QuantumScape annual net debt
2019
2020
2021
2022
2023
2024
2025
QuantumScape Net Debt Growth & History (QS)
QuantumScape's net debt was −$159.5M for fiscal 2025.
View full QuantumScape company overviewQuantumScape annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$159.5M | −$112.2M | — |
| 2024 | 2024-12-31 | −$47.3M | −$5.4M | — |
| 2023 | 2023-12-31 | −$41.9M | $88.1M | — |
| 2022 | 2022-12-31 | −$130.0M | $113.4M | — |
| 2021 | 2021-12-31 | −$243.3M | −$142.6M | — |
| 2020 | 2020-12-31 | −$100.8M | −$91.5M | — |
| 2019 | 2019-12-31 | −$9.3M | — | — |
QuantumScape quarterly net debt
Q4.19
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$65.8M | $17.3M | — |
| Q1 2026 | 2026-03-31 | −$75.9M | −$13.8M | — |
| Q4 2025 | 2025-12-31 | −$159.5M | −$112.2M | — |
| Q3 2025 | 2025-09-30 | −$152.8M | −$73.7M | — |
| Q2 2025 | 2025-06-30 | −$83.1M | $15.9M | — |
| Q1 2025 | 2025-03-31 | −$62.1M | $31.6M | — |
| Q4 2024 | 2024-12-31 | −$47.3M | −$5.4M | — |
| Q3 2024 | 2024-09-30 | −$79.1M | $69.3M | — |
| Q2 2024 | 2024-06-30 | −$98.9M | $29.8M | — |
| Q1 2024 | 2024-03-31 | −$93.7M | $42.1M | — |
| Q4 2023 | 2023-12-31 | −$41.9M | $88.1M | — |
| Q3 2023 | 2023-09-30 | −$148.4M | $43.4M | — |
| Q2 2023 | 2023-06-30 | −$128.7M | $107.5M | — |
| Q1 2023 | 2023-03-31 | −$135.8M | $47.2M | — |
| Q4 2022 | 2022-12-31 | −$130.0M | $113.4M | — |
| Q3 2022 | 2022-09-30 | −$191.7M | $86.5M | — |
| Q2 2022 | 2022-06-30 | −$236.2M | $103.4M | — |
| Q1 2022 | 2022-03-31 | −$182.9M | $566.6M | — |
| Q4 2021 | 2021-12-31 | −$243.3M | −$142.6M | — |
| Q3 2021 | 2021-09-30 | −$278.2M | — | — |
| Q2 2021 | 2021-06-30 | −$339.6M | — | — |
| Q1 2021 | 2021-03-31 | −$749.5M | — | — |
| Q4 2020 | 2020-12-31 | −$100.8M | −$88.7M | — |
| Q4 2019 | 2019-12-31 | −$12.1M | — | — |
QuantumScape net debt trends
Over the last five fiscal years, QuantumScape's net debt decreased from −$100.8M to −$159.5M, a change of −$58.8M. The latest reported quarter, Q2 2026, shows −$65.8M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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