NASDAQ$SLDP

Solid Power Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Solid Power Inc reported Q2 2025 results with revenue growth but continued operating and net losses.

For the three months ended June 30, 2025, Solid Power generated $6.5 million in revenue and $1.1 million in grant income, resulting in an operating loss of $25.9 million and a net loss of $25.3 million or $0.14 per share. Cash and cash equivalents stood at $26.2 million with total liquidity of $279.8 million. The company continued executing on electrolyte development and SK On agreements while maintaining fiscal discipline.

  • Q2 revenue rose 28% year-over-year to $6.5 million, supplemented by $1.1 million in new DOE grant income.
  • Operating loss narrowed slightly to $25.9 million as cost controls offset higher direct costs from milestone achievements.
  • Net loss widened to $25.3 million due to a $3.2 million non-cash warrant liability fair value loss.
  • Liquidity remained strong at $279.8 million, supporting ongoing electrolyte pilot line construction and R&D.

Headline financials

Total Revenue

$7.54M

Previous: $5.08M+48.6%
EPS (adj)

-$0.14

Previous: -$0.13-7.7%
Capital Expenditures

-$5.04M

Previous: -$8.46M+40.4%
Net Income

-$25.3M

Previous: -$22.3M-13.8%
Operating Income

-$25.9M

Previous: -$26.9M+4.0%
Cash & Equivalents

$26.2M

Previous: $30.6M-14.3%

Revenue & EPS history

Solid Power · Revenue · Quarterly

$7.54M

Q2 2025+48.6%vs Q2 2024
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Solid Power · $7.54M total across 2 segments · Q2 2025

  • Revenue
    $6.49M
  • Grant Income
    $1.06M

Forward guidance

Company expects continued execution on SK On agreements and electrolyte pilot line with site acceptance testing later in 2025.

Tailwinds

  • Factory acceptance testing milestone completed with SK On
  • Detailed design work advancing for continuous electrolyte pilot line
  • Strong customer demand for multiple electrolyte generations

Headwinds

  • Direct costs expected to rise with milestone work
  • Operating expenses to remain consistent with first half of 2025

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+3.4%

Avg return

Earnings day

+2.4%

Avg return

5 days after

-5.5%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+51.5%

Q3 2025

Best reaction

-19.0%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-4.7%-10.3%-16.8%
Q4 2025+7.9%+0.0%-17.5%
Q3 2025+51.5%+30.9%-7.9%
Q1 2025+5.4%+26.5%+42.5%
Q4 2024+0.8%-7.4%-11.5%
Q3 2024-0.9%-9.4%-6.0%
Q2 2024-19.0%-15.2%-20.3%
Q1 2024-8.9%-9.9%-12.0%
Q4 2023+3.1%+1.2%+25.3%
Q3 2023+12.4%-1.5%+2.2%
Q2 2023+8.1%-2.8%-14.2%
Q1 2023-1.4%-5.7%+16.7%
Q4 2022-13.3%-4.7%-13.9%
Q3 2022-8.7%+0.5%-53.2%
Q2 2022+11.3%+8.6%-7.3%
Q1 2022-2.2%+15.7%+4.6%
Q4 2020+12.8%+6.5%-4.9%
Q4 2021+3.2%+4.2%-8.4%
Q3 2021+11.9%+12.2%-19.2%
Q2 2021-0.3%-0.4%+0.9%
Q1 2021+3.2%+11.5%+6.1%

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