QS QuantumScape Corporation - Common Stock
NASDAQ · Auto Components · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 24, 2026
$4.57
· of 52w range
· above low
· to high
$4.5452w low
$19.0752w high
P/E
-13.7
EPS
$-0.76
your badges
52W Range
$5–$19
Analyst Rating
HOLD
Price Target
$7
P/E
-13.7
ROE
-39.7%
Net Profit Margin
·
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QS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.57
P/E
-13.7
EPS
$-0.76
ROE
-39.7%
52W Range
$5–$19
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About QuantumScape Corporation - Common Stock Company overview from Wikipedia
QuantumScape Corporation is an American company that researches and develops solid-state rechargeable lithium metal batteries for use in electric cars. It was founded in 2010 and is headquartered in San Jose, California, employs around 850 people. Major investors include Volkswagen Group and Bill Gates.
History
QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. In 2012, QuantumScape began working with German automaker Volkswagen.
In 2018, Volkswagen invested $100 million in the company, becoming the largest shareholder. In the same year, Volkswagen and QuantumScape announced the establishment of a joint production project to prepare for mass production of solid-state batteries. In June 2020, Volkswagen invested an additional $200 million.
In 2020, QuantumScape merged with the special-purpose acquisition company Kensington Capital Acquisition. As a result of the merger, QuantumScape received $1 billion in financing, from investors including Volkswagen and the Qatar Investment Authority. At the same time, the company's shares listed on the NASDAQ under the symbol QS. In the last quarter of 2020, QuantumScape briefly surpassed the valuation of Ford Motor Co. without a commercial product and without revenue.
On April 15, 2021, hedge fund Scorpion Capital announced their short position in the stock, labeling the company a pump-and-dump scheme.
On June 26, 2022, the company announced the production of a solid-state battery with a range of 650 km and a charge time of 15 minutes.
At the beginning of 2024, Volkswagen and QuantumScape presented a battery prototype in a press release based on the technologies developed by QuantumScape, which has 1000 charging cycles with only 5% capacity loss and an energy density that is at least a third higher. In July 2024, VW PowerCo and QS announced an agreement for volume production. The initial goal is 40 gigawatt-hours’ worth of batteries per year.
In October 2024, QuantumScape introduced a prototype of their first planned commercial product they are calling QSE-5. The QSE-5 B-sample cell has a measured cell energy of 21.6 Watt-hours (Wh) at C/5 discharge rate and 25 °C. This is divided by the cell volume to get the volumetric energy density of 844 Wh/L or by the cell mass to get the gravimetric energy density (also called specific energy) of 301 Wh/kg.
In October 2025, QuantumScape began shipping QSE-5 B1 samples. QuantumScape also demonstrated the QSE-5 cells powering a Ducati V21L motorcycle.
Technology
The battery uses a lithium metal anode. The solid-state ceramic separator prevents dendrites and does not react with lithium. An organic liquid electrolyte then envelops the cathode.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorConsumer Discretionary
industryAuto Components
employees700
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
EPS$-0.762019-12-31 → 2025-12-31
Free Cash Flow$-279M2020-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | QS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -13.7 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | QS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -33.1%5Y avg ≈-30.7% | ≈-30.7% | 3.9% | Weak | |
| ROE | -39.7%5Y avg ≈-36.2% | ≈-36.2% | 10.4% | Weak | |
| ROIC | -40.6% | · | 9.0% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | QS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 18.45Y avg ≈18.0 | ≈18.0 | 2.3 | Strong liquidity | |
| Quick Ratio | 15.85Y avg ≈17.8 | ≈17.8 | 1.1 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
7.5%
Next Report
Oct 20, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 21, 2026 | $-0.16 | $-0.19 | 13.7% |
| March 31, 2026 | $-0.16 | $-0.18 | 12.3% | |
| Dec. 31, 2025 | $-0.17 | $-0.18 | 4.5% | |
| Sept. 30, 2025 | $-0.18 | $-0.21 | 12.6% | |
| June 30, 2025 | $-0.20 | $-0.21 | 2.9% | |
| March 31, 2025 | $-0.21 | $-0.21 | -1.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| R&D Expense | $376M | $383M | $348M | $297M | $151M | $65M | $46M | |
| SG&A Expense | $97M | $142M | $131M | $123M | $64M | $16M | $10M | |
| Operating Expenses | $473M | $525M | $479M | $421M | $215M | $81M | $56M | |
| Operating Income | $-473M | $-525M | $-479M | $-421M | $-215M | $-81M | $-56M | |
| Interest Expense | · | · | $2M | $2M | $1M | $21M | $94.0K | |
| Interest Income | $39M | $46M | $36M | $11M | $2M | $1M | $4M | |
| Other Non-op | $3M | $3M | $-140.0K | $216.0K | $151.0K | $-1.60B | $5M | |
| Pretax Income | $-434M | $-478M | $-445M | · | · | · | · | |
| Income Tax | $2M | $-269.0K | $20.0K | $0 | $0 | $0 | $0 | |
| Net Income | $-435M | $-478M | $-445M | $-412M | $-46M | $-1.68B | $-51M | |
| EPS (Basic) | $-0.76 | $-0.94 | $-0.96 | $-0.95 | $-0.11 | $-6.67 | $-0.21 | |
| EPS (Diluted) | $-0.76 | $-0.94 | $-0.96 | $-0.95 | $-0.52 | $-6.67 | $-0.21 | |
| Shares (Basic) | 575,950,000 | 508,102,000 | 462,239,000 | 432,973,000 | 404,259,000 | 252,144,000 | 239,636,000 | |
| Shares (Diluted) | 575,950,000 | 508,102,000 | 462,239,000 | 432,973,000 | 409,509,000 | 252,144,000 | 239,636,000 | |
| EBITDA | $-407M | $-467M | $-437M | $-392M | · | $-74M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $231M | $141M | $143M | $235M | $321M | $113M | $23M | |
| Short-term Investments | $740M | $770M | $928M | $826M | $1.13B | $884M | $107M | |
| Prepaid Expense | $11M | $12M | $13M | $11M | $16M | $12M | $1M | |
| Current Assets | $982M | $922M | $1.08B | $1.07B | $1.46B | $1.01B | $131M | |
| PP&E (Net) | $251M | $300M | $313M | $296M | $166M | $44M | $25M | |
| PP&E (Gross) | $444M | $455M | $421M | $366M | $209M | $76M | $52M | |
| Accum. Depreciation | $192M | $155M | $108M | $70M | $43M | $32M | $26M | |
| Other Non-current Assets | $22M | $26M | $24M | $18M | $18M | $2M | $3M | |
| Total Assets | $1.31B | $1.32B | $1.50B | $1.48B | $1.72B | $1.07B | $172M | |
| Accounts Payable | $12M | $6M | $13M | $21M | $14M | $5M | $3M | |
| Accrued Liabilities | $15M | $17M | $10M | $7M | $6M | $3M | $1M | |
| Current Liabilities | $62M | $65M | $57M | $47M | $31M | $12M | $7M | |
| Capital Leases | $34M | $53M | $58M | $63M | $37M | $11M | $12M | |
| Other Non-current Liabilities | $15M | $15M | $12M | $8M | $315.0K | · | · | |
| Total Liabilities | $139M | $165M | $162M | $156M | $107M | $713M | $22M | |
| Common Stock | $61.0K | $54.0K | $49.0K | $44.0K | $43.0K | $36.0K | $24.0K | |
| Retained Earnings | $-3.79B | $-3.36B | $-2.88B | $-2.44B | $-2.02B | $-1.98B | $-296M | |
| AOCI | $644.0K | $428.0K | $-3M | $-18M | $-4M | $-31.0K | $90.0K | |
| Stockholders' Equity | $1.17B | $1.16B | $1.34B | $1.32B | $1.61B | $352M | $149M | |
| Liabilities + Equity | $1.31B | $1.32B | $1.50B | $1.48B | $1.72B | $1.07B | $172M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $66M | $58M | $42M | $28M | $11M | $7M | $5M | |
| Stock-based Comp | $127M | $145M | $166M | $127M | $52M | $17M | $7M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Non-cash | $-455.0K | $868.0K | $-3M | $38M | · | $1.60B | · | |
| Operating Cash Flow | $-242M | $-275M | $-240M | $-218M | $-128M | $-61M | $-42M | |
| CapEx | $36M | $62M | $85M | $159M | $127M | $24M | $10M | |
| Investing Cash Flow | $15M | $129M | $-153M | $124M | $-386M | $-803M | $33M | |
| Stock Issued | $269M | $131M | $300M | · | $463M | $100M | · | |
| Net Stock Activity | $269M | $129M | $288M | · | · | $100M | · | |
| Financing Cash Flow | $313M | $144M | $300M | $9M | $737M | $954M | $394.0K | |
| Net Change in Cash | $85M | $-2M | $-92M | $-85M | $223M | $90M | $-8M | |
| Free Cash Flow | $-279M | $-337M | $-325M | $-377M | · | $-85M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| ROA | -33.1% | -33.8% | -29.9% | -25.8% | · | -271.4% | · | |
| ROE | -39.7% | -42.1% | -32.4% | -30.5% | · | -3209.0% | · | |
| ROIC | -40.6% | · | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 15.9 | 14.2 | 19.0 | 22.9 | · | 81.7 | · | |
| Quick Ratio | 15.8 | 14.0 | 18.8 | 22.7 | · | 80.8 | · | |
| Interest Coverage | · | · | -201.5 | -175.3 | · | -3.9 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow / Share | $-0.42 | $-0.54 | $-0.52 | $-0.50 | · | · | · | |
| EPS (TTM) | $-0.76 | $-0.94 | $-0.96 | $-0.95 | $-0.52 | $-6.67 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-435M | $-478M | $-445M | $-412M | $-46M | $-1.68B | · | |
| P/E | -13.7 | -5.5 | · | · | · | · | · | |
| Earnings Yield | -7.3% | -18.1% | · | · | · | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $83M | $85M | $87M | $92M | $101M | $96M | $104M | $97M | $98M | $84M | $96M | $88M | $86M | $77M | $83M | $88M | |
| SG&A Expense | $24M | $25M | $24M | $23M | $22M | $28M | $24M | $33M | $37M | $48M | $28M | $33M | $37M | $33M | $30M | $33M | |
| Operating Expenses | $106M | $109M | $110M | $115M | $124M | $124M | $129M | $130M | $134M | $132M | $125M | $121M | $124M | $110M | $113M | $121M | |
| Operating Income | $-106M | $-109M | $-110M | $-115M | $-124M | $-124M | $-129M | $-130M | $-134M | $-132M | $-125M | $-121M | $-124M | $-110M | $-113M | $-121M | |
| Interest Expense | · | · | · | · | · | · | · | · | $562.0K | $572.0K | · | $593.0K | $602.0K | $600.0K | · | $600.0K | |
| Interest Income | $8M | $9M | $10M | $10M | $9M | $10M | $11M | $11M | $12M | $12M | $12M | $10M | $7M | $6M | $5M | $3M | |
| Other Non-op | $191.0K | $-25.0K | $2M | $-325.0K | $288.0K | $80.0K | $4M | $-338.0K | $50.0K | $-220.0K | $-510.0K | $382.0K | $318.0K | $-330.0K | $-119.0K | $114.0K | |
| Pretax Income | $-98M | $-101M | · | · | $-115M | $-114M | · | · | · | · | · | · | · | · | · | · | |
| Income Tax | $193.0K | $7.0K | $2M | $0 | $-176.0K | $169.0K | $-269.0K | $0 | $0 | $0 | $20.0K | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-98M | $-101M | $-100M | $-106M | $-115M | $-114M | $-115M | $-120M | $-123M | $-121M | $-113M | $-111M | $-117M | $-105M | $-109M | $-118M | |
| EPS (Basic) | $-0.16 | $-0.16 | $-0.17 | $-0.18 | $-0.20 | $-0.21 | $-0.22 | $-0.23 | $-0.25 | $-0.24 | $-0.23 | $-0.23 | $-0.26 | $-0.24 | $-0.25 | $-0.27 | |
| EPS (Diluted) | $-0.16 | $-0.16 | $-0.17 | $-0.18 | $-0.20 | $-0.21 | $-0.22 | $-0.23 | $-0.25 | $-0.24 | $-0.23 | $-0.23 | $-0.26 | $-0.24 | $-0.25 | $-0.27 | |
| Shares (Basic) | 617,077,000 | 611,013,000 | · | 588,728,000 | 561,698,000 | 548,006,000 | · | 508,957,000 | 501,232,000 | 496,145,000 | · | 471,752,000 | 445,324,000 | 440,085,000 | · | 434,051,000 | |
| Shares (Diluted) | 617,077,000 | 611,013,000 | · | 588,728,000 | 561,698,000 | 548,006,000 | · | 508,957,000 | 501,232,000 | 496,145,000 | · | 471,752,000 | 445,324,000 | 440,085,000 | · | 434,051,000 | |
| EBITDA | $-93M | $-94M | · | $-101M | $-104M | $-105M | · | $-130M | $-134M | $-120M | · | $-121M | $-124M | $-100M | · | $-121M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $133M | $145M | $231M | $226M | $172M | $154M | $141M | $175M | $196M | $192M | $143M | $251M | $233M | $241M | $235M | $298M | |
| Short-term Investments | $726M | $760M | $740M | $778M | $625M | $707M | $770M | $666M | $741M | $817M | · | $877M | $677M | $742M | · | $857M | |
| Prepaid Expense | $10M | $11M | $11M | $12M | $9M | $11M | $12M | $13M | $36M | $35M | · | $10M | $9M | $11M | · | $10M | |
| Current Assets | $869M | $916M | $982M | $1.02B | $806M | $871M | $922M | $854M | $973M | $1.05B | · | $1.14B | $919M | $995M | · | $1.17B | |
| PP&E (Net) | $229M | $240M | $251M | $250M | $266M | $289M | $300M | $318M | $322M | $316M | · | $322M | $324M | $311M | · | $268M | |
| PP&E (Gross) | $445M | $442M | $444M | $433M | $438M | $463M | $455M | $463M | $454M | $435M | · | $419M | $412M | $391M | · | $329M | |
| Accum. Depreciation | $216M | $202M | $192M | $183M | $172M | $173M | $155M | $146M | $132M | $119M | · | $97M | $88M | $79M | · | $61M | |
| Other Non-current Assets | $16M | $16M | $22M | $22M | $26M | $26M | $26M | $25M | $24M | $24M | · | $23M | $20M | $18M | · | $18M | |
| Total Assets | $1.17B | $1.23B | $1.31B | $1.34B | $1.17B | $1.26B | $1.32B | $1.27B | $1.40B | $1.46B | · | $1.57B | $1.35B | $1.41B | · | $1.54B | |
| Accounts Payable | $6M | $7M | $12M | $6M | $6M | $8M | $6M | $10M | $15M | $12M | · | $10M | $12M | $17M | · | $17M | |
| Accrued Liabilities | $15M | $15M | $15M | $14M | $18M | $22M | $17M | $20M | $67M | $72M | · | $10M | $8M | $10M | · | $15M | |
| Current Liabilities | $47M | $44M | $62M | $48M | $49M | $52M | $65M | $61M | $112M | $101M | · | $46M | $48M | $44M | · | $45M | |
| Capital Leases | $32M | $33M | $34M | $36M | $50M | $51M | $53M | $54M | $56M | $56M | · | $59M | $60M | $61M | · | $64M | |
| Other Non-current Liabilities | $15M | $15M | $15M | $14M | $14M | $16M | $15M | $14M | $13M | $13M | · | $12M | $12M | $10M | · | $8M | |
| Total Liabilities | $121M | $119M | $139M | $127M | $144M | $150M | $165M | $161M | $215M | $204M | · | $153M | $156M | $152M | · | $155M | |
| Common Stock | $62.0K | $61.0K | $61.0K | $60.0K | $56.0K | $56.0K | $54.0K | $51.0K | $50.0K | $50.0K | · | $49.0K | $45.0K | $44.0K | · | $43.0K | |
| Retained Earnings | $-3.99B | $-3.89B | $-3.79B | $-3.69B | $-3.59B | $-3.47B | $-3.36B | $-3.24B | $-3.12B | $-3.00B | · | $-2.77B | $-2.66B | $-2.54B | · | $-2.33B | |
| AOCI | $-994.0K | $-384.0K | $644.0K | $543.0K | $-113.0K | $100.0K | $428.0K | $939.0K | $-519.0K | $-1M | · | $-6M | $-10M | $-12M | · | $-22M | |
| Stockholders' Equity | $1.05B | $1.11B | $1.17B | $1.22B | $1.02B | $1.11B | $1.16B | $1.11B | $1.18B | $1.26B | $1.34B | $1.41B | $1.19B | $1.26B | $1.32B | $1.39B | |
| Liabilities + Equity | $1.17B | $1.23B | $1.31B | $1.34B | $1.17B | $1.26B | $1.32B | $1.27B | $1.40B | $1.46B | · | $1.57B | $1.35B | $1.41B | · | $1.54B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $13M | $15M | $14M | $14M | $20M | $18M | $18M | $15M | $13M | $12M | $11M | $12M | $10M | $10M | $9M | $8M | |
| Stock-based Comp | $27M | $31M | $31M | $29M | $26M | $41M | $34M | $43M | $48M | $19M | $38M | $40M | $50M | $38M | $34M | $34M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Non-cash | · | $-4M | · | · | · | $-5M | · | · | · | $31M | · | · | · | $-5M | · | · | |
| Operating Cash Flow | $-57M | $-60M | $-56M | $-64M | $-62M | $-61M | $-59M | $-93M | $-65M | $-58M | $-57M | $-63M | $-58M | $-62M | $-63M | $-56M | |
| CapEx | $5M | $10M | $12M | $10M | $8M | $6M | $11M | $18M | $19M | $14M | $14M | $18M | $25M | $28M | $38M | $54M | |
| Investing Cash Flow | $32M | $-26M | $32M | $-156M | $77M | $62M | $-109M | $66M | $65M | $106M | $-54M | $-209M | $46M | $64M | $-2M | $10M | |
| Stock Issued | · | · | $0 | $268M | $26.0K | $1M | · | · | · | · | $12M | · | · | · | · | · | |
| Net Stock Activity | · | · | · | · | · | $1M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $12M | $-256.0K | $27M | $271M | $3M | $11M | $134M | $5M | $4M | $1M | $3M | $290M | $3M | $4M | $2M | $1M | |
| Net Change in Cash | $-12M | $-85M | $3M | $51M | $19M | $13M | $-34M | $-22M | $4M | $50M | $-108M | $19M | $-8M | $6M | $-63M | $-45M | |
| Free Cash Flow | · | $-69M | · | · | · | $-67M | · | · | · | $-72M | · | · | · | $-90M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -8.4% | -8.1% | · | -8.1% | -8.9% | -8.4% | · | -8.4% | -9.0% | -8.4% | · | -7.1% | -7.8% | -6.8% | · | -7.1% | |
| ROE | -9.5% | -9.1% | · | -9.1% | -10.4% | -9.7% | · | -9.5% | -10.4% | -9.6% | · | -7.9% | -8.8% | -7.5% | · | -7.7% | |
| ROIC | -10.2% | -9.8% | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 18.4 | 20.9 | · | 21.1 | 16.4 | 16.7 | · | 14.1 | 8.7 | 10.4 | · | 24.6 | 19.2 | 22.9 | · | 25.7 | |
| Quick Ratio | 18.2 | 20.7 | · | 20.9 | 16.2 | 16.4 | · | 13.9 | 8.3 | 10.0 | · | 24.4 | 19.1 | 22.6 | · | 25.5 | |
| Interest Coverage | · | · | · | · | · | · | · | · | -239.2 | -230.6 | · | -203.8 | -205.2 | -183.3 | · | -201.1 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow / Share | · | $-0.10 | · | · | · | $-0.11 | · | · | · | $-0.12 | · | · | · | $-0.14 | · | · | |
| EPS (TTM) | $-0.67 | $-0.71 | · | $-0.81 | $-0.86 | $-0.91 | · | $-0.95 | $-0.95 | $-0.96 | · | $-0.98 | $-1.02 | $-0.98 | · | $-0.86 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-405M | $-421M | · | $-450M | $-463M | $-472M | · | $-477M | $-468M | $-461M | · | $-441M | $-448M | $-426M | · | $-370M | |
| P/E | -11.3 | -9.0 | · | -15.2 | -7.8 | -4.6 | · | -6.1 | -5.2 | -6.6 | · | · | · | · | · | · | |
| Earnings Yield | -8.9% | -11.1% | · | -6.6% | -12.8% | -21.9% | · | -16.5% | -19.3% | -15.3% | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $-435M | $-478M | $-445M | $-412M | $-46M |
| Diluted EPS | $-0.76 | $-0.94 | $-0.96 | $-0.95 | $-0.52 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 15.9 | 14.2 | 19.0 | 22.9 | · |
| Quick Ratio | 15.8 | 14.0 | 18.8 | 22.7 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-279M | $-337M | $-325M | $-377M | · |
Institutional owners (13F) 507 filers · $2.2B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
507
Value held
$2.2B
New positions
83
Exited positions
57
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 83 (+9 vs prior Q) | 57 (-19 vs prior Q) | 190 (+50 vs prior Q) | 96 (-42 vs prior Q) | -14.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $426,793,416 | 40,959,061 | 19.17% | Shares |
| BlackRock, Inc. | $215,913,909 | 28,560,041 | 9.70% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $159,637,708 | 21,116,099 | 7.17% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $141,587,543 | 18,728,511 | 6.36% | Shares |
| Capricorn Investment Group LLC | $86,917,244 | 11,496,990 | 3.90% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $66,774,423 | 8,830,153 | 3.00% | Shares |
| STATE STREET CORP | $62,120,649 | 8,217,017 | 2.79% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $56,219,940 | 7,436,500 | 2.52% | Call option |
| GOLDMAN SACHS GROUP INC | $55,635,286 | 7,359,165 | 2.50% | Shares |
| D. E. Shaw & Co., Inc. | $54,930,015 | 7,265,875 | 2.47% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $53,588,228 | 7,088,391 | 2.41% | Shares |
| MORGAN STANLEY | $42,410,238 | 5,609,819 | 1.90% | Shares |
| COATUE MANAGEMENT LLC | $32,470,162 | 4,294,995 | 1.46% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $31,492,692 | 4,165,700 | 1.41% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $29,589,621 | 3,913,971 | 1.33% | Shares |
| CITADEL ADVISORS LLC | $29,177,820 | 3,859,500 | 1.31% | Call option |
| UBS Group AG | $28,305,290 | 3,744,086 | 1.27% | Shares |
| BANK OF AMERICA CORP /DE/ | $25,119,339 | 3,322,664 | 1.13% | Shares |
| CITADEL ADVISORS LLC | $23,949,014 | 3,167,859 | 1.08% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $22,930,773 | 3,033,171 | 1.03% | Shares |
| TWO SIGMA INVESTMENTS, LP | $22,821,236 | 3,018,682 | 1.02% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $22,565,973 | 2,984,917 | 1.01% | Shares |
| GOLDMAN SACHS GROUP INC | $20,720,448 | 2,740,800 | 0.93% | Put option |
| CITADEL ADVISORS LLC | $19,904,724 | 2,632,900 | 0.89% | Put option |
| CANADA PENSION PLAN INVESTMENT BOARD | $19,757,304 | 2,613,400 | 0.89% | Shares |
| MILLENNIUM MANAGEMENT LLC | $18,807,481 | 2,487,762 | 0.84% | Shares |
| NORTHERN TRUST CORP | $18,741,754 | 2,479,068 | 0.84% | Shares |
| Amundi | $15,544,078 | 2,056,095 | 0.70% | Shares |
| Invesco Ltd. | $15,207,824 | 2,011,617 | 0.68% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $14,473,371 | 1,914,467 | 0.65% | Shares |
| WOLVERINE TRADING, LLC | $14,197,384 | 1,146,800 | 0.64% | Call option |
| Point72 Asset Management, L.P. | $14,064,821 | 1,860,426 | 0.63% | Shares |
| Nuveen, LLC | $12,248,856 | 1,620,219 | 0.55% | Shares |
| UBS Group AG | $9,741,060 | 1,288,500 | 0.44% | Call option |
| Bank of New York Mellon Corp | $9,618,807 | 1,272,329 | 0.43% | Shares |
| TWO SIGMA ADVISERS, LP | $8,643,390 | 829,500 | 0.39% | Shares |
| LPL Financial LLC | $8,345,562 | 1,103,910 | 0.37% | Shares |
| WOLVERINE TRADING, LLC | $7,987,576 | 645,200 | 0.36% | Put option |
| WOLVERINE TRADING, LLC | $7,982,649 | 644,802 | 0.36% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $7,872,228 | 1,041,300 | 0.35% | Shares |
| IMC-Chicago, LLC | $7,722,207 | 1,021,456 | 0.35% | Shares |
| GROUP ONE TRADING LLC | $7,542,045 | 997,625 | 0.34% | Shares |
| JANE STREET GROUP, LLC | $7,227,360 | 956,000 | 0.32% | Put option |
| Swiss National Bank | $6,981,660 | 923,500 | 0.31% | Shares |
| Cubist Systematic Strategies, LLC | $6,687,296 | 542,800 | 0.30% | Call option |
| Arthedge Capital Management, LLC | $6,410,880 | 848,000 | 0.29% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $6,360,957 | 997,015 | 0.29% | Shares |
| JANE STREET GROUP, LLC | $6,339,816 | 838,600 | 0.28% | Call option |
| Man Group plc | $6,146,575 | 813,039 | 0.28% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $5,936,286 | 785,223 | 0.27% | Shares |
Activists & 5%+ owners 6 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Singh Jagdeep | March 7, 2025 | 4.60% | Amendment | · | SEC |
| Fritz Prinz ×2 filings | Feb. 14, 2024 | · | Initial filing | · | SEC |
| Jagdeep Singh ×2 filings | Feb. 14, 2024 | · | Initial filing | · | SEC |
| Timothy Holme ×2 filings | Feb. 14, 2024 | · | Initial filing | · | SEC |
| Capricorn-Libra Investment Group, LP (2), Capricorn-Libra Partners, LLC (2), Dipender Saluja (2) ×2 filings | May 27, 2021 | · | Initial filing | · | SEC |
| Volkswagen Group of America Investments, LLC, Volkswagen Group of America, Inc., Volkswagen Aktiengesellschaft ×2 filings | April 1, 2021 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 22 insiders · 7 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Srinivasan Sivaram | CHIEF EXECUTIVE OFFICER | Aug. 18, 2026 F | 5,078,264 | 0 | 2 | $-2,032,800 |
| Kevin Hettrich | CHIEF FINANCIAL OFFICER | Aug. 18, 2026 F | 1,785,162 | 0 | 10 | $-746,164 |
| Luca Giovanni Fasoli | Chief Operating Officer | Aug. 18, 2026 F | 1,907,088 | 0 | 0 | $0 |
| Timothy Holme | CHIEF TECHNOLOGY OFFICER | Sept. 15, 2026 C | 0 | 0 | 27 | $-17,700,845 |
| Mohit Singh | CHIEF DEVELOPMENT OFFICER | Aug. 18, 2026 F | 1,737,150 | 0 | 2 | $-3,713,300 |
| Michael O Mccarthy III | CHIEF LEGAL OFFICER | Aug. 18, 2026 F | 1,527,774 | 0 | 7 | $-3,228,265 |
| Howard Lukens | Chief Sales Officer | Feb. 15, 2021 F | 375,393 | 0 | 0 | $0 |
| Ross Niebergall | Director | June 3, 2026 A | 71,558 | 0 | 0 | $0 |
| Dipender Saluja | Director | June 3, 2026 A | 396,418 | 0 | 2 | $-36,943,679 |
| Gena C Lovett | Director | June 3, 2026 A | 144,354 | 0 | 0 | $0 |
| Jeneanne Michelle Hanley | Director | June 3, 2026 A | 165,729 | 0 | 0 | $0 |
| Brad W Buss | Director | June 3, 2026 A | 146,659 | 0 | 4 | $-11,693,000 |
| Geoffrey G Ribar | Director | June 3, 2026 A | 60,285 | 0 | 0 | $0 |
| Dennis Segers | Director | June 3, 2026 A | 149,524 | 0 | 0 | $0 |
| Jeffrey B Straubel | Director | May 12, 2026 S | 131,298 | 0 | 9 | $-5,515,762 |
| Fritz Prinz | Director | Oct. 24, 2025 C | 0 | 0 | 8 | $-15,490,491 |
| Jurgen Leohold | Director | June 4, 2025 F | 184,630 | 0 | 0 | $0 |
| Singh Jagdeep | Director | Dec. 9, 2024 M | 5,600,858 | 0 | 0 | $0 |
| Susan Huppertz | Director | June 11, 2024 A | 100,686 | 0 | 0 | $0 |
| Justin E Mirro | Director | Jan. 7, 2022 S | 1,184,056 | 0 | 0 | $0 |
| DOERR L JOHN | Director | Dec. 15, 2021 A | 5,294 | 0 | 0 | $0 |
| Celina Mikolajczak | · | March 3, 2022 A | 271,009 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 43 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IDRV · iShares Trust | 1.43% | 408,480 SH | Sept. 11, 2026 | Daily |
| PBW · Invesco Exchange-Traded Fund Trust | 1.35% | 989,031 SH | Oct. 2, 2026 | Daily |
| PBD · Invesco Exchange-Traded Fund Trust … | 0.74% | 185,690 SH | Oct. 2, 2026 | Daily |
| IBAT · iShares Trust | 0.56% | 74,761 SH | Sept. 11, 2026 | Daily |
| CCSO · Tidal Trust II | 0.30% | 25,833 NS | July 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.18% | 12,458 NS | July 31, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 0.11% | 1,036,214 SH | Aug. 19, 2026 | Daily |
| ESUM · Strategy Shares | 0.10% | 36,464 NS | July 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.10% | 17,210 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.10% | 6,116,305 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 132,103 NS | July 31, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 474,278 NS | July 31, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 0.08% | 265,424 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 96,317 SH | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.05% | 1,585,042 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.05% | 292,097 SH | Oct. 2, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 248,962 SH | Sept. 11, 2026 | Daily |
| IYC · iShares Trust | 0.04% | 99,385 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 5,506,079 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 10,615,738 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.04% | 265,516 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.03% | 743,733 SH | Sept. 10, 2026 | Daily |
| WSML · iShares Trust | 0.02% | 27,713 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.02% | 2,034,888 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 13,101 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 1,057,733 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 82,424 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 301,861 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 42,278 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 113,228 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.01% | 1,108,990 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.01% | 41,747 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 115,891 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.00% | 345,719 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 623,700 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 113,209 SH | Sept. 10, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 116,810 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 4,582 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 14,674,602 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 412,918 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 22,065 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 107,838 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 129,383 SH | Sept. 11, 2026 | Daily |
QS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 17 analysts
SELL
Median target
$7.50
+64.1%
0 0.0%
Strong Buy
0 0.0%
Buy
9 52.9%
Hold
5 29.4%
Sell
3 17.6%
Strong Sell
12-Month Price Target
8 analysts · 2026-10-01Mean target $6.66 +45.8%
Now
Current price $4.57
Low$2.50
Mean$6.66
High$10.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| QS | · | -13.7 | · | · | -39.7% | · |
| LEA | · | 14.1 | -0.20% | 1.9% | 9.2% | 6.5% |
| GNTX | $5.01B | 13.4 | 9.6% | 15.2% | 15.5% | 34.2% |
| DORM | $3.74B | 18.6 | 6.0% | 9.6% | 14.2% | 42.1% |
| DAN | $2.67B | 37.1 | -3.0% | 1.1% | 7.8% | · |
| VC | $2.55B | 13.1 | -2.5% | 5.3% | 13.0% | 14.1% |
| PHIN | $2.38B | 19.3 | 2.4% | 3.7% | 8.1% | 21.9% |
| PATK | $3.60B | 27.8 | 6.3% | 3.4% | 11.6% | 23.1% |
| LCII | $2.94B | 16.0 | 10.2% | 4.6% | 13.7% | 23.8% |
| DCH | $761M | -37.7 | -4.7% | -0.34% | -3.3% | 12.1% |
| XPEL | $1.38B | 27.0 | 13.3% | 10.8% | 20.3% | 42.2% |
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Source: SEC 10-Q filed Jul 24, 2026