6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 11.1% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-94.9% vs -11.1% per year).
Operating income covered interest expense -4033.3× in the latest year.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$18M
-$93M
0.0%
-562.9%
-$84M
—
$22M
2024
$20M
-$97M
0.0%
-523.0%
-$80M
—
$25M
2023
—
-$66M
—
—
-$93M
—
$35M
2022
—
-$10M
—
—
-$92M
$7000
$50M
2021
—
$18M
—
—
-$38M
$130000
$513M
2020
—
-$14M
—
—
-$11M
$3M
$5M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$2M
-$13M
0.0%
-1251.6%
-$20M
—
$32M
Dec '25
$3M
-$27M
0.0%
-1031.2%
-$23M
—
$22M
Sep '25
$4M
-$26M
0.0%
-654.4%
-$15M
—
$47M
Jun '25
$6M
-$25M
0.0%
-398.9%
-$17M
—
$26M
Mar '25
$5M
-$15M
0.0%
-468.9%
-$29M
—
$29M
Dec '24
$4M
-$31M
0.0%
-561.1%
-$19M
—
$25M
Sep '24
$5M
-$22M
0.0%
-593.2%
-$13M
—
$38M
Jun '24
$5M
-$22M
0.0%
-530.8%
-$16M
—
$31M
Mar '24
—
-$21M
—
—
-$33M
—
$14M
Dec '23
—
-$19M
—
—
-$12M
—
$35M
Sep '23
—
-$15M
—
—
-$24M
—
$27M
Jun '23
—
-$12M
—
—
-$26M
—
$28M
Mar '23
—
-$19M
—
—
-$31M
—
$10M
Dec '22
—
-$479000
—
—
-$14M
$7000
$50M
Sep '22
—
-$12M
—
—
-$24M
$26000
$98M
Jun '22
—
$14M
—
—
-$29M
$58000
$302M
Mar '22
—
-$10M
—
—
-$25M
$92000
$450M
Dec '21
—
$43M
—
—
-$13M
$130000
$513M
Sep '21
—
-$8M
—
—
-$11M
—
—
Jun '21
—
-$9M
—
—
-$10M
—
—
Valuation over time
How the market has priced SLDPW against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 3.5× (Dec '24) to 1.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is SLDPW growing its revenue and profit?
Over the past 5 years, Solid Power, Inc.'s revenue has declined 11.1% per year. These are computed facts, not advice.
How much debt does SLDPW have?
As of FY2025, Solid Power, Inc. reported — of total debt against $22M of cash; operating income covered interest expense -4033.3×.
What is SLDPW's profit margin?
In FY2025, gross margin was —, operating margin -562.9%, and net margin -521.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.