QSQuantumScape Corp
Miscellaneous Electrical Machinery, Equipment & Supplies
- Revenue
- —
- Operating margin
- —
- EBITDA
- −$407M
- 13% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Operating income | −$215M | −$421M | −$479M | −$525M | −$473M | 10% |
| Net income | −$46M | −$412M | −$445M | −$478M | −$435M | 9.0% |
| Operating cash flow | −$128M | −$218M | −$240M | −$275M | −$242M | 12% |
| Capex | $127M | $159M | $85M | $62M | $36M | 42% |
| Stock-based comp | $52M | $127M | $166M | $145M | $127M | 12% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $3M · 9
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 12 | 30 |
| FY2024 | — | — | 6 | 19 |
| FY2023 | — | — | 8 | 29 |
| FY2022 | — | — | 7 | 37 |
| FY2021 | — | — | 26 | 69 |