Tearsheet

QuantumScape (QS)


Market Price (10/24/2025): $14.76 | Market Cap: $8.3 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

QuantumScape (QS)


Market Price (10/24/2025): $14.76
Market Cap: $8.3 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0  Weak multi-year price returns
3Y Excs Rtn is -5.2%
Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -506 Mil
2   Stock price has recently run up significantly
6M Rtn6 month market price return is 270%, 12M Rtn12 month market price return is 183%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10%
4   High stock price volatility
Vol 12M is 102%
0 Weak multi-year price returns
3Y Excs Rtn is -5.2%
1 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -506 Mil
3 Stock price has recently run up significantly
6M Rtn6 month market price return is 270%, 12M Rtn12 month market price return is 183%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10%
5 High stock price volatility
Vol 12M is 102%

Market Valuation & Key Metrics

QS Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
QS Return--74%-74%23%-25%182%-82%
Peers Return189%11%-15%15%-15%64%339%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
QS Win Rate75%33%25%50%33%44% 
Peers Win Rate48%45%32%40%43%42% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
QS Max Drawdown--77%-77%-10%-32%-33% 
Peers Max Drawdown-30%-21%-34%-20%-50%-41% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: TSLA, EMR, ALB, FLUX, CREV. 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] 2025 data is for the year up to 10/23/2025 (YTD)

How Low Can It Go

Unique KeyEventQSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-94.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven1559.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-48.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven94.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven28 days148 days

Compare to TSLA, EMR, ALB, FLUX, CREV


In The Past

QuantumScape's stock fell -94.0% during the 2022 Inflation Shock from a high on 1/1/2021. A -94.0% loss requires a 1559.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About QuantumScape (QS)

Better Bets than QuantumScape (QS)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to QS. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-20.1%-20.1%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-0.5%-0.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.9%-3.9%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
8.0%8.0%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.1%8.1%-11.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-20.1%-20.1%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-0.5%-0.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.9%-3.9%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
8.0%8.0%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.1%8.1%-11.7%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for QuantumScape

Financials

QSTSLAEMRALBFLUXCREVMedian
NameQuantumS.Tesla Emerson .AlbemarleFlux Pow.Carbon R. 
Mkt Price14.66448.98133.1997.366.615.3056.01
Mkt Cap8.21,448.974.911.50.1-11.5
Rev LTM095,63317,7794,99366-4,993
Op Inc LTM-5064,8683,339-228-5--5
FCF LTM-3176,8342,741-178-0--0
FCF 3Y Avg-3364,7192,043-161-3--3
CFO LTM-27415,7483,1727751-775
CFO 3Y Avg-25214,1302,4251,471-3-1,471

Growth & Margins

QSTSLAEMRALBFLUXCREVMedian
NameQuantumS.Tesla Emerson .AlbemarleFlux Pow.Carbon R. 
Rev Chg LTM--1.6%4.8%-33.0%9.2%-1.6%
Rev Chg 3Y Avg-9.3%24.9%22.4%19.3%-20.8%
Rev Chg Q-11.6%3.9%-7.0%25.1%-7.8%
QoQ Delta Rev Chg LTM-3.1%1.0%-2.0%5.3%-2.1%
Op Mgn LTM-5.1%18.8%-4.6%-7.6%-0.3%
Op Mgn 3Y Avg-8.3%17.5%2.4%-9.4%-5.4%
QoQ Delta Op Mgn LTM--1.1%0.5%4.8%2.1%-1.3%
CFO/Rev LTM-16.5%17.8%15.5%0.9%-16.0%
CFO/Rev 3Y Avg-14.7%14.7%18.7%-4.1%-14.7%
FCF/Rev LTM-7.1%15.4%-3.6%-0.1%-3.5%
FCF/Rev 3Y Avg-4.9%12.4%-3.5%-5.4%-0.7%

Valuation

QSTSLAEMRALBFLUXCREVMedian
NameQuantumS.Tesla Emerson .AlbemarleFlux Pow.Carbon R. 
Mkt Cap8.21,448.974.911.50.1-11.5
P/S-15.24.22.31.7-3.3
P/EBIT-17.8207.923.3-12.2-22.1--12.2
P/E-17.8285.328.2-12.3-16.7--12.3
P/CFO-30.092.023.614.8182.3-23.6
Total Yield-5.6%0.4%3.9%-6.5%-6.0%--5.6%
Dividend Yield0.0%0.0%0.4%1.7%0.0%-0.0%
FCF Yield 3Y Avg-10.6%0.5%3.3%-3.3%-5.9%--3.3%
D/E0.00.00.20.30.1-0.1
Net D/E-0.1-0.00.20.20.1-0.1

Returns

QSTSLAEMRALBFLUXCREVMedian
NameQuantumS.Tesla Emerson .AlbemarleFlux Pow.Carbon R. 
1M Rtn8.4%5.4%1.3%21.5%132.7%12.5%10.4%
3M Rtn16.1%47.1%-8.9%16.3%237.2%53.6%31.7%
6M Rtn270.2%73.0%27.8%69.4%300.6%79.7%76.3%
12M Rtn183.0%110.1%24.8%5.9%112.5%48.0%79.1%
3Y Rtn81.4%112.5%69.7%-62.4%113.2%-81.4%
1M Excs Rtn15.9%-0.1%-0.6%17.8%98.2%23.8%16.8%
3M Excs Rtn17.0%36.6%-16.1%11.4%255.7%2.5%14.2%
6M Excs Rtn247.3%50.2%5.0%46.5%277.7%56.8%53.5%
12M Excs Rtn166.8%90.0%7.5%-9.1%94.7%28.1%59.1%
3Y Excs Rtn-5.2%22.8%-6.7%-140.7%30.7%--5.2%

Financials

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Single Segment1,5021,4751,7161,067172
Total1,5021,4751,7161,067172


Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity49,690,151
Short Interest: % Change Since 9152025-5.3%
Average Daily Volume47,343,774
Days-to-Cover Short Interest1.05
Basic Shares Quantity561,698,000
Short % of Basic Shares8.8%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/22/20258.0%  
7/23/2025-1.6%-31.6%-38.7%
4/23/2025-0.5%-1.8%-0.3%
2/12/20257.0%10.4%-9.7%
10/23/202425.5%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%
...
SUMMARY STATS   
# Positive776
# Negative121213
Median Positive13.0%10.4%6.6%
Median Negative-6.4%-13.1%-20.5%
Max Positive31.4%18.6%25.6%
Max Negative-17.1%-31.6%-38.7%

SEC Filings

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Report DateFiling DateFiling
6302025725202510-Q 6/30/2025
3312025425202510-Q 3/31/2025
12312024226202510-K 12/31/2024
93020241025202410-Q 9/30/2024
6302024726202410-Q 6/30/2024
3312024426202410-Q 3/31/2024
12312023227202410-K 12/31/2023
93020231027202310-Q 9/30/2023
6302023728202310-Q 6/30/2023
3312023428202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221028202210-Q 9/30/2022
6302022729202210-Q 6/30/2022
3312022502202210-Q 3/31/2022
12312021228202210-K 12/31/2021
93020211028202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Hettrich KevinCHIEF FINANCIAL OFFICER9162025Sell9.209,80090,17814,734,539Form
1MCCARTHY MICHAEL O IIICHIEF LEGAL OFFICER9162025Sell9.1338,035347,26712,758,377Form
2Prinz Fritz5232025Sell3.9461,523242,228911,580Form
3Prinz Fritz2212025Sell5.2212,90867,4371,192,663Form
4Singh MohitCHIEF DEVELOPMENT OFFICER12172024Sell4.8724,797120,6875,314,861Form