SLDPSolid Power, Inc.
Miscellaneous Electrical Machinery, Equipment & Supplies
- Revenue
- $18M
- 11% YoY
- Operating margin
- -562.9%
- 7.6% YoY
- EBITDA
- −$82M
- 7.3% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$24M net debt
- AI in 10-K
- —
Red flags 1 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 SBCFired50% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-5% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3M | $12M | $17M | $20M | $18M | 11% |
| Operating income | −$27M | −$59M | −$91M | −$105M | −$101M | 4.3% |
| Net income | $18M | −$10M | −$66M | −$97M | −$93M | 3.2% |
| Operating cash flow | −$25M | −$34M | −$58M | −$64M | −$73M | 15% |
| Capex | $13M | $58M | $35M | $16M | $10M | 36% |
| Stock-based comp | $3M | $9M | $10M | $12M | $9M | 25% |
| Buybacks | — | — | — | $9M | $4M | 60% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 167 | — |
| FY2024 | — | — | 74 | — |
| FY2023 | — | — | 57 | — |