SES AI Corporation (SES)

Name: SES AI Corporation Financial Statements
Creator: Quarter Results

Consumer Cyclical | Auto Parts

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$6.7M

Net Income

-$12.1M

Operating Margin

-266.3%

Free Cash Flow

-$61.2M

Debt / Assets

21.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for SES AI Corporation (SES).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	6,711,000	5,793,000	2,040,000	0
Cost of Revenue	5,496,000	1,236,000	-5,141,000	2,227,000
Gross Profit	1,215,000	4,557,000	7,181,000	-2,227,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	8,053,000	7,320,000	13,206,000	9,779,000
Operating Expenses	19,084,000	27,830,000	36,314,000	34,217,000
Operating Income	-17,869,000	-23,273,000	-29,133,000	-34,217,000
Interest Expense	0	0	0	0
Income Before Tax	-11,684,000	-12,428,000	-34,788,000	-30,048,000
Income Tax Expense	414,000	4,000	-243,000	138,000
Net Income	-12,098,000	-12,432,000	-34,545,000	-30,186,000
Per Share
EPS	-0.04	-0.04	-0.11	-0.09
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for SES AI Corporation (SES).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	21,000,000	2,040,000	0	0	0
Cost of Revenue	9,693,000	752,000	5,541,000	2,596,000	0
Gross Profit	11,307,000	1,288,000	-5,541,000	-2,596,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	26,876,000	38,395,000	47,483,000	51,606,000	7,358,072
Operating Expenses	93,921,000	110,536,000	78,158,000	79,573,000	7,358,072
Operating Income	-82,614,000	-109,248,000	-78,158,000	-79,573,000	-7,358,072
Interest Expense	0	0	0	-29,835,000	-855,043
Income Before Tax	-72,809,000	-99,997,000	-54,253,000	-49,738,000	-11,539,665
Income Tax Expense	231,000	188,000	-853,000	646,000	0
Net Income	-73,040,000	-100,185,000	-53,400,000	-50,384,000	-11,539,665
Per Share
EPS	-0.22	-0.31	-0.17	-0.17	-0.03
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for SES AI Corporation (SES).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	29,541,000	128,796,000	85,671,000	106,623,000
Short Term Investments	170,091,000	133,748,000	246,775,000	283,460,000
Net Receivables	4,783,000	950,000	3,911,000	2,383,000
Inventory	5,154,000	212,000	558,000	383,000
Total Current Assets	216,276,000	276,904,000	348,627,000	396,641,000
Property Plant Equipment	36,504,000	48,092,000	51,058,000	39,119,000
Goodwill and Intangibles	16,081,000	1,217,000	1,345,000	1,473,000
Total Assets	272,646,000	329,785,000	461,341,000	442,323,000
Liabilities
Account Payables	5,694,000	1,901,000	4,830,000	6,187,000
Short Term Debt	2,298,000	2,585,000	2,404,000	1,899,000
Total Current Liabilities	24,156,000	22,815,000	20,355,000	20,628,000
Long Term Debt	5,813,000	7,977,000	11,316,000	10,165,000
Total Liabilities	57,891,000	51,475,000	93,121,000	50,175,000
Shareholders Equity
Retained Earnings	-371,911,000	-298,871,000	-198,686,000	-144,677,000
Total Shareholders Equity	214,755,000	278,310,000	358,950,000	392,148,000

Balance sheet annual history for SES AI Corporation (SES).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	29,541,000	128,796,000	85,671,000	106,623,000	117,282
Short Term Investments	170,091,000	133,748,000	246,775,000	283,460,000	0
Net Receivables	4,783,000	950,000	3,911,000	2,383,000	0
Inventory	5,154,000	212,000	558,000	383,000	0
Total Current Assets	216,276,000	276,904,000	348,627,000	396,641,000	726,186
Property Plant Equipment	36,504,000	48,092,000	51,058,000	39,119,000	0
Goodwill and Intangibles	16,081,000	1,217,000	1,345,000	1,473,000	0
Total Assets	272,646,000	329,785,000	461,341,000	442,323,000	276,784,152
Liabilities
Account Payables	5,694,000	1,901,000	4,830,000	6,187,000	89,017
Short Term Debt	2,298,000	2,585,000	2,404,000	1,899,000	0
Total Current Liabilities	24,156,000	22,815,000	20,355,000	20,628,000	905,135
Long Term Debt	5,813,000	7,977,000	11,316,000	10,165,000	1,152,680
Total Liabilities	57,891,000	51,475,000	93,121,000	50,175,000	41,931,234
Shareholders Equity
Retained Earnings	-371,911,000	-298,871,000	-198,686,000	-144,677,000	-41,147,772
Total Shareholders Equity	214,755,000	278,310,000	358,950,000	392,148,000	234,852,918

Cash flow quarterly history for SES AI Corporation (SES).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-73,040,000	-100,185,000	-53,400,000	-50,384,000
Depreciation & Amortization	10,295,000	8,308,000	5,541,000	2,596,000
Stock Based Compensation	10,971,000	19,935,000	20,649,000	22,775,000
Change in Working Capital	-3,474,000	8,387,000	-10,056,000	5,805,000
Operating Cash Flow	-58,362,000	-66,086,000	-56,412,000	-46,500,000
Investing Activities
Capital Expenditure	-2,858,000	-12,206,000	-15,763,000	-14,654,000
Investments	-2,858,000	-12,206,000	-15,763,000	-14,654,000
Investing Cash Flow	-39,186,000	108,192,000	32,719,000	-296,009,000
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	-1,528,000	0	524,000	283,270,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-1,961,000	1,010,000	3,275,000	289,927,000
Summary
Free Cash Flow	-61,220,000	-78,292,000	-72,175,000	-61,154,000
Net Change in Cash	-99,182,000	42,429,000	-20,952,000	-53,108,000

Cash flow annual history for SES AI Corporation (SES).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-73,040,000	-100,185,000	-53,400,000	-50,384,000	-11,539,665
Depreciation & Amortization	10,295,000	8,308,000	5,541,000	2,596,000	0
Stock Based Compensation	10,971,000	19,935,000	20,649,000	22,775,000	0
Change in Working Capital	-3,474,000	8,387,000	-10,056,000	5,805,000	5,060,123
Operating Cash Flow	-58,362,000	-66,086,000	-56,412,000	-46,500,000	-2,297,949
Investing Activities
Capital Expenditure	-2,858,000	-12,206,000	-15,763,000	-14,654,000	0
Investments	-2,858,000	-12,206,000	-15,763,000	-14,654,000	0
Investing Cash Flow	-39,186,000	108,192,000	32,719,000	-296,009,000	-276,000,000
Financing Activities
Debt Repayment	0	0	0	0	-500,000
Common Stock Issued/Repurchased	-1,528,000	0	524,000	283,270,000	283,520,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-1,961,000	1,010,000	3,275,000	289,927,000	278,253,960
Summary
Free Cash Flow	-61,220,000	-78,292,000	-72,175,000	-61,154,000	-2,297,949
Net Change in Cash	-99,182,000	42,429,000	-20,952,000	-53,108,000	-43,989