SLDP (Solid Power, Inc.) Stock Financials & Earnings | Market Cap Arena

SLDP (Solid Power, Inc.) Stock Financials & Earnings | Market Cap Arena

SLDPSolid Power, Inc.

Mkt Cap$618M

Industrials·Electrical Equipment & Parts·🇺🇸 United States·NASDAQ

Revenue (TTM)$20M

Net Income (TTM)-$93M

EPS (TTM)-$0.51

Free Cash Flow (TTM)-$84M

Gross Margin5.5%

Op. Margin-507.6%

Net Margin-470.2%

FCF Margin-420.9%

P/S Ratio (TTM)31.1x

P/E Ratio (TTM)—

YoY Rev Growth-1.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$4M	-$2M	-$21M
Q2 23	$5M	-$2M	-$22M
Q3 23	$6M	-$817K	-$21M
Q4 23	$2M	-$5M	-$26M
Q1 24	$6M	$2M	-$26M
Q2 24	$5M	-$362K	-$27M
Q3 24	$5M	-$2M	-$28M
Q4 24	$4M	$876K	-$25M
Q1 25	$6M	$3M	-$24M
Q2 25	$6M	-$2M	-$26M
Q3 25	$4M	$100K	-$24M
Q4 25	$4M	-$345K	-$27M

Valuation

Quarter	P/S	P/E
Q1 23	46.2x	—
Q2 23	39.3x	—
Q3 23	32.1x	—
Q4 23	35.5x	—
Q1 24	31.6x	—
Q2 24	31.3x	—
Q3 24	34.3x	—
Q4 24	30.7x	—
Q1 25	30.6x	—
Q2 25	28.6x	—
Q3 25	29.9x	—
Q4 25	31.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$20M	-$31M
Q2 23	-$17M	-$26M
Q3 23	-$15M	-$24M
Q4 23	-$7M	-$12M
Q1 24	-$29M	-$33M
Q2 24	-$11M	-$16M
Q3 24	-$10M	-$13M
Q4 24	-$14M	-$19M
Q1 25	-$26M	-$29M
Q2 25	-$14M	-$17M
Q3 25	-$14M	-$15M
Q4 25	-$18M	-$22M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$12M
Q2 23	$10M
Q3 23	$9M
Q4 23	$5M
Q1 24	$4M
Q2 24	$5M
Q3 24	$3M
Q4 24	$5M
Q1 25	$3M
Q2 25	$3M
Q3 25	$570K
Q4 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+72.7%	+85.9%
Q2 23	+90.0%	+56.7%
Q3 23	+126.3%	+51.3%
Q4 23	-44.1%	+28.9%
Q1 24	+57.0%	+26.4%
Q2 24	+3.4%	+18.2%
Q3 24	-26.9%	+15.7%
Q4 24	+90.0%	+5.4%
Q1 25	+1.1%	-5.3%
Q2 25	+27.8%	+1.1%
Q3 25	-19.8%	-12.7%
Q4 25	-18.6%	+2.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	58.6%
Q2 23	$3M	59.6%
Q3 23	$3M	51.9%
Q4 23	$2M	81.9%
Q1 24	$3M	48.1%
Q2 24	$3M	60.1%
Q3 24	$3M	66.1%
Q4 24	$3M	66.9%
Q1 25	$2M	30.4%
Q2 25	$2M	33.2%
Q3 25	$2M	66.6%
Q4 25	$3M	69.5%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$12M	$7M
Q2 23	$15M	$6M
Q3 23	$14M	$6M
Q4 23	$14M	$6M
Q1 24	$19M	$9M
Q2 24	$19M	$8M
Q3 24	$17M	$8M
Q4 24	$19M	$7M
Q1 25	$19M	$8M
Q2 25	$18M	$7M
Q3 25	$18M	$7M
Q4 25	$17M	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$10M	$246M	$255M
Q2 23	$28M	$193M	$221M
Q3 23	$27M	$166M	$193M
Q4 23	$35M	$142M	$176M
Q1 24	$14M	$133M	$147M
Q2 24	$31M	$110M	$141M
Q3 24	$38M	$94M	$132M
Q4 24	$25M	$93M	$118M
Q1 25	$29M	$211M	$241M
Q2 25	$26M	$205M	$231M
Q3 25	$47M	$204M	$251M
Q4 25	$47M	$204M	$251M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	177M	+0.5%
Q2 23	178M	+0.6%
Q3 23	178M	+0.2%
Q4 23	178M	-0.2%
Q1 24	181M	+1.6%
Q2 24	178M	-1.8%
Q3 24	179M	+0.9%
Q4 24	180M	+0.4%
Q1 25	181M	+0.9%
Q2 25	180M	-0.6%
Q3 25	182M	+1.1%
Q4 25	185M	+1.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$21K	127
FY 22	$50K	236
FY 23	$64K	270
FY 24	$77K	260
FY 25	$95K	230