SES AI Corporation financials
Source: EDGAR filings · Built 2026-06-04T02:30:07Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -61.22M | -78.29M | -72.17M | -61.15M | -38.94M | -11.99M |
| EBITDA | -72.32M | -100.94M | -72.62M | -76.98M | -30.34M | -12.20M |
| Working Capital | 192.12M | 254.09M | 328.27M | 377.28M | 158.99M | -420.86K |
| Net Debt | -20.60M | -118.23M | -71.95M | -94.56M | — | — |
| Gross Margin | 53.84% | 63.14% | — | — | — | — |
| Operating Margin | -393.40% | -5355.29% | — | — | — | — |
| Net Margin | -347.81% | -4911.03% | — | — | — | — |
| Return on Equity (ROE) | -34.01% | -36.00% | -14.88% | -13.02% | 35.39% | 22.38% |
| Return on Assets (ROA) | -26.79% | -30.38% | -13.13% | -11.58% | -16.16% | -2418.38% |
| Current Ratio | 8.95× | 12.14× | 17.13× | 20.49× | 15.47× | 0.28× |
| Debt-to-Equity | 0.04× | 0.04× | 0.04× | 0.03× | — | — |
| Effective Tax Rate | -0.32% | -0.19% | 1.57% | -2.52% | -0.08% | -0.05% |
| Cash Conversion Ratio | 0.80× | 0.66× | 1.06× | 0.91× | 0.96× | 0.79× |
| Accruals Ratio | -0.05× | -0.10× | 0.01× | -0.01× | -0.01× | -5.01× |
| SBC % of Revenue | 52.24% | 977.21% | — | — | — | — |
| CapEx Coverage | -20.42× | -5.41× | -3.58× | -3.17× | -3.35× | -11.21× |
| Free Cash Flow Per Share | $-0.18 | $-0.24 | $-0.23 | $-0.21 | $-0.64 | $-0.20 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 21.00M | 2.04M | — | — | — | — |
| Cost of Revenue | 9.69M | 752.00K | — | — | — | — |
| Gross Profit | 11.31M | 1.29M | — | — | — | — |
| Research and Development Expense | 67.05M | 72.14M | 30.68M | 27.97M | 15.51M | 9.44M |
| Operating Expenses | 93.92M | 110.54M | 78.16M | 79.57M | 32.01M | 13.90M |
| Operating Income (Loss) | -82.61M | -109.25M | -78.16M | -79.57M | -32.01M | -13.90M |
| Income Tax Expense (Benefit) | 231.00K | 188.00K | -853.00K | 1.25M | 25.00K | 7.00K |
| Net Income (Loss) Attributable to Parent | -73.04M | -100.19M | -53.40M | -50.99M | -31.25M | -13.89M |
| Earnings Per Share, Basic | $-0.22 | $-0.31 | $-0.17 | $-0.18 | $-0.51 | $-0.23 |
| Weighted Average Number of Shares Outstanding, Basic | 330.92M | 321.82M | 315.05M | 288.30M | 61.09M | 60.78M |
| Earnings Per Share, Diluted | $-0.22 | $-0.31 | $-0.17 | $-0.18 | $-0.51 | $-0.23 |
| Weighted Average Number of Shares Outstanding, Diluted | 330.92M | 321.82M | 315.05M | 288.30M | 61.09M | 60.78M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 29.54M | 128.80M | 85.67M | 106.62M | 160.50M | 161.27K |
| Assets, Current | 216.28M | 276.90M | 348.63M | 396.64M | 169.97M | 161.27K |
| Assets | 272.65M | 329.79M | 406.81M | 440.44M | 193.35M | 574.31K |
| Liabilities, Current | 24.16M | 22.82M | 20.36M | 19.36M | 10.98M | 582.13K |
| Liabilities | 57.89M | 51.48M | 47.86M | 48.90M | 11.73M | 582.13K |
| Stockholders' Equity Attributable to Parent | 214.75M | 278.31M | 358.95M | 391.54M | -88.32M | -62.07M |
| Common Stock, Shares, Outstanding | 365.43M | 361.56M | 354.15M | 349.71M | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -58.36M | -66.09M | -56.41M | -46.50M | -29.99M | -11.01M |
| Payments to Acquire Property, Plant, and Equipment | 2.86M | 12.21M | 15.76M | 14.65M | 8.95M | 982.00K |
| Net Cash Provided by (Used in) Investing Activities | -39.19M | 108.19M | 32.72M | -296.01M | 3.31M | -13.27M |
| Payments for Repurchase of Common Stock | 1.60M | — | — | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -1.96M | 1.01M | 3.27M | 289.93M | 184.76M | 840.00K |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -20.13M | -11.12M | -50.10M | -35.37M | -23.75M | -12.53M |
| EBITDA | -15.19M | -15.06M | — | — | -20.76M | -26.72M |
| Working Capital | 171.33M | 192.12M | 202.36M | 223.46M | 239.69M | 254.09M |
| Net Debt | -39.22M | -20.60M | -24.89M | -2.45M | -46.52M | -118.23M |
| Gross Margin | 18.10% | 11.27% | 51.08% | 73.72% | 78.66% | — |
| Operating Margin | -266.26% | -387.66% | -262.00% | -652.31% | -401.74% | — |
| Net Margin | -180.27% | -373.45% | -293.90% | -642.22% | -214.60% | — |
| Return on Equity (ROE) | -5.95% | -7.93% | -9.17% | -9.09% | -4.61% | -12.41% |
| Return on Assets (ROA) | -4.77% | -6.25% | -7.24% | -7.80% | -4.06% | -10.47% |
| Current Ratio | 6.86× | 8.95× | 8.23× | 12.46× | 15.61× | 12.14× |
| Debt-to-Equity | 0.04× | 0.04× | 0.05× | 0.04× | 0.04× | 0.04× |
| Effective Tax Rate | -3.54% | 1.92% | 0.51% | -3.04% | -0.03% | 0.70% |
| Cash Conversion Ratio | 1.64× | 0.61× | 2.29× | 1.49× | 1.84× | 0.36× |
| Accruals Ratio | 0.03× | -0.02× | 0.09× | 0.04× | 0.03× | -0.07× |
| SBC % of Revenue | 31.53% | 46.19% | 124.53% | 189.57% | 68.58% | — |
| CapEx Coverage | -60.00× | -14.62× | -22.35× | -19.57× | -24.93× | -52.76× |
| Free Cash Flow Per Share | $-0.06 | $-0.03 | $-0.15 | $-0.11 | $-0.07 | $-0.04 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.71M | 4.56M | 7.12M | 3.53M | 5.79M | — |
| Cost of Revenue | 5.50M | 4.05M | 3.48M | 927.00K | 1.24M | — |
| Gross Profit | 1.22M | 514.00K | 3.64M | 2.60M | 4.56M | — |
| Research and Development Expense | 11.03M | 11.82M | 15.63M | 19.09M | 20.51M | 20.88M |
| Operating Expenses | 19.08M | 18.20M | 22.29M | 25.61M | 27.83M | 30.42M |
| Operating Income (Loss) | -17.87M | -17.68M | -18.65M | -23.01M | -23.27M | -29.13M |
| Income Tax Expense (Benefit) | 414.00K | -333.00K | -108.00K | 668.00K | 4.00K | -243.00K |
| Net Income (Loss) Attributable to Parent | -12.10M | -17.04M | -20.92M | -22.65M | -12.43M | -34.55M |
| Earnings Per Share, Basic | $-0.04 | $-0.05 | $-0.06 | $-0.07 | $-0.04 | $-0.11 |
| Weighted Average Number of Shares Outstanding, Basic | 332.84M | 330.92M | 331.34M | 331.73M | 329.33M | 321.82M |
| Earnings Per Share, Diluted | $-0.04 | $-0.05 | $-0.06 | $-0.07 | $-0.04 | $-0.11 |
| Weighted Average Number of Shares Outstanding, Diluted | 332.84M | 330.92M | 331.34M | 331.73M | 329.33M | 321.82M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 46.94M | 29.54M | 35.27M | 11.76M | 56.05M | 128.80M |
| Assets, Current | 200.57M | 216.28M | 230.36M | 242.96M | 256.09M | 276.90M |
| Assets | 253.52M | 272.65M | 288.77M | 290.46M | 305.98M | 329.79M |
| Liabilities, Current | 29.24M | 24.16M | 28.01M | 19.50M | 16.41M | 22.82M |
| Liabilities | 50.27M | 57.89M | 60.57M | 41.23M | 36.13M | 51.48M |
| Stockholders' Equity Attributable to Parent | 203.25M | 214.75M | 228.20M | 249.23M | 269.86M | 278.31M |
| Common Stock, Shares, Outstanding | — | 365.43M | — | — | — | 361.56M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -19.80M | -10.41M | -47.95M | -33.65M | -22.83M | -12.29M |
| Payments to Acquire Property, Plant, and Equipment | 330.00K | 712.00K | 2.15M | 1.72M | 916.00K | 233.00K |
| Net Cash Provided by (Used in) Investing Activities | 39.13M | 4.52M | -43.70M | -83.19M | -49.84M | 74.04M |
| Payments for Repurchase of Common Stock | — | 0 | 1.60M | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -2.01M | 49.00K | -2.01M | -345.00K | 8.00K | 632.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SES CIK 0001819142),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.