Monitor progress on pilot line installation with SK On and commercialization timeline. The $130 million January funding strengthens liquidity but does not change near-term unprofitability. Watch for signs of revenue diversification beyond SK On agreements.
Price Chart
Executive Summary
Solid Power reported full-year 2025 results with revenue of $21.7 million, up $1.6 million year-over-year, driven by work under its SK On line installation agreement. The company posted a net loss of $93.4 million and ended the year with $336.5 million in total liquidity. It expects 2026 cash investment between $85 million and $100 million and raised $130 million in January 2026 via a registered direct offering.
Key Financial Metrics
Key Facts
- Revenue was $21.7 million in 2025, up $1.6 million from 2024
- Net loss was $93.4 million, or $0.51 per share
- Total liquidity was $336.5 million as of December 31, 2025
- 2025 cash investment was $84.5 million, at the lower end of guidance
- Company expects 2026 cash investment between $85 million and $100 million
- Raised $130 million in January 2026 through a registered direct offering
Financial Impact
Revenue increased modestly by $1.6 million, but company remains unprofitable with $93.4 million net loss
Risk Factors
- Continuing net losses and significant cash burn
- Dependence on partner agreements for revenue
- Execution risk in commercializing solid-state battery technology
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-019117 |
| Document: tm266994d1_8k.htm | 0001104659-26-019117 |
| Document: 0001104659-26-019117-index-headers.html | 0001104659-26-019117 |
| Document: 0001104659-26-019117-index.html | 0001104659-26-019117 |
| Document: 0001104659-26-019117.txt | 0001104659-26-019117 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | 8-K | $2.46 $2.23 | ▼ −9.35% | ▼ −11.61% | $2.02 (−17.89%) |
Jun 12, 2026 19w ago | 8-K | $2.84 $2.23 | ▼ −21.48% | ▼ −20.73% | $2.02 (−28.87%) |
Feb 24, 2026 35w ago | 8-K | $3.68 $3.08 | ▼ −16.30% | ▼ −11.07% | $2.02 (−45.11%) |
US Market Status
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