For the year ending 2025-12-31, QS had $85,265K increase in cash & cash equivalents over the period. -$278,750K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -435,050 | -477,942 | -445,079 | -411,896 |
| Depreciation and amortization | 65,570 | 57,781 | 41,958 | 28,280 |
| Amortization of right-of-use assets and non-cash lease expense | 7,652 | 8,010 | 7,791 | 7,843 |
| Accretion of discounts on marketable securities | 18,967 | 29,313 | 18,908 | -3,989 |
| Stock-based compensation expense | 127,462 | 144,653 | 166,297 | 127,110 |
| Write-off of property and equipment | 26,574 | 13,347 | 21,528 | 13,695 |
| Other | 4,043 | -109 | -469 | -840 |
| Prepaid expenses and other current assets and other assets | -1,313 | 893 | 7,533 | -5,048 |
| Accounts payable, accrued liabilities and accrued compensation and benefits | -6,802 | 14,965 | -2,904 | 5,611 |
| Operating lease liability | -4,833 | -5,059 | -3,410 | -844 |
| Other liabilities | -1,349 | -213 | -234 | 2,300 |
| Net cash used in operating activities | -242,473 | -274,555 | -240,025 | -218,024 |
| Purchases of property and equipment | 36,277 | 62,131 | 84,510 | 158,845 |
| Proceeds from maturities of marketable securities | 1,125,864 | 1,484,857 | 1,041,528 | 837,410 |
| Proceeds from sales of marketable securities | - | 1,245 | 1,477 | 15,105 |
| Purchases of marketable securities | 1,077,048 | 1,295,102 | 1,111,027 | 569,551 |
| Other | -2,393 | - | - | - |
| Net cash (used in) provided by investing activities | 14,932 | 128,869 | -152,532 | 124,119 |
| Proceeds from exercise of stock options and employee stock purchase plan | 32,347 | 20,091 | 14,022 | 9,407 |
| Proceeds from issuance of common stock | 268,654 | 128,529 | 288,164 | - |
| Common stock issuance costs paid | 4,488 | - | - | - |
| Principal payment for finance lease | 3,233 | 2,907 | 1,973 | - |
| Principal payment for finance lease, net of credit | - | - | - | 809 |
| Dissolution of joint venture | - | 1,685 | - | - |
| Cash received under collaboration agreement - related party | 19,526 | - | - | - |
| Net cash provided by financing activities | 312,806 | 144,028 | 300,213 | 8,598 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 85,265 | -1,658 | -92,344 | -85,307 |
| Cash, cash equivalents and restricted cash at beginning of period | 158,914 | 160,572 | 252,916 | 338,223 |
| Cash, cash equivalents and restricted cash at end of period | 244,179 | 158,914 | 160,572 | 252,916 |
QuantumScape Corp (QS)
QuantumScape Corp (QS)