QuantumScape (QS)
Market Price (6/21/2026): $8.07 | Market Cap: $4.9 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
QuantumScape (QS)
Market Price (6/21/2026): $8.07Market Cap: $4.9 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% Megatrend and thematic driversMegatrends include Battery Technology & Metals, Electric Vehicles & Autonomous Driving, and Renewable Energy Transition. Themes include Advanced Battery Components, Show more. | Weak multi-year price returns3Y Excs Rtn is -64% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -458 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% High stock price volatilityVol 12M is 104% Key risksQS key risks include [1] the significant challenge of perfecting and scaling its unproven solid-state battery technology from prototype to high-volume commercial production, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, Electric Vehicles & Autonomous Driving, and Renewable Energy Transition. Themes include Advanced Battery Components, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -64% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -458 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
| High stock price volatilityVol 12M is 104% |
| Key risksQS key risks include [1] the significant challenge of perfecting and scaling its unproven solid-state battery technology from prototype to high-volume commercial production, Show more. |
Qualitative Assessment
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QuantumScape (QS) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Multi-year joint research agreement with Honda R&D significantly boosted investor confidence.
On June 18, 2026, QuantumScape announced a multi-year joint research agreement with Honda R&D to advance solid-state battery technology and manufacturing processes, following Honda's successful evaluation of QuantumScape's platform. This news led to a notable rise in QuantumScape's stock value, climbing by 15.8% on the day of the announcement.
2. Tangible progress on the highly automated Eagle Line pilot production system.
During fiscal Q1 2026 (ending March 31, 2026), QuantumScape completed the installation of its Eagle Line and commenced start-up operations, producing initial volumes of QSE-5 solid-state cells. The company plans to ramp up QSE-5 cell production in fiscal Q2 2026 to support customer programs, demonstrating progress towards scalable manufacturing and commercialization.
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QuantumScape (QS) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Multi-year joint research agreement with Honda R&D significantly boosted investor confidence.
On June 18, 2026, QuantumScape announced a multi-year joint research agreement with Honda R&D to advance solid-state battery technology and manufacturing processes, following Honda's successful evaluation of QuantumScape's platform. This news led to a notable rise in QuantumScape's stock value, climbing by 15.8% on the day of the announcement.
2. Tangible progress on the highly automated Eagle Line pilot production system.
During fiscal Q1 2026 (ending March 31, 2026), QuantumScape completed the installation of its Eagle Line and commenced start-up operations, producing initial volumes of QSE-5 solid-state cells. The company plans to ramp up QSE-5 cell production in fiscal Q2 2026 to support customer programs, demonstrating progress towards scalable manufacturing and commercialization.
3. Fiscal Q1 2026 earnings beat and strategic expansion into new high-value markets.
For fiscal Q1 2026, QuantumScape reported an earnings per share (EPS) of -$0.16, beating the consensus estimate of -$0.18 by $0.02, or 11.1%. The company also recorded its first customer billings of $11.0 million in fiscal Q1 2026 and began exploring new markets such as AI data centers and defense, highlighting potential applications for its high-energy-density solid-state battery technology beyond automotive.
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Stock Movement Drivers
Fundamental Drivers
The 16.2% change in QS stock from 2/28/2026 to 6/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.92 | 8.04 | 16.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 605 | 611 | -1.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 6/20/2026| Return | Correlation | |
|---|---|---|
| QS | 16.2% | |
| Market (SPY) | 9.2% | 64.5% |
| Sector (XLY) | 0.5% | 55.7% |
Fundamental Drivers
The -34.2% change in QS stock from 11/30/2025 to 6/20/2026 was primarily driven by a -3.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.22 | 8.04 | -34.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 589 | 611 | -3.6% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 6/20/2026| Return | Correlation | |
|---|---|---|
| QS | -34.2% | |
| Market (SPY) | 9.9% | 59.5% |
| Sector (XLY) | -0.5% | 43.0% |
Fundamental Drivers
The 101.0% change in QS stock from 5/31/2025 to 6/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.00 | 8.04 | 101.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 548 | 611 | -10.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2025 to 6/20/2026| Return | Correlation | |
|---|---|---|
| QS | 101.0% | |
| Market (SPY) | 28.1% | 37.8% |
| Sector (XLY) | 10.5% | 27.8% |
Fundamental Drivers
The 23.9% change in QS stock from 5/31/2023 to 6/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.49 | 8.04 | 23.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 440 | 611 | -28.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2023 to 6/20/2026| Return | Correlation | |
|---|---|---|
| QS | 23.9% | |
| Market (SPY) | 85.7% | 33.9% |
| Sector (XLY) | 58.4% | 33.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| QS Return | -74% | -74% | 23% | -25% | 101% | -34% | -92% |
| Peers Return | 32% | -54% | -29% | -3% | 64% | 1% | -30% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| QS Win Rate | 33% | 25% | 50% | 33% | 42% | 33% | |
| Peers Win Rate | 48% | 42% | 48% | 35% | 52% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| QS Max Drawdown | -77% | -78% | -62% | -49% | -48% | -47% | |
| Peers Max Drawdown | -73% | -66% | -71% | -64% | -50% | ||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLDP, ENVX, AMPX, SES. See QS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | QS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -33.3% | -18.8% |
| % Gain to Breakeven | 49.9% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -45.6% | -9.5% |
| % Gain to Breakeven | 83.9% | 10.5% |
| Time to Breakeven | 621 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.7% | -6.7% |
| % Gain to Breakeven | 44.2% | 7.1% |
| Time to Breakeven | 54 days | 31 days |
In The Past
QuantumScape's stock fell -33.3% during the 2025 US Tariff Shock. Such a loss loss requires a 49.9% gain to breakeven.
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| Event | QS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -33.3% | -18.8% |
| % Gain to Breakeven | 49.9% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -45.6% | -9.5% |
| % Gain to Breakeven | 83.9% | 10.5% |
| Time to Breakeven | 621 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.7% | -6.7% |
| % Gain to Breakeven | 44.2% | 7.1% |
| Time to Breakeven | 54 days | 31 days |
In The Past
QuantumScape's stock fell -33.3% during the 2025 US Tariff Shock. Such a loss loss requires a 49.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About QuantumScape (QS)
QuantumScape (QS) is a development-stage company focused on innovating energy storage technology. The company specializes in the research, development, and eventual commercialization of advanced solid-state lithium-metal batteries. Founded in 2010, QuantumScape aims to overcome the limitations of traditional lithium-ion batteries by developing a more efficient and safer alternative.
The core product QuantumScape is developing is its proprietary solid-state lithium-metal battery technology. These batteries are designed to offer significant performance improvements, including higher energy density, faster charging capabilities, and enhanced safety, which are critical for next-generation power solutions. The primary market QuantumScape targets is the electric vehicle (EV) industry, where its technology could enable longer driving ranges and improved vehicle performance. Additionally, the company is exploring other applications where high-performance energy storage is essential.
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Here are 1-3 brief analogies for QuantumScape (QS):
- The Intel of solid-state EV batteries.
- A future LG Chem or CATL, but for revolutionary EV batteries.
- A company aiming to be the Tesla of EV batteries.
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- Solid-State Lithium-Metal Batteries: These are advanced batteries designed for electric vehicles and other applications, offering potential improvements over traditional lithium-ion batteries.
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Major Customers of QuantumScape (QS)
QuantumScape Corporation is a development stage company focused on the development and commercialization of solid-state lithium-metal batteries primarily for electric vehicles. As such, their primary customers are expected to be other companies, specifically automotive manufacturers.
Their most significant strategic partner and anticipated major customer is:
-
Volkswagen Group (Public symbols: VOW.DE, VWAGY)
Volkswagen Group is a major investor and has a long-standing strategic partnership and joint venture (QS-1) with QuantumScape. Volkswagen has been actively involved in testing QuantumScape's battery cells and is expected to be an early adopter of their technology for electric vehicles.
As a development stage company, QuantumScape is still in the process of scaling up production and commercialization, and their current "customer" relationships are primarily strategic partnerships for technology validation and future integration.
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Dr. Siva Sivaram President & Chief Executive Officer
Dr. Sivaram assumed the role of CEO in February 2024, having previously served as President of QuantumScape since September 2023. His extensive background includes serving as President of Technology and Strategy at Western Digital from August 2019 to August 2023, and as Executive Vice President of Memory Technology at SanDisk. He founded and led Twin Creek Technologies, a manufacturer specializing in novel solar cells, for five years. Dr. Sivaram also held leadership positions at Intel and Matrix Semiconductor, a pioneer in 3D semiconductors. He was also an entrepreneur-in-residence at Crosslink Capital and XSeed Capital.
Kevin Hettrich Chief Financial Officer
Mr. Hettrich has served as QuantumScape's Chief Financial Officer and Head of Business Operations since September 2018, having joined the company in 2012. His prior roles at QuantumScape included Vice President of Business Operations, Senior Director of Finance and Product Management, Director of Product Management, and Manager of Product Management. Before joining QuantumScape, Mr. Hettrich worked as a Private Equity Associate at Bain Capital from September 2007 to July 2009. He also served as a Business Analyst at McKinsey & Company from September 2004 to July 2007.
Timothy Holme Co-founder & Chief Technology Officer
Dr. Holme is a Co-founder of QuantumScape and has served as its Chief Technology Officer since January 2011. Prior to co-founding QuantumScape, he was a Research Associate at Stanford University from June 2008 to January 2011. His doctoral research at Stanford focused on the materials science and electrochemistry of energy conversion and storage devices.
Mohit Singh Chief Development Officer
Dr. Singh has served as QuantumScape's Chief Development Officer since June 2015. Previously, he was the Vice President, Research and Development and Engineering from April 2014 to June 2015. From 2004 to 2007, Dr. Singh conducted post-doctorate research in Chemical Engineering at the Lawrence Berkeley National Laboratory for the University of California, Berkeley.
Michael O. McCarthy Chief Legal Officer & Head of Corporate Development
Mr. McCarthy has served as QuantumScape's Chief Legal Officer and Head of Corporate Development since March 2013. Before joining QuantumScape, he was the Chief Administrative Officer at Infinera Corporation from April 2003 to March 2013. Prior to that, he served as Senior Vice President and General Counsel of Ciena Corporation from September 1997 to April 2003. He currently serves on the boards of several privately-held companies.
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Key Risks to QuantumScape (QS)
- Commercialization and Manufacturing Challenges: QuantumScape is a development-stage company that has not yet generated significant revenue from its core operations and has accumulated substantial financial losses. The most significant risk is the challenge of scaling up the production of its solid-state batteries from laboratory settings to consistent, high-volume manufacturing for automotive applications. This involves overcoming complex technical hurdles in manufacturing its proprietary ceramic separators and ensuring overall battery assembly achieves high yield, performance, and cost-effectiveness at an industrial scale.
- Intense Competition and Risk of Technological Obsolescence: The electric vehicle battery market is highly competitive. QuantumScape faces significant competition from numerous established players (e.g., Toyota, Samsung SDI, LG Chem, BYD) and other startups that are also actively developing solid-state battery technology or rapidly advancing conventional lithium-ion battery performance. There is a risk that competitors could achieve commercial mass production sooner, offer alternative or more cost-effective solutions, or that advancements in traditional lithium-ion technology could diminish the competitive advantage of QuantumScape's solid-state batteries.
- Reliance on Partnerships and Funding: While strategic partnerships, particularly with Volkswagen (PowerCo), are critical for QuantumScape's path to commercialization and provide significant investment, there is an inherent risk in relying heavily on these relationships for technology validation, development, and eventual market penetration. As a pre-revenue company incurring ongoing losses, QuantumScape also depends on external funding to finance its extensive research, development, and scaling efforts, with continued share dilution being a potential concern for investors.
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1. Commercialization and Adoption of QSE-5 Solid-State Batteries
The successful commercialization and broad adoption of QuantumScape's proprietary QSE-5 solid-state lithium-metal batteries are the foundational drivers of future revenue. As a pre-revenue company, generating substantial income hinges on moving from development and sampling to mass production and integration into electric vehicles and other applications.
2. Expansion of Licensing Agreements and Strategic Partnerships
QuantumScape is pursuing a capital-light licensing model, where its technology is licensed to automotive original equipment manufacturers (OEMs) and other partners for production. The existing partnership with Volkswagen's PowerCo SE, including potential milestone payments, is a key component. Expanding these licensing agreements to include additional major automotive OEMs will significantly contribute to revenue growth.
3. Scaling of Manufacturing Capabilities (Eagle Line and Cobra Process)
The successful ramp-up of the Eagle Line pilot production facility and the integration of the "Cobra" separator production process are critical for demonstrating scalable, repeatable commercial manufacturing. These advancements are essential for producing batteries at a volume and cost that meet the demands of partners, thereby enabling revenue generation from licensed production or direct sales.
4. Achievement of Performance Milestones through B-Sample Testing
Successful validation and field testing of QSE-5 cells in real-world vehicle environments ("B-samples") are vital. Meeting key performance specifications, such as high energy density (over 800 Wh/L) and rapid charging times (10% to 80% in 12 minutes), will trigger milestone payments from existing partners like PowerCo and validate the technology for other potential OEM customers, opening avenues for further revenue generation.
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Share Issuance
- QuantumScape completed underwritten public offerings in March 2021 and August 2023.
- The total shares outstanding for QuantumScape have increased by 63% since the company went public.
Inbound Investments
- Volkswagen (PowerCo) has made multiple equity investments in QuantumScape.
- In July 2025, PowerCo committed up to $131 million in milestone-based payments over the subsequent two years for the development of the QSE-5 pilot line in San Jose.
- QuantumScape recorded its first customer billings of $19.5 million in 2025, primarily from Volkswagen's PowerCo for joint development work, which were directly recorded to shareholders' equity.
Capital Expenditures
- Capital expenditures for the full year 2025 were $36.3 million.
- Projected capital expenditures for 2026 are expected to be between $40 million and $60 million.
- The primary focus of these capital expenditures is on advancing technology, acquiring facilities and equipment for the Eagle Line manufacturing prototype, and scaling the production of solid-state batteries.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 7.08 |
| Mkt Cap | 1.5 |
| Rev LTM | 22 |
| Op Inc LTM | -103 |
| FCF LTM | -76 |
| FCF 3Y Avg | -82 |
| CFO LTM | -66 |
| CFO 3Y Avg | -65 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 112.1% |
| Rev Chg 3Y Avg | 78.2% |
| Rev Chg Q | 32.5% |
| QoQ Delta Rev Chg LTM | 6.1% |
| Op Inc Chg LTM | 11.4% |
| Op Inc Chg 3Y Avg | -5.2% |
| Op Mgn LTM | -436.3% |
| Op Mgn 3Y Avg | -571.6% |
| QoQ Delta Op Mgn LTM | 23.1% |
| CFO/Rev LTM | -288.6% |
| CFO/Rev 3Y Avg | -368.2% |
| FCF/Rev LTM | -315.9% |
| FCF/Rev 3Y Avg | -463.3% |
Price Behavior
| Market Price | $8.04 | |
| Market Cap ($ Bil) | 4.9 | |
| First Trading Date | 08/17/2020 | |
| Distance from 52W High | -56.4% | |
| 50 Days | 200 Days | |
| DMA Price | $7.64 | $10.08 |
| DMA Trend | down | up |
| Distance from DMA | 5.2% | -20.3% |
| 3M | 1YR | |
| Volatility | 77.9% | 104.8% |
| Downside Capture | 435.62 | 363.23 |
| Upside Capture | 302.05 | 340.49 |
| Correlation (SPY) | 67.5% | 37.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.93 | 2.79 | 2.73 | 2.91 | 3.01 | 1.90 |
| Up Beta | 3.41 | 1.93 | 2.22 | 2.99 | 1.97 | 1.61 |
| Down Beta | 6.63 | 6.43 | 2.87 | 2.59 | 3.19 | 1.58 |
| Up Capture | 540% | 304% | 371% | 295% | 1069% | 1862% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 22 | 32 | 56 | 117 | 336 |
| Down Capture | 536% | 340% | 254% | 260% | 193% | 113% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 19 | 31 | 68 | 130 | 399 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QS | |
|---|---|---|---|---|
| QS | 84.8% | 104.6% | 1.05 | - |
| Sector ETF (XLY) | 12.3% | 18.4% | 0.49 | 27.0% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 37.8% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 22.1% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | 4.7% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 8.0% |
| Bitcoin (BTCUSD) | -40.0% | 42.5% | -1.08 | 33.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QS | |
|---|---|---|---|---|
| QS | -22.5% | 86.0% | 0.07 | - |
| Sector ETF (XLY) | 7.1% | 23.8% | 0.26 | 46.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 42.7% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 11.9% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 8.4% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 32.4% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 31.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QS | |
|---|---|---|---|---|
| QS | -2.4% | 106.1% | 0.42 | - |
| Sector ETF (XLY) | 12.6% | 22.1% | 0.52 | 34.4% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 30.7% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 6.3% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 5.9% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 25.2% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 19.3% |
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Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 1.4% | -6.4% | 14.6% |
| 2/11/2026 | -12.0% | -18.7% | -23.7% |
| 10/22/2025 | 8.0% | 16.6% | -13.7% |
| 7/23/2025 | -1.6% | -31.6% | -38.7% |
| 4/23/2025 | -0.5% | -1.8% | -0.3% |
| 2/12/2025 | 7.0% | 10.4% | -9.7% |
| 10/23/2024 | 25.5% | 2.7% | -2.7% |
| 7/24/2024 | -7.8% | -13.4% | -22.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 10 | 7 |
| # Negative | 13 | 12 | 15 |
| Median Positive | 8.0% | 10.3% | 11.1% |
| Median Negative | -6.9% | -11.5% | -19.1% |
| Max Positive | 31.4% | 18.6% | 25.6% |
| Max Negative | -17.1% | -31.6% | -38.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 1.4% | -6.4% | 14.6% |
| 2/11/2026 | -12.0% | -18.7% | -23.7% |
| 10/22/2025 | 8.0% | 16.6% | -13.7% |
| 7/23/2025 | -1.6% | -31.6% | -38.7% |
| 4/23/2025 | -0.5% | -1.8% | -0.3% |
| 2/12/2025 | 7.0% | 10.4% | -9.7% |
| 10/23/2024 | 25.5% | 2.7% | -2.7% |
| 7/24/2024 | -7.8% | -13.4% | -22.0% |
| 4/24/2024 | -6.9% | -1.3% | 0.9% |
| 2/14/2024 | -5.9% | -19.0% | -25.8% |
| 10/25/2023 | -7.0% | -9.3% | 2.1% |
| 7/26/2023 | 14.3% | 18.6% | -28.4% |
| 4/26/2023 | -0.6% | -14.6% | -14.0% |
| 2/15/2023 | -17.1% | -18.5% | -36.8% |
| 10/26/2022 | -6.9% | -7.7% | -19.1% |
| 7/27/2022 | 1.3% | 16.0% | 11.1% |
| 4/26/2022 | 2.9% | 10.2% | -22.3% |
| 2/16/2022 | -4.9% | -9.5% | 0.5% |
| 10/26/2021 | -8.5% | 13.6% | 25.6% |
| 7/27/2021 | 13.0% | 1.8% | -0.7% |
| 5/11/2021 | -7.4% | 3.7% | -6.2% |
| 2/16/2021 | 31.4% | 9.5% | 18.2% |
| SUMMARY STATS | |||
| # Positive | 9 | 10 | 7 |
| # Negative | 13 | 12 | 15 |
| Median Positive | 8.0% | 10.3% | 11.1% |
| Median Negative | -6.9% | -11.5% | -19.1% |
| Max Positive | 31.4% | 18.6% | 25.6% |
| Max Negative | -17.1% | -31.6% | -38.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/24/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/25/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/24/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/25/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA loss | -275.00 Mil | -262.50 Mil | -250.00 Mil | 0 | Affirmed | Guidance: -262.50 Mil for 2026 | |
| 2026 Capital Expenditures | 40.00 Mil | 50.00 Mil | 60.00 Mil | 0 | Affirmed | Guidance: 50.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA Loss | -275.00 Mil | -262.50 Mil | -250.00 Mil | 4.0% | Lowered | Guidance: -252.50 Mil for 2025 | |
| 2026 Capital Expenditures | 40.00 Mil | 50.00 Mil | 60.00 Mil | 42.9% | Higher New | Guidance: 35.00 Mil for 2025 | |
Insider Activity
Updated 6/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 6042026 | 9.30 | 150,320 | 1,397,345 | 15,919,113 | Form |
| 2 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 6042026 | 9.30 | 40,615 | Form | ||
| 3 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 5222026 | 8.23 | 92,972 | 765,383 | 14,098,034 | Form |
| 4 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 5222026 | 8.23 | 25,445 | Form | ||
| 5 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 5222026 | 8.06 | 9,800 | 78,977 | 14,779,233 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 6042026 | 9.30 | 150,320 | 1,397,345 | 15,919,113 | Form |
| 2 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 6042026 | 9.30 | 40,615 | Form | ||
| 3 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 5222026 | 8.23 | 92,972 | 765,383 | 14,098,034 | Form |
| 4 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 5222026 | 8.23 | 25,445 | Form | ||
| 5 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 5222026 | 8.06 | 9,800 | 78,977 | 14,779,233 | Form |
| 6 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 5202026 | 7.50 | 150,183 | 1,126,703 | 12,847,563 | Form |
| 7 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 5202026 | 7.50 | 34,254 | Form | ||
| 8 | Straubel, Jeffrey B | Direct | Sell | 5142026 | 7.85 | 27,106 | 212,869 | 1,031,109 | Form | |
| 9 | Singh, Mohit | CHIEF DEVELOPMENT OFFICER | Direct | Sell | 5082026 | 7.87 | 50,000 | 393,705 | 14,197,278 | Form |
| 10 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 4032026 | 6.20 | 9,800 | 60,795 | 8,423,980 | Form |
| 11 | Straubel, Jeffrey B | Direct | Sell | 4032026 | 6.17 | 27,106 | 167,214 | 977,178 | Form | |
| 12 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 4032026 | 6.18 | 127,077 | 785,018 | 6,845,794 | Form |
| 13 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 4032026 | 6.18 | 34,254 | Form | ||
| 14 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 3132026 | 6.95 | 9,800 | 68,127 | 9,507,965 | Form |
| 15 | Straubel, Jeffrey B | Direct | Sell | 3132026 | 6.95 | 27,106 | 188,376 | 1,289,220 | Form | |
| 16 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 2252026 | 6.76 | 9,800 | 66,214 | 9,175,861 | Form |
| 17 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 2202026 | 6.97 | 34,120 | 237,724 | 7,582,011 | Form |
| 18 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 2202026 | 7.10 | 127,077 | 902,412 | 7,970,130 | Form |
| 19 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 2202026 | 7.10 | 34,254 | Form | ||
| 20 | Straubel, Jeffrey B | Direct | Sell | 2202026 | 7.10 | 27,106 | 192,461 | 1,509,637 | Form | |
| 21 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 1162026 | 10.59 | 9,800 | 103,791 | 15,728,948 | Form |
| 22 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 1072026 | 11.28 | 166,440 | 1,877,110 | 14,113,097 | Form |
| 23 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 1072026 | 11.28 | 44,922 | Form | ||
| 24 | Straubel, Jeffrey B | Direct | Sell | 1072026 | 11.28 | 27,106 | 305,691 | 2,703,489 | Form | |
| 25 | Straubel, Jeffrey B | Direct | Sell | 12222025 | 11.38 | 157,171 | 1,788,999 | 3,037,170 | Form | |
| 26 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 12172025 | 11.07 | 9,800 | 108,527 | 16,527,557 | Form |
| 27 | Saluja, Dipender | Capricorn-Libra Investment Group, LP | Sell | 12162025 | 11.01 | 2,613,121 | 28,770,462 | 108,921,203 | Form | |
| 28 | Saluja, Dipender | Capricorn-Libra Investment Group, LP | Sell | 12162025 | 11.94 | 684,524 | 8,173,217 | 149,322,297 | Form | |
| 29 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 12082025 | 12.69 | 166,440 | 2,112,124 | 15,880,050 | Form |
| 30 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 12082025 | 12.69 | 44,922 | Form | ||
| 31 | McCarthy, Michael O Iii | CHIEF LEGAL OFFICER | By: Trust | Sell | 11252025 | 11.79 | 40,000 | 471,652 | 1,625,879 | Form |
| 32 | McCarthy, Michael O Iii | CHIEF LEGAL OFFICER | By: Trust | Sell | 11252025 | 11.60 | 36,415 | 422,531 | 1,599,942 | Form |
| 33 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 11252025 | 11.29 | 9,800 | 110,670 | 16,964,516 | Form |
| 34 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 11202025 | 12.51 | 201,785 | 2,524,431 | 15,655,427 | Form |
| 35 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 11202025 | 12.51 | 44,923 | Form | ||
| 36 | Straubel, Jeffrey B | Direct | Sell | 11072025 | 16.93 | 157,171 | 2,660,415 | 4,975,385 | Form | |
| 37 | Buss, Brad W | Direct | Sell | 10312025 | 17.98 | 300,000 | 5,392,580 | 2,201,539 | Form | |
| 38 | McCarthy, Michael O Iii | CHIEF LEGAL OFFICER | Direct | Sell | 10312025 | 15.78 | 50,000 | 788,985 | 21,714,729 | Form |
| 39 | Sivaram, Srinivasan | CHIEF EXECUTIVE OFFICER | By: Trusts | Sell | 10282025 | 17.05 | 90,000 | 1,534,761 | 6,139,044 | Form |
| 40 | McCarthy, Michael O Iii | CHIEF LEGAL OFFICER | Direct | Sell | 10282025 | 15.26 | 46,264 | 706,040 | 21,001,074 | Form |
| 41 | Singh, Mohit | CHIEF DEVELOPMENT OFFICER | Direct | Sell | 10282025 | 15.09 | 220,000 | 3,318,854 | 21,422,509 | Form |
| 42 | Buss, Brad W | Direct | Sell | 10282025 | 15.75 | 400,000 | 6,299,280 | 1,928,777 | Form | |
| 43 | Sivaram, Srinivasan | CHIEF EXECUTIVE OFFICER | Direct | Sell | 10282025 | 16.61 | 30,000 | 498,306 | 68,644,974 | Form |
| 44 | Prinz, Fritz | Direct | Sell | 10282025 | 15.49 | 19,122 | 296,133 | 2,202,507 | Form | |
| 45 | Prinz, Fritz | By: Prinz Family Trust DTD 09/17/2018, Fredrich Prinz and Gertrude Prinz Trustees | Sell | 10282025 | 15.49 | 480,878 | Form | |||
| 46 | Prinz, Fritz | By: Benedikt F. Prinz 2019 Trust, the Goldman Sachs Trust Company of Delaware, Trustee | Sell | 10282025 | 15.49 | 250,000 | Form | |||
| 47 | Prinz, Fritz | By: Marie Helene Prinz 2019 Trust, the Goldman Sachs Trust Company of Delaware, Trustee | Sell | 10282025 | 15.49 | 250,000 | Form | |||
| 48 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 10032025 | 15.52 | 166,442 | 2,582,947 | 21,171,607 | Form |
| 49 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 10032025 | 15.52 | 44,923 | Form | ||
| 50 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 10032025 | 13.94 | 9,800 | 136,643 | 22,190,143 | Form |
| 51 | Straubel, Jeffrey B | Direct | Sell | 10032025 | 13.94 | 157,171 | 2,190,508 | 4,474,367 | Form | |
| 52 | Hettrich, Kevin | CHIEF FINANCIAL OFFICER | Direct | Sell | 9162025 | 9.20 | 9,800 | 90,178 | 14,734,539 | Form |
| 53 | McCarthy, Michael O Iii | CHIEF LEGAL OFFICER | Direct | Sell | 9162025 | 9.13 | 38,035 | 347,267 | 12,758,377 | Form |
| 54 | Straubel, Jeffrey B | Direct | Sell | 9162025 | 9.20 | 157,180 | 1,446,009 | 3,202,839 | Form | |
| 55 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 9082025 | 9.63 | 23,244 | 223,770 | 13,690,172 | Form |
| 56 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 9082025 | 9.63 | 6,362 | Form | ||
| 57 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 9082025 | 7.55 | 176,352 | 1,331,211 | 10,910,022 | Form |
| 58 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 9082025 | 7.55 | 38,561 | Form | ||
| 59 | Singh, Mohit | CHIEF DEVELOPMENT OFFICER | Direct | Sell | 8202025 | 8.65 | 23,598 | 204,165 | 13,644,572 | Form |
| 60 | McCarthy, Michael O Iii | CHIEF LEGAL OFFICER | Direct | Sell | 7292025 | 11.60 | 500,000 | 5,798,850 | 17,015,948 | Form |
| 61 | Prinz, Fritz | By: Prinz Family Trust DTD 09/17/2018, Fredrich Prinz and Gertrude Prinz Trustees | Sell | 7252025 | 11.62 | 529,813 | Form | |||
| 62 | Prinz, Fritz | By: Benedikt F. Prinz 2019 Trust, the Goldman Sachs Trust Company of Delaware, Trustee | Sell | 7252025 | 11.62 | 200,000 | Form | |||
| 63 | Prinz, Fritz | By: Marie Helene Prinz 2019 Trust, the Goldman Sachs Trust Company of Delaware, Trustee | Sell | 7252025 | 11.62 | 200,000 | Form | |||
| 64 | Prinz, Fritz | Direct | Sell | 7252025 | 11.62 | 70,187 | 815,397 | 1,874,402 | Form | |
| 65 | Singh, Mohit | CHIEF DEVELOPMENT OFFICER | Direct | Sell | 7102025 | 8.21 | 465,000 | 3,819,324 | 13,484,357 | Form |
| 66 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 7082025 | 7.02 | 43,500 | 305,274 | 11,663,078 | Form |
| 67 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 7082025 | 7.02 | 11,906 | Form | ||
| 68 | Prinz, Fritz | By: Friedrich Prinz and Gertrud Prinz, Trustees of the Prinz Family Trust dated September 17, 2018 | Sell | 7082025 | 7.02 | 508,832 | 3,573,222 | 1,889,545 | Form | |
| 69 | Prinz, Fritz | By: Benedikt Prinz 2019 Trust dated June 17, 2019 | Sell | 7082025 | 7.02 | 177,938 | 1,249,552 | 571,371 | Form | |
| 70 | Prinz, Fritz | By: Marie Helene Prinz 2019 Trust dated June 17, 2019 | Sell | 7082025 | 7.02 | 177,938 | 1,249,552 | 571,371 | Form | |
| 71 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | Direct | Sell | 7082025 | 7.03 | 358,330 | 2,517,340 | 11,980,973 | Form |
| 72 | Holme, Timothy | CHIEF TECHNOLOGY OFFICER | By: The Holme 2020 Irrevocable Trust | Sell | 7082025 | 7.03 | 98,073 | 688,982 | 83,642 | Form |
| 73 | Singh, Mohit | CHIEF DEVELOPMENT OFFICER | Direct | Sell | 6272025 | 7.21 | 325,000 | 2,343,608 | 11,838,542 | Form |
| 74 | Singh, Mohit | CHIEF DEVELOPMENT OFFICER | Direct | Sell | 6272025 | 5.96 | 290,000 | 1,727,675 | 9,780,493 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Parts & Equipment Resources |
| AftermarketNews |
| Tire Review |
| Motor Age |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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