Solid Power Income 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
Revenue	21.75	20.14	17.41	11.79	2.71
Revenue Growth (YoY)	7.99%	15.68%	47.68%	334.70%	28.96%
Cost of Revenue	20.65	20.28	27.73	9.59	3.07
Gross Profit	1.1	-0.15	-10.32	2.2	-0.36
Selling, General & Admin	29.42	31.85	25.55	22.72	9.08
Research & Development	72.51	73.34	54.75	38.59	17.1
Total Operating Expenses	101.93	105.19	80.3	61.32	26.19
Operating Income	-100.83	-105.33	-90.62	-59.12	-26.55
Interest Income	13.2	17.67	20.27	8.48	0.06
Interest Expense	-0.03	-0.05	-0.08	-0.04	-0.39
Other Non-Operating Income (Expense)	-5.77	-7.62	4.89	40.9	44.95
Total Non-Operating Income (Expense)	7.41	10.01	25.07	49.34	44.61
Pretax Income	-93.48	-95.19	-65.55	-9.78	18.07
Provision for Income Taxes	-0.01	1.19	-	-0.23	-0.03
Net Income	-93.41	-96.52	-65.55	-9.56	12.66
Net Income Attributable to Preferred Dividends	-	-	-	-	5.44
Net Income to Common	-93.41	-96.52	-65.55	-9.56	12.66
Shares Outstanding (Basic)	185	179	178	174	95
Shares Outstanding (Diluted)	185	179	178	174	115
Shares Change (YoY)	3.07%	0.78%	2.08%	51.75%	65.99%
EPS (Basic)	-0.51	-0.54	-0.37	-0.05	0.13
EPS (Diluted)	-0.51	-0.54	-0.37	-0.05	0.11
Shares Outstanding	201.18	180.36	179.01	176.01	167.56
Free Cash Flow	-83.6	-79.84	-92.77	-92.12	-38.06
Free Cash Flow Per Share	-0.45	-0.45	-0.52	-0.53	-0.33
Gross Margin	5.05%	-0.72%	-59.28%	18.64%	-13.31%
Operating Margin	-463.66%	-523.03%	-520.50%	-501.48%	-978.83%
Profit Margin	-429.83%	-478.61%	-376.50%	-81.05%	667.11%
FCF Margin	-384.43%	-396.45%	-532.87%	-781.41%	-1403.28%
EBITDA	-81.04	-87.97	-77.89	-53.2	-24.19
EBITDA Margin	-372.65%	-436.81%	-447.39%	-451.25%	-891.81%
EBIT	-100.83	-105.33	-90.62	-59.12	-26.55
EBIT Margin	-463.66%	-523.03%	-520.50%	-501.48%	-978.83%
Effective Tax Rate	0.01%	-1.25%	0.00%	2.32%	-0.14%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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