SES - NYSE
SES AI Corporation
$1.33
-7.6%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.
At a Glance
Live SnapshotSES AI Corporation Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
SES AI Corporation Income Statement
SES • NYSE
| SES AI Corporation Income 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||
21M | 2M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.5M | 151K | 650K | 15.5M | 17.5M | 580K | 3.1M | 10.2M | 9.3M | 2.1M | 330K | |
GROSS PROFIT | ||||||||||||||||||
(9.7M) | (752K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (413K) | (142K) | (211K) | (19.7M) | (17.4M) | (750K) | (4.8M) | (9.1M) | (8.6M) | (7.5M) | (2.4M) | |
11.3M | 1.3M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.1M | 9K | 439K | -4.2M | 150K | -170K | -1.7M | 1M | 680K | -5.4M | -2.1M | |
OPERATING INCOME | ||||||||||||||||||
(93.9M) | (110.5M) | (78.2M) | (79.6M) | (32M) | (13.9M) | (15.3M) | (9.6M) | (28.1M) | (20.4M) | (34.1M) | (13.8M) | (18.2M) | (16.6M) | (16.8M) | (25.7M) | (24.7M) | (26M) | |
(26.9M) | (38.4M) | (47.5M) | (51.6M) | (16.5M) | (4.5M) | (4.8M) | (7.7M) | (10.3M) | (11.5M) | (11.6M) | (12.2M) | (15.9M) | (14.1M) | (13.9M) | (14.5M) | (18.3M) | (19.2M) | |
(67M) | (72.1M) | (30.7M) | (28M) | (15.5M) | (9.4M) | (10.5M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (230K) | (1.9M) | (1.1M) | (5.6M) | |
-82.6M | -109.2M | -78.2M | -79.6M | -32M | -13.9M | -15.3M | -8.9M | -26.9M | -22.6M | -37.5M | -13.9M | -19.6M | -21.7M | -16.2M | -22.4M | -29.5M | -415.4M | |
PRE-TAX INCOME | ||||||||||||||||||
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (869K) | -400K | (439K) | (372K) | (381K) | (302K) | -1.8M | -700K | -668K | -959K | -387.9M | |
9.3M | 15M | 16.7M | 6.2M | 248K | 76K | 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) | (0.0) | (0.0) | (0.0) | (12K) | (1.8M) | (17.8M) | (8.8M) | (22.5M) | (1.6M) | (2.3M) | (2.5M) | (2.6M) | (9.3M) | (5.4M) | (1.2M) | |
9.8M | 9.3M | 23.9M | 29.8M | 776K | 21K | 696K | -870K | -1.6M | 2.2M | -1M | -141K | -292K | 1.6M | 540K | -3M | 259K | 387.3M | |
-72.8M | -100M | -54.3M | -49.7M | -31.2M | -13.9M | -14.6M | -9.7M | -28.5M | -20.4M | -38.5M | -14M | -19.9M | -20.1M | -15.6M | -25.4M | -29.3M | -28.1M | |
NET INCOME | ||||||||||||||||||
(231K) | (188K) | -853K | (1.3M) | (25K) | (7K) | (108K) | -129K | -400K | (439K) | (372K) | (381K) | (302K) | -1.8M | -700K | -668K | -959K | -387.9M | |
-73M | -100.2M | -53.4M | -51M | -31.3M | -13.9M | -14.7M | -9.6M | -28.1M | -20.8M | -38.9M | -14.4M | -20.2M | -18.3M | -14.9M | -24.8M | -28.3M | 359.9M |
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 | |
S-3 S-3 N/A | April 24, 2026 | April 24, 2026 | ||
10-Q 10-Q 2026 Q1 Q1 | April 24, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 01, 2026 | April 01, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 04, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 04, 2026 | March 04, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 16, 2026 | January 16, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 12, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 07, 2025 | November 06, 2025 | 2025 |
Related Guides
Continue your SES research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.