Solid Power Warrant (SLDPW) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SLDPW SEC filings page.
Solid Power, Inc. Warrant (SLDPW) reported $21.7M in revenue for fiscal year 2025, up 8.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Solid Power remains a development-stage business: research spending far exceeds revenue, while losses consume cash and financing replenishes the balance sheet.
FY2025 revenue reached$21.7M , but operating cash flow was-$73.4M ; the business is adding sales without yet converting them into internally generated cash. That gap, alongside free cash flow of-$83.6M , shows that reported activity is not being funded by operations and still depends on financing or other balance-sheet movements.
R&D spending was
The 15.9x current ratio and
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Solid Power, Inc. Warrant's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Solid Power, Inc. Warrant held $337.8M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $73.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Solid Power, Inc. Warrant scores 71/100 among other emerging companies.
Solid Power, Inc. Warrant had 221M shares outstanding at the end of fiscal year 2025, against 182M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Solid Power, Inc. Warrant scores 53/100 among other emerging companies.
Solid Power, Inc. Warrant spent $72.5M on research and development in fiscal year 2025, which was 59.2% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Solid Power, Inc. Warrant scores 80/100 among other emerging companies.
Solid Power, Inc. Warrant reported revenue of $21.7M in fiscal year 2025, against $20.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Solid Power, Inc. Warrant scores 57/100 among other emerging companies.
Solid Power, Inc. Warrant's operations used $73.4M of cash in fiscal year 2025, against $63.9M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Solid Power, Inc. Warrant scores 37/100 among other emerging companies.
Solid Power, Inc. Warrant's cash, cash equivalents and investments came to $337.8M at the end of fiscal year 2025, against $38.9M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Solid Power, Inc. Warrant scores 95/100 among other emerging companies.
Solid Power, Inc. Warrant passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Solid Power, Inc. Warrant reported a net loss of $93.4M while operations used $73.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Solid Power, Inc. Warrant reported an operating loss of $100.8M against $25K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Solid Power, Inc. Warrant generated $1.2M in revenue in Q3 2026. This represents a decrease of 73.2% from the same quarter a year earlier.
Solid Power, Inc. Warrant's EBITDA was -$25.1M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Solid Power, Inc. Warrant reported a net loss of $24.4M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Solid Power, Inc. Warrant earned -$0.11 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Solid Power, Inc. Warrant recorded an outflow of $21.5M in free cash flow in Q3 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Solid Power, Inc. Warrant held $23.3M in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Margins & Returns
Solid Power, Inc. Warrant's quarterly ROE was -5.1% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Not reported for Q3 2026.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Solid Power, Inc. Warrant invested $18.7M in research and development in Q3 2026. This represents an increase of 2.5% from the same quarter a year earlier. Against the prior quarter it is down 3.3%.
Solid Power, Inc. Warrant invested $4.7M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 720.4% from the same quarter a year earlier. Against the prior quarter it is down 25.3%.
Not reported for Q3 2026.
SLDPW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M-73.2% | N/A | $3.1M-48.9% | $3.6M-18.6% | $4.6M-2.0% | $7.5M+48.6% | $6.0M+1.1% | $4.5M+90.1% |
| R&D Expenses | $18.7M+2.5% | $19.4M+5.6% | $17.7M-6.7% | $16.9M-9.4% | $18.3M+5.5% | $18.3M-1.0% | $19.0M+0.8% | $18.6M+29.7% |
| SG&A Expenses | $9.8M+38.7% | $8.5M+29.2% | $8.1M-2.5% | $7.4M+1.8% | $7.1M-11.0% | $6.6M-17.9% | $8.3M-2.8% | $7.3M+16.6% |
| Operating Income | -$29.8Mn/m | -$30.3Mn/m | -$26.3Mn/m | -$26.5Mn/m | -$24.4Mn/m | -$25.9Mn/m | -$24.0Mn/m | -$25.0Mn/m |
| EBITDA | -$25.1Mn/m | -$25.5Mn/m | -$21.6Mn/m | -$21.9Mn/m | -$19.8Mn/m | -$21.3Mn/m | -$19.5Mn/m | -$20.6Mn/m |
| Interest Expense | $2K-66.7% | $9K+28.6% | $197K+2362.5% | $4Kn/m | $6K-45.5% | $7K-85.7% | $8K-81.0% | -$56K-224.4% |
| Income Tax | $1K-99.7% | -$79K-1416.7% | $84K | -$373K-221.5% | $360K-4.3% | $6K-98.8% | N/A | $307K |
| Net Income | -$24.4Mn/m | -$23.8Mn/m | -$13.0Mn/m | -$27.1Mn/m | -$25.9Mn/m | -$25.3Mn/m | -$15.2Mn/m | -$30.6Mn/m |
| EPS (Basic) | -$0.11n/m | -$0.11n/m | -$0.06n/m | -$0.14n/m | -$0.14n/m | -$0.14n/m | -$0.08n/m | -$0.17n/m |
| EPS (Diluted) | -$0.11n/m | -$0.11n/m | -$0.06n/m | -$0.14n/m | -$0.14n/m | -$0.14n/m | -$0.08n/m | -$0.17n/m |
| Diluted Shares (Avg) | 228M+25.1% | 226M+25.3% | 217M+19.8% | N/A | 182M | 180M | 181M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
SLDPW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $505.4M+21.5% | $527.1M+32.4% | $554.7M+32.3% | $455.1M+1.5% | $416.1M-11.6% | $398.0M-19.2% | $419.4M-18.7% | $448.3M-15.9% |
| Current Assets | $247.6M-5.6% | $251.4M+4.9% | $274.7M+10.2% | $267.4M+113.5% | $262.2M+87.4% | $239.7M+49.0% | $249.3M+46.2% | $125.2M-31.6% |
| Cash & Equivalents | $23.3M-50.8% | $24.3M-7.5% | $31.5M+7.0% | $21.6M-15.0% | $47.3M+24.5% | $26.2M-14.3% | $29.5M+110.1% | $25.4M-26.4% |
| Short-Term Investments | $212.0M+4.0% | $218.2M+6.6% | $223.9M+5.9% | $229.2M+147.0% | $203.9M+116.9% | $204.7M+86.3% | $211.5M+59.5% | $92.8M-34.4% |
| Accounts Receivable | $6.2M | $3.2M | $4.2M | $2.2M+54.7% | N/A | N/A | N/A | $1.4M |
| Long-Term Investments | $163.6M+224.4% | $177.9M+250.7% | $181.0M+203.2% | $87.0M-58.7% | $50.4M-76.7% | $50.7M-76.8% | $59.7M-74.3% | $210.4Mn/m |
| Total Liabilities | $26.2M-24.3% | $24.9M-8.5% | $29.3M+31.4% | $38.9M+2.6% | $34.6M+10.2% | $27.2M-24.1% | $22.3M-39.5% | $37.9M+28.8% |
| Current Liabilities | $18.8M+13.0% | $17.2M+38.8% | $17.1M+63.5% | $16.8M-15.9% | $16.6M-18.4% | $12.4M-46.0% | $10.4M-42.8% | $20.0M+25.8% |
| Non-Current Liabilities | $7.5M-58.7% | $7.7M-48.0% | $12.2M+3.1% | $22.1M+23.1% | $18.0M+62.7% | $14.8M+14.9% | $11.8M-36.2% | $18.0M+32.3% |
| Total Equity | $478.8M+25.6% | $501.7M+35.4% | $525.1M+32.2% | $415.7M+1.3% | $381.2M-13.3% | $370.6M-18.9% | $397.1M-17.2% | $410.3M-18.5% |
| Retained Earnings | -$336.0Mn/m | -$311.6Mn/m | -$287.8Mn/m | -$274.9Mn/m | -$247.7Mn/m | -$221.7Mn/m | -$196.3Mn/m | -$181.2Mn/m |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
SLDPW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$16.8Mn/m | -$8.4Mn/m | -$18.8Mn/m | -$18.4Mn/m | -$14.3Mn/m | -$14.4Mn/m | -$26.3Mn/m | -$13.9Mn/m |
| Depreciation & Amortization | $4.8M+3.2% | $4.8M+3.4% | $4.7M+4.2% | $4.7M+4.0% | $4.6M+15.2% | $4.6M+13.2% | $4.5M+16.2% | $4.5M+7.6% |
| Stock-Based Compensation | $2.9M+15.7% | $3.1M+45.5% | $2.7M+47.9% | N/A | $2.5M-19.2% | $2.2M-29.4% | $1.8M-36.1% | N/A |
| Capital Expenditures | $4.7M+720.4% | $6.3M+132.8% | $1.7M-29.0% | $4.6M-2.4% | $570K-79.5% | $2.7M-38.9% | $2.4M-41.9% | $4.7M-5.6% |
| Free Cash Flow | -$21.5Mn/m | -$14.7Mn/m | -$20.4Mn/m | -$23.0Mn/m | -$14.8Mn/m | -$17.1Mn/m | -$28.6Mn/m | -$18.6Mn/m |
| Investing Cash Flow | $16.8M+1536.2% | $2.7M-81.7% | -$92.3M-402.6% | -$66.0M-3295.9% | $1.0M-94.1% | $14.6M-53.2% | $30.5M+123.6% | $2.1M-84.8% |
| Financing Cash Flow | -$719K-102.1% | -$1.5Mn/m | $120.9Mn/m | $58.7Mn/m | $34.3Mn/m | -$3.3Mn/m | -$167Kn/m | -$752K-629.6% |
| Share Buybacks | N/A | N/A | N/A | $0-100.0% | $0n/m | $3.6M+6.9% | N/A | $798K |
Not reported in any period shown, so not listed: Dividends Paid.
SLDPW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -2437.9% | N/A | -857.3% | -730.1% | -535.6% | -343.1% | -399.4% | -561.1% |
| Net Margin | -1989.6% | N/A | -423.9% | -745.1% | -567.3% | -336.1% | -251.8% | -686.5% |
| Return on Equity | -5.1%+1.7pp | -4.8%+2.1pp | -2.5%+1.3pp | -6.5%+1.0pp | -6.8%-1.7pp | -6.8%-2.0pp | -3.8%+0.6pp | -7.5%-3.7pp |
| Return on Assets | -4.8%+1.4pp | -4.5%+1.9pp | -2.4%+1.3pp | -5.9%+0.9pp | -6.2%-1.5pp | -6.4%-1.9pp | -3.6%+0.5pp | -6.8%-3.3pp |
| Current Ratio | 13.19-2.6x | 14.61-4.7x | 16.11-7.8x | 15.92+9.7x | 15.78+8.9x | 19.33+12.3x | 23.90+14.5x | 6.27-5.3x |
| Liabilities-to-Equity | 0.050.0x | 0.050.0x | 0.060.0x | 0.090.0x | 0.090.0x | 0.070.0x | 0.060.0x | 0.090.0x |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.020.0x | 0.010.0x | 0.010.0x |
| FCF Margin | -1754.1% | N/A | -664.6% | -633.0% | -325.4% | -227.2% | -476.1% | -416.5% |
Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Solid Power, Inc. Warrant SLDPW | FY2025 | $21.7M | -$93.4M | N/A | N/A | 66/100 |
| QuantumScape Corporation QS | FY2025 | N/A | -$435.1M | N/A | $2.5B | — |
| NeoVolta Inc. NEOV | FY2026 | $13.3M | -$21.5M | N/A | $124.5M | 43/100 |
| First Solar, Inc. FSLR | FY2025 | $5.2B | $1.5B | 29.3% | $21.0B | 74/100 |
| NuScale Power Corporation SMR | FY2025 | $31.5M | -$355.8M | N/A | $1.8B | 51/100 |
| Enovix Corporation ENVX | FY2025 | $31.8M | -$156.7M | N/A | $526.7M | 66/100 |
Where Solid Power, Inc. Warrant Ranks
Frequently Asked Questions
Solid Power, Inc. Warrant (SLDPW) reported $21.7M in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Solid Power, Inc. Warrant (SLDPW) revenue grew by 8.0% year-over-year, from $20.1M to $21.7M in fiscal year 2025.
No, Solid Power, Inc. Warrant (SLDPW) reported a net loss of $93.4M in fiscal year 2025.
Solid Power, Inc. Warrant (SLDPW) had EBITDA of -$82.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Solid Power, Inc. Warrant (SLDPW) has a return on equity of -22.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Solid Power, Inc. Warrant (SLDPW) recorded an outflow of $83.6M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Solid Power, Inc. Warrant (SLDPW) recorded an outflow of $73.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Solid Power, Inc. Warrant (SLDPW) had $455.1M in total assets as of fiscal year 2025, including both current and long-term assets.
Solid Power, Inc. Warrant (SLDPW) invested $10.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Solid Power, Inc. Warrant (SLDPW) invested $72.5M in research and development during fiscal year 2025.
Solid Power, Inc. Warrant (SLDPW) had a current ratio of 15.92 as of fiscal year 2025, which is generally considered healthy.
Solid Power, Inc. Warrant (SLDPW) had a liabilities-to-equity ratio of 0.09 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Solid Power, Inc. Warrant (SLDPW) had a return on assets of -20.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2025, Solid Power, Inc. Warrant (SLDPW) held $337.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $73.4M over that year. Dividing the one by the other, the reported balance equals about 55 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Solid Power, Inc. Warrant (SLDPW) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Solid Power, Inc. Warrant (SLDPW) reported a net loss of $93.4M while operations used $73.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Solid Power, Inc. Warrant (SLDPW) reported an operating loss of $100.8M against $25K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Solid Power, Inc. Warrant (SLDPW) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.