QS’s latest filing: cash use improved as shares rose
QuantumScape’s trailing cash outflow narrowed year on year, while its diluted share count increased. The new filing points to progress in cash use alongside continued dilution.
Quantumscape Corp is a US-listed company in the automotive parts & equipment industry. Its financial year ends in December.
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Not valued: the figures our models need are missing or failed our data-quality checks.
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Quantumscape Corp valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 17% in the quarter to 2026-09-30, the 4th beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
QuantumScape’s trailing cash outflow narrowed year on year, while its diluted share count increased. The new filing points to progress in cash use alongside continued dilution.
The company also guided to capex of $27.00m to $37.00m for the full-year 2026.
We value Quantumscape Corp as an operating company, with every model that fits that kind of business. Cost of equity 11.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.44 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | — 0 | Does not apply: no positive value |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Quantumscape Corp with Automotive Parts & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.63 | +16% | — | 0% |
| Next | −$0.64 | −1% | $7m | 0% |
The consensus EPS forecast for the current fiscal year is −5.7% on 90 days ago. In the last 30 days, 4 analysts raised Quantumscape Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$0.67 | −$0.68 |
| 60 days ago | −$0.67 | −$0.68 |
| 30 days ago | −$0.67 | −$0.68 |
| 7 days ago | −$0.65 | −$0.67 |
| Now | −$0.63 | −$0.64 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | −$0.17 | −$0.14 | +17.1% |
| Jun 2026 | −$0.18 | −$0.16 | +10.2% |
| Mar 2026 | −$0.16 | −$0.16 | +1.1% |
| Dec 2025 | −$0.17 | −$0.17 | +1.5% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| QS | −74% | −74% | +23% | −25% | +101% | −61% |
| Industry peers (median) | +16% | −29% | +7% | −19% | +23% | −5% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| QS | 33% | 25% | 50% | 33% | 42% | 27% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| QS | −77% | −78% | −62% | −49% | −48% | −66% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since August 17, 2020: 97% from December 22, 2020 to April 8, 2025. Getting back needed a 3695% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 21, 2026 | +4.3% | −0.7% | +6.5% | — |
| July 22, 2026 | −15.5% | −1.3% | −18.0% | −5.8% |
| April 22, 2026 | +6.2% | +0.6% | −2.0% | +20.1% |
| February 11, 2026 | −13.1% | −1.6% | −19.8% | −24.7% |
| October 22, 2025 | −5.5% | +0.1% | +2.1% | −24.5% |
| July 23, 2025 | −8.5% | +0.9% | −36.4% | −43.0% |
| April 23, 2025 | +2.3% | +3.7% | +1.0% | +2.6% |
| February 12, 2025 | +8.6% | +0.7% | +12.0% | −8.4% |
| October 23, 2024 | +22.6% | −0.7% | +0.4% | −4.9% |
| July 24, 2024 | −14.5% | −2.8% | −19.8% | −27.7% |
| April 24, 2024 | −8.8% | −0.4% | −3.2% | −1.1% |
| February 14, 2024 | −3.5% | +1.6% | −17.0% | −23.9% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $216M | 28.6M | 13.6% | ▲ 31.0% |
| Vanguard Capital Management LLC | $160M | 21.1M | 10.0% | ▲ 1.1% |
| Vanguard Portfolio Management LLC | $142M | 18.7M | 8.9% | ▲ 3.9% |
| Capricorn Investment Group LLC | $86.9M | 11.5M | 5.5% | 0.0% |
| Geode Capital Management, LLC | $66.8M | 8.8M | 4.2% | ▲ 5.8% |
| State Street Corp | $62.1M | 8.2M | 3.9% | ▲ 8.8% |
| Goldman Sachs Group Inc | $55.6M | 7.4M | 3.5% | ▲ 40.2% |
| D. E. Shaw & Co., Inc. | $54.9M | 7.3M | 3.5% | ▼ 63.2% |
| Dimensional Fund Advisors LP | $53.6M | 7.1M | 3.4% | ▲ 23.6% |
| Morgan Stanley | $42.4M | 5.6M | 2.7% | ▲ 4.7% |
| Coatue Management LLC | $32.5M | 4.3M | 2.0% | 0.0% |
| Susquehanna International Group, LLP | $29.6M | 3.9M | 1.9% | ▲ 3.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Quantumscape Corp's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Holme Timothy CHIEF TECHNOLOGY OFFICER | October 5, 2026 | Sell pre-set plan | 22,500 | $4.54 | $102,152 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | October 5, 2026 | Sell pre-set plan | 75,000 | $4.54 | $340,508 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | September 15, 2026 | Sell pre-set plan | 22,500 | $5.09 | $114,525 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | September 15, 2026 | Sell pre-set plan | 75,000 | $5.09 | $381,750 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | August 21, 2026 | Sell pre-set plan | 12,723 | $6.01 | $76,465 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | August 19, 2026 | Sell pre-set plan | 20,345 | $5.76 | $117,187 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | August 19, 2026 | Sell pre-set plan | 21,531 | $5.76 | $124,019 |
| Hettrich Kevin CHIEF FINANCIAL OFFICER | July 2, 2026 | Sell pre-set plan | 9,800 | $7.28 | $71,344 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | July 2, 2026 | Sell pre-set plan | 34,254 | $7.28 | $249,369 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | July 2, 2026 | Sell pre-set plan | 102,991 | $7.28 | $749,774 |
| Hettrich Kevin CHIEF FINANCIAL OFFICER | June 22, 2026 | Sell pre-set plan | 9,800 | $7.94 | $77,812 |
| Holme Timothy CHIEF TECHNOLOGY OFFICER | June 2, 2026 | Sell pre-set plan | 40,615 | $9.30 | $377,720 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Quantumscape Corp disclosed in the last 12 months; 7 earlier trades on record.
Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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