QS
Consumer CyclicalQuantumScape Corporation · Auto - Parts · $5B
What is QuantumScape Corporation?
QuantumScape Corporation is a development-stage company working to bring solid-state lithium-metal battery technology to electric vehicles. Founded in 2010 and headquartered in San Jose, California, it remains in the pre-revenue commercialization phase.
QuantumScape is developing next-generation solid-state batteries designed to replace the conventional lithium-ion cells used in today's electric vehicles. Rather than selling finished products at scale, the company is focused on proving out its battery technology, securing partnerships, and building toward eventual manufacturing. Its approach centers on a lithium-metal anode design that aims to deliver higher energy density and improved safety compared to conventional battery chemistries.
QuantumScape was founded in 2010 and is headquartered in San Jose, California.
- Solid-state lithium-metal battery cells for electric vehicles
- Proprietary separator technology enabling lithium-metal anodes
- Battery development partnerships with automotive manufacturers
- Research and pilot-scale battery production capabilities
Is QS a Good Stock to Buy?
UQS Score rates QS as Poor overall, reflecting the significant challenges facing a pre-revenue battery technology company.
The one relative bright spot in QuantumScape's profile is its Risk pillar, which rates Good — suggesting the company carries a manageable balance sheet position relative to its development-stage peers, likely supported by cash reserves raised through prior equity offerings.
Quality, Moat, and Growth all rate Weak, consistent with a company that has not yet generated meaningful revenue. Valuation rates Elevated, meaning the market is pricing in a great deal of future success that has yet to materialize.
Pro members can view the complete pillar breakdown and underlying financial metrics to understand exactly where QS stands today. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does QS pay dividends?
No — QuantumScape Corporation does not currently pay a dividend.
QuantumScape does not pay a dividend, which is entirely expected for a pre-revenue technology company. All available capital is directed toward research, development, and the long road to commercialization. Income-focused investors should look elsewhere; QS is a pure speculative growth story at this stage.
When does QS report earnings?
QuantumScape reports financial results on a quarterly cadence, consistent with US-listed public companies.
As a development-stage company, QuantumScape's quarterly reports focus primarily on cash burn, operational milestones, and technology progress rather than revenue or profit growth. Investors typically watch for updates on battery cell testing, partnership developments, and runway commentary.
For the most recent quarter's results and management commentary, visit QuantumScape's investor relations page directly.
QS Price History
-73.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in QuantumScape Corporation?
Based on QuantumScape Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
QS Long-term Outlook
QuantumScape's fundamental outlook is shaped by its Weak Growth pillar and the long timeline between technology development and commercial-scale production. The path to revenue depends on successfully validating its battery technology, securing manufacturing agreements, and navigating a capital-intensive scale-up process. The Elevated Valuation pillar signals that the current share price already embeds optimistic assumptions about future milestones. The Good Risk pillar provides some cushion, but the overall trajectory remains highly uncertain.
Growth drivers
- Successful validation and qualification of solid-state battery cells with automotive partners
- Broader EV adoption increasing demand for next-generation battery technology
- Potential licensing or supply agreements that could unlock a revenue pathway
Key risks
- Continued cash burn with no near-term revenue, requiring ongoing capital raises
- Elevated valuation leaves little margin of safety if milestones are delayed
- Intense competition from established battery manufacturers and well-funded rivals
QS vs Peers
QuantumScape operates in the broader automotive technology and components space, where it can be compared against established players in the sector.
Gentex is a profitable, revenue-generating auto components supplier focused on electrochromic mirrors and camera systems — a stark contrast to QuantumScape's pre-revenue development stage.
Dana is an established drivetrain and sealing products manufacturer serving both traditional and electric vehicle platforms, with an active revenue base and global manufacturing footprint.
Garrett Motion produces turbocharger and electric-boosting technologies for internal combustion and hybrid vehicles, operating as a commercial-scale supplier rather than a technology development company.
Frequently Asked Questions
What does QuantumScape do?
QuantumScape is developing solid-state lithium-metal batteries intended for use in electric vehicles. The company is in a pre-revenue phase, focused on proving its battery technology works at scale and building partnerships with automotive manufacturers before moving toward commercial production.
Does QS pay dividends?
No, QuantumScape does not pay a dividend. The company is in a development stage with no commercial revenue, so all capital is directed toward research and operations. Dividend-seeking investors will not find a yield here.
When does QS report earnings?
QuantumScape reports on a quarterly cadence like other US-listed public companies. Because it has no commercial revenue yet, reports focus on operational milestones and cash position. Check QuantumScape's investor relations page for the current reporting schedule.
Is QS a good stock to buy?
UQS Score rates QS as Poor, driven by Weak scores across Quality, Moat, and Growth, alongside an Elevated Valuation. That combination reflects a high-risk, speculative profile. Whether it fits a portfolio depends on individual risk tolerance and investment horizon — see the full pillar breakdown for more detail.
Is QS overvalued?
The UQS Valuation pillar for QS rates Elevated, which means the market is pricing in significant future success for a company that has not yet generated commercial revenue. That gap between current price and current fundamentals is a key risk factor for investors to weigh.
How does QS compare to its competitors?
Unlike sector peers such as Gentex, Dana, and Garrett Motion — which are established, revenue-generating businesses — QuantumScape is a pre-commercial technology developer. It carries a fundamentally different risk and return profile, making direct financial comparisons difficult at this stage.
What is QS's market cap bracket?
QuantumScape is classified as a mid-cap company. That size reflects the market's speculative premium on its battery technology potential, even though the company has not yet reached commercial-scale production or revenue.
Who founded QuantumScape?
QuantumScape was founded in 2010. Information about the founding team is widely publicly available through the company's official communications and public filings for those seeking background on its origins.
Is QS a long-term quality investment?
As a long-term quality indicator, the UQS Score rates QS as Poor. The Weak Quality and Moat pillars reflect the absence of proven competitive advantages and financial durability today. Long-term potential depends entirely on whether the company can successfully commercialize its technology — a significant and unresolved question.
What is the main competitive advantage of QuantumScape?
QuantumScape's claimed advantage is its proprietary solid-state separator technology, which could enable lithium-metal anodes and deliver superior energy density and safety versus conventional lithium-ion batteries. However, the UQS Moat pillar rates Weak, reflecting that this advantage is not yet commercially proven or defensible at scale.
What sector does QS belong to?
QuantumScape is classified under the Consumer Cyclical sector, grouped with automotive technology and components companies. Its fortunes are closely tied to the trajectory of electric vehicle adoption, which itself is sensitive to consumer demand and broader economic conditions.
Is QS a growth stock or value stock?
QS is positioned as a speculative growth story, but the UQS Growth pillar rates Weak because the company has not yet demonstrated revenue growth. The Elevated Valuation pillar means investors are paying a premium for future potential rather than current financial performance.
Unlock Full QS Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS pillar scores for QS
- ✓Access underlying financial metrics and trend data
- ✓Compare QS against sector peers side by side
- ✓See the complete Quality and Moat breakdown
- ✓Track valuation changes over time with Pro tools
- ✓Get the full analyst-style view in one dashboard
Pro Analysis
QS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 11, 2026 | 17.0 | 0.0 | 15.0 | 11.0 | 73.3 | 0.0 | +0.4 |
| Apr 22, 2026 | 16.6 | 0.0 | 15.0 | 11.0 | 71.2 | 0.0 | -0.6 |
| Apr 2, 2026 | 17.2 | 0.0 | 15.0 | 13.8 | 71.2 | 0.0 | — |
QS — Pillar Breakdown
Quality
— 0.0/100 (25%)QuantumScape Corporation currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 11.0/100 (20%)QuantumScape Corporation faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 73.3/100 (15%)QuantumScape Corporation maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 0.0/100 (15%)QuantumScape Corporation appears expensively valued relative to its fundamentals and growth prospects.
Moat
— 15/100 (25%)QuantumScape Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for QS.
Score Composition
Financial Data
More Stock Analysis
How is the QS UQS Score Calculated?
The UQS (Unified Quality Score) for QuantumScape Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses QuantumScape Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether QuantumScape Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.