QuantumScape Q4 net loss $100M, FY25 adj. EBITDA loss $252M; Eagle Line operational, first customer billings $19.5M

QuantumScape Corp

2025-FY EPS reported -$0.76

Net loss Q4 $100.1M ($0.17/share), FY25 $435.1M ($0.76/share); Adjusted EBITDA loss FY25 $252.3M, in guidance, 10% YoY improvement.
First customer billings of $19.5M in FY25; Cobra process baseline integrated; QSE-5 cells shipped to VW Group; Eagle Line inaugurated Feb 4, 2026.
Added two global automotive OEM customers and expanded PowerCo arrangement; partnered with Murata and Corning for ceramics expertise.
2026 outlook: Adjusted EBITDA loss $250M-$275M, capex $40M-$60M, prioritize Eagle Line scale-up and automotive commercialization.

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