Solid Power, Inc. (SLDP) intrinsic value & 10-year financials
Solid Power, Inc. (SLDP) has a Graham intrinsic value of $3.65 per share. At $2.01 on Oct 17, 2026, the stock trades 45% below that value. Over the last 7 fiscal years revenue grew 53.5% a year to $17.9M, with an average return on invested capital of -152.7%.
- Graham intrinsic value
- $3.65
- Share price (Oct 17, 2026)
- $2.01
- Price vs Graham value
- 45% below
- Market cap
- $359.3M
- Revenue (FY2025)
- $17.9M
- Revenue growth (7-yr CAGR)
- 53.5%
- ROIC (10-yr avg)
- -152.7%
- Free cash flow (FY2025)
- -$83.6M
SLDP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $17.9M | -$93.4M | -$0.51 | -$83.6M | -562.9% | -25.4% |
| FY2024 | $20.1M | -$96.5M | -$0.54 | -$79.8M | -523.0% | -24.2% |
| FY2023 | $17.4M | -$65.5M | -$0.37 | -$92.8M | -520.5% | -18.3% |
| FY2022 | $11.8M | -$9.6M | -$0.05 | -$92.1M | -501.5% | -20.6% |
| FY2021 | $2.7M | $18.1M | $0.11 | -$38.1M | -978.8% | -113.0% |
| FY2020 | $2.1M | -$14.4M | -$0.21 | -$11.0M | -551.3% | -714.7% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Solid Power, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Solid Power, Inc. has historically struggled to out-earn its cost of capital, averaging just -34.8% ROIC.
Solid Power, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Solid Power, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.65 per share.