Q3 2025 Quantumscape Corp Earnings Call Transcript
Key Points
- QuantumScape Corp (QS) unveiled its launch program with the Volkswagen Group, showcasing the Ducati B-21 race motorcycle, which demonstrates their next-generation battery technology.
- The company began shipping Cobra-based QSC-5 B1 samples, achieving a key annual goal for 2025.
- QuantumScape Corp (QS) expanded its commercial engagement by deepening relationships with existing customers and engaging new ones, including a new top 10 global automotive OEM.
- The company announced a partnership with Corning to jointly develop ceramic separator manufacturing capabilities, enhancing its ecosystem.
- QuantumScape Corp (QS) reported $12 million in customer billings in Q3, marking progress in its capital-light development and licensing business model.
- GAAP operating expenses and net loss in Q3 were $115 million and $105.8 million, respectively, indicating significant financial losses.
- The adjusted EBITDA loss was $61.4 million in Q3, reflecting ongoing financial challenges.
- The company revised its full-year guidance for adjusted EBITDA loss to $245 million to $260 million, suggesting higher-than-expected losses.
- Capital expenditures in Q3 were $9.6 million, primarily for facilities and equipment, indicating ongoing high capital requirements.
- QuantumScape Corp (QS) plans to move away from providing updates on cash runway, which may reduce transparency for investors.
Good day, and welcome to QuantumScape's third quarter 2025 earnings conference call.
Dan Conway, Quantum Spaces -- my apologies, QuantumScape's Principal Analyst, Investor Relations. You may begin your conference.
Thank you, operator. Good afternoon and thank you to everyone for joining QuantumScape's third quarter 2025 earnings call. To supplement today's discussion, please go to our IR website at ir.quantumscape.com to view our shareholder letter. Before we begin, I want to call your attention to the Safe Harbor provision for forward-looking statements that is posted on our website as part of our quarterly update.
Forward-looking statements generally relate to future events, future technology progress, or future financial or operating performance. Our expectations and beliefs regarding these matters may not materialize. Actual results and financial periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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