QuantumScape(QS) - 2025 Q4 - Annual Results

Exhibit 99.1 Q4 FISCAL 2025 LETTER TO SHAREHOLDERS Dear shareholders, We are pleased to provide you with a review of our activities over the course of 2025 and lay out our goals for the year ahead. 2025 Year in Review 2025 was an extraordinary year on all fronts for QS. At the beginning of the year, we set aggressive goals for ourselves: to baseline the Cobra process, ship Cobra-based QSE-5 cells, install equipment for our Eagle Line, and expand our commercial engagements. We're proud to report that we succ ...