Solid Power Earnings Call Transcripts
Fiscal Year 2026
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A leading sulfide electrolyte innovator is scaling up production with a new continuous flow line and a major Korean JV, targeting EVs and expanding into robotics and mining. Revenue is shifting from collaborations to electrolyte supply, with ISO 9001 certification and new partnerships as key near-term catalysts.
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Strong execution advanced commercialization and manufacturing milestones, with improved electrolyte performance and ongoing strategic partnerships. Q2 saw a net loss of $23.8M, but liquidity remains robust at $419.3M, supporting continued growth initiatives.
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Q1 2026 saw steady operational progress, highlighted by SK On milestone completion and expansion of technology deployment. Revenue reached $3.1M, with a net loss of $13M, and liquidity strengthened to $435.3M after a January offering.
Fiscal Year 2025
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Revenue grew to $21.7M in 2025, driven by SK On agreements, while operating expenses declined. Strong liquidity and new partnerships with Samsung SDI and BMW position the company for commercialization, with a focus on disciplined investment and expanding electrolyte production.
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Q3 revenue reached $4.6 million, with year-to-date revenue up $2.4 million year-over-year. Strategic collaborations with Samsung SDI and BMW advanced, and liquidity increased to $300.4 million, with 2025 cash investment guidance revised to $85–$95 million.
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Q2 2025 revenue rose to $7.5M, driven by SK On milestone achievement, while net loss reached $40.5M. Major progress included BMW i7 test vehicle launch and advancing electrolyte production capacity, with strong liquidity of $279.8M as of June 30.
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Q1 2025 revenue rose slightly to $6M, driven by SK On collaboration and milestone execution. Operating expenses fell, and liquidity remains strong at $300M. Significant electrolyte revenue is expected post-2027 as customer adoption of solid-state technology progresses.
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The session highlighted progress in scaling all-solid-state battery technology, with a focus on EVs, strategic partnerships, and a capital-light business model centered on electrolyte sales. Expansion in Korea, DOE grant-backed manufacturing innovation, and strong OEM interest position the company for commercialization by 2030.
Fiscal Year 2024
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Revenue grew 16% to $20.1M in 2024, driven by SK On agreements and increased electrolyte sampling. Despite a $96.5M net loss, liquidity remains strong at $327.5M. 2025 will focus on expanding production, aggressive sampling, and maintaining financial discipline.
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Q3 2024 saw major progress with a $50M DOE grant selection, strong liquidity, and global expansion through BMW and SK On partnerships. Revenue reached $4.7M, with a net loss of $22.4M, while guidance for 2024 was reiterated.
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Q2 2024 saw $5.1M in revenue and a net loss of $22.3M, with strong liquidity and expanded electrolyte sampling. 2024 revenue guidance was reduced due to accounting and slower market uptake, but long-term commercialization plans remain on track.