• QuantumScape average return on tangible equity for 2024 was -37.85, a 12.31% increase from 2023.
• QuantumScape average return on tangible equity for 2023 was -33.7, a 85.88% increase from 2022.
• QuantumScape average return on tangible equity for 2022 was -18.13, a 90.18% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.