SOLID POWER, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-93.4M | $-96.5M | $-65.5M | $-9.6M | $18.1M | $-14.4M |
| Depreciation & Amortization | $18.4M | $16.5M | $12.0M | $5.2M | $2.4M | $2.1M |
| Depreciation | — | — | — | — | — | — |
| Amortization | $22.0K | $15.0K | $15.0K | $9.0K | $9.0K | $9.0K |
| Stock-Based Compensation | $9.0M | $12.0M | $10.4M | $8.7M | $2.7M | $182.0K |
| Net Cash from Operating Activities | $-73.4M | $-63.9M | $-58.3M | $-33.8M | $-25.4M | $-10.0M |
| Investing Activities | ||||||
| Capital Expenditures | $10.2M | $15.9M | $34.5M | $58.3M | $12.6M | $1.0M |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-19.9M | $64.2M | $42.5M | $-430.0M | $-88.9M | $-1.1M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | $3.6M | $9.1M | — | — | — | — |
| Net Cash from Financing Activities | $89.5M | $-9.4M | $173.0K | $485.0K | $622.8M | $5.4M |
| Net Change in Cash | $-3.8M | $-9.1M | $-15.6M | $-463.3M | $508.5M | $-5.7M |
| Free Cash Flow | $-83.6M | $-79.8M | $-92.8M | $-92.1M | $-38.1M | $-11.0M |