Quarterly ResultMay 5, 2026, 04:15 PM
Solid Power Q1 Net Loss $(0.06) EPS; Liquidity Jumps to $435.3M
AI Summary
Solid Power, Inc. announced its first quarter 2026 financial and operational results, reporting $3.1 million in revenue and grant income and a net loss of $13.0 million, or $(0.06) per share. The company significantly strengthened its liquidity position, which rose to $435.3 million as of March 31, 2026, following a $121.3 million registered direct offering. Operationally, Solid Power achieved key milestones including completing site acceptance testing for the SK On pilot cell line and progressing on its continuous manufacturing pilot line for sulfide electrolyte production.
Key Highlights
- Completed site acceptance testing for the SK On pilot cell line.
- Began construction and completed factory acceptance testing for continuous sulfide electrolyte pilot line.
- Reported $3.1 million in revenue and grant income for the first quarter of 2026.
- Net loss was $13.0 million, or $(0.06) per share, in Q1 2026.
- Total liquidity as of March 31, 2026, increased to $435.3 million.
- Raised $121.3 million (net) from a registered direct offering in Q1 2026.
- Operating expenses decreased to $29.4 million in Q1 2026 compared to $30.0 million in Q1 2025.