QuantumScape Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2018
Net Income	-435.05	-477.86	-445.15	-411.91	-45.97	Upgrade
Depreciation & Amortization	73.22	65.79	49.75	36.12	14.7	Upgrade
Asset Writedown & Restructuring Costs	26.57	13.35	21.53	13.7	-	Upgrade
Loss (Gain) From Sale of Investments	-18.97	-29.31	-18.91	3.99	11.85	Upgrade
Stock-Based Compensation	127.46	144.65	166.3	127.11	52.18	Upgrade
Other Operating Activities	-4.04	0.02	0.54	0.85	-167.79	Upgrade
Change in Accounts Payable	-6.8	14.97	-2.9	5.61	13.18	Upgrade
Change in Other Net Operating Assets	-4.87	-6.17	-11.18	6.5	-6.05	Upgrade
Operating Cash Flow	-242.47	-274.56	-240.03	-218.02	-127.91	Upgrade
Capital Expenditures	-36.28	-62.25	-84.62	-158.85	-127.18	Upgrade
Investment in Securities	48.82	191	-68.02	282.96	-258.66	Upgrade
Other Investing Activities	2.39	0.12	0.11	-	-	Upgrade
Investing Cash Flow	14.93	128.87	-152.53	124.12	-385.83	Upgrade
Long-Term Debt Issued	-	-	-	-	5.51	Upgrade
Long-Term Debt Repaid	-3.23	-2.91	-1.97	-0.81	-	Upgrade
Net Debt Issued (Repaid)	-3.23	-2.91	-1.97	-0.81	5.51	Upgrade
Issuance of Common Stock	301	151.44	314.03	9.41	732.07	Upgrade
Other Financing Activities	15.04	-4.5	-11.85	-	-1.02	Upgrade
Financing Cash Flow	312.81	144.03	300.21	8.6	736.56	Upgrade
Net Cash Flow	85.27	-1.66	-92.34	-85.31	222.81	Upgrade
Free Cash Flow	-278.75	-336.8	-324.65	-376.87	-255.09	Upgrade
Free Cash Flow Per Share	-0.48	-0.66	-0.70	-0.87	-0.62	Upgrade
Cash Interest Paid	2.04	2.22	1.78	1.61	0.33	Upgrade
Levered Free Cash Flow	-134.38	-158	-164.35	-242.25	-181.62	Upgrade
Unlevered Free Cash Flow	-133.1	-156.61	-162.87	-240.75	-180.74	Upgrade
Change in Working Capital	-11.67	8.8	-14.08	12.12	7.12	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.