Solid Power reported Q1 2026 revenue of $3.1 million, operating loss of $26.3 million, net loss of $13.0 million or $(0.06) per share, with total liquidity of $435.3 million as of March 31, 2026.
Key takeaways
Revenue and grant income of $3.1 million, primarily from SK On site acceptance testing milestone.
Operating expenses decreased to $29.4 million from $30.0 million in Q1 2025 due to supplier timing.
Net loss of $13.0 million or $(0.06) per share, improved from $(0.08) per share in Q1 2025.
Total liquidity increased to $435.3 million as of March 31, 2026, from $336.5 million at year-end.
Raised $121.3 million net proceeds from $130 million registered direct offering.
Completed SK On pilot cell line site acceptance testing; electrolyte pilot line commissioning on track for end of 2026.