Key Highlights from the Quarterly Report

• Quarterly period ended: March 31, 2026
• Ticker: QS
• Exchange: Nasdaq Stock Market LLC
• Location: San Jose, CA
• Business Phone: (408) 452-2000
• Company Status: Not a shell company, not an emerging growth company
• Reporting Status: All required reports and interactive data filed on time

Financial Position as of March 31, 2026

• Total Assets: \$1,229.1 million (Q1 2026), down from \$1,308.2 million as of prior quarter
• Total Liabilities and Stockholders’ Equity: \$1,229.1 million
• Stockholders’ Equity: \$1,109.7 million (Q1 2026), down from \$1,169.0 million
• Current Assets: \$915.9 million (Q1 2026), down from \$995.7 million
• Marketable Securities (Current): \$759.6 million (Q1 2026), down from \$740.3 million
• Other Assets (Current): \$15.9 million
• Finance Lease Liability (Current): \$3.7 million
• Other Current Liabilities: \$15.0 million
• Common Stock: \$61,000
• Additional Paid-in Capital: \$5,004.4 million
• Accumulated Deficit: \$(3,894.4) million

Operating Results for Q1 2026

• Net Loss: \$(100.8) million for Q1 2026
• Operating Loss: \$(123.6) million for Q1 2026
• Net Loss Per Share (Basic and Diluted): \$(0.16) per share
• Weighted Average Shares Outstanding: 613 million shares
• Interest Income: \$8.9 million
• Unrealized Loss on Marketable Securities: \$(1.8) million

Potentially Price-Sensitive and Material Information

• Significant Net Loss: QuantumScape reported a net loss of \$100.8 million for Q1 2026, reflecting ongoing high expenses related to R&D and operations, with no reported revenue. This continued burn rate is a material factor for investors.
• Declining Asset Base: Total assets decreased by approximately \$79 million quarter-over-quarter, driven primarily by reductions in cash and marketable securities. Cash runway and liquidity remain key concerns.
• High Accumulated Deficit: The company’s accumulated deficit now stands at nearly \$3.9 billion, reflecting continued investments and operating losses as QuantumScape pursues battery technology development.
• No Preferred Stock Outstanding: While authorized, no preferred shares are issued or outstanding.
• No Indication of Immediate Capital Raise: There is no explicit mention of a capital raise or new financing, but the cash burn rate may imply the need for future funding if losses persist.
• Marketable Securities: A substantial portion of the company’s assets remain in marketable securities, providing some liquidity cushion.
• Forward-Looking Statements and Risk Factors: The report reiterates significant uncertainty around the company’s future results, product commercialization, and market adoption. Management highlights that actual results may differ materially due to numerous risks, including those described in the “Risk Factors” section.

Other Important Shareholder Information

• Filing Compliance: The company confirms compliance with all SEC filing and reporting obligations, which is positive for transparency.
• Corporate Structure: QuantumScape remains a C-corporation, with no recent name changes or structural shifts.
• Stock Information: Only Class A Common Stock is outstanding and publicly traded under ticker QS.

Outlook and Forward-Looking Guidance

The company continues to emphasize the uncertainty of its future financial performance given the developmental nature of its solid-state battery technology. Management warns that significant risks remain, including the possibility of further losses and the need for additional capital as QuantumScape seeks to commercialize its technology.