Solid Power, Inc. (SLDP) Balance Sheet
SLDP balance sheet, 2025
December 31, 2025 · U.S. dollars$455.1M assets = $38.9M liabilities + $416.2M equity
Both columns are drawn to the same scale: what SLDP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SLDP financial health
Descriptive bands, not a rating. Fiscal 2025.
SLDP balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.8M2019 | $455.1M2025 | +67.2%/yr | |
| Total liabilities | $7.9M2019 | $38.9M2025 | +30.3%/yr | |
| Shareholders’ equity | $12.9M2019 | $416.2M2025 | +78.4%/yr | |
| Cash & short-term investments | $10.6M2019 | $250.8M2025 | +69.3%/yr | |
| Total debt | $6.4M2019 | $8.0M2025 | +3.7%/yr | |
| Net cash (debt) | $4.2M2019 | $242.8M2025 | +$238.6M | |
| Working capital | $9.5M2019 | $250.6M2025 | +$241.2M | |
| Book value per share | $0.082019 | $2.252025 | +75.5%/yr | |
| Debt / equity | 0.502019 | 0.022025 | −0.48 | |
| Shares outstanding | 167.6M2019 | 184.9M2025 | +1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SLDP assets
SLDP liabilities and equity
SLDP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SLDP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $250.8M | $118.2M | $176.0M | $323.1M | $589.3M | $5.0M | $10.6M |
| Cash & equivalents | $21.6M | $25.4M | $34.5M | $50.1M | $513.4M | $5.0M | $10.6M |
| Short-term investments | $229.2M | $92.8M | $141.5M | $273.0M | $75.9M | $0 | — |
| Receivables | $9.6M | $1.4M | $1.6M | $1.8M | $829,000 | $277,000 | $272,167 |
| Inventory | $0 | $0 | $1 | $0 | $1 | $1 | $0 |
| Other current assets | $7.0M | $5.6M | $5.5M | $2.9M | $4.2M | $226,999 | $250,050 |
| Total current assets | $267.4M | $125.2M | $183.1M | $327.8M | $594.4M | $5.5M | $11.2M |
| Property, plant & equipment (net) | $93.0M | $105.6M | $107.4M | $91.4M | $22.1M | $8.5M | $9.5M |
| Goodwill & intangible assets | $2.2M | $2.1M | $1.6M | $1.1M | $619,000 | $248,000 | $216,582 |
| Long-term investments | $87.0M | $210.4M | $239.6M | $173.0M | $0 | $0 | $0 |
| Other non-current assets | $5.5M | $5.0M | $1.1M | $1.1M | $602,000 | $0 | $0 |
| Total assets | $455.1M | $448.2M | $532.8M | $594.4M | $617.7M | $14.2M | $20.8M |
| Liabilities | |||||||
| Accounts payable | $8.5M | $8.1M | $6.5M | $11.3M | $4.3M | $202,000 | $256,653 |
| Short-term debt | $861,000 | $1.1M | $1.0M | $829,000 | $120,000 | $1.2M | $676,196 |
| Deferred revenue | $370,000 | $3.1M | $829,000 | $4.0M | $500,000 | $38,000 | $459,389 |
| Total current liabilities | $16.8M | $20.0M | $15.9M | $20.7M | $8.4M | $1.8M | $1.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $10,000 | $5.1M | $5.7M |
| Lease obligations | $8.0M | $9.4M | $9.6M | $10.0M | $0 | — | — |
| Other long-term liabilities | $22.1M | $18.0M | $13.6M | $18.3M | $50.6M | $3.4M | $515,880 |
| Total liabilities | $38.9M | $37.9M | $29.5M | $39.1M | $59.0M | $10.3M | $7.9M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $20,000 | $18,000 | $18,000 | $18,000 | $17,000 | $7,000 | $721 |
| Retained earnings (deficit) | −$274.9M | −$181.2M | −$84.6M | −$19.1M | −$9.5M | −$27.6M | −$16.2M |
| Accumulated other comprehensive income | $354,000 | $39,000 | −$559,000 | −$3.2M | $0 | −$31.5M | $0 |
| Total shareholders' equity | $416.2M | $410.3M | $503.3M | $555.4M | $558.7M | $3.9M | $12.9M |
| Key figures | |||||||
| Total debt | $8.0M | $9.4M | $9.6M | $10.1M | $130,000 | $6.3M | $6.4M |
| Net cash (debt) | $242.8M | $108.8M | $166.5M | $313.0M | $589.2M | −$1.4M | $4.2M |
| Working capital | $250.6M | $105.3M | $167.2M | $307.1M | $586.0M | $3.6M | $9.5M |
| Tangible book value | $414.0M | $408.2M | $501.7M | $554.3M | $558.0M | $3.6M | $12.7M |
| Book value per share | $2.25 | $2.29 | $2.83 | $3.18 | $3.33 | $0.06 | $0.08 |
| Shares outstanding | 184.9M | 179.4M | 178.0M | 174.4M | 167.6M | 69.9M | 167.6M |
| Current ratio | 15.92 | 6.27 | 11.53 | 15.81 | 71.05 | 2.97 | 6.62 |
| Quick ratio | 15.51 | 5.99 | 11.18 | 15.67 | 70.54 | 2.85 | 6.48 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 1.64 | 0.50 |
| Equity / assets | 91.4% | 91.5% | 94.5% | 93.4% | 90.4% | 27.3% | 61.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $242.4M | $255.4M | $250.8M | $251.2M | $230.9M | $240.9M | $118.2M | $132.0M | $140.5M | $146.6M | $176.0M | $193.5M |
| Cash & equivalents | $24.3M | $31.5M | $47.3M | $47.3M | $26.2M | $29.5M | $25.4M | $38.0M | $30.6M | $14.0M | $34.5M | $27.5M |
| Short-term investments | $218.2M | $223.9M | $203.9M | $203.9M | $204.7M | $211.5M | $92.8M | $94.0M | $109.9M | $132.6M | $141.5M | $166.0M |
| Receivables | $3.2M | $12.7M | $2.2M | $7.2M | $4.6M | $2.2M | $1.4M | $2.6M | $12.3M | $14.3M | $1.6M | $8.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 | $1 |
| Other current assets | $5.8M | $6.6M | $14.5M | $3.7M | $4.1M | $6.1M | $5.6M | $5.3M | $8.0M | $9.7M | $5.5M | $3.2M |
| Total current assets | $251.4M | $274.7M | $267.4M | $262.2M | $239.7M | $249.3M | $125.2M | $139.9M | $160.8M | $170.6M | $183.1M | $205.0M |
| Property, plant & equipment (net) | $90.5M | $91.4M | $93.0M | $96.0M | $99.2M | $102.0M | $105.6M | $107.5M | $107.6M | $107.6M | $107.4M | $107.6M |
| Goodwill & intangible assets | $2.2M | $2.2M | $2.1M | $2.1M | $2.7M | $2.5M | $2.1M | $2.0M | $1.9M | $1.8M | $1.6M | $1.5M |
| Long-term investments | $177.9M | $181.0M | $87.0M | $50.4M | $50.7M | $59.7M | $210.4M | $216.1M | $218.3M | $232.3M | $239.6M | $228.8M |
| Other non-current assets | $5.2M | $5.4M | $8.3M | $5.5M | $5.7M | $5.9M | $5.0M | $5.4M | $4.0M | $3.9M | $1.1M | $1.1M |
| Total assets | $527.1M | $554.7M | $457.8M | $416.1M | $398.0M | $419.4M | $448.2M | $470.9M | $492.6M | $516.2M | $532.8M | $543.9M |
| Liabilities | ||||||||||||
| Accounts payable | $7.0M | $12.4M | $8.3M | $9.4M | $6.0M | $6.4M | $8.1M | — | $7.3M | $7.9M | $6.5M | $6.3M |
| Short-term debt | $913,000 | $1.0M | $1.0M | $836,000 | $812,000 | $866,000 | $1.1M | $1.0M | $1.0M | $1.0M | $1.0M | $948,000 |
| Deferred revenue | $1.2M | $370,000 | $198,000 | $436,000 | $361,000 | — | $3.1M | $6.7M | $10.1M | $3.1M | $829,000 | −$6.3M |
| Total current liabilities | $17.2M | $17.1M | $16.8M | $16.6M | $12.4M | $10.4M | $20.0M | $20.3M | $22.9M | $18.2M | $15.9M | $12.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $7.5M | $7.8M | $8.0M | $8.2M | $8.4M | $8.7M | $9.4M | $8.8M | $9.1M | $9.3M | $9.6M | $9.7M |
| Other long-term liabilities | $7.7M | $12.2M | $24.8M | $18.0M | $14.8M | $11.8M | $18.0M | $11.1M | $12.9M | $18.6M | $13.6M | $14.3M |
| Total liabilities | $25.3M | $29.3M | $41.6M | $34.6M | $27.2M | $22.3M | $37.9M | $31.4M | $35.8M | $36.8M | $29.5M | $26.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $23,000 | $22,000 | $20,000 | $19,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 |
| Retained earnings (deficit) | −$311.6M | −$287.8M | −$274.9M | −$247.7M | −$221.7M | −$196.3M | −$181.2M | −$150.5M | −$128.1M | −$105.8M | −$84.6M | −$65.6M |
| Accumulated other comprehensive income | −$1.6M | −$1.1M | $354,000 | $385,000 | $225,000 | $212,000 | $39,000 | $909,000 | −$1.1M | −$1.1M | −$559,000 | −$3.2M |
| Total shareholders' equity | $501.7M | $525.5M | $415.7M | $381.5M | $370.8M | $397.1M | $410.3M | $439.4M | $456.8M | $479.4M | $503.3M | $517.6M |
| Key figures | ||||||||||||
| Total debt | $7.5M | $8.0M | $8.3M | $8.2M | $8.4M | $8.7M | $9.4M | $8.8M | $9.1M | $9.3M | $9.6M | $9.7M |
| Net cash (debt) | $234.9M | $247.4M | $242.5M | $243.0M | $222.5M | $232.3M | $108.8M | $123.2M | $131.5M | $137.3M | $166.5M | $183.8M |
| Working capital | $234.2M | $257.7M | $250.6M | $245.6M | $227.3M | $238.8M | $105.3M | $119.6M | $137.9M | $152.3M | $167.2M | $193.0M |
| Tangible book value | $499.6M | $523.3M | $413.6M | $379.4M | $368.1M | $394.6M | $408.2M | $437.5M | $454.9M | $477.6M | $501.7M | $516.1M |
| Book value per share | $2.22 | $2.42 | $2.25 | $2.09 | $2.06 | $2.19 | $2.28 | $2.45 | $2.57 | $2.65 | $2.83 | $2.90 |
| Shares outstanding | 226.0M | 217.3M | 184.9M | 182.4M | 180.3M | 181.4M | 179.9M | 179.2M | 177.6M | 180.8M | 178.0M | 178.4M |
| Current ratio | 14.61 | 16.11 | 15.92 | 15.78 | 19.33 | 23.90 | 6.27 | 6.88 | 7.01 | 9.35 | 11.53 | 17.12 |
| Quick ratio | 14.27 | 15.72 | 15.06 | 15.56 | 19.00 | 23.32 | 5.99 | 6.62 | 6.66 | 8.82 | 11.18 | 16.85 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Equity / assets | 95.2% | 94.7% | 90.8% | 91.7% | 93.2% | 94.7% | 91.5% | 93.3% | 92.7% | 92.9% | 94.5% | 95.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
SLDP financial position
At the end of fiscal 2025 (December 31, 2025), Solid Power had total assets of $455.1 million (up 1.5% from a year earlier), total liabilities of $38.9 million and shareholders' equity of $416.2 million. It held $250.8 million in cash and short-term investments against $8.0 million of debt, a net cash position of $242.8 million. Its current ratio was 15.92. In the latest quarter (ended June 30, 2026) total assets were $527.1 million and equity $501.7 million.
Related: SLDP income statement, SLDP cash flow statement, SLDP key metrics. See the SLDP stock overview for the latest quote and news.
SLDP balance sheet FAQ
What are Solid Power's total assets?
Solid Power reported total assets of $455.1 million at the end of fiscal 2025 (December 31, 2025), compared with $448.2 million a year earlier.
How much debt does Solid Power have?
Solid Power had $8.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does Solid Power have?
Solid Power held $250.8 million in cash and short-term investments at the end of fiscal 2025; with $8.0 million of debt that is net cash of $242.8 million.
What is Solid Power's book value?
Solid Power's shareholders' equity (book value) was $416.2 million at the end of fiscal 2025, or $2.25 per share.
What is Solid Power's current ratio?
Solid Power had current assets of $267.4 million and current liabilities of $16.8 million, a current ratio of 15.92 (it can cover its short-term obligations).
How much goodwill does Solid Power have?
Solid Power carried $2.2 million of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2025.