SES AI Corp

Listed Company

SESCIK 0001819142NYSENon-AcceleratedSmaller ReportingMiscellaneous Electrical Machinery, Equipment & SuppliesCAFY ends Dec 31

Period

FY 2025

Revenue

$21.00M

Net Income

$-73.04M

Total Assets

—

Equity

—

Shares Out

365.43M

Op. Cash Flow

$-58.36M

SES$0.64−41.26% · past yearDBEQ Basic

Daily closing prices

Business

SES AI Corp develops and manufactures AI-enhanced Lithium-Metal and Lithium-ion rechargeable battery technologies using its Molecular Universe AI platform for material discovery and battery management. The company supplies integrated hardware and software solutions for Energy Storage Systems, drones, Urban Air Mobility, robotics, and electric vehicles, along with advanced battery materials and subscription access to its AI4Science platform. Primary markets include ESS, UAM, drones, and materials discovery, with operations across the United States, China, South Korea, and Singapore.

Summary from 10-K filed 2026-03-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	21	2	—	—	—
Cost of revenues	10	752,000	—	—	—
Gross profit	11	1	—	—	—
Research and development	67	72	31	28	16
General and administrative	27	38	47	52	16
Total operating expenses	94	111	78	80	32
Loss from operations	−83	−109	−78	−80	−32
Interest income	9	15	17	6	248,000
Gain (Loss) on change in fair value of Sponsor Earn-Out liabilities	2	−5	7	25	—
Miscellaneous expense, net	−1	−479,000	425,000	−2	−312,000
Total other income, net	10	9	24	30	776,000
Loss before income taxes	−73	−100	−54	−50	−31
Provision from income taxes	−231,000	−188,000	853,000	−1	−25,000
Net loss	−73	−100	−53	−51	−31
Foreign currency translation gain (loss)	492,000	−456,000	−937,000	−1	234,000
Unrealized gain (loss) on short-term investments	15,000	−164,000	575,000	−245,000	—
Total other comprehensive income (loss), net of tax	507,000	−620,000	−362,000	−2	234,000
Total comprehensive loss	−73	−101	−54	−53	−31
Net loss per share attributable to common stockholders - basic (in dollars per share)	−0.22	−0.31	−0.17	−0.18	−0.51
Net loss per share attributable to common stockholders - diluted (in dollars per share)	−0.22	−0.31	−0.17	−0.18	−0.51
Weighted-average shares outstanding, basic (in shares)	331	322	315	288	61
Weighted-average shares outstanding, diluted (in shares)	331	322	315	288	61

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	30	129	86	107	160
Short-term investments	170	134	247	283	—
Accounts receivable	5	950,000	—	—	—
Inventories	5	212,000	558,000	383,000	—
Prepaid expenses and other assets	7	13	12	4	2
Total current assets	216	277	349	397	170
Property and equipment, net	29	38	38	28	12
Goodwill	13	0	—	—	—
Intangible assets, net	3	1	1	1	2
Right-of-use assets, net	8	10	13	11	12
Deferred tax assets	2	1	1	—	—
Other assets, non-current	2	2	5	3	9
Total assets	273	330	407	440	193
Accounts payable	6	2	5	6	5
Operating lease liabilities	2	3	2	2	—
Deferred consideration, current	1	—	—	—	—
Accrued expenses and other liabilities	15	18	13	11	6
Total current liabilities	24	23	20	19	11
Sponsor Earn-Out liabilities	8	9	4	11	—
Operating lease liabilities, non-current	6	8	11	10	—
Unearned government grant	9	9	9	—	—
Deferred consideration, non-current	8	—	—	—	—
Other liabilities, non-current	3	3	3	2	749,000
Total liabilities	58	51	48	49	12
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 321,551,078 and 317,676,034 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively; ; Class B shares, $0.0001 par value, 200,000,000 shares authorized; 43,881,251 shares issued and outstanding as of December 31, 2025 and December 31, 2024	37,000	36,000	35,000	35,000	6,000
Additional paid-in capital	588	579	559	538	6
Accumulated deficit	−372	−299	−199	−145	−94
Accumulated other comprehensive loss	−2	−2	−2	−1	367,000
Total stockholders' equity	215	278	359	392	−88
Total liabilities and stockholders' equity	273	330	407	440	193

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss	−73	−100	−53	−51	−31
Stock-based compensation	11	20	21	23	5
Depreciation and amortization	10	8	6	3	2
Accretion income from available-for-sale short-term investments	−3	−7	−11	−2	—
Loss on sale or disposal of fixed assets	1	701,000	—	—	—
Other	389,000	−1	−244,000	490,000	95,000
Receivable from related party	—	4	−2	6	−8
Accounts receivable	−3	−950,000	—	—	—
Inventories	−1	330,000	−184,000	−383,000	—
Prepaid expenses and other assets	10	−2	−8	−2	−2
Right-of-use assets	3	3	−2	—	—
Deferred tax assets	−137,000	−278,000	−1	—	—
Accounts payable	1	−72,000	−62,000	−4	1
Operating lease liabilities	−3	−3	2	—	—
Accrued expenses and other liabilities	−10	8	−42,000	7	4
Net cash used in operating activities	−58	−66	−56	−47	−30
Purchases of property and equipment	−3	−12	−16	−15	−9
Acquisition of business, net of cash acquired	−3	—	—	—	—
Proceeds from the sale of short-term investments	5	—	—	—	—
Purchase of short-term investments	−238	−215	−282	−411	−151
Proceeds from the maturities of short-term investments	200	336	330	130	163
Net cash (used in) provided by investing activities	−39	108	33	−296	3
Repurchase and retirement of Class A common stock	−2	—	—	—	—
Payments for taxes withheld on vesting of restricted stock	−433,000	—	—	—	—
Proceeds from stock option exercises	77,000	1	524,000	330,000	197,000
Net cash (used in) provided by financing activities	−2	1	3	290	185
Effect of exchange rates on cash	327,000	−687,000	−552,000	−526,000	233,000
Net (decrease) increase in cash, cash equivalents and restricted cash	−99	42	−21	−53	158
Accounts payable and accrued expenses related to purchases of property and equipment	645,000	1	4	4	378,000
Income taxes paid	—	286,000	222,000	—	—
Deferred consideration payable for acquisition	9	—	—	—	—
Lease liabilities arising from obtaining right-of-use assets	—	12,000	6	2	—

Filings

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Frequently asked questions

What is SES AI Corp's CIK number?

SES AI Corp's SEC CIK number is 0001819142 (1819142). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SES AI Corp's SEC filings?

All of SES AI Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SES AI Corp last report earnings?

SES AI Corp (SES) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001819142-26-000019). This is SES AI Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is SES AI Corp's most recent earnings 8-K?

SES AI Corp's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001819142-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View SES AI Corp's latest earnings 8-K →
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