QuantumScape (QS) Operating Expenses (2020 - 2026)

QuantumScape (QS) has 7 years of Operating Expenses data on file, last reported at $109.2 million in Q1 2026.

• Quarterly Operating Expenses fell 11.65% year-over-year to $109.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $458.2 million (down 11.35% YoY) and the FY2025 annual result came in at $472.6 million, down 10.02% from the prior year.
• Operating Expenses declined to $109.2 million in Q1 2026 per QS's latest filing, from $110.4 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.
• The 5-year median for Operating Expenses is $120.9 million (2023), against an average of $118.0 million.
• The widest annual swing landed in 2022, when Operating Expenses surged 124.13%; it then dropped 14.17% in 2025.
• Tracing QS's Operating Expenses over 5 years: stood at $113.4 million in 2022, then grew by 9.88% to $124.6 million in 2023, then grew by 3.25% to $128.7 million in 2024, then slipped by 14.17% to $110.4 million in 2025, then decreased by 1.15% to $109.2 million in 2026.
• Per Business Quant, the three latest QS Operating Expenses figures stand at $109.2 million (Q1 2026), $110.4 million (Q4 2025), and $115.0 million (Q3 2025).

Peer Comparison