Solid Power Inc (NASDAQ:SLDP) Beats Q2 2025 Revenue and Earnings Estimates

Solid Power, Inc. (NASDAQ:SLDP) reported its second-quarter 2025 financial results, delivering revenue and earnings that exceeded analyst expectations. The solid-state battery developer posted revenue of $7.5 million, surpassing the consensus estimate of $6.6 million. Earnings per share (EPS) came in at -$0.14, slightly better than the anticipated -$0.1428. The market reaction has been cautiously positive, with shares rising 0.58% in after-hours trading, following a mixed performance over recent weeks—up 8.2% in the past week but down 13.8% over the last two weeks.

Key Financial Takeaways

• Revenue Beat: Q2 revenue of $7.5 million exceeded estimates by approximately 14.6%, driven primarily by the completion of factory acceptance testing under the SK On pilot cell line agreement.
• Narrower Loss: The reported EPS loss of -$0.14 was slightly better than the expected -$0.1428, though operating expenses rose to $33.4 million from $30.0 million in Q1 due to increased R&D and milestone-related costs.
• Liquidity Position: The company maintains a strong liquidity position with $279.8 million in cash and available-for-sale securities, down from $327.5 million at the end of 2024.

Operational Highlights

Solid Power continues to make progress in its partnerships and technology development:

• BMW Collaboration: BMW introduced an i7 test vehicle powered by Solid Power’s solid-state battery cells, marking a key milestone in their partnership.
• SK On Pilot Line: Factory acceptance testing for the SK On pilot cell line was completed, with site acceptance testing expected later this year.
• Electrolyte Production: The company remains on track to commission its continuous electrolyte production pilot line in 2026, with long-lead equipment already ordered.

Market Reaction and Outlook

The modest after-hours uptick suggests cautious optimism, likely fueled by the revenue beat and continued execution on key operational goals. However, the stock’s recent volatility reflects broader uncertainty around the commercialization timeline for solid-state battery technology.

Analysts project full-year 2025 revenue at $25.9 million, with an estimated EPS of -$0.5049. For Q3, expectations are set at $6.6 million in revenue and an EPS loss of -$0.1428. Solid Power did not provide explicit financial guidance but reiterated its commitment to advancing electrolyte innovation and maintaining financial discipline.

Conclusion

Solid Power’s Q2 results demonstrate progress in both technology development and commercialization efforts, though the company remains in a pre-revenue scaling phase. Investors will be watching for further validation from automotive partners and successful deployment of its electrolyte production capabilities.

For more detailed earnings estimates and historical performance, visit Solid Power’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.