$QS
QuantumScape Corp

2021 Q3 Form 10-Q Financial Statement

#000095017021002474 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $14.37M $1.540M $62.86K
YoY Change 832.79%
% of Gross Profit
Research & Development $39.47M $16.98M $12.05M
YoY Change 132.47%
% of Gross Profit
Depreciation & Amortization $3.325M
YoY Change
% of Gross Profit
Operating Expenses $53.83M $20.69M $14.23M
YoY Change 160.18%
Operating Profit -$53.83M -$20.69M -$14.23M
YoY Change 160.18%
Interest Expense $359.0K $8.947M
YoY Change -95.99%
% of Operating Profit
Other Income/Expense, Net $69.18M -$355.2M $281.0K
YoY Change -119.48%
Pretax Income $15.35M -$1.460M -$62.86K
YoY Change -1151.44%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $15.35M -$375.9M -$13.95M
YoY Change -104.08%
Net Earnings / Revenue
Basic Earnings Per Share $0.04 -$1.57 -$0.06
Diluted Earnings Per Share -$0.13 -$1.57 -$0.06
COMMON SHARES
Basic Shares Outstanding 417.8M 239.9M 239.8M
Diluted Shares Outstanding 420.6M 239.9M 239.8M

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $514.3M $1.000M $1.700M
YoY Change 51325.6%
Cash & Equivalents $346.2M $10.57M $29.18M
Short-Term Investments $168.1M
Other Short-Term Assets $8.611M $300.0K $200.0K
YoY Change 2770.33%
Inventory
Prepaid Expenses $285.1K
Receivables
Other Receivables
Total Short-Term Assets $1.552B $1.300M $2.000M
YoY Change 119310.69%
LONG-TERM ASSETS
Property, Plant & Equipment $135.7M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.07M $230.1M $230.0M
YoY Change -95.19%
Total Long-Term Assets $206.9M $230.1M $230.0M
YoY Change -10.05%
TOTAL ASSETS
Total Short-Term Assets $1.552B $1.300M $2.000M
Total Long-Term Assets $206.9M $230.1M $230.0M
Total Assets $1.759B $231.4M $232.0M
YoY Change 660.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.40M $15.24K $300.0K
YoY Change 146920.61%
Accrued Expenses $6.370M $1.156M $100.0K
YoY Change 451.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.0K $100.0K
YoY Change -100.0%
Long-Term Debt Due $152.0K
YoY Change
Total Short-Term Liabilities $36.28M $1.337M $500.0K
YoY Change 2614.12%
LONG-TERM LIABILITIES
Long-Term Debt $44.12M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $22.10M $8.100M $8.100M
YoY Change 172.86%
Total Long-Term Liabilities $66.22M $8.100M $8.100M
YoY Change 717.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.28M $1.337M $500.0K
Total Long-Term Liabilities $66.22M $8.100M $8.100M
Total Liabilities $102.5M $9.387M $8.500M
YoY Change 992.0%
SHAREHOLDERS EQUITY
Retained Earnings -$1.956B -$1.525M
YoY Change 128149.22%
Common Stock $3.612B $6.525M
YoY Change 55259.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.655B -$247.0M $123.8M
YoY Change
Total Liabilities & Shareholders Equity $1.759B $231.4M $232.0M
YoY Change 660.4%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $15.35M -$375.9M -$13.95M
YoY Change -104.08%
Depreciation, Depletion And Amortization $3.325M
YoY Change
Cash From Operating Activities -$28.87M -$680.0K -$27.61K
YoY Change 4145.15%
INVESTING ACTIVITIES
Capital Expenditures -$38.74M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$35.99M $0.00 -$230.0M
YoY Change
Cash From Investing Activities -$74.73M $0.00 -$230.0M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $25.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 46.16M -60.00K 231.8M
YoY Change -77041.67%
NET CHANGE
Cash From Operating Activities -28.87M -680.0K -27.61K
Cash From Investing Activities -74.73M 0.000 -230.0M
Cash From Financing Activities 46.16M -60.00K 231.8M
Net Change In Cash -57.43M -740.0K 1.740M
YoY Change 7660.54%
FREE CASH FLOW
Cash From Operating Activities -$28.87M -$680.0K -$27.61K
Capital Expenditures -$38.74M
Free Cash Flow $9.874M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1168000
us-gaap Share Based Compensation
ShareBasedCompensation
36010000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-801000
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001811414
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q3 us-gaap Preferred Stock Value
PreferredStockValue
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39345
dei Entity Registrant Name
EntityRegistrantName
QUANTUMSCAPE CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
85-0796578
dei Entity Address Address Line1
EntityAddressAddressLine1
1730 Technology Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
San Jose
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
95110
dei City Area Code
CityAreaCode
408
dei Local Phone Number
LocalPhoneNumber
452-2000
dei Security12b Title
Security12bTitle
Class A Common Stock, par value $0.0001 per share
dei Trading Symbol
TradingSymbol
QS
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
346156000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113216000
CY2021Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1197572000
CY2020Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
884336000
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8611000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11616000
CY2021Q3 us-gaap Assets Current
AssetsCurrent
1552339000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
1009168000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135677000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43696000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
37290000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22911000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11712000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11069000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2193000
CY2021Q3 us-gaap Assets
Assets
1759286000
CY2020Q4 us-gaap Assets
Assets
1066769000
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
22403000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5383000
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6370000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2701000
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5604000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2391000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1552000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1220000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
152000
CY2021Q3 qs Strategic Premium Short Term Liability Current
StrategicPremiumShortTermLiabilityCurrent
201000
CY2020Q4 qs Strategic Premium Short Term Liability Current
StrategicPremiumShortTermLiabilityCurrent
655000
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
36282000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12350000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22102000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11244000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
44120000
CY2020Q4 qs Assumed Common Stock Warrant Liabilities Noncurrent
AssumedCommonStockWarrantLiabilitiesNoncurrent
689699000
CY2021Q3 us-gaap Liabilities
Liabilities
102504000
CY2020Q4 us-gaap Liabilities
Liabilities
713293000
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1694000
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1704000
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1250000000
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1250000000
CY2020Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16977000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
104708000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
42373000
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14365000
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
42000
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
36000
CY2021Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3612054000
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2329406000
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-629000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-31000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1956379000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1977639000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1655088000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
351772000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1759286000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1066769000
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39467000
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3713000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43421000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8460000
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
53832000
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
20690000
us-gaap Operating Expenses
OperatingExpenses
148129000
us-gaap Operating Expenses
OperatingExpenses
50833000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-53832000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-20690000
us-gaap Operating Income Loss
OperatingIncomeLoss
-148129000
us-gaap Operating Income Loss
OperatingIncomeLoss
-50833000
CY2021Q3 us-gaap Interest Expense
InterestExpense
359000
CY2020Q3 us-gaap Interest Expense
InterestExpense
8947000
us-gaap Interest Expense
InterestExpense
597000
us-gaap Interest Expense
InterestExpense
8947000
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
605000
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
143000
us-gaap Investment Income Interest
InvestmentIncomeInterest
1201000
us-gaap Investment Income Interest
InvestmentIncomeInterest
962000
CY2021Q3 qs Change In Fair Value Of Assumed Common Stock Warrant Liabilities
ChangeInFairValueOfAssumedCommonStockWarrantLiabilities
-68934000
qs Change In Fair Value Of Assumed Common Stock Warrant Liabilities
ChangeInFairValueOfAssumedCommonStockWarrantLiabilities
-168674000
CY2020Q3 qs Change In Fair Value Of Convertible Preferred Stock Tranche Liabilities
ChangeInFairValueOfConvertiblePreferredStockTrancheLiabilities
-347120000
qs Change In Fair Value Of Convertible Preferred Stock Tranche Liabilities
ChangeInFairValueOfConvertiblePreferredStockTrancheLiabilities
-347120000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
760000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
101000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
760000
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
69183000
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-355164000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
169379000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-354345000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
15351000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-375854000
us-gaap Profit Loss
ProfitLoss
21250000
us-gaap Profit Loss
ProfitLoss
-405178000
CY2021Q3 qs Net Income Loss Tax Portion Attributable To Noncontrolling Interest
NetIncomeLossTaxPortionAttributableToNoncontrollingInterest
0
CY2020Q3 qs Net Income Loss Tax Portion Attributable To Noncontrolling Interest
NetIncomeLossTaxPortionAttributableToNoncontrollingInterest
0
qs Net Income Loss Tax Portion Attributable To Noncontrolling Interest
NetIncomeLossTaxPortionAttributableToNoncontrollingInterest
0
qs Net Income Loss Tax Portion Attributable To Noncontrolling Interest
NetIncomeLossTaxPortionAttributableToNoncontrollingInterest
0
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-10000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-6000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
15351000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-375853000
us-gaap Net Income Loss
NetIncomeLoss
21260000
us-gaap Net Income Loss
NetIncomeLoss
-405172000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
15351000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-375854000
us-gaap Profit Loss
ProfitLoss
21250000
us-gaap Profit Loss
ProfitLoss
-405178000
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
65000
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-107000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-598000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-50000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
15416000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-375961000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
20652000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-405228000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-10000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-6000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15416000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-375960000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20662000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-405222000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.69
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.69
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
417829000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
239922000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
397370000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
239838000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
420649000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239922000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
404369000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239838000
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1694000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1506431000
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1880000
CY2021Q3 qs Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
118634000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12727000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
15351000
CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
65000
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1694000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1655088000
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1704000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
351772000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11332000
qs Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
672456000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
36010000
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-10000
us-gaap Net Income Loss
NetIncomeLoss
21260000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-598000
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1694000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1655088000
CY2020Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1705000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
123826000
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
306000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4871000
CY2020Q3 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-1000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-375853000
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-107000
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1704000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-246957000
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1710000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
148692000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
320000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9253000
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-6000
us-gaap Net Income Loss
NetIncomeLoss
-405172000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-50000
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1704000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-246957000
us-gaap Profit Loss
ProfitLoss
21250000
us-gaap Profit Loss
ProfitLoss
-405178000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7632000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4716000
qs Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1177000
qs Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
915000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1413000
us-gaap Share Based Compensation
ShareBasedCompensation
9253000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
8947000
qs Change In Fair Value Of Convertible Preferred Stock Tranche Liabilities
ChangeInFairValueOfConvertiblePreferredStockTrancheLiabilities
-347120000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2419000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
491000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7361000
qs Change In Fair Value Of Assumed Common Stock Warrant Liabilities
ChangeInFairValueOfAssumedCommonStockWarrantLiabilities
-168674000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-223000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1193000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-9055000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-212000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-83302000
qs Proceeds From Finance Lease Net Of Principal Payment
ProceedsFromFinanceLeaseNetOfPrincipalPayment
5210000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34114000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
82396000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
729813000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2171000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13912000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
611005000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
88000000
qs Proceeds From Sales Of Marketable Securities
ProceedsFromSalesOfMarketableSecurities
172293000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1106167000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
50633000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-405265000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
23455000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11332000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
320000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
151431000
qs Payment Of Business Combination Share Issuance Costs
PaymentOfBusinessCombinationShareIssuanceCosts
1016000
qs Payment Of Business Combination Share Issuance Costs
PaymentOfBusinessCombinationShareIssuanceCosts
2283000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
462926000
qs Proceeds From Issuance Of Class A Common Stock Pursuant To Legacy Quantum Scape Series F Preferred Stock Purchase Agreement Net Of Issuance Costs
ProceedsFromIssuanceOfClassACommonStockPursuantToLegacyQuantumScapeSeriesFPreferredStockPurchaseAgreementNetOfIssuanceCosts
99930000
qs Proceeds From Issuance Of Class A Common Stock Pursuant To Legacy Quantum Scape Series F Preferred Stock Purchase Agreement Net Of Issuance Costs
ProceedsFromIssuanceOfClassACommonStockPursuantToLegacyQuantumScapeSeriesFPreferredStockPurchaseAgreementNetOfIssuanceCosts
-208000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
241246000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12830000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115410000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25596000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
356656000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12766000
us-gaap Interest Paid Net
InterestPaidNet
238000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21724000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3003000
qs Business Combination Expense Accrued But Not Paid
BusinessCombinationExpenseAccruedButNotPaid
1801000
qs Convertible Preferred Stock Issuance Cost Accrued But Not Paid
ConvertiblePreferredStockIssuanceCostAccruedButNotPaid
111000
qs Fair Value Of Assumed Common Stock Warrants Exercised
FairValueOfAssumedCommonStockWarrantsExercised
521025000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
346156000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10573000
CY2021Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
10500000
CY2020Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2193000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
356656000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12766000
CY2021Q3 qs Goodwill Or Other Intangible Assets
GoodwillOrOtherIntangibleAssets
0
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;"> </span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The preparation of the condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements as well as reported amounts of expenses during the reporting periods. Estimates made by the Company include, but are not limited to, those related to the valuation of common stock prior to the Business Combination, valuation of convertible preferred stock warrants, valuation of convertible preferred stock tranche liabilities, and valuation of Assumed Common Stock Warrants among others. The Company bases these estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from those estimates.</span>
CY2018Q3 qs Number Of Operating Agreements Of Joint Venture Parties
NumberOfOperatingAgreementsOfJointVentureParties
2
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.3;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Concentrations of Credit Risk</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;"> </span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents and marketable securities. As of September 30, 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> and December 31, 2020, approximately $</span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">170.3</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> million and $</span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">12.2</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> million of our total cash and cash equivalents and marketable securities, are held in U.S. money market funds, and $</span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">801.4</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> million and $</span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">977.3</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> million are invested in U.S. government and agency securities, respectively. The Company seeks to mitigate its credit risk with respect to cash and cash equivalents and marketable securities by making deposits with large, reputable financial institutions and investing in high credit rated shorter-term instruments.</span>
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
10500000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
2200000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
0
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2020Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
411714000
CY2020Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
1350000000
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
us-gaap Common Stock Voting Rights
CommonStockVotingRights
The holder of each share of Class A Common Stock is entitled to one vote, and the holder of each share of Class B Common Stock is entitled to ten votes.
CY2021Q3 us-gaap Marketable Securities
MarketableSecurities
168100000
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
105200000
qs Number Of Marketable Securities
NumberOfMarketableSecurities
84
CY2020 qs Number Of Marketable Securities
NumberOfMarketableSecurities
12
qs Marketable Securities In Unrealized Loss Position
MarketableSecuritiesInUnrealizedLossPosition
669100000
CY2020 qs Marketable Securities In Unrealized Loss Position
MarketableSecuritiesInUnrealizedLossPosition
419200000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0
CY2021Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
51000000.0
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
173300000
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
1124807000
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
1124813000
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
411079000
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
1536521000
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
175308000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
76006000
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue
1535892000
CY2021Q2 us-gaap Lessee Finance Lease Existence Of Option To Extend
LesseeFinanceLeaseExistenceOfOptionToExtend
true
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
848000
CY2021Q2 qs Number Of Finance Lease Renewal Options
NumberOfFinanceLeaseRenewalOptions
2
CY2021Q2 us-gaap Lessee Finance Lease Renewal Term1
LesseeFinanceLeaseRenewalTerm1
P5Y
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
39631000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
32310000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135677000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43696000
CY2021Q3 qs Depreciation And Amortization Of Property And Equipment
DepreciationAndAmortizationOfPropertyAndEquipment
2900000
CY2020Q3 qs Depreciation And Amortization Of Property And Equipment
DepreciationAndAmortizationOfPropertyAndEquipment
2100000
qs Depreciation And Amortization Of Property And Equipment
DepreciationAndAmortizationOfPropertyAndEquipment
8100000
qs Depreciation And Amortization Of Property And Equipment
DepreciationAndAmortizationOfPropertyAndEquipment
5200000
qs Lessee Operating Lease Expiration Year
LesseeOperatingLeaseExpirationYear
2032
CY2021Q2 qs Lessee Operating Lease Extension Of Lease Term Month And Year
LesseeOperatingLeaseExtensionOfLeaseTermMonthAndYear
2032-09
CY2021Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P60M
CY2021Q2 qs Area Of Rentable Space Lease
AreaOfRentableSpaceLease
197000
CY2021Q2 qs Lessee Operating Lease Extension Of Lease Term Month And Year
LesseeOperatingLeaseExtensionOfLeaseTermMonthAndYear
2032-09
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1413000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
359000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
597000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
696000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
535000
us-gaap Operating Lease Cost
OperatingLeaseCost
1921000
us-gaap Operating Lease Cost
OperatingLeaseCost
1607000
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
104000
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
104000
us-gaap Variable Lease Cost
VariableLeaseCost
322000
us-gaap Variable Lease Cost
VariableLeaseCost
305000
CY2021Q3 us-gaap Lease Cost
LeaseCost
2007000
CY2020Q3 us-gaap Lease Cost
LeaseCost
639000
us-gaap Lease Cost
LeaseCost
4253000
us-gaap Lease Cost
LeaseCost
1912000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
238000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
166000
qs Proceeds From Finance Lease
ProceedsFromFinanceLease
5376000
us-gaap Operating Lease Payments
OperatingLeasePayments
1751000
us-gaap Operating Lease Payments
OperatingLeasePayments
1494000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
38703000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12376000
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0370
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0370
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
17010000
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Due After Year Five
FinanceLeaseLiabilityPaymentsNetOfReimbursementsDueAfterYearFive
33632000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29294000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
590000
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Due Year Three
FinanceLeaseLiabilityPaymentsNetOfReimbursementsDueYearThree
5131000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2639000
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Due Year Four
FinanceLeaseLiabilityPaymentsNetOfReimbursementsDueYearFour
5272000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2718000
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Due Year Five
FinanceLeaseLiabilityPaymentsNetOfReimbursementsDueYearFive
5417000
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0700
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsNetOfReimbursementsRemainderOfFiscalYear
-204000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2424000
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Due Next Twelve Months
FinanceLeaseLiabilityPaymentsNetOfReimbursementsDueNextTwelveMonths
2419000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1325000
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Due Year Two
FinanceLeaseLiabilityPaymentsNetOfReimbursementsDueYearTwo
3751000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2588000
CY2021Q3 qs Finance Lease Liability Payments Net Of Reimbursements Due
FinanceLeaseLiabilityPaymentsNetOfReimbursementsDue
55418000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5640000
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
11146000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
23654000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
44272000
CY2021Q1 qs Number Of Shareholder Derivative Suit Filed
NumberOfShareholderDerivativeSuitFiled
2
CY2021Q1 qs Number Of Officers And Directors In Shareholder Derivative Suit
NumberOfOfficersAndDirectorsInShareholderDerivativeSuit
11
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0
CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
18149989
CY2021Q3 qs Change In Fair Value Of Assumed Common Stock Warrant Liabilities
ChangeInFairValueOfAssumedCommonStockWarrantLiabilities
-68900000
qs Change In Fair Value Of Assumed Common Stock Warrant Liabilities
ChangeInFairValueOfAssumedCommonStockWarrantLiabilities
-168700000
CY2021Q3 qs Common Stock Warrants Liability
CommonStockWarrantsLiability
0
CY2021Q3 qs Shares Authorized
SharesAuthorized
1350000000
CY2020Q4 qs Shares Authorized
SharesAuthorized
1350000000
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
us-gaap Common Stock Voting Rights
CommonStockVotingRights
The holder of each share of Class A Common Stock is entitled to one vote, and the holder of each share of Class B Common Stock is entitled to ten votes.
CY2021Q3 qs Change In Fair Value Of Series F Convertible Preferred Stock Tranche Liabilities
ChangeInFairValueOfSeriesFConvertiblePreferredStockTrancheLiabilities
347100000
qs Change In Fair Value Of Series F Convertible Preferred Stock Tranche Liabilities
ChangeInFairValueOfSeriesFConvertiblePreferredStockTrancheLiabilities
347100000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
55316336
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.62
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M7D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
366724
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.34
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
11772597
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.96
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
43177015
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.79
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M18D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
982290000
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
34924317
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.43
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y11M8D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
807099000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
qs Share Based Compensation Arrangement By Share Based Payment Award Options Grated In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGratedInPeriodFairValue
19600000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.08
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
355000000.0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1600000
CY2021Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
43177015
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.79
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y6M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
15200000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12727000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4871000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36010000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9253000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15351000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-375853000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21260000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-405172000
CY2021Q3 qs Change In Fair Value Of Assumed Common Stock Warrant Liabilities
ChangeInFairValueOfAssumedCommonStockWarrantLiabilities
-68934000
qs Change In Fair Value Of Assumed Common Stock Warrant Liabilities
ChangeInFairValueOfAssumedCommonStockWarrantLiabilities
-168674000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-53583000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-375853000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-147414000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-405172000
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2820000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6999000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
54175000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
71235000
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1704000
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1704000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-10000
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1694000
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1710000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-6000

Files In Submission

Name View Source Status
0000950170-21-002474-index-headers.html Edgar Link pending
0000950170-21-002474-index.html Edgar Link pending
0000950170-21-002474.txt Edgar Link pending
0000950170-21-002474-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
qs-20210930.htm Edgar Link pending
qs-20210930.xsd Edgar Link pending
qs-20210930_cal.xml Edgar Link unprocessable
qs-20210930_def.xml Edgar Link unprocessable
qs-20210930_htm.xml Edgar Link completed
qs-20210930_lab.xml Edgar Link unprocessable
qs-20210930_pre.xml Edgar Link unprocessable
qs-ex31_1.htm Edgar Link pending
qs-ex31_2.htm Edgar Link pending
qs-ex32_1.htm Edgar Link pending
qs-ex32_2.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending