QuantumScape Corp(QS)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
QS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for QuantumScape Corp (QS), a Technology sector company. QS is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), QuantumScape Corp reports net income of $-100.8M, free cash flow of $-69.5M. Top institutional holders of QS by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, D. E. Shaw & Co.,, based on the most recent SEC filings. QS trades on the Nasdaq exchange and files with the SEC under CIK 1811414. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate QS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for QuantumScape Corp directly from SEC EDGAR.
Net Income
Q1 2026
$-100.8M
Free Cash Flow
Q1 2026
$-69.5M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+9.0% YoYOperating Income
+10.0% YoYEPS (Diluted)
+19.1% YoYTotal Assets
-1.1% YoYOp. Cash Flow
+11.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Net Income | $-435.1M +9.0% | $-477.9M -7.3% | $-445.1M -868.4% | $-46.0M +97.3% | $-1.68B |
| Operating Income | $-472.6M +10.0% | $-525.2M -9.6% | $-479.0M -122.5% | $-215.3M -165.7% | $-81.0M |
| EPS (Diluted) | $-0.76 +19.1% | $-0.94 +2.1% | $-0.96 -84.6% | $-0.52 +92.2% | $-6.67 |
| Total Assets | $1.31B -1.1% | $1.32B -12.0% | $1.50B -12.5% | $1.72B +60.8% | $1.07B |
| Operating Cash Flow | $-242.5M +11.7% | $-274.6M -14.4% | $-240.0M -87.7% | $-127.9M -108.8% | $-61.3M |
AI Insight: QS Financial Trends
QuantumScape's operating losses are narrowing steadily — from -$134M in Q2 2024 to -$109M in Q1 2026 — but the company remains pre-revenue with no clear path to breakeven.
• Operating loss improved from -$134M in Q2 2024 to -$109M in Q1 2026, a ~19% reduction over six quarters.
• Net loss similarly narrowed from -$123M in Q2 2024 to -$100M in Q4 2025, before ticking slightly back to -$101M in Q1 2026.
• Equity declined from $1,180M in Q2 2024 to $1,110M in Q1 2026, reflecting ongoing cash consumption with no revenue offset.
• Operating cash outflow has remained range-bound between -$56M and -$93M across all eight quarters, with no revenue reported.
⚠ Equity erosion of ~$70M over six quarters signals runway compression; pace of cash burn vs. remaining equity warrants close monitoring.
⚠ Zero revenue across all eight quarters — any commercial milestone or first customer shipment would be a critical positive inflection.
⚠ Operating loss reduction stalled between Q1 2026 (-$109M) and Q4 2025 (-$110M), suggesting cost-cut momentum may be plateauing.
AI Insight: QS Ratio Trends
Capital returns remain deeply negative but ROE, ROA, and ROIC have meaningfully improved from Q2 2025 lows, signaling slower cash burn.
• ROIC improved from -48.2% in Q2 2025 to -37.8% by Q4 2025, the best reading in the observed period.
• ROA recovered from a trough of -39.3% in Q2 2025 to -30.6% in Q4 2025, a notable 8.7pp improvement.
• All profitability metrics — ROE, ROA, ROIC — remain deeply negative across every reported quarter, reflecting pre-revenue status.
⚠ Q1 2026 shows modest deterioration: ROIC slipped to -39.4% from -37.8% in Q4 2025 — watch whether the improvement trend resumes.
⚠ OpMargin, NPM, and D/E are entirely absent; without revenue and debt data, leverage and operating efficiency cannot be assessed.
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Available Research
13F Pro tracks comprehensive data for QuantumScape Corp including:
Top Institutional Holders of QS
BlackRock, Inc.
$139.1M21,809,688 shVANGUARD CAPITAL MANAGEMENT LLC
$133.2M20,876,166 shD. E. Shaw & Co., Inc.
$126.0M19,742,577 shVANGUARD PORTFOLIO MANAGEMENT LLC
$115.0M18,027,302 shTWO SIGMA INVESTMENTS, LP
$80.3M12,580,529 shCapricorn Investment Group LLC
$78.7M11,496,990 shGEODE CAPITAL MANAGEMENT, LLC
$53.3M8,346,848 shRENAISSANCE TECHNOLOGIES LLC
$51.4M8,051,800 shSTATE STREET CORP
$48.2M7,554,784 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$37.5M5,882,000 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $139.1M | 21,809,688 |
| VANGUARD CAPITAL MANAGEMENT LLC | $133.2M | 20,876,166 |
| D. E. Shaw & Co., Inc. | $126.0M | 19,742,577 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $115.0M | 18,027,302 |
| TWO SIGMA INVESTMENTS, LP | $80.3M | 12,580,529 |
| Capricorn Investment Group LLC | $78.7M | 11,496,990 |
| GEODE CAPITAL MANAGEMENT, LLC | $53.3M | 8,346,848 |
| RENAISSANCE TECHNOLOGIES LLC | $51.4M | 8,051,800 |
| STATE STREET CORP | $48.2M | 7,554,784 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $37.5M | 5,882,000 |
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Popular Research
Is QS a good stock to buy?
13F Pro's AI-powered analysis of QuantumScape Corp (QS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for QS are available on the QS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own QS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling QS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of QuantumScape Corp's investment landscape.