Solid Power, Inc. Warrant (SLDPW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 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).
Development-stage spending, not gross margin, is the visible mechanic: research investment vastly exceeds revenue while financing supplies balance-sheet support.
Revenue reached$21.7M in FY2025 while operating loss narrowed to-$100.8M , indicating incremental sales did not yet absorb the development cost base. Yet operating cash flow worsened from-$64.0M in FY2024 to-$73.4M , so the accounting improvement did not translate into cash improvement.
R&D spending was
A 15.9x current ratio alongside
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 68/100 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 47/100 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 82/100 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 58/100 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 33/100 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, both operating efficiency signals pass.
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's EBITDA was -$25.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20.0% from the same quarter a year earlier. Against the prior quarter it is down 18.1%.
Solid Power, Inc. Warrant reported -$23.8M in net income in Q2 2026. This represents an increase of 6.0% from the same quarter a year earlier. Against the prior quarter it is down 82.8%.
Solid Power, Inc. Warrant earned -$0.11 per diluted share (EPS) in Q2 2026. This represents an increase of 21.4% from the same quarter a year earlier. Against the prior quarter it is down 83.3%.
Not reported for Q2 2026.
Cash & Balance Sheet
Solid Power, Inc. Warrant recorded an outflow of $14.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 14.3% from the same quarter a year earlier. Against the prior quarter it is up 28.1%.
Solid Power, Inc. Warrant held $24.3M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Solid Power, Inc. Warrant's ROE was -4.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Solid Power, Inc. Warrant invested $19.4M in research and development in Q2 2026. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is up 9.1%.
Solid Power, Inc. Warrant invested $6.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 132.8% from the same quarter a year earlier. Against the prior quarter it is up 274.7%.
Not reported for Q2 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | 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% | $4.7M-26.9% |
| R&D Expenses | $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% | $17.3M+21.7% |
| SG&A Expenses | $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+9.0% | $8.0M+23.4% |
| Operating Income | -$30.3M-17.1% | -$26.3M-9.6% | -$26.5M-5.9% | -$24.4M+11.5% | -$25.9M+4.0% | -$24.0M+6.8% | -$25.0M+2.4% | -$27.6M-28.3% |
| EBITDA | -$25.5M-20.0% | -$21.6M-10.9% | -$21.9M-6.4% | -$19.8M+16.0% | -$21.3M+7.0% | -$19.5M+10.9% | -$20.6M+4.3% | -$23.6M-26.8% |
| Interest Expense | $9K+28.6% | $197K+2362.5% | $4K+107.1% | $6K-45.5% | $7K-85.7% | $8K-81.0% | -$56K-224.4% | $11K-15.4% |
| Income Tax | -$79K-1416.7% | $84K | N/A | $360K-4.3% | $6K-98.8% | N/A | N/A | $376K |
| Net Income | -$23.8M+6.0% | -$13.0M+14.0% | -$27.1M+11.6% | -$25.9M-15.4% | -$25.3M-13.8% | -$15.2M+28.6% | -$30.6M-60.8% | -$22.4M-48.1% |
| EPS (Basic) | -$0.11+21.4% | -$0.06+25.0% | -$0.14+17.6% | -$0.14-7.7% | -$0.14-7.7% | -$0.08+33.3% | -$0.17-54.5% | -$0.13-62.5% |
| EPS (Diluted) | -$0.11+21.4% | -$0.06+25.0% | -$0.14+17.6% | -$0.14-7.7% | -$0.14-7.7% | -$0.08+33.3% | -$0.17-54.5% | -$0.13-62.5% |
| Diluted Shares (Avg) | 226M+25.3% | 217M+19.8% | N/A | N/A | 180M | 181M | N/A | 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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% | $470.9M-13.4% |
| Current Assets | $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% | $139.9M-31.7% |
| Cash & Equivalents | $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% | $38.0M+38.3% |
| Short-Term Investments | $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% | $94.0M-43.4% |
| Accounts Receivable | $3.2M | $4.2M | $2.2M+54.7% | N/A | N/A | N/A | $1.4M | N/A |
| Long-Term Investments | $177.9M+250.7% | $181.0M+203.2% | $87.0M-58.7% | $50.4M-76.7% | $50.7M-76.8% | $59.7M-74.3% | $210.4M | $216.1M-5.6% |
| Total Liabilities | $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% | $31.4M+19.4% |
| Current Liabilities | $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% | $20.3M+69.9% |
| Non-Current Liabilities | $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% | $11.1M-22.7% |
| Total Equity | $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% | $439.4M-15.1% |
| Retained Earnings | -$311.6M-40.6% | -$287.8M-46.6% | -$274.9M-51.7% | -$247.7M-64.5% | -$221.7M-73.0% | -$196.3M-85.5% | -$181.2M-114.1% | -$150.5M-129.5% |
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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.4M+41.7% | -$18.8M+28.7% | -$18.4M-32.6% | -$14.3M-44.8% | -$14.4M-30.0% | -$26.3M+9.5% | -$13.9M-109.8% | -$9.9M+35.8% |
| Depreciation & Amortization | $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% | $4.0M+38.6% |
| Stock-Based Compensation | $3.1M+45.5% | $2.7M+47.9% | N/A | $2.5M-19.2% | $2.2M-29.4% | $1.8M-36.1% | N/A | $3.1M-6.9% |
| Capital Expenditures | $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% | $2.8M-66.7% |
| Free Cash Flow | -$14.7M+14.3% | -$20.4M+28.7% | -$23.0M-23.7% | -$14.8M-17.5% | -$17.1M-10.4% | -$28.6M+13.5% | -$18.6M-60.2% | -$12.6M+46.7% |
| Investing Cash Flow | $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% | $17.3M+19.8% |
| Financing Cash Flow | -$1.5M+55.8% | $120.9M+72521.0% | $58.7M+7906.9% | $34.3M+23579.5% | -$3.3M+3.0% | -$167K+96.7% | -$752K-629.6% | -$146K-41.7% |
| Share Buybacks | N/A | N/A | $0-100.0% | $0 | $3.6M+6.9% | N/A | $798K | $0 |
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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | -857.3% | -730.1% | -535.6% | -343.1% | -399.4% | -561.1% | -593.2% |
| Net Margin | N/A | -423.9% | -745.1% | -567.3% | -336.1% | -251.8% | -686.5% | -482.0% |
| Return on Equity | -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 | -5.1%-2.2pp |
| Return on Assets | -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 | -4.8%-2.0pp |
| Current Ratio | 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 | 6.88-10.2x |
| Debt-to-Equity | 0.050.0x | 0.060.0x | 0.090.0x | 0.090.0x | 0.070.0x | 0.060.0x | 0.090.0x | 0.070.0x |
| Asset Turnover | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.020.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | N/A | -664.6% | -633.0% | -325.4% | -227.2% | -476.1% | -416.5% | -271.5% |
Not reported in any period shown, so not listed: Gross Margin.
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.
| 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 | 64/100 |
| Sypris Solutions Inc SYPR | FY2025 | $119.9M | -$6K | 0.0% | $39.6M | 29/100 |
| Westport Fuel Systems Inc WPRT | FY2025 | $23.3M | -$61.6M | N/A | $36.7M | 52/100 |
| Worksport, Ltd. WKSP | FY2025 | $16.1M | $16.1M | 100.0% | $6.4M | 48/100 |
| Carbon Revolution Public Limited CREV | FY2024 | $47.3M | -$146.4M | N/A | $775K | — |
Where Solid Power, Inc. Warrant Ranks
Frequently Asked Questions
What is Solid Power, Inc. Warrant's annual revenue?
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.
How fast is Solid Power, Inc. Warrant's revenue growing?
Solid Power, Inc. Warrant (SLDPW) revenue grew by 8.0% year-over-year, from $20.1M to $21.7M in fiscal year 2025.
Is Solid Power, Inc. Warrant profitable?
No, Solid Power, Inc. Warrant (SLDPW) reported a net income of -$93.4M in fiscal year 2025.
What is Solid Power, Inc. Warrant's EBITDA?
Solid Power, Inc. Warrant (SLDPW) had EBITDA of -$82.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Solid Power, Inc. Warrant's return on equity (ROE)?
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.
What is Solid Power, Inc. Warrant's free cash flow?
Solid Power, Inc. Warrant (SLDPW) recorded an outflow of $83.6M in free cash flow during fiscal year 2025. This represents a -4.7% change compared to the previous fiscal year. 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.
What is Solid Power, Inc. Warrant's operating cash flow?
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.
What are Solid Power, Inc. Warrant's total assets?
Solid Power, Inc. Warrant (SLDPW) had $455.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Solid Power, Inc. Warrant's capital expenditures?
Solid Power, Inc. Warrant (SLDPW) invested $10.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Solid Power, Inc. Warrant spend on research and development?
Solid Power, Inc. Warrant (SLDPW) invested $72.5M in research and development during fiscal year 2025.
What is Solid Power, Inc. Warrant's current ratio?
Solid Power, Inc. Warrant (SLDPW) had a current ratio of 15.92 as of fiscal year 2025, which is generally considered healthy.
What is Solid Power, Inc. Warrant's debt-to-equity ratio?
Solid Power, Inc. Warrant (SLDPW) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Solid Power, Inc. Warrant's return on assets (ROA)?
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.
How does Solid Power, Inc. Warrant's liquidity compare with its operating cash outflow?
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.
What is Solid Power, Inc. Warrant's Piotroski F-Score?
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.
Are Solid Power, Inc. Warrant's earnings high quality?
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.
Can Solid Power, Inc. Warrant cover its interest payments?
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.
How financially healthy is Solid Power, Inc. Warrant?
Solid Power, Inc. Warrant (SLDPW) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite 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.