Revenue: As of FY2026 Q1, the actual value is USD 3.073 M.EPS: As of FY2026 Q1, the actual value is USD -0.06, beating the estimate of USD -0.13.EBIT: As of FY2026 Q1, the actual value is USD -30.16 M.Solid Power, Inc. operates as a single operating and reportable segment, with all financial metrics reported on a consolidated basis .<h4>Segment Revenue</h4>Total revenue and grant income for the three months ended March 31, 2026, was $3,073 thousand, a decrease of -49% from $6,016 thousand in the same period of 2025 . Revenue decreased to $2,105 thousand in Q1 2026 from $5,125 thousand in Q1 2025, representing a -59% decline . Grant income increased by 9% to $968 thousand in Q1 2026, up from $891 thousand in Q1 2025 . Government revenue was $134 thousand in Q1 2026, down from $663 thousand in Q1 2025, and non-government revenue was $1,971 thousand in Q1 2026, down from $4,462 thousand in Q1 2025 .<h4>Operational Metrics</h4>Solid Power, Inc. reported an operating loss of - $26,346 thousand for the three months ended March 31, 2026, an increase in loss of 10% compared to - $24,029 thousand in Q1 2025 . Total operating expenses decreased by -2% to $29,419 thousand in Q1 2026 from $30,045 thousand in Q1 2025 . Direct costs increased by 32% to $3,548 thousand in Q1 2026 from $2,696 thousand in Q1 2025 . Research and development expenses decreased by -7% to $17,749 thousand in Q1 2026 from $19,022 thousand in Q1 2025 . Selling, general and administrative expenses remained consistent at $8,122 thousand in Q1 2026 compared to $8,327 thousand in Q1 2025 . The net loss attributable to common stockholders decreased by -14% to - $13,028 thousand in Q1 2026 from - $15,151 thousand in Q1 2025 .<h4>Cash Flow</h4>Net cash and cash equivalents used in operating activities decreased by $7,537 thousand to - $18,753 thousand in Q1 2026 from - $26,290 thousand in Q1 2025 . Net cash and cash equivalents used in investing activities increased by $122,787 thousand to - $92,288 thousand in Q1 2026 from $30,499 thousand provided in Q1 2025, primarily due to increased purchases of available-for-sale securities . Net cash and cash equivalents provided by financing activities increased by $121,110 thousand to $120,943 thousand in Q1 2026 from - $167 thousand used in Q1 2025, driven by net proceeds from a registered direct offering .<h4>Unique Metrics</h4>As of March 31, 2026, total liquidity, including cash and cash equivalents and available-for-sale securities, was $435,272 thousand, an increase of $98,822 thousand from $336,450 thousand as of December 31, 2025 . The change in fair value of warrant liabilities resulted in a gain of $9,642 thousand in Q1 2026, compared to a gain of $5,879 thousand in Q1 2025 .<h4>Future Outlook and Strategy</h4>Solid Power, Inc. plans to strengthen partner relationships by executing on development objectives, including completing site acceptance testing for the SK On line by April 2026 . The company is progressing on its electrolyte development roadmap with a continuous manufacturing pilot line for sulfide electrolyte production expected to be commissioned by the end of 2026, and is exploring potential partners for commercial-scale electrolyte production in the Republic of Korea . Solid Power, Inc. aims to maintain fiscal discipline, balancing technology investments with financial prudence, and anticipates consistent quarterly operating expenses as it pursues product competitiveness and production partnerships .

Solid Power | 10-Q: FY2026 Q1 Revenue: USD 3.073 M