SLDPNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends December 31Also trades as SLDPW
Solid Power, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$1.95−0.06 (-2.99%)
Close on Oct 19, 2026
- Market cap
- $440.65M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Operating margin
-463.7%+87.6 pts over 5 years
Net margin
-429.5%+254.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.0% | +22.6% | +59.6% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 233.3% | -22.6% | |
| Return on assets | – | – | -20.7% | |
| Current ratio | – | 2.97 | 15.92 | |
| Debt to equity | – | 0.70 | – | |
| Net debt to EBITDA | – | 0.24× | – | |
| Interest coverage | – | -32.1× | -4033.3× | |
| Capex to revenue | – | 48.5% | 46.9% | |
| Diluted shares | – | 69M | 185M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Solid Power generated $254.82M from operations and spent $144.24M on capital expenditure, dividends and share buybacks. 91% of that went back into the business.
Generated
$254.82M
Used
$144.24M
Capital expenditure$131.58M91%Dividends$00%Share buybacks$12.66M9%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-429.5%
×Asset turnover0.05×
×Equity multiplier1.09×
=Return on equity, FY2025-22.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -429.5% | 0.05× | 1.09× | -22.6% |
| FY2024 | -479.3% | 0.04× | 1.07× | -21.1% |
| FY2023 | -376.5% | 0.03× | 1.06× | -12.4% |
| FY2022 | -81.1% | 0.02× | 1.09× | -1.7% |
| FY2021 | 667.1% | 0.01× | 1.12× | 6.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$93.41M
- Cash generatingOperating cash flow above zero-$73.39M
- Return on assets improvedROA up on the prior year-18.1% → -20.8%
- Earnings backed by cashOperating cash flow above net income-$73.39M vs -$93.41M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose6.27 → 15.92
- No dilutionShare count did not rise179M → 185M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.05