QuantumScape (QS) Capital Expenditures (2020 - 2026)
QuantumScape's Capital Expenditures came in at $4.45 million for Q3 2026, down 53.6% from $9.58 million a year earlier and down 3.7% from the prior quarter.
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Analysis
QuantumScape (QS) Capital Expenditures (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, QuantumScape reported Capital Expenditures of $31.32 million, down 10.9% year-over-year; for FY2025, it was $36.28 million, down 41.7% from FY2024.
- Capital Expenditures has declined in each of the last three years, though with a five-year compound annual growth rate of 8.5% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $62.25 million in FY2024 (-26.4%), $84.62 million in FY2023 (-46.7%), $158.85 million in FY2022 (+24.9%) and $127.18 million in FY2021 (+427.9%).
- The Q3 2026 figure represents the lowest quarterly Capital Expenditures since Q3 2020.
- Year-over-year, Capital Expenditures increased in two of the last eight quarters, with an average decline of 24.8%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q4 2021 (growth of 339.9%), and the weakest in Q3 2023 (a decline of 66.8%).
- Business Quant data shows QS's Capital Expenditures at $4.62 million (Q2 2026), $9.98 million (Q1 2026) and $12.28 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.37 Bn | 172.62 Bn | 3.11 Bn | 647.00 Mn |
| 2 | Bloom Energy | 59.21 Bn | 49.14 Bn | 417.10 Mn | 153.49 Mn |
| 3 | First Solar | 20.91 Bn | 12.27 Bn | 713.06 Mn | 154.81 Mn |
| 4 | Nextpower | 16.08 Bn | 11.79 Bn | 345.32 Mn | 23.13 Mn |
| 5 | Generac Holdings | 11.16 Bn | 9.90 Bn | 516.04 Mn | 39.25 Mn |
| 6 | BWX Technologies | 11.13 Bn | 8.94 Bn | 227.14 Mn | 52.26 Mn |
| 7 | EnerSys | 5.66 Bn | 3.86 Bn | 313.36 Mn | 12.42 Mn |
| 8 | Mirion Technologies | 4.36 Bn | 2.77 Bn | 131.50 Mn | 11.90 Mn |
| 9 | Enphase Energy | 4.17 Bn | -138.95 Mn | 127.12 Mn | 11.46 Mn |
| 10 | QuantumScape | 2.75 Bn | -805.23 Mn | - | 4.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.45 Mn |
| Jun 30, 2026 | 4.62 Mn |
| Mar 31, 2026 | 9.98 Mn |
| Dec 31, 2025 | 12.28 Mn |
| Sep 30, 2025 | 9.58 Mn |
| Jun 30, 2025 | 8.59 Mn |
| Mar 31, 2025 | 5.84 Mn |
| Dec 31, 2024 | 11.16 Mn |
| Sep 30, 2024 | 18.04 Mn |
| Jun 30, 2024 | 18.92 Mn |
| Mar 31, 2024 | 14.12 Mn |
| Dec 31, 2023 | 13.92 Mn |
| Sep 30, 2023 | 17.98 Mn |
| Jun 30, 2023 | 24.72 Mn |
| Mar 31, 2023 | 28.01 Mn |
| Dec 31, 2022 | 37.84 Mn |
| Sep 30, 2022 | 54.08 Mn |
| Jun 30, 2022 | 27.63 Mn |
| Mar 31, 2022 | 39.29 Mn |
| Dec 31, 2021 | 44.78 Mn |
API Access
QuantumScape Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=QS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "QS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=QS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();