Filing Flows

Filing Flows › Companies › Solid Power › Cash flow

Solid Power cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$21.5M in Q3 2026 · −$79.6M over twelve months

Operating cash flow−$16.8M
Capital spending−$4.7M
Free cash flow−$21.5M

Analysis

In Q3 2026, Solid Power generated −$16.8M of operating cash flow and spent $4.7M on capital projects, leaving free cash flow of −$21.5M. That is $6.6M less than in Q3 2025 (−$14.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$62.4M; the largest uses were other investing ($122M), operating cash flow ($62.4M), capital spending ($17.2M); besides operations, cash came from other financing ($174M), shares issued ($3.4M); the cash balance fell by $23.7M.

Operating cash flow was −$16.8M against net income of −$24.4M. The largest differences: depreciation & amortization +$4.8M, stock-based pay +$2.9M, deferred revenue +$1.9M.

Free cash flow

Solid Power: free cash flow by quarterSolid Power: free cash flow by quarter−$18.6MQ4 2024−$28.6MQ1 2025−$17.1MQ2 2025−$14.8MQ3 2025−$23.0MQ4 2025−$20.4MQ1 2026−$14.7MQ2 2026−$21.5MQ3 2026
Operating cash flow less capital spending.
Solid Power: operating cash flow against capital spendingSolid Power: operating cash flow against capital spendingOperating cash flowCapital spending−$13.9M$4.7MQ4 2024−$26.3M$2.4MQ1 2025−$14.4M$2.7MQ2 2025−$14.3M$570KQ3 2025−$18.4M$4.6MQ4 2025−$18.8M$1.7MQ1 2026−$8.4M$6.3MQ2 2026−$16.8M$4.7MQ3 2026
Latest (Q3 2026): Operating cash flow −$16.8M, Capital spending $4.7M.

Capital allocation, year by year

Solid Power: where the cash came from (up) and went (down), by fiscal yearSolid Power: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow −$25.4MFY2021: Net borrowing −$2.6MFY2021: Shares issued $331MFY2021: Capital spending −$12.6M$331MFY2021FY2022: Operating cash flow −$33.8MFY2022: Net borrowing −$263KFY2022: Shares issued $818KFY2022: Capital spending −$58.3M$818KFY2022FY2023: Operating cash flow −$58.3MFY2023: Net borrowing −$315KFY2023: Shares issued $220KFY2023: Capital spending −$34.5M$220KFY2023FY2024: Operating cash flow −$63.9MFY2024: Net borrowing −$377KFY2024: Shares issued $273KFY2024: Asset sales $77KFY2024: Capital spending −$15.9MFY2024: Buybacks −$9.1M$350KFY2024FY2025: Operating cash flow −$73.4MFY2025: Net borrowing −$280KFY2025: Shares issued $96.5MFY2025: Asset sales $20KFY2025: Capital spending −$10.2MFY2025: Buybacks −$3.6M$96.5MFY2025
Over these 5 years operating cash flow totalled −$255M; the largest uses were operating cash flow ($255M) and capital spending ($132M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$235M
Debtnone
Net cash$235M
Cash runway3.0 years

Solid Power is burning cash: its operations consume cash, a free cash flow of −$79.6M a year at the current rate against $235M of cash and investments: a runway of about 3.0 years before any new financing.

Where the cash came from and went

Solid Power: sources (+) and uses (−) of cash, Q3 2026Solid Power: sources (+) and uses (−) of cash, Q3 2026Other investing$21.5MOperating cash flow−$16.8MCapital spending−$4.7MCash drawn (+) / kept (−)$726KOther financing−$678KNet borrowing (+) / repaid (−)−$41K
Solid Power: sources (+) and uses (−) of cash, TTM to Q3 2026Solid Power: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$174MOther investing−$122MOperating cash flow−$62.4MCash drawn (+) / kept (−)$23.7MCapital spending−$17.2MShares issued$3.4MNet borrowing (+) / repaid (−)−$189K

From profit to cash

Solid Power: net income to operating cash flow, Q3 2026Solid Power: net income to operating cash flow, Q3 2026Net income−$24.4MDepreciation & amortization$4.8MStock-based pay$2.9MReceivables−$886KAccrued liabilities$1.2MDeferred revenue$1.9MPrepaid and other assets−$1.3MOperating cash flow−$16.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$16.8M−$4.7M—−$41K—$726K−$21.5M
Q2 2026−$8.4M−$6.3M—−$44K—$7.2M−$14.7M
Q1 2026−$18.8M−$1.7M—−$52K$6K−$9.9M−$20.4M
Q4 2025−$18.4M−$4.6M—−$52K$3.4M$25.7M−$23.0M
Q3 2025−$14.3M−$570K—−$62K$35.3M−$21.0M−$14.8M
Q2 2025−$14.4M−$2.7M−$3.6M−$82K$478K$3.2M−$17.1M
Q1 2025−$26.3M−$2.4M—−$88K$181K−$4.0M−$28.6M
Q4 2024−$13.9M−$4.7M−$798K−$96K$41K$12.6M−$18.6M

Solid Power: income statement and cash flow

Solid Power, Q3 2026: revenue $1.2M (-73% year over year). The chart follows the revenue to costs, profit and cash.

Solid Power: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.