Solid Power, Inc., a research and development-stage company, develops solid-state battery technologies for the electric vehicles markets in the United States. It ...
Solid Power, Inc. is a pioneering company in the solid-state battery industry, headquartered in Louisville, Colorado. Founded in 2011 by Doug Campbell, Conrad Stoldt, and Sehee Lee, the company spun out from the University of Colorado Boulder with funding from DARPA and later received ARPA-E funding. Solid Power specializes in ...Solid Power, Inc. is a pioneering company in the solid-state battery industry, headquartered in Louisville, Colorado. Founded in 2011 by Doug Campbell, Conrad Stoldt, and Sehee Lee, the company spun out from the University of Colorado Boulder with funding from DARPA and later received ARPA-E funding. Solid Power specializes in the development of sulfide-based solid electrolytes and all-solid-state battery cells, aiming to enable the next generation of batteries for electric vehicles (EVs) and other markets. The company's technology promises increased range, lower cost, and more vehicle interior space, positioning it as a key player in the EV supply chain. As of 2026, Solid Power has an employee size of 230 and is publicly traded on NASDAQ under the symbol SLDP. The company's leadership includes CEO John Van Scoter, who has served since June 2023. Financially, Solid Power is in a research and development stage, with a market cap of approximately $524 million and no revenue-generating products yet. The company has a debt-free balance sheet with $435 million in liquidity as of March 2026, and expects cash investment of $85-100 million in 2026. Despite negative profitability metrics, the company's focus on solid-state technology positions it for potential growth in the EV market. Key partnerships and government support, including plans announced by the Polis Administration, further underscore its strategic importance. Solid Power continues to scale its electrolyte production line, demonstrating its commitment to commercialization and innovation in battery technology.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$21.7M
+8.0%
-133.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-93.4M
+3.2%
-82.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+5.0%
+801.3%
+416.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-463.7%
+11.4%
+447.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-429.5%
+10.4%
+652.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-83.6M
-4.1%
+28.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-384.4%
+3.6%
+317.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
2.0%
-13.4%
-1.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
15.92x
+153.9%
-9.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and welcome to the Solid Power Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to [ Charlie Van Goethem ], Investor Relations. Please go ahead.
Unknown Executive: Thank you, operator. Welcome, everyone, and thank you for joining us today. I'm joined on today's call by Solid Power's President and Chief Executive Officer, John Van Scoter, and Chief Financial Officer, Linda Heller. A copy of today's earnings release is available on the Investor Relations section of Solid Power's website, www.solidpowerbattery.com. I'd like to remind you that parts of our discussion today will include forward-looking statements as defined by U.S. securities laws. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Solid Power disclaims any duty to update any forward-looking statements to reflect future events or circumstances. For a discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed in today's forward-looking statements, please see Solid Power's most recent filings with the Securities and Exchange Commission, which can be found on the company's website at www.solidpowerbattery.com. With that, let me turn it over to John Van Scoter.
John Van Scoter: Thank you, Charlie, and thank you all for joining us today. We delivered another quarter of strong execution, advancing key strategic initiatives and reinforcing our position as a leader in solid-state battery materials. During the quarter, we improved the performance of our electrolyte through work under the Joint Evaluation Agreement with Samsung SDI and BMW, while providing electrolyte shipments to support their development activities. Based on performance and cost, we are optimistic about continuing to work with Samsung SDI for potential use of our electrolyte in EVs and other potential applications of ASSB technologies. We remain committed to supporting our partners as they advance towards commercialization. Turning to our electrolyte manufacturing road map, we continue to advance discussions with prospective joint venture partners for commercial-scale electrolyte production in South Korea. Korea remains one of the most active markets for all-solid-state battery development, and we believe a partnership with an industry-leading company would accelerate market adoption while providing manufacturing scale and market access. We're pleased with the progress of these discussions and believe they reflect growing industry interest in our technology and commercialization strategy. Based on the progress we've made to date, we remain on track and expect to announce a joint venture by the end of the year. Execution of our continuous …