QuantumScape Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-435.05	-477.86	-445.15	-411.91	-45.97
Depreciation & Amortization	73.22	65.79	49.75	36.12	14.7
Asset Writedown & Restructuring Costs	26.57	13.35	21.53	13.7	-
Loss (Gain) From Sale of Investments	-18.97	-29.31	-18.91	3.99	11.85
Stock-Based Compensation	127.46	144.65	166.3	127.11	52.18
Other Operating Activities	-4.04	0.02	0.54	0.85	-167.79
Change in Accounts Payable	-6.8	14.97	-2.9	5.61	13.18
Change in Other Net Operating Assets	-4.87	-6.17	-11.18	6.5	-6.05
Operating Cash Flow	-242.47	-274.56	-240.03	-218.02	-127.91
Capital Expenditures	-36.28	-62.13	-84.51	-158.85	-127.18
Investment in Securities	48.82	191	-68.02	282.96	-258.66
Other Investing Activities	2.39	-	-	-	-
Investing Cash Flow	14.93	128.87	-152.53	124.12	-385.83
Long-Term Debt Issued	-	-	-	-	5.51
Long-Term Debt Repaid	-3.23	-2.91	-1.97	-0.81	-
Net Debt Issued (Repaid)	-3.23	-2.91	-1.97	-0.81	5.51
Issuance of Common Stock	296.51	148.62	313.99	9.41	732.07
Other Financing Activities	19.53	-1.69	-11.8	-	-1.02
Financing Cash Flow	312.81	144.03	300.21	8.6	736.56
Net Cash Flow	85.27	-1.66	-92.34	-85.31	222.81
Free Cash Flow	-278.75	-336.69	-324.54	-376.87	-255.09
Free Cash Flow Per Share	-0.48	-0.66	-0.70	-0.87	-0.62
Cash Interest Paid	2.04	2.22	1.78	1.61	0.33
Levered Free Cash Flow	-134.38	-157.89	-164.24	-242.25	-181.62
Unlevered Free Cash Flow	-133.1	-156.5	-162.75	-240.75	-180.74
Change in Working Capital	-11.67	8.8	-14.08	12.12	7.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.