Solid Power Earnings Call Transcripts
Fiscal Year 2026
-
Solid-state battery technology using sulfide electrolytes promises higher energy density, safety, and cost efficiency, with scalable manufacturing and strong industry partnerships. Production is set to expand significantly, supported by robust financials and external funding.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.