Solid Power, Inc.

Listed Company

SLDPWCIK 0001844862NasdaqNon-AcceleratedSmaller ReportingMiscellaneous Electrical Machinery, Equipment & SuppliesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$21.75M

Net Income

—

Total Assets

$455.09M

Equity

$415.70M

Shares Out

220.58M

Op. Cash Flow

$-73.39M

Business

Solid Power, Inc. is a developer and manufacturer of solid-state battery technology centered on sulfide-based solid electrolyte materials for next-generation batteries. It produces sulfide electrolytes, pilot-scale solid-state cells in multiple form factors, cell manufacturing designs, and offers licensing, engineering services, and electrolyte supply to battery producers and OEMs. The business is organized around electrolyte development and production, pilot cell development and manufacturing, partnerships with Tier 1 battery manufacturers and automakers, and licensing of cell processes. It targets the electric vehicle market globally and distributes through direct supply agreements, collaborations, sampling programs, and licensing arrangements.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	18	20	—	—	—
Grant income	4	—	—	—	—
Total revenue and grant income	22	20	17	12	3
Direct costs	21	20	28	10	3
Research and development	73	73	55	39	17
Selling, general and administrative	29	32	—	—	—
Total operating expenses	123	125	108	71	29
Operating Loss	−101	−105	−91	−59	−27
Interest income	13	18	20	8	56,000
Change in fair value of warrant liabilities	−5	−5	5	41	51
Interest expense	−25,000	−46,000	−84,000	—	—
Other expense	−684,000	−3	—	—	—
Total nonoperating income and expense	7	10	25	49	45
Income (loss) before income tax expense (benefit)	−93	−95	−66	—	—
Income tax expense (benefit)	−8,000	1	2,000	−227,000	−25,000
Share of net loss (income) of equity method investee	−65,000	133,000	—	—	—
Net Loss Attributable to Common Stockholders	−93	−97	−66	−10	13
Other Comprehensive Income	315,000	598,000	3	−3	—
Comprehensive Loss Attributable to Common Stockholders	−93	−96	−63	−13	13
Basic loss per share	−0.51	−0.54	−0.37	−0.05	0.13
Diluted loss per share	−0.51	−0.54	−0.37	−0.05	0.11
Weighted average shares outstanding - Basic	185	179	178	174	95
Weighted average shares outstanding - Diluted	185	179	178	174	115

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	22	25	35	50	513
Marketable securities	229	93	142	273	76
Accounts receivable	2	1	—	—	—
Contract assets	7	1	2	2	829,000
Prepaid expenses and other current assets	7	6	6	3	4
Total current assets	267	125	183	328	594
Property, plant and equipment, net	86	97	99	83	22
Right-of-use operating lease assets, net	7	7	7	8	8
Investments	87	210	240	173	—
Intangible assets, net	2	2	2	1	619,000
Other assets	1	2	1	1	602,000
Loan receivable from equity method investee	4	4	—	—	—
Total long-term assets	188	323	350	—	—
Total assets	455	448	533	594	618
Accounts payable and other accrued liabilities	9	8	6	11	2
Deferred revenue	198,000	3	1,000	50,000	500,000
Deferred revenue from related parties	172,000	—	828,000	4	—
Accrued compensation	7	8	8	5	1
Operating lease liabilities	861,000	833,000	626,000	549,000	—
Total current liabilities	17	20	16	21	8
Warrant liabilities	14	9	4	9	50
Operating lease liabilities	7	8	8	9	8
Other liabilities	1	1	803,000	—	393,000
Total long-term liabilities	22	18	14	—	—
Total liabilities	39	38	29	39	59
Mezzanine Equity	470,000	34,000	—	—	—
Common stock, $0.0001 par value; 2,000,000,000 shares authorized; 201,181,175 and 180,364,028 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	20,000	18,000	18,000	18,000	17,000
Additional paid-in capital	690	591	589	578	568
Accumulated deficit	−275	−181	−85	−19	−10
Accumulated other comprehensive income (loss) (AOCI)	354,000	39,000	−559,000	−3	—
Total stockholders' equity	416	410	503	555	559
Total liabilities, mezzanine equity and stockholders' equity	455	448	533	594	618

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	18	16	12	5	2
Amortization of right-of-use assets	1	900,000	768,000	745,000	—
Loss on sales of property, plant, and equipment	574,000	2	—	—	—
Gain on sales of property, plant, and equipment	−20,000	—	—	—	—
Loss on extinguishment of note receivable	—	760,000	—	—	—
Stock-based compensation expense	9	12	10	9	3
Accretion of discounts on other long-term liabilities	65,000	78,000	174,000	—	—
Accretion of loan receivable from equity method investee	−131,000	−24,000	—	—	—
Amortization of premiums and accretion of discounts on available-for-sale securities	−5	−8	−11	−3	—
Loss on change in assessment of finance lease purchase options	84,000	—	—	—	—
Impairment loss on abandoned patents	748,000	—	—	—	—
Accounts receivable	278,000	160,000	—	—	—
Contract assets	−7	160,000	−31,000	−692,000	−552,000
Prepaid expenses and other current assets and other assets	−366,000	710,000	−2	3	−4
Accounts payable and other accrued liabilities	1	1	2	−1	778,000
Deferred revenue	−3	3	−50,000	−450,000	462,000
Deferred revenue from related parties	172,000	−828,000	−3	4	—
Accrued compensation	−537,000	−11,000	3	2	—
Operating lease liabilities	−996,000	−771,000	−549,000	−401,000	—
Net cash and cash equivalents used in operating activities	−73	−64	−58	−34	−25
Purchases of property, plant and equipment	−10	−16	−35	−58	−13
Purchases of available-for-sale securities	−278	−216	−328	−562	−76
Proceeds from sales of available-for-sale securities	269	303	405	190	—
Proceeds from sales of property, plant and equipment	20,000	77,000	—	—	—
Cash paid for loan receivable from equity method investee	—	−6	—	—	—
Cash paid for equity method investment	—	−656,000	—	—	—
Purchases of intangible assets	−873,000	−438,000	−556,000	−498,000	−381,000
Net cash and cash equivalents provided by (used in) investing activities	−20	64	43	−430	−89
Proceeds from exercise of stock options	5	273,000	220,000	818,000	106,000
Proceeds from issuance of shares of common stock under the ESPP	365,000	412,000	434,000	—	—
Cash paid for withholding of employee taxes related to stock-based compensation	−1	−615,000	−112,000	−58,000	—
Repurchase of shares of common stock	−4	−9	—	—	—
Proceeds from the ATM, net of commissions	89	—	—	—	—
Offering costs for the issuance of common stock under the ATM	−624,000	—	—	—	−5
Payments on finance lease liabilities	−284,000	−427,000	−362,000	−142,000	—
Net cash and cash equivalents provided by (used in) financing activities	89	−9	173,000	485,000	623
Net decrease in cash and cash equivalents	−4	−9	−16	−463	508
Cash paid for interest	26,000	46,000	84,000	42,000	144,000
Accrued capital expenditures	103,000	1	814,000	8	—
Unpaid reimbursement on capital expenditures	1	—	—	—	—
Accrued offering costs for the issuance of common stock under the ATM	5,000	—	—	—	—
Accrued excise tax on stock repurchases	—	90,000	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro