QuantumScape Q3 net loss narrows to $105.8M; reports first customer billings of $12.8M

QuantumScape Corp

2025-Q3 EPS reported -$0.59

Net loss $105.8M ($0.18/shr) vs $119.7M ($0.23/shr) YoY; adjusted EBITDA loss $61.4M.
First public demo: Ducati V21L with VW Group; began shipping Cobra-based QSE-5 B1 samples.
FY 2025 adjusted EBITDA guidance narrowed to $245-260M loss; capex lowered to $30-40M.
Cash and marketable securities $1.0B; cash runway extended through end of decade.
Customer billings $12.8M in Q3; new JDA with existing customer and new Top-10 OEM engagement.

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