SES - NYSE

SES AI Corporation

SES·NYSE

$1.33

-7.6%

Consumer CyclicalAuto - Parts

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles and other applications. The company was founded in 2012 and is headquartered in Boston, Massachusetts.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$484.68M

EPS-0.2200

P/E Ratio-6.05

Earnings Date08/03/2026

-58.36M

Operating Cash Flow

-12%

3Y+26.0%

5Y+430.0%

10Y+582.0%

-39.19M

Investing Cash Flow

-136%

3Y-87.0%

5Y+195.0%

10Y+4804.0%

-1.96M

Financing Cash Flow

-294%

3Y-101.0%

5Y-333.0%

10Y-112.0%

SES AI Corporation Cash Conversion Engine

SES · NYSE

FCF Components

Net Income-73.04M

Depreciation & Amortization10.29M

Stock-Based Compensation10.97M

Change in Working Capital-3.47M

Others-2.98M

Capital Expenditures-2.86M

Free Cash Flow-61.22M

Cash Flow Quality Analysis

FCF Conversion Rate

83.8%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-4.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+21.8%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$3.47M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

SES AI Corporation Cash Flow Statement

SES • NYSE

SES AI Corporation Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010	Jun 2009	Jun 2008
OPERATING ACTIVITIES
Net Income	-73M	-100.2M	-53.4M	-50.4M	-31.3M	-13.9M	-14.7M	-9.6M	-26.5M	-23.1M	-37.9M	-14.2M	-19.9M	-19.9M	-15.5M	-21.8M	-28.6M	-27.4M
Depreciation & Amortization	10.3M	8.3M	5.5M	2.6M	1.7M	1.7M	918K	37K	66K	869K	1.6M	2.3M	2.3M	2.5M	2.6M	2.7M	2.9M	1.2M
Change in Deferred Taxes	-137K	0.0	-1.1M	0.0	-840K	-25K	487.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Stock-Based Compensation	11M	19.9M	20.6M	22.8M	4.6M	154K	123K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	-3M	-2.5M	-17M	-27.3M	95K	25K	-487.0	-236K	14.7M	18.6M	22.7M	-2.8M	3.8M	22.6M	8.6M	44.4M	32.6M	-6B
Cash Taxes Paid	(0.0)	(286K)	(222K)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Change in Working Capital	-3.5M	8.4M	-11.1M	5.8M	-4.2M	1M	-610K	2.4M	1.6M	-8.3M	-745K	3M	-1.5M	-17.9M	-10.5M	-43.8M	-35.5M	1.9M
Cash from Operating Activities	-58.4M	-66.1M	-56.4M	-46.5M	-30M	-11M	-14.3M	-6.1M	-8.5M	-8.6M	-11.8M	-9.5M	-13M	-11.8M	-13.5M	-16.3M	-26.8M	-18.8M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-2.9M	-12.2M	-15.8M	-14.7M	-9M	-982K	-4.6M	-5K	-5K	-27K	-355K	-892K	-12K	-70K	-70K	-980K	-4.2M	-23.1M
Acquisitions, Net	-3M	(0.0)	(0.0)	-2.4M	(276M)	(12.3K)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Purchase of Investments	-238.2M	-215.1M	-281.5M	-411.4M	-150.8M	-17.5M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-45M	(0.0)
Sale/Maturity of Investments	201.7M	328.3M	330M	130M	163.1M	5.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Items	3.1M	7.2M	0.0	2.4M	-276M	-12.3K	-1.9K	1.1M	-392K	-772K	-1.6M	-1.5M	-598K	-840K	330K	-29.2M	40.8M	10.2M
Cash from Investing Activities	-39.2M	(108.2M)	(32.7M)	-296M	(3.3M)	-13.3M	-4.6M	(1.1M)	-397K	-799K	-2M	-2.4M	-610K	-910K	(260K)	-30.2M	-8.4M	-12.9M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-1.5M	1M	524K	283.3M	283.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Issuance of Debt	0.0	0.0	0.0	0.0	0.0	840K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Share Repurchases	-1.6M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(122K)	(1.3M)	(11.7M)	(14.7M)	(14.7M)	(14.9M)	-30K	(5.2M)	(140K)	-40K	(149.1M)
Other Financing Items	-433K	0.0	2.8M	6.7M	-286.7M	0.0	17K	122K	2.1M	16.6M	15.5M	15.5M	11.4M	-1.5M	2.8M	-1.3M	-2.3M	152.3M
Cash from Financing Activities	-2M	1M	3.3M	289.9M	184.8M	840K	1.1M	122K	2.1M	16.6M	15.5M	15.5M	11.4M	-1.5M	2.8M	-1.3M	-2.3M	152.3M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	327K	-687K	-552K	-526K	233K	188K	-62K	-138K	-31K	-214K	9K	10K	20K	30K	60K	0.0	-60K	1.2M
Net Change in Cash	-99.2M	42.4M	-21M	-53.1M	158.3M	-23.3M	-17.8M	2.1M	-8.8M	-7.5M	2.8M	3.5M	-2.2M	-14.1M	-10.4M	-47.9M	-37.5M	121.7M
Cash at Beginning of Period	129.4M	87M	107.9M	161M	2.7M	26M	43.8M	5M	13.8M	22.2M	19.4M	15.9M	18M	32.2M	42.6M	90.4M	127.9M	6.2M
Cash at End of Period	30.2M	129.4M	87M	107.9M	161M	2.7M	26M	7.1M	5M	14.7M	22.2M	19.4M	15.8M	18.1M	32.2M	42.6M	90.5M	127.9M
Free Cash Flow	-61.2M	-78.3M	-72.2M	-61.2M	-39M	-12M	-18.9M	-6.1M	-8.5M	-8.6M	-12.1M	-10.4M	-13M	-11.9M	-13.6M	-17.3M	-30.9M	-41.9M

SEC Filings

SES - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-K/A 10-K/A 2025 FY (Amended) FY	April 30, 2026	December 31, 2025	2025	View Filing
S-3 S-3 N/A	April 24, 2026	April 24, 2026		View Filing
10-Q 10-Q 2026 Q1 Q1	April 24, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 23, 2026	April 23, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 01, 2026	April 01, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 04, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 04, 2026	March 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 16, 2026	January 16, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 12, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 07, 2025	November 06, 2025	2025	View Filing

Showing 1 to 10 of 104 filings

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