QuantumScape Corporation (QS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to QuantumScape's fourth quarter and full year 2025 earnings conference call. Sam Kamara, QuantumScape's Senior Director, Investor Relations, you may begin the conference. Thank you, operator. Good afternoon and thank you to everyone for joining QuantumScape's fourth quarter 2025 earnings call. To supplement today's discussion, please go to our IR website at ir.quantumscape.com to view our shoulder letter. Before we begin, I want to call your attention to the Safe Harbor provision for forward-looking statements that is posted on our website as part of our quality update. Forward-looking statements generally relate to future events, future technology progress, or future financial or operating performance. Our expectations and beliefs regarding these matters may not materialize. Actual results and financial periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. There are risk factors that may cause actual results to differ materially from the content of our forward-looking statements for the reasons that we cite in our share of the letter, Form 10-K, and other SEC filings, including uncertainties posed by the difficulty in predicting future outcomes. Joining us today will be QuantumScape CEO, Dr. Sivar Sivaram, and our CFO, Kevin Hetrick. With that, I'd like to turn the call over to Sivar. Thank you, Sam. I would like to begin by reviewing our progress over the course of 2025. It was an extraordinary year on all fronts for QS. At the beginning of the year, we set aggressive goals for ourselves to base in the COBRA process, ship COBRA-based QSC-5 cells, install equipment for our Eagle line, and expand our commercial engagement. We are proud to report that we succeeded on all four key...