Solid Power concluded 2025 with $21.7 million in total revenue, driven by its partnership with SK On. While the company reported an operating loss of $100.8 million, it maintained a strong liquidity position of $336.5 million and successfully executed on its electrolyte production roadmap, including the design of a new pilot line.
Solid Power delivered $4.6 million in revenue and grant income in Q3 2025, primarily driven by work on a line installation agreement with SK On Co., Ltd. The company reported a net loss of $25.867 million and maintained a strong liquidity position of $300.4 million. Operating expenses decreased compared to the previous quarter, and the company raised $32.9 million through an at-the-market offering program.
Solid Power delivered $6.0 million in revenue during the first quarter of 2025, primarily driven by agreements with SK On Co., Ltd. The company maintained financial discipline, resulting in a net loss of $15.1 million, or $0.08 per share, and ended the quarter with strong liquidity of $299.6 million.
Solid Power delivered $20.1 million in revenue during 2024, an increase of $2.7 million compared to 2023, primarily driven by performance on SK On Agreements. The company reported a net loss of $96.5 million for the full year 2024.
Solid Power reported a revenue of $4.7 million for Q3 2024, a decrease compared to Q3 2023. The operating loss was $27.6 million and the net loss was $22.4 million, or $0.13 per share. The company's liquidity remains strong with a total liquidity of $348.1 million as of September 30, 2024.
Solid Power reported a revenue of $5.1 million for Q2 2024, a slight increase compared to Q2 2023. The company's operating loss was $26.9 million, and the net loss was $22.3 million, or $0.13 per share. The company maintains a strong liquidity position with $358.8 million in total liquidity as of June 30, 2024.
Solid Power reported a revenue of $6.0 million for the first quarter of 2024, an increase of $2.2 million compared to the first quarter of 2023. The increase was driven by continued execution under the company’s joint development agreements and other collaborative arrangements. The company's operating loss was $25.8 million and net loss was $21.2 million, or $0.12 per share. Total liquidity as of March 31, 2024, was $378.9 million.
Solid Power reported revenue of $17.4 million for 2023, a $5.6 million increase compared to 2022. The company's operating loss was $90.6 million and net loss was $65.5 million, or $0.37 per share. Total liquidity as of December 31, 2023, was $415.6 million.
Solid Power reported a revenue increase of $3.6 million compared to Q3 2022, driven by joint development agreements. The company's operating loss was $21.5 million and net loss was $15.1 million, or $0.08 per share. They shipped their first A-sample cells to enter automotive qualification.
Solid Power reported a revenue of $4.9 million for Q2 2023, an increase of $2.3 million compared to Q2 2022. The operating loss was $22.2 million and net loss was $12.2 million, or $0.07 per share. The company's liquidity position remained strong with total liquidity totaling $443.4 million as of June 30, 2023.
Solid Power reported a revenue of $3.8 million for the first quarter of 2023, an increase of $1.6 million compared to the first quarter of 2022. The operating loss was $21.3 million and the net loss was $19.2 million, or $0.11 per share. The company's total liquidity totaled $468.2 million as of March 31, 2023.
Solid Power reported full-year 2022 financial results, featuring revenue of $11.8 million, driven by joint development agreements, government contracts, and product sales. The company invested in operational infrastructure and achieved development milestones, while operating loss was $59.1 million and net loss was $9.6 million, or $0.05 per diluted share. The company ended the year with a strong liquidity position of $496.1 million.
Solid Power reported revenue of $2.8 million for Q3 2022, a significant increase compared to $0.6 million in Q3 2021. The company experienced lower yields in 20 Ah cell production, impacting the timeline for A-sample EV cell production. Operating loss was $15.6 million, and net loss was $12.4 million, or $0.07 per diluted share. The company's liquidity position remained strong with total liquidity of $507.6 million as of September 30, 2022.
Solid Power reported revenue of $2.6 million and a net income of $13.7 million, or $0.08 per diluted share, for the second quarter of 2022. The company's liquidity position remained strong with total liquidity totaling $534.2 million.
Solid Power reported revenue of $2.2 million for Q1 2022, up from $0.5 million in Q1 2021. The net loss was $10.3 million, or $0.06 per diluted share, compared to a net loss of $7.2 million, or $0.10 per diluted share, during the same quarter in 2021. The company reiterated its financial guidance for the year.