Solid Power, Inc. SLDP
Solid Power is a U.S.-based leader in solid-state battery technology and manufacturing processes. Our core technology is a sulfide-based solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells. We believe our electrolyte technology has the potential to enable a step-change improvement in battery cell performance beyond what is currently achievable in conventional lithium-ion battery cells, including improved energy density, battery life, and safety performance. We are currently targeting the battery electric vehicle ("EV") market due to the size and perceived demand for next generation battery technology but believe our technologies can have a broader application as the technologies mature.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $17.9M | $20.1M | $17.4M | $11.8M | $2.7M | $2.1M | — |
| R&D | $72.5M | $73.3M | $54.7M | $38.6M | $17.1M | $9.6M | — |
| SG&A | $29.4M | $31.8M | $25.6M | $22.7M | $5.7M | $1.2M | — |
| Total operating expenses | $122.6M | $125.5M | $108.0M | $70.9M | $29.3M | $13.7M | — |
| Operating income | -$100.8M | -$105.3M | -$90.6M | -$59.1M | -$26.5M | -$11.6M | — |
| Interest expense | $25.0K | $46.0K | $84.0K | $42.0K | $394.0K | $361.0K | — |
| Pre-tax income | -$93.5M | -$95.2M | -$65.5M | -$9.8M | $18.1M | -$14.3M | — |
| Income tax | $8.0K | $1.2M | $2.0K | $227.0K | $25.0K | $118.0K | — |
| Net income | -$93.4M | -$96.5M | -$65.5M | -$9.6M | $18.1M | -$14.4M | — |
| EPS, basic | -0.51 | -0.54 | -0.37 | -0.05 | 0.13 | -0.21 | — |
| EPS, diluted | -0.51 | -0.54 | -0.37 | -0.05 | 0.11 | -0.21 | — |
| Shares, diluted (wtd. avg.) | 184.9M | 179.4M | 178.0M | 174.4M | 95.5M | 69.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $21.6M | $25.4M | $34.5M | $50.1M | $513.4M | $5.0M | $10.6M |
| Short-term investments | $229.2M | $92.8M | $141.5M | $273.0M | $75.9M | $0 | — |
| Receivables | $2.2M | $1.4M | — | — | — | — | — |
| Total current assets | $267.4M | $125.2M | $183.1M | $327.8M | $594.4M | $5.5M | — |
| Property, plant and equipment | $86.3M | $97.2M | $99.2M | $82.8M | $22.1M | $8.5M | — |
| Goodwill | — | — | — | $0 | — | — | — |
| Other intangibles | $2.2M | $2.1M | $1.6M | $1.1M | $619.0K | $248.0K | — |
| Total assets | $455.1M | $448.2M | $532.8M | $594.4M | $617.7M | $14.2M | — |
| Short-term debt | — | — | — | $7.0K | $120.0K | $1.2M | — |
| Total current liabilities | $16.8M | $20.0M | $15.9M | $20.7M | $8.4M | $1.8M | — |
| Long-term debt | — | — | — | $7.0K | $10.0K | $1.5M | — |
| Total liabilities | $38.9M | $37.9M | $29.5M | $39.1M | $59.0M | $10.3M | — |
| Retained earnings | -$274.9M | -$181.2M | -$84.6M | -$19.1M | -$9.5M | -$27.6M | — |
| Total equity | $415.7M | $410.3M | $503.3M | $555.4M | $558.7M | $3.9M | -$16.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$73.4M | -$63.9M | -$58.3M | -$33.8M | -$25.4M | -$10.0M | — |
| Depreciation and amortisation | $18.4M | $16.5M | $12.0M | $5.2M | $2.4M | $2.1M | — |
| Stock-based compensation | $9.0M | $12.0M | $10.4M | $8.7M | $2.7M | $182.0K | — |
| Capital expenditure | $10.2M | $15.9M | $34.5M | $58.3M | $12.6M | $1.0M | — |
| Investing cash flow | -$19.9M | $64.2M | $42.5M | -$430.0M | -$88.9M | -$1.1M | — |
| Financing cash flow | $89.5M | -$9.4M | $173.0K | $485.0K | $622.8M | $5.4M | — |
| Buybacks | $3.6M | $9.1M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041131.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $2.1M | $2.7M | $11.8M | $17.4M | $20.1M | $17.9M |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | -$14.4M | $18.1M | -$9.6M | -$65.5M | -$96.5M | -$93.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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