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Get filing alertsSolid Power reports $23.8M Q2 loss with $1.2M revenue reversal, raises $121.3M equity
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue was negative $0.3M due to a $1.2M reversal of previously recognized SK On milestone revenue; net loss was $23.8M ($0.11/share). Changed assumptions about certain milestone payments drove the adjustment.
Exhibit 99.1 view on EDGAR → -
high
Raised $121.3M net proceeds from a registered direct offering in H1 2026, bringing liquidity to $419.3M (up from $336.5M at year-end 2025) with no debt.
Exhibit 99.1 view on EDGAR → -
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Completed the Line Installation Agreement milestone with SK On and received the associated payment; now negotiating a new collaboration agreement.
Exhibit 99.1 view on EDGAR → -
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Continuous electrolyte manufacturing pilot line remains on schedule: equipment acceptance testing targeted for Q3 2026, plant validation and operational startup planned for Q4 2026.
Exhibit 99.1 view on EDGAR → -
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Advanced discussions with industry partners regarding a potential joint venture for commercial-scale electrolyte production in South Korea.
Exhibit 99.1 view on EDGAR →
Summary
Solid Power disclosed second quarter 2026 results showing a $23.8 million net loss and negative revenue of $0.3 million. The negative revenue figure stems from a $1.2 million reversal of previously recognized revenue under the SK On collaboration agreement, driven by changed assumptions about certain milestone payments.
Despite completing the Line Installation Agreement milestone with SK On and receiving that payment, the company adjusted its expectations for future milestones. For the first half of 2026, revenue and grant income totaled $2.8 million. The company raised $121.3 million in net proceeds from a registered direct offering during the first half, strengthening its balance sheet to $419.3 million in liquidity with no debt.
Capital deployment continues on the continuous electrolyte manufacturing pilot line, which remains on schedule for equipment acceptance testing in Q3 and operational startup in Q4 2026. Solid Power is also negotiating a new collaboration agreement with SK On and advancing discussions with partners for a potential South Korean joint venture for commercial-scale production. The revenue reversal signals recalibrated partnership economics, though the equity raise provides runway to execute the pilot line and pursue commercial partnerships.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Solid Power issued Q2 2026 financial and operational results via press release.
Added in current filing · verify on EDGAR →
On August 4, 2026, Solid Power, Inc. (the “Company,” “Solid Power,” “we,” or “our”) issued a press release announcing its financial and operational results for the second quarter ended June 30, 2026.
Solid Power disclosed its second quarter 2026 financial and operational results through a press release. The 8-K itself does not contain the actual financial figures; those are in the attached Exhibit 99.1 press release, which is furnished but not filed.
Event · Exhibit 99.1
Solid Power reported Q2 2026 results with a $23.8M net loss, completed SK On milestone, and raised $121.3M in equity offering.
Added in current filing · view on EDGAR →
Solid Power reported revenue and grant income of ($0.3) million in the second quarter of 2026 and $2.8 million during the first half of 2026. Revenue and grant income recognized included revenue from our collaboration agreement with SK On and grant income from the assistance agreement with the U.S. Department of Energy. During the second quarter, Solid Power recorded a $1.2 million reversal of previously recognized revenue through a cumulative catch-up adjustment. The adjustment was driven by a change in our assumptions related to certain milestone payments.
Solid Power reported negative revenue of $0.3 million in Q2 2026 due to a $1.2 million reversal of previously recognized revenue. The reversal was a cumulative catch-up adjustment driven by changed assumptions about certain milestone payments under the SK On collaboration agreement. For the first half of 2026, revenue and grant income totaled $2.8 million. Second quarter 2026 operating loss was $30.3 million, and net loss was $23.8 million, or $0.11 per share.
Added in current filing · view on EDGAR →
Successfully completed the Line Installation Agreement (LIA) with SK On, receiving the associated milestone payment. Currently in negotiations for a new collaboration agreement.
Solid Power completed the Line Installation Agreement with SK On and received the associated milestone payment. The company is now negotiating a new collaboration agreement with SK On. This milestone completion demonstrates progress in the partnership, though the revenue reversal discussed elsewhere suggests changed assumptions about future milestone payments.
Added in current filing · view on EDGAR →
Execution of our continuous manufacturing pilot line remains on schedule. Installation of major equipment continues to advance in preparation for equipment acceptance testing, targeted for completion in the third quarter. Plant validation and operational startup remain planned for the fourth quarter of 2026.
The company's continuous electrolyte production pilot line remains on schedule. Equipment acceptance testing is targeted for completion in Q3 2026, with plant validation and operational startup planned for Q4 2026. Second quarter 2026 capital expenditures totaled $6.3 million, primarily for construction of this pilot line.
Added in current filing · view on EDGAR →
Advanced our discussions with industry leading partners regarding a potential joint venture for commercial-scale electrolyte production in the Republic of Korea.
Solid Power is in discussions with industry-leading partners about a potential joint venture for commercial-scale electrolyte production in South Korea. This represents progress toward the company's business model of selling electrolyte to cell manufacturers rather than manufacturing batteries itself.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify