A Business at a Glance
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Solid Power, Inc.
SLDP
$381M
Mkt Cap
$2.08
-3.26%
Solid Power, Inc. (SLDP) has a 5-year average return on invested capital (ROIC) of -10.7%. This is below average and may indicate limited pricing power.
Solid Power, Inc. (SLDP) has a market capitalization of $467M. It is classified as a small-cap stock.
Solid Power, Inc. (SLDP) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.77%.
Solid Power, Inc. (SLDP) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry, within the Technology sector.
Solid Power, Inc. (SLDP) generated $-84 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Solid Power, Inc. (SLDP) has a debt-to-equity ratio of 0.02. This indicates a conservatively financed balance sheet.
Solid Power, Inc. (SLDP) reported earnings per share (EPS) of $-0.51 in its most recent fiscal year.
Solid Power is a U.S.-based leader in solid-state battery technology and manufacturing processes. Our core technology is a sulfide-based solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells. We believe our electrolyte technology has the potential to enable a step-change improvement in battery cell performance beyond what is currently achievable in conventional lithium-ion battery cells, including improved energy density, battery life, and safety performance. We are currently targeting the battery electric vehicle (“EV”) market due to the size and perceived demand for next generation battery technology but believe our technologies can have a broader application as the technologies mature. Commercialization Strategy Our commercialization strategy is to manufacture and sell electrolyte to Tier 1 battery manufacturers and automotive original equipment manufacturers (“OEMs”) that choose to produce their own battery cells.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 19M | - | - | - | 12M | - |
| Net Income | -91M | -93M | -97M | -66M | -9.6M | 13M |
| EPS | $-0.47 | $-0.51 | $-0.54 | $-0.37 | $-0.05 | $0.11 |
| Free Cash Flow | -75M | -84M | -80M | -93M | -92M | 13M |
| ROIC | -30.2% | -22.6% | -21.1% | -12.4% | -1.7% | 4.5% |
| Gross Margin | - | - | - | - | 18.6% | - |
| Debt/Equity | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -103M | -101M | -105M | -91M | -59M | -27M |
| Operating Margin | -548.5% | - | - | - | -501.5% | - |
| ROE | -17.4% | -22.6% | -21.1% | -12.4% | -1.7% | 4.5% |
| Shares Outstanding | 225M | 183M | 179M | 177M | 191M | 115M |
| Metric | |||||||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | N/A | N/A | 12M | N/A | N/A | N/A | 19M |
| Gross Margin | N/A | N/A | 18.6% | N/A | N/A | N/A | N/A |
| R&D | 9.6M | 17M | 39M | 55M | 73M | 73M | 71M |
| SG&A | 1.2M | 5.7M | 23M | 26M | 32M | 29M | 29M |
| EBIT | -12M | -27M | -59M | -91M | -105M | -101M | -103M |
| Op. Margin | N/A | N/A | -501.5% | N/A | N/A | N/A | -548.5% |
| Net Income | -14M | 13M | -9.6M | -66M | -97M | -93M | -91M |
| Net Margin | N/A | N/A | -81.1% | N/A | N/A | N/A | -485.5% |
| Non-Recurring | -7K | -11K | -11K | 0 | -2.0M | 748K | 748K |
| Returns on Capital | |||||||
| ROIC | -81.6% | 4.5% | -1.7% | -12.4% | -21.1% | -22.6% | -30.2% |
| ROE | 233.3% | 4.5% | -1.7% | -12.4% | -21.1% | -22.6% | -17.4% |
| ROA | -101.2% | 4.0% | -1.6% | -11.6% | -19.7% | -20.7% | -16.5% |
| Cash Flow | |||||||
| Op. Cash Flow | -10.0M | 25M | -34M | -58M | -64M | -73M | -66M |
| Free Cash Flow | -11M | 13M | -92M | -93M | -80M | -84M | -75M |
| Owner Earnings | -12M | 20M | -48M | -81M | -92M | -101M | -94M |
| CapEx | 1.0M | 13M | 58M | 35M | 16M | 10M | 9.5M |
| Maint. CapEx | 2.1M | 2.4M | 5.2M | 12M | 16M | 18M | 19M |
| Growth CapEx | 0 | 10M | 53M | 23M | 0 | 0 | 0 |
| D&A | 2.1M | 2.4M | 5.2M | 12M | 16M | 18M | 19M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 9.1M | 3.6M | 3.6M |
| Buyback Yield | N/A | N/A | N/A | N/A | 2.4% | 0.4% | 0.8% |
| Stock-Based Comp | 182K | 2.7M | 8.7M | 10M | 12M | 9.0M | 9.9M |
| Debt Repayment | 676K | 3.6M | 121K | 7K | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | -2.3M | -589M | -314M | -166M | -109M | -243M | -255M |
| Cash & Equiv. | 5.0M | 513M | 50M | 35M | 25M | 22M | 255M |
| Long-Term Debt | 1.5M | 10K | 7K | 552K | 266K | N/A | N/A |
| Debt/Equity | 0.70 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
| Interest Coverage | -32.1 | -67.4 | -1407.6 | -1078.8 | -2289.8 | -4033.3 | -4033.3 |
| Equity | 3.9M | 559M | 555M | 503M | 410M | 416M | 525M |
| Total Assets | 14M | 618M | 594M | 533M | 448M | 455M | 555M |
| Total Liabilities | 10M | 59M | 39M | 29M | 38M | 39M | 29M |
| Intangibles | 248K | 619K | 1.1M | 1.6M | 2.1M | 2.2M | 2.2M |
| Retained Earnings | -28M | -9.5M | -19M | -85M | -181M | -275M | -288M |
| Working Capital | 3.6M | 586M | 307M | 167M | 105M | 251M | 258M |
| Current Assets | 5.5M | 594M | 328M | 183M | 125M | 267M | 275M |
| Current Liabilities | 1.8M | 8.4M | 21M | 16M | 20M | 17M | 17M |
| Per Share Data | |||||||
| EPS | -0.21 | 0.11 | -0.05 | -0.37 | -0.54 | -0.51 | -0.47 |
| Owner EPS | -0.18 | 0.18 | -0.25 | -0.45 | -0.52 | -0.55 | -0.42 |
| Book Value | 0.06 | 4.86 | 2.91 | 2.84 | 2.30 | 2.27 | 2.34 |
| Cash Flow/Share | -0.15 | 0.22 | -0.18 | -0.33 | -0.36 | -0.40 | -0.32 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 68.5M | 115.1M | 191.1M | 177.2M | 178.7M | 183.2M | 224.5M |
| Valuation | |||||||
| P/E Ratio | N/A | 84.9 | N/A | N/A | N/A | N/A | -4.4 |
| P/FCF | N/A | 83.8 | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.9 | 0.8 | 0.5 | 0.9 | 2.0 | 0.9 |
| Price/Sales | N/A | N/A | 107.0 | N/A | N/A | N/A | 24.8 |
| FCF Yield | N/A | 1.2% | -21.2% | -35.6% | -21.0% | -10.2% | -16.1% |
| Market Cap | N/A | 1.1B | 434M | 260M | 381M | 822M | 467M |
| Avg. Price | N/A | 10.51 | 6.60 | 2.30 | 1.51 | 3.03 | 2.08 |
| Year-End Price | N/A | 9.34 | 2.27 | 1.47 | 2.13 | 4.49 | 2.08 |
Solid Power, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 18.6%. Total shareholder yield (buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is +62.3%.
Solid Power, Inc. (SLDP) has a return on equity (ROE) of -22.6%. A negative ROE may indicate losses or negative equity.
Solid Power, Inc. (SLDP) has a 5-year average gross margin of 18.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 6 years of financial data for Solid Power, Inc. (SLDP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Solid Power, Inc. (SLDP) has a book value per share of $2.27, based on its most recent annual SEC filing.