× | 0.03× | -0.04× |
| SBC % of Revenue | 128.55% | 98.13% | 173.29% | 61.42% | 35.71% | 66.93% |
| CapEx Coverage | -10.88× | -3.96× | -9.69× | -7.95× | -10.77× | -2.89× |
| Free Cash Flow Per Share | $-0.09 | $-0.12 | $-0.33 | $-0.25 | $-0.16 | $-0.10 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.10M | 2.57M | 3.73M | 6.49M | 5.13M | 4.46M |
| Revenues | 3.07M | 3.63M | 4.56M | 7.54M | 6.02M | 4.46M |
| Research and Development Expense | 17.75M | 16.87M | 18.28M | 18.34M | 19.02M | 18.62M |
| Operating Expenses | 29.42M | 30.14M | 28.98M | 33.41M | 30.05M | 29.48M |
| Operating Income (Loss) | -26.35M | -26.51M | -24.42M | -25.87M | -24.03M | -25.02M |
| Income Tax Expense (Benefit) | 84.00K | -373.00K | 360.00K | 6.00K | — | 307.00K |
| Net Income (Loss) Attributable to Parent | -13.03M | -27.05M | -25.87M | -25.34M | -15.15M | -30.62M |
| Earnings Per Share, Basic | $-0.06 | $-0.14 | $-0.14 | $-0.14 | $-0.08 | $-0.17 |
| Weighted Average Number of Shares Outstanding, Basic | 217.30M | 184.90M | 182.35M | 180.34M | 181.40M | 179.40M |
| Earnings Per Share, Diluted | $-0.06 | $-0.14 | $-0.14 | $-0.14 | $-0.08 | $-0.17 |
| Weighted Average Number of Shares Outstanding, Diluted | 217.30M | — | — | — | 181.40M | — |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 31.51M | 21.61M | 47.29M | 26.25M | 29.45M | 25.41M |
| Assets, Current | 274.74M | 267.43M | 262.18M | 239.67M | 249.28M | 125.24M |
| Assets | 554.73M | 455.09M | 416.14M | 398.00M | 419.39M | 448.25M |
| Liabilities, Current | 17.05M | 16.80M | 16.61M | 12.40M | 10.43M | 19.97M |
| Liabilities | 29.27M | 38.92M | 34.65M | 27.22M | 22.27M | 37.94M |
| Stockholders' Equity Attributable to Parent | 525.06M | 415.70M | 381.19M | 370.63M | 397.07M | 410.28M |
| Common Stock, Shares, Outstanding | 224.52M | 201.18M | 190.21M | 180.71M | 182.45M | 180.36M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.75M | -18.39M | -55.00M | -40.73M | -26.29M | -13.87M |
| Payments to Acquire Property, Plant, and Equipment | 1.67M | 4.59M | 5.61M | 5.04M | 2.35M | 4.71M |
| Net Cash Provided by (Used in) Investing Activities | -92.29M | -66.00M | 46.10M | 45.07M | 30.50M | 2.06M |
| Payments for Repurchase of Common Stock | — | 0 | 3.59M | 3.59M | — | 798.00K |
| Net Cash Provided by (Used in) Financing Activities | 120.94M | 58.71M | 30.78M | -3.50M | -167.00K | -752.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SLDP CIK 0001844862),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.