QuantumScape Corp (QS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 24, 2026

Risk Assessment Details

Potential Dilution: 7.66% of current shares
Recent Dilution: 31.34% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
610M
Potential Supply
47M
Additional shares possible
Splits
None
Past 2 years

Summary

QS currently has 611M outstanding shares. with limited dilution risk as only 46.8M additional shares (7.7%) are authorized for issuance. The company has significantly diluted shareholders by 31.34% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 24, 2026

10-Q filing | 611.0M shares outstanding

610M 47M
Oct 24, 2025

10-Q filing | 588.7M shares outstanding

590M 47M
Jul 25, 2025

10-Q filing | 561.7M shares outstanding

560M 47M
Apr 25, 2025

10-Q filing | 548.0M shares outstanding

550M 47M
Feb 26, 2025

10-K filing | 508.1M shares outstanding

510M 47M
Oct 25, 2024

10-Q filing | 457.8M shares outstanding

460M 47M
Jul 26, 2024

10-Q filing | 451.4M shares outstanding

450M 47M
Apr 26, 2024

10-Q filing | 444.9M shares outstanding

440M 47M
Feb 27, 2024

10-K filing | 462.2M shares outstanding

460M 47M
Oct 27, 2023

10-Q filing | 471.8M shares outstanding

470M 47M
Aug 08, 2023

8-K filing: QuantumScape Corporation completed an offering of 37,500,000 shares of Class A common stock at $8.00 per share on August 8, 2023, with underwriters having an option to purchase an additional 5,625,000 shares, resulting in net proceeds of approximately $288.7 million, or $332.1 million if the option is fully exercised. ($288.7M proceeds)

380M 47M
Jul 28, 2023

10-Q filing | 382.6M shares outstanding

380M 47M
Apr 28, 2023

10-Q filing | 373.7M shares outstanding

370M 47M
Feb 28, 2023

10-K filing | 360.5M shares outstanding

360M 47M
Oct 28, 2022

10-Q filing | 356.5M shares outstanding

360M 47M
Jul 29, 2022

S-3 filing: QuantumScape Corporation files an S-3 to offer Class A common stock, preferred stock, debt securities, depositary shares, subscription rights, and purchase contracts for up to $1,000,000,000.

340M 47M
Jul 29, 2022

10-Q filing | 349.7M shares outstanding

350M 47M
May 02, 2022

10-Q filing | 338.7M shares outstanding

340M 47M
Apr 06, 2022

POS AM filing: This prospectus relates to the resale of shares of Class A common stock of QuantumScape Corporation.

410M 47M
Apr 06, 2022

S-3/A filing: This S-3/A filing relates to the resale of 15,221,334 shares of Class A common stock by selling securityholders. QuantumScape will not receive any proceeds from the sale of these securities.

430M 47M
Feb 28, 2022

10-K filing | 95.4M shares outstanding

95M 47M
Feb 11, 2022

S-3 filing: This S-3 filing relates to the resale of 15,221,334 shares of Class A common stock of QuantumScape Corporation by selling securityholders.

430M 47M
Feb 11, 2022

POS AM filing: This prospectus relates to the resale of shares of Class A common stock of QuantumScape Corporation.

410M 47M
Oct 28, 2021

10-Q filing | 325.7M shares outstanding

330M 32M
Jul 29, 2021

10-Q filing | 305.0M shares outstanding

310M 32M
May 17, 2021

10-Q filing | 259.6M shares outstanding

260M 32M
May 17, 2021

POS AM filing: This prospectus relates to the resale of shares of Class A common stock and warrants to purchase shares of Class A common stock of QuantumScape Corporation.

250M 32M
May 10, 2021

POS AM filing: This POS AM filing relates to the resale of shares of Class A common stock and warrants to purchase shares of Class A Common Stock of QuantumScape Corporation.

270M 32M
Mar 25, 2021

POS AM filing: This filing relates to recent sales of unregistered securities, including working capital warrants, Class A common stock to PIPE subscribers, and Class A common stock to Volkswagen Group of America Investments, LLC.

250M 32M
Mar 22, 2021

S-1 filing: This is an S-1 filing detailing recent sales of unregistered securities, including working capital warrants, Class A common stock to PIPE subscribers, and Class A common stock to Volkswagen Group of America Investments, LLC.

250M 97M
Mar 04, 2021

POS AM filing: This prospectus relates to the resale of shares of Class A common stock and warrants to purchase shares of Class A Common Stock of QuantumScape Corporation.

250M 32M
Feb 23, 2021

10-K filing | 210.3M shares outstanding

210M 340M
Dec 30, 2020

S-1/A filing: This prospectus relates to the resale of shares of Class A common stock and warrants to purchase shares of Class A Common Stock of QuantumScape Corporation. The securities offered hereunder include 306,053,642 shares of Class A Common Stock and 6,650,000 warrants.

250M 340M
Dec 28, 2020

S-1/A filing: This prospectus relates to shares of Class A common stock and warrants to purchase shares of Class A Common Stock of QuantumScape Corporation as described herein, including 306,053,642 shares of Class A Common Stock and 6,650,000 warrants.

250M 340M
Dec 17, 2020

S-1 filing: This S-1 filing relates to shares of Class A common stock and warrants to purchase shares of Class A Common Stock of QuantumScape Corporation, including 305,114,065 shares of Class A Common Stock and 6,650,000 warrants.

250M 340M
Nov 16, 2020

10-Q filing | 23.0M shares outstanding

23M 32M
Sep 03, 2020

8-K filing: Kensington Capital Acquisition Corp. entered into a business combination agreement with QuantumScape Corporation, involving the issuance of 368,799,998 shares of Kensington Common Stock and a $500 million private placement of Kensington Class A Common Stock at $10.00 per share. ($500.0M proceeds)

23M 32M
Aug 06, 2020

10-Q filing | 23.0M shares outstanding

23M 32M
Jun 19, 2020

S-1/A filing: This S-1/A filing relates to an initial public offering of Kensington Capital Acquisition Corp.'s securities, including units, Class A common stock, and warrants, with the intention to list them on the NYSE and effect a business combination in the North America automotive sector.

N/A 32M
Jun 09, 2020

S-1 filing: This is an initial public offering of Kensington Capital Acquisition Corp., a blank check company, consisting of 17,500,000 units at $10.00 per unit, each unit comprising one share of Class A common stock and one-half of one redeemable warrant.

N/A 23M
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