QuantumScape Corporation Class A Common Stock (QS)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I begin with business quality. QuantumScape is not yet an operating battery manufacturer; it is a 700-employee research-and-development company aiming to sell solid-state lithium-metal batteries for electric vehicles. The filed figures show no revenue for fiscal Q2 2026, Q1 2026, Q3 2025, or FY2025, and annual net losses of $445.1M in FY2023, $477.9M in FY2024, and $435.1M in FY2025. In fiscal Q2 2026, the quarter ended 2026-06-30, net loss was $98.2M, or diluted EPS -$0.16. That is not a moat proven by profits; it is a promise requiring capital. Financial health is mixed: debt is low with D/E 0.06 and an Altman Z-Score of 8.69, a FairStock calculation, but trailing free cash flow is -$272.6M and FCF yield is -10.7%, while FairStock calculations show ROE of -39.08% and ROCE of -24.27%. A Piotroski F-Score of 0/9 tells me there is little accounting strength in the current operations. Valuation is speculative. At the 2026-10-13 close of $4.12, market cap is $2.5B, P/B is 2.44, and P/E is -6.15, all FairStock calculations. The FairStock score is 43/100 and the Lynch category is none because it lost money in each of the last four years. Beta of 2.69 warns of volatility. Graham would call this unproven; Buffett might wait for evidence of durable economics. The price is near the 52-week low of $4.12, but cheapness on earnings cannot be measured when earnings are negative. I would watch for real revenue and narrower cash burn.

In plain English: QuantumScape is a small company trying to develop solid-state lithium-metal batteries for electric vehicles. It has no reported revenue in the filed figures and loses money each quarter, so the business looks weak today. At the 2026-10-13 closing price of $4.12, the stock does not look cheap against its current numbers because there are no profits to support the $2.5B market value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer