Company Analysis

Solid Power, Inc. (SLDP)

Nasdaq: SLDP · Miscellaneous Electrical Machinery, Equipment & Supplies · Louisville, CO · filing with the SEC since 2021
Grade5.6
◀ Past 6.4● Present 5.9▶ Future 4.3
1 est.

The grade of Solid Power, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.6/10
◀ Past6.430% of the headline
● Present5.940% of the headline
▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.5/10

Has it survived what it has been through?

6 warning events since 2021; the latest 2025-03-12.

weight 33% of this tense · 35th percentile among 43 sector filers · read for itself

From the record

Solid Power, Inc.'s filings since 2021 show 6 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2021-12-13); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-11-29); an auditor change (8-K item 4.01, 2 times, the latest 2025-03-12); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.2/10

What has it actually done, year after year?

+59.6% a year over 6 filed years; profitable in 1 of 6.

weight 45% of this tense · 82nd percentile among 35 sector filers · read for its customers

From the record

Solid Power, Inc.'s 6 filed years say what it did: revenue went from $2 million in fiscal 2020 to $22 million in fiscal 2025, up 59.6% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span59.6%top 20% of its family
  • the share of years revenue rosetop 6% of its family
  • the share of filed years with a profittop 40% of its family
  • the deepest fall from a revenue peak0.0%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
7.2/10

How has it treated the people who own it?

SI estimate 7.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 72nd percentile among 39 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 28% of 39 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 39 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Solid Power, Inc.'s shareholder treatment is put at 7.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 28% of 39 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.9/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.6/10

Is it financially healthy right now?

ROE -22%: lost 22¢ per shareholder dollar. Leverage 9%: owes 9¢ per asset dollar.

weight 45% of this tense · 76th percentile among 39 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Solid Power, Inc. lost about 22 cents for every dollar of shareholders' money. Leverage: it owed about 9 cents per dollar of assets, and net share issuance: its share count grew 3.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 1% of its family
  • return on equitytop 37% of its family
  • the share count against the year beforetop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.4/10

How strong is its position in its industry?

bottom 34% of 39 in its family; net margin -429.5%.

weight 33% of this tense · 34th percentile among 39 sector filers · read for its customers

From the record

Solid Power, Inc.'s standing among 39 graded names in its industry family: revenue of $22 million in fiscal 2025 ranks in the bottom 28% by size; a net margin of -429.5% ranks in the bottom 14%; revenue growth of 22.6% a year over the last 3 filed years ranks in the top 40% (its annual reports).

What it rests on

  • revenue against the family$21.7Mbottom 28% of its family
  • net margin-429.5%bottom 14% of its family
  • three-year revenue growth22.6%top 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.2/10

What are the people in charge doing?

top 38% of 24 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 62nd percentile among 24 sector filers · read for its shareholders

From the record

Solid Power, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Van, Scoter John C. (President & CEO, as filed), filing under that title since 2023-06-14, 3.4 years (top 50% of its family); most of the 12 officers and directors filing now have filed since the record of its people begins (2021-12-08), a floor of 4.5 years the record cannot see past, so that part is not read; 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 26%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 12 peopletop 26% of its family
  • the chief executive's years on the record3.4 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 39 in its family for room to expand.

weight 45% of this tense · 52nd percentile among 39 sector filers · read for itself

From the record

Solid Power, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $22 million against no long-term debt tagged leaves 4.7% of its assets as net cash, top 43% of its family; cash from operations less capital spending is -384.4% of revenue (bottom 9%); research spending of 333.4% of revenue (top 11%) (its annual report).

What it rests on

  • cash less debt against assets4.7%top 43% of its family
  • cash from operations less capital spending against revenue-384.4%bottom 9% of its family
  • research spending against revenue333.4%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.0/10

What could actually drive growth from here?

bottom 40% of 35 in its family for growth drivers.

weight 33% of this tense · 40th percentile among 35 sector filers · read for its customers

From the record

Solid Power, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.6% a year over the last three filed years against 59.6% over all 6, slowing (bottom 17% of its family); the newest year grew 8% (top 47%); research spending grew 23.4% a year (top 25%); capital spending grew -44% a year (bottom 17%) (its annual reports). Solid Power, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-36.9 points a yearbottom 17% of its family
  • the newest year's revenue growth8.0%top 47% of its family
  • three-year growth of research spending23.4%top 25% of its family
  • three-year growth of capital spending-44.0%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.9/10

Did its newest year beat what its own record pointed to?

bottom 29% of 35 in its family for expectations against reality.

weight 22% of this tense · 29th percentile among 35 sector filers · read for its shareholders

From the record

Solid Power, Inc.'s newest year against its own record: revenue of $22 million in fiscal 2025 came in 17.4% below the $26 million its prior three years' pace pointed to (bottom 39% of its family); net income of $93 million against a prior three-year average of $57 million (bottom 39%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 10%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-17.4%bottom 39% of its family
  • net income against the prior three years' average-63%bottom 39% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SLDP · research, not advice