Solid Power (SLDP) Financial Statements & Analysis

Solid Power Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Solid Power, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	17.91	20.14	17.41	11.79	2.71	2.10	2.28
Cost of Revenue	20.65	20.28	27.73	9.59	3.07	1.67	1.82
Gross Profit	-2.74	-0.15	-10.32	2.20	-0.36	0.43	0.45
Operating Expenses
Research & Development	72.51	73.34	54.75	38.59	17.10	9.59	7.24
Selling, General & Administrative	29.42	31.85	25.55	22.72	9.08	2.43	1.54
Operating Expenses	98.10	105.19	80.30	61.32	26.19	12.03	9.70
Operating Income	-100.83	-105.33	-90.62	-59.12	-26.55	-11.59	-9.25
Other Income/Expense
Interest Income	13.20	17.67	20.27	8.48	0.06	0.03	0.23
Interest Expense	0.03	-0.05	-0.08	0.04	0.39	-0.36	0.06
Other Income/Expense	-5.83	10.01	25.07	40.90	44.95	-2.82	0.17
Income
Income Before Tax	-93.48	-95.33	-65.55	-9.78	18.07	-14.26	-9.07
Income Tax Expense	-0.01	1.19	0.00	-0.23	-0.03	0.12	0.13
Net Income	-93.41	-96.52	-65.55	-9.56	18.09	-14.38	-9.21
Net Income - Continuous Operations	-93.41	-96.52	-65.55	-9.56	18.09	-14.38	-9.21
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-73.67	-88.87	-78.66	-3.82	20.82	-9.53	-6.89
EBIT	-93.46	-105.33	-90.62	-9.74	18.46	-11.59	-
Depreciation & Amortization	19.79	16.46	11.96	5.92	2.36	2.07	1.44
Earnings Per Share
Basic EPS	-1.00	-1.00	-	-	-	-	-
Diluted EPS	-1.00	-1.00	-	-	-	-	-
Basic Shares Outstanding	184.90	179.40	178.01	174.37	167.56	69.23	167.56
Diluted Shares Outstanding	184.90	179.40	178.01	174.37	167.56	69.23	167.56

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Solid Power Financial Statements

What was Solid Power's revenue in fiscal 2025?

Solid Power reported revenue of $17.91M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 11.1% from $20.14M a year earlier.

Is Solid Power profitable?

No. Solid Power reported a net loss of $93.41M in fiscal 2025. In fiscal 2024 it lost $96.52M.

What is Solid Power's operating margin?

Solid Power's operating income was −$100.83M on revenue of $17.91M in fiscal 2025, an operating margin of -562.9%, compared with -523.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition