QuantumScape Corporation (QS) Stock Price & Analysis
QuantumScape Corporation (QS) is trading at USD 4.15, up 0.04% today, as of October 23, 2026 at 14:47 UTC (US market open; quotes may be delayed), according to Nexqual market data.
QS last closed at USD 4.15; today's session has ranged USD 4.01–4.17 on volume of 3,873,914 shares. Market capitalization is $2.57B, with a 52-week range of USD 3.8–18.56 (NMS). Source: Nexqual, retrieved October 23, 2026 at 14:47 UTC.
Also available as compact Markdown for AI agents: nexqual.com/QS.md
Key facts (QS)
- Analysts: Hold (mean 3.22 on a 1–5 scale) (9 analysts), mean target USD 5.41 (range 2.5–8.3).
- Total return with dividends: 1Y -71.7% vs S&P 500 +14.5%; 5Y -85.7% vs S&P 500 +77.2%.
- Next earnings: 2026-10-21, EPS estimate USD -0.16, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (QS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$215M | -$421M | -$479M | -$525M | -$473M | -$441M |
| Net income | -$46.0M | -$412M | -$445M | -$478M | -$435M | -$405M |
| EPS (diluted) | -$0.52 | -$0.95 | -$0.96 | -$0.94 | -$0.76 | — |
| Free cash flow | -$255M | -$377M | -$325M | -$337M | -$279M | -$273M |
| Cash + short-term investments | $1.45B | $1.06B | $1.07B | $911M | $971M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (QS)
P/B 2.5x · FCF yield -10.61% · Earnings yield -15.76%
Analysts (QS)
Consensus Hold (mean 3.22 on a 1–5 scale), 9 analysts; mean target USD 5.41 (low 2.5, high 8.3).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Baird | Target lowered | Neutral | $8 → $6 |
| 2026-10-15 | Morgan Stanley | Target lowered | Equal-Weight | $8.5 → $4.5 |
| 2026-10-12 | Evercore ISI Group | Target lowered | In-Line | $10 → $7 |
| 2026-07-24 | TD Cowen | Target lowered | Hold | $8 → $6 |
Total return (dividends reinvested) (QS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -71.7% | -85.7% |
| S&P 500 (SPY) | +14.5% | +77.2% |
| Per year | -71.7% | -32.2% |
| Volatility (annualized) | 71.2% | 84.6% |
| Max drawdown | -78.9% (Oct 2025→Oct 2026) | -90.3% (Nov 2021→Apr 2025) |
QS suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Volkswagen | “Our collaboration initially focused on the testing and evaluation of our battery technology with Volkswagen engineers working closely with our engineering team on our technology development efforts and battery testing.” |
Quoted from the company's 10-K filed Feb 25, 2026.
QS company outlook (results filed Oct 21, 2026)
- “Adjusted EBITDA loss was $60.7M in Q3, in line with expectations.”
- “For full-year 2026, we reiterate our Adjusted EBITDA loss guidance of between $250M and $275M.”
- “For full-year 2026, we reiterate our guidance for capex to be between $27M and $37M.”
- “Strategic Outlook In 2026 we set out to take our solid-state battery technology and turn it into products across multiple verticals.”
Quoted word-for-word from the SEC 8-K results press release.
QS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $-0.16 | $-0.17 | -4.7% | $0 | 5 |
| Next quarter (ends Mar 2027) | $-0.16 | $-0.17 | -8.6% | $0 | 2 |
| Current fiscal year (ends Dec 2026) | $-0.62 | $-0.66 | -7.0% | $0 | 6 |
| Next fiscal year (ends Dec 2027) | $-0.61 | $-0.66 | -8.2% | $7.3M | 6 |
QS options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 79.2% | ±9.0% |
| Nov 6, 2026 | 14 | 77.1% | ±12.2% |
| Nov 13, 2026 | 21 | 68.3% | ±13.2% |
| Nov 20, 2026 | 28 | 70.5% | ±15.6% |
| Nov 27, 2026 | 35 | 68.8% | ±17.0% |
| Dec 4, 2026 | 42 | 72.4% | ±23.7% |
| Dec 18, 2026 | 56 | 71.1% | ±22.1% |
| Jan 15, 2027 | 84 | 68.6% | ±26.0% |
30-day implied volatility 71.1% vs 50.3% realized over the last 30 trading days. Put/call ratio (volume) 0.33. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 14:47 UTC)
| Price | USD 4.15 |
|---|---|
| Change | ▲ 0.04% (up) |
| Previous Close | USD 4.15 |
| Open | USD 4.09 |
| Day Range | USD 4.01 – 4.17 |
| 52-Week Range | USD 3.8 – 18.56 |
| Volume | 3,873,914 shares |
| Market Cap | $2.57B |
| Exchange | NMS |
Technical Analysis (QS)
Nexqual's technical model rates QS "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 14:47 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 36.83 (neutral) |
| vs SMA50 | Below (USD 5) |
| MACD | -0.28 (negative) |
Analyst Ratings (QS)
Wall Street analysts rate QS "Hold" based on 9 analysts, with a mean price target of USD 5.41 (range USD 2.5–8.3), per Nexqual as of October 23, 2026 at 14:47 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 5.41 |
| High Target | USD 8.3 |
| Low Target | USD 2.5 |
| Buy / Hold / Sell | 0 / 7 / 2 |
Earnings (QS)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD -0.16 |
| Revenue Estimate | $0 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD -0.14 vs est -0.17 ▲ beat |
| 2026-06-30 | USD -0.16 vs est -0.18 ▲ beat |
| 2026-03-31 | USD -0.16 vs est -0.16 ▲ beat |
| 2025-12-31 | USD -0.17 vs est -0.17 ▲ beat |
Source: Nexqual, October 23, 2026 at 14:47 UTC.
Financials & Fundamentals (QS)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
| ROE | -34.70% |
| Debt / Equity | 0.07 |
| Current Ratio | 16.06 |
| Total Cash | $819.78M |
| Total Debt | $65.05M |
Source: Nexqual, October 23, 2026 at 14:47 UTC.
Financial Health Score (QS)
Nexqual rates QuantumScape Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 14:47 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Strong — $820M cash vs $65M debt, net cash position |
| Cash Flow | Weak — Operating cash flow -$242M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -35%, ROA -21.2% |
Ownership (QS)
| Insider Ownership | +13.28% |
|---|---|
| Institutional Ownership | +36.95% |
| Shares Outstanding | 587.22M |
| Float | 513.44M |
| Short % of Float | +21.82% |
Source: Nexqual, October 23, 2026 at 14:47 UTC.
Leadership (QS)
QuantumScape Corporation is led by Srinivasan Sivaram, President, CEO & Director, per Nexqual as of October 23, 2026 at 14:47 UTC.
| President, CEO & Director | Srinivasan Sivaram |
|---|---|
| Co-Founder & CTO | Timothy Holme |
| Chief Financial Officer | Kevin Hettrich |
| Chief Operating Officer | Luca Fasoli |
| Senior Director of Investor Relations | Sam Kamara |
Major Backers & Investors (QS)
Notable institutional backers of QuantumScape Corporation include Capricorn Investment Group LLC, Goldman Sachs, Shaw D.E. & Co., Inc., according to Nexqual as of October 23, 2026 at 14:47 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capricorn Investment Group LLC | 2.04% |
| Goldman Sachs | 1.31% |
| Shaw D.E. & Co., Inc. | 1.29% |
| Morgan Stanley | 1% |
| Fidelity | 0.79% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 7.08% |
| BlackRock | 5.08% |
| Geode Capital | 1.57% |
| State Street | 1.46% |
| Dimensional Fund Advisors | 1.26% |
Source: Nexqual, October 23, 2026 at 14:47 UTC.
From QuantumScape Corporation's Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- To our best knowledge, we are the only company that has been able to demonstrate a solid-state separator for lithium-metal batteries capable of resisting dendrite formation at higher power densities such as those required for automotive applications, and fast charging, for at least 800 cycles at around 25 °C.
- Our proprietary solid-state lithium-metal cell represents the next-generation of battery technology.
- While current generations of our prototype battery cells contain our proprietary solid-state electrolyte-separator and an organic liquid cathode electrolyte (i.e. catholyte), solid catholyte materials are part of our ongoing research and development investigations.
- Our proprietary solid-state separator uses the only material we know of that can cycle lithium at automotive-level current densities and room temperature without forming dendrites.
Partnerships
- While we signed an agreement with PowerCo with the goal of commercializing our battery technology, we intend to continue working closely with automotive OEMs to make our solid-state battery cells widely available over time.
- In July 2024, we entered into the Collaboration Agreement with the goal of PowerCo industrializing the QS technology based on QSE-5.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes to our reasonable estimates and probability-based assumptions that can affect our results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:47 UTC. This page is informational and not investment advice.
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