QuantumScape annual operating expenses
2019
2020
2021
2022
2023
2024
2025
QuantumScape Operating Expenses Growth & History (QS)
QuantumScape's operating expenses was $472.6M for fiscal 2025.
View full QuantumScape company overviewQuantumScape annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $472.6M | −$52.6M | −10.02% |
| 2024 | 2024-12-31 | $525.2M | $46.2M | +9.64% |
| 2023 | 2023-12-31 | $479.0M | $58.4M | +13.89% |
| 2022 | 2022-12-31 | $420.6M | $205.4M | +95.39% |
| 2021 | 2021-12-31 | $215.3M | $134.2M | +165.69% |
| 2020 | 2020-12-31 | $81.0M | $25.2M | +45.15% |
| 2019 | 2019-12-31 | $55.8M | — | — |
QuantumScape quarterly operating expenses
Q1.20
Q2.20
Q3.20
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $106.1M | −$17.5M | −14.13% |
| Q1 2026 | 2026-03-31 | $109.2M | −$14.4M | −11.65% |
| Q4 2025 | 2025-12-31 | $110.5M | −$18.2M | −14.17% |
| Q3 2025 | 2025-09-30 | $115.0M | −$15.2M | −11.65% |
| Q2 2025 | 2025-06-30 | $123.6M | −$10.9M | −8.09% |
| Q1 2025 | 2025-03-31 | $123.6M | −$8.3M | −6.31% |
| Q4 2024 | 2024-12-31 | $128.7M | $4.1M | +3.25% |
| Q3 2024 | 2024-09-30 | $130.2M | $9.3M | +7.68% |
| Q2 2024 | 2024-06-30 | $134.5M | $10.9M | +8.84% |
| Q1 2024 | 2024-03-31 | $131.9M | $21.9M | +19.93% |
| Q4 2023 | 2023-12-31 | $124.6M | $11.2M | +9.88% |
| Q3 2023 | 2023-09-30 | $120.9M | $216,000 | +0.18% |
| Q2 2023 | 2023-06-30 | $123.5M | $27.7M | +28.86% |
| Q1 2023 | 2023-03-31 | $110.0M | $19.3M | +21.31% |
| Q4 2022 | 2022-12-31 | $113.4M | $46.3M | +68.96% |
| Q3 2022 | 2022-09-30 | $120.7M | $66.8M | +124.13% |
| Q2 2022 | 2022-06-30 | $95.9M | $46.3M | +93.21% |
| Q1 2022 | 2022-03-31 | $90.7M | $46.0M | +102.93% |
| Q4 2021 | 2021-12-31 | $67.1M | $36.9M | +122.40% |
| Q3 2021 | 2021-09-30 | $53.8M | $33.1M | +160.18% |
| Q2 2021 | 2021-06-30 | $49.6M | $35.4M | +248.79% |
| Q1 2021 | 2021-03-31 | $44.7M | $28.8M | +180.69% |
| Q4 2020 | 2020-12-31 | $30.2M | — | — |
| Q3 2020 | 2020-09-30 | $20.7M | — | — |
| Q2 2020 | 2020-06-30 | $14.2M | — | — |
| Q1 2020 | 2020-03-31 | $15.9M | — | — |
QuantumScape operating expenses trends
Over the last five fiscal years, QuantumScape's operating expenses increased from $81.0M to $472.6M, a change of $391.6M. The latest reported quarter, Q2 2026, shows $106.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review QuantumScape source filings ↗