QuantumScape (QS -6. 64%), an advanced battery nology company solid-state lithium-metal batteries, released its fiscal second-quarter results on July 23, 2025, considering recent developments.
Nevertheless, The most noteworthy news was the company’s expanded partnership with PowerCo, a Volkswagen subsidiary, which could bring in up to $131 million in milestone payments over the next two years, and the successful gress toward new commercial and nological milestones, considering recent developments.
QuantumScape reported a GAAP earnings loss of $0. 20 per, which was $0, in light of current trends. 01 per better than the consensus per- loss estimate of $0 (something worth watching).
On the other hand, The company did not report any revenue, in line with both analyst expectations and prior periods.
Overall, the quarter demonstrated disciplined cost control, new strategic validation, and gress on core nology, while the company remains in a pre-revenue and investment phase.
MetricQ2 2025Q2 2025 EstimateQ2 2024Y/Y ChangeEPS (GAAP)($0. However, 25)N/AAdjusted EBITDA($63. 0 million)($72 (something worth watching). 5 million)N/AOperating expenses$123. However, 6 million$131.
At the same time, 9 million(6, in today's market environment. 3%)Liquidity (end of period)$797.
Meanwhile, 5 millionN/AN/A Source: QuantumScape (something worth watching), in today's market environment. Note: Analyst consensus estimates for the quarter vided by FactSet.
Moreover, QuantumScape and Its ModelQuantumScape develops solid-state lithium-metal batteries int to offer higher energy density, faster charging, and better safety than traditional lithium-ion batteries (an important development), in light of current trends.
Its nology relies on a prietary solid-state ceramic electrolyte separator, designed to prevent dendrite formation and enable the use of lithium-metal anodes, considering recent developments.
This leads to the conclusion that se innovations are seen as critical for electric vehicles (EVs), as they address limitations in current battery designs.
The company’s key focus is transitioning from totype to scalable commercial duction.
However, Strategic partnerships, such as its collaboration with Volkswagen and PowerCo, underpin these efforts by viding both nology validation and access to major automotive networks (noteworthy indeed).
On the other hand, In contrast, QuantumScape's model is characterized by a capital-light, licensing and royalty apach, aiming to monetize nology through milestone and licensing agreements rather than direct manufacturing at scale.
Quarter Highlights: Financial and Operational gressThe quarter a narrowing of GAAP net losses and a reduction in GAAP operating expenses compared to Q2 FY2024.
Moreover, In contrast, Net loss for the period was $114 (an important development). 7 million, imved from $122. On the other hand, 953 million in the same quarter last year.
Furthermore, GAAP operating expenses dropped 8. Moreover, 1% compared to Q2 2024, with cuts primarily in general and administrative costs, which fell to $22, in this volatile climate.
However, 4 million from $36. 7 million the prior year (GAAP). This reduction allowed QuantumScape to report a GAAP EPS of -0. 20 that beat estimates, though the result was still a sizable loss.
On the other hand, Re and development investment (GAAP) increased slightly to $101.
Additionally, 2 million, signaling sustained focus on nological advancement and scaling duction, in light of current trends. The company also spent $8.
Moreover, Moreover, 3 million in capital expenditures, mostly on equipment and facilities to ramp up its QSE-5 B1 pilot cell gram using the newly adopted Cobra manufacturing cess.
On the other hand, Moreover, Liquidity at the end of the quarter stood at $797. 5 million, supporting operations and extending its cash runway through 2029.
The company continues to minimize exposure to debt, with minimal interest expense reported, in today's financial world.
Strategically, an expanded partnership with PowerCo was one of the most critical developments.
Furthermore, The deal secures up to $131 million in milestone payments over two years, on top of previously announced funding of up to $130 million.
On the other hand, PowerCo also received the right to license QuantumScape’s nology for duction volumes up to 85 gigawatt-hours (GWh) annually and the future option to access additional advancements.
The company maintained non-exclusive rights, preserving opportunities to work with new customers in the automotive sector and announced a new joint development agreement with another major auto original equipment manufacturer (OEM).
Conversely, Operationally, QuantumScape shifted its separator manufacturing baseline from the Raptor cess to the new Cobra cess.
Management claims this resulted in more than a 200x imvement in heat treatment speed for the core battery separator component over the past two years—vital for upcoming B1 sample shipments in 2025.
The company shipping of legacy Raptor-based B0 samples and continues to target initial customer field testing for 2026.
With continued collaboration with Murata Manufacturing and new customer partners, the company is broadening its reach in pursuit of commercialization.
Meanwhile, Looking Ahead: Guidance and Near-Term FocusQuantumScape revised its FY2025 guidance for adjusted EBITDA loss to a range of $250 million to $270 million, a narrower and imved outlook from prior expectations.
Capital expenditures are now expected to fall between $45 million and $65 million, reflecting continued cost controls.
Management did not vide specific revenue guidance, which is consistent for a company in the pre-commercial stage, in today's financial world.
No forward revenue outlook was offered for upcoming quarters.
However, Investors are expected to watch the pace of B1 pilot cell shipments, gress on licensing agreements, and further partnership announcements for signs of advancement toward commercial duction.
On the other hand, Monitoring of the company’s ability to scale manufacturing, control costs, and secure additional milestone payments will be key priorities as QuantumScape moves closer to potential commercialization.
Revenue and net income presented using U. Generally accepted accounting principles (GAAP) unless otherwise noted.