QuantumScape (QS) Operating Expenses (2020 - 2026)
QuantumScape (QS) posted quarterly Operating Expenses of $106.1 million for Q2 2026, down 14.13% year-over-year from $123.6 million in Q2 2025, and down 2.8% quarter-over-quarter from $109.2 million in Q1 2026.
QuantumScape (QS) Operating Expenses (2020 - 2026) Analysis & Trends
QuantumScape (QS) has reported Operating Expenses for 7 consecutive years, with $106.1 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses fell 14.13% year-over-year to $106.1 million; the TTM figure through Jun 2026 stood at $440.7 million (down 12.9% YoY), while the FY2025 annual figure was $472.6 million, down 10.02% from the prior year.
- Operating Expenses retreated to $106.1 million in Q2 2026 per QS's latest filing, from $109.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $134.5 million in Q2 2024 and bottomed at $90.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $117.4 million across 5 years, with a median of $120.8 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 124.13% — and 2025, when it fell 14.17%.
- QuantumScape's Operating Expenses stood at $113.4 million in 2022, then gained by 9.88% to $124.6 million in 2023, then gained by 3.25% to $128.7 million in 2024, then fell by 14.17% to $110.4 million in 2025, then decreased by 3.91% to $106.1 million in 2026.
- Business Quant data shows QS's Operating Expenses at $106.1 million in Q2 2026, $109.2 million in Q1 2026, and $110.4 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | 1.53 Bn |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | 341.91 Mn |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | 980.00 Mn |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 2.13 Bn |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | 352.00 Mn |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 224.00 Mn |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | - |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | 2.91 Bn |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 260.00 Mn |
| 10 | QuantumScape | 3.68 Bn | 3.68 Bn | - | 106.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 106.13 Mn |
| Mar 31, 2026 | 109.18 Mn |
| Dec 31, 2025 | 110.45 Mn |
| Sep 30, 2025 | 114.99 Mn |
| Jun 30, 2025 | 123.59 Mn |
| Mar 31, 2025 | 123.58 Mn |
| Dec 31, 2024 | 128.69 Mn |
| Sep 30, 2024 | 130.16 Mn |
| Jun 30, 2024 | 134.46 Mn |
| Mar 31, 2024 | 131.90 Mn |
| Dec 31, 2023 | 124.64 Mn |
| Sep 30, 2023 | 120.87 Mn |
| Jun 30, 2023 | 123.54 Mn |
| Mar 31, 2023 | 109.98 Mn |
| Dec 31, 2022 | 113.43 Mn |
| Sep 30, 2022 | 120.65 Mn |
| Jun 30, 2022 | 95.87 Mn |
| Mar 31, 2022 | 90.66 Mn |
| Dec 31, 2021 | 67.14 Mn |
| Sep 30, 2021 | 53.83 Mn |