QuantumScape (QS) Operating Expenses (2020 - 2026)

QuantumScape has disclosed Operating Expenses across 7 years of filings, most recently posting $109.2 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 11.65% year-over-year to $109.2 million; the TTM figure through Mar 2026 stood at $458.2 million (down 11.35% YoY), while the FY2025 annual figure was $472.6 million, down 10.02% from the prior year.
• Operating Expenses fell to $109.2 million in Q1 2026, from $110.4 million in the prior quarter.
• Over the last five years, Operating Expenses for QS reached as high as $134.5 million in Q2 2024 and fell as low as $90.7 million in Q1 2022.
• The 5-year median for Operating Expenses is $120.9 million (2023), against an average of $118.0 million.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 124.13% — and 2025, when it fell 14.17%.
• A 5-year view of Operating Expenses shows it stood at $113.4 million in 2022, then rose by 9.88% to $124.6 million in 2023, then rose by 3.25% to $128.7 million in 2024, then declined by 14.17% to $110.4 million in 2025, then dropped by 1.15% to $109.2 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $109.2 million, $110.4 million, and $115.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.