Solid Power, Inc. income statement
In fiscal 2025, Solid Power, Inc. reported revenue of $21.7m, up 8.0% on the year before, operating income of −$101m (a -463.7% margin) and net income of −$93.4m, or −$0.51 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 2 | 3 | 12 | 17 | 20 | 22 | 11 |
| Research and development | 10 | 17 | 39 | 55 | 73 | 73 | 72 |
| Selling, general and administrative | — | — | — | — | 32 | 29 | — |
| Selling and marketing | 1 | 3 | 4 | — | — | — | — |
| General and administrative | 1 | 6 | 23 | 26 | — | — | — |
| Operating income | −12 | −27 | −59 | −91 | −105 | −101 | −108 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −14 | 18 | −10 | −66 | −95 | −93 | −89 |
| Income tax | 0 | −0 | −0 | 0 | 1 | −0 | −0 |
| Net income | −14 | 18 | −10 | −66 | −97 | −93 | −90 |
| Diluted EPS | −$0.21 | $0.11 | −$0.05 | −$0.37 | −$0.54 | −$0.51 | −$0.44 |
| Diluted shares (average) | 69m | 95m | 174m | 178m | 179m | 185m | 205m |
| EBITDA | −10 | −24 | −54 | −79 | −89 | −82 | −89 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 4 | 6 | 8 | 5 | 4 | 3 | −0 |
| Research and development | 17 | 19 | 19 | 18 | 18 | 17 | 18 | 19 |
| General and administrative | 8 | 7 | 8 | 7 | 7 | — | 8 | 9 |
| Operating income | −28 | −25 | −24 | −26 | −24 | −27 | −26 | −30 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −22 | −30 | −15 | −26 | −25 | −27 | −13 | −24 |
| Income tax | 0 | 0 | — | 0 | 0 | −0 | 0 | −0 |
| Net income | −22 | −31 | −15 | −25 | −26 | −27 | −13 | −24 |
| Diluted EPS | −$0.13 | −$0.17 | −$0.08 | −$0.14 | −$0.14 | −$0.14 | −$0.06 | −$0.11 |
| EBITDA | −24 | −21 | −19 | −21 | −20 | −22 | −22 | −26 |
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