Solid Power, Inc. SEC 10-Q Report

Solid Power, Inc., a leading developer of all-solid-state battery technology, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational achievements, reflecting the company's ongoing efforts to advance its technology and expand its market presence.

Financial Highlights

Total Revenue and Grant Income: Solid Power, Inc. reported total revenue and grant income of $7.54 million, marking a 49% increase compared to the same period in 2024. This growth was primarily driven by performance on collaboration agreements and government grant income.

Operating Loss: The company recorded an operating loss of $(25.87) million, which is an improvement of 4% compared to the same period in 2024. This improvement reflects a decrease in operating expenses.

Net Loss Attributable to Common Stockholders: The net loss attributable to common stockholders was $(25.34) million, an increase of 14% compared to the same period in 2024. This increase was due to changes in nonoperating income and expenses.

Basic and Diluted Loss Per Share: The basic and diluted loss per share was $(0.14), compared to $(0.13) in the same period in 2024, reflecting the increased net loss.

Business Highlights

Revenue Segments: The company recognized $5.9 million and $10.5 million of collaborative revenue for the three and six months ended June 30, 2025, respectively. This revenue was primarily from its agreements with SK On Co., Ltd., including performance on research and development technology license agreements, line installation agreements, and electrolyte supply agreements.

Geographical Performance: Solid Power's activities are primarily conducted in the United States and the Republic of Korea. Strategic partnerships in these regions have been instrumental in driving operational performance.

Sales Units: The company is focused on ramping up electrolyte sampling and identifying long-term customers, indicating an increase in production and distribution activities.

New Production Launches: Solid Power is progressing towards the installation of a continuous electrolyte production pilot line. Detailed design work is underway, and long-lead time equipment has been ordered. The line is expected to be commissioned by 2026.

Future Outlook: The company plans to continue executing on its SK On Agreements and anticipates recognizing additional revenue through the remainder of the year. It also expects to complete the detailed design of the continuous electrolyte production pilot line by the end of 2025, with commissioning planned for 2026.

SEC Filing: Solid Power, Inc. [ SLDP ] - 10-Q - Aug. 07, 2025