SES
SES AI Corp
NYSE: SES · CONSUMER CYCLICAL · AUTO PARTS
$1.05
+2.94% today
Updated 2026-04-30
Market cap
$427.56M
P/E ratio
—
P/S ratio
20.36x
EPS (TTM)
$-0.22
Dividend yield
—
52W range
$1 – $4
Volume
8.7M
SES AI Corp (SES) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $330000.00 | $2.10M | $9.30M | $10.16M | $3.06M | $580000.00 | $17.51M | $15.52M | $650000.00 | $151000.00 | $1.51M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.04M | $21.00M |
| Revenue growth (YoY) | — | +536.4% | +342.9% | +9.2% | -69.9% | -81.0% | +2919.0% | -11.4% | -95.8% | -76.8% | +898.0% | -100.0% | — | — | — | — | — | +929.4% |
| Cost of revenue | $2.40M | $7.45M | $8.62M | $9.12M | $4.77M | $750000.00 | $17.36M | $19.71M | $211000.00 | $142000.00 | $413000.00 | — | — | $1.66M | $2.60M | $5.54M | $752000.00 | $9.69M |
| Gross profit | $-2.07M | $-5.35M | $680000.00 | $1.04M | $-1.71M | $-170000.00 | $150000.00 | $-4.20M | $439000.00 | $9000.00 | $1.09M | — | — | $-1.66M | $-2.60M | $-5.54M | $1.29M | $11.31M |
| Gross margin | -627.3% | -254.8% | 7.3% | 10.2% | -55.9% | -29.3% | 0.9% | -27.0% | 67.5% | 6.0% | 72.6% | — | — | — | — | — | 63.1% | 53.8% |
| R&D | $5.62M | $1.05M | $1.87M | $230000.00 | — | — | — | — | — | — | — | $10.51M | $9.44M | $15.51M | $27.97M | $30.68M | $72.14M | $67.05M |
| SG&A | $19.18M | $18.26M | $14.52M | $13.92M | $14.08M | $15.92M | $12.18M | $11.56M | $11.54M | $10.32M | $7.71M | $4.78M | $4.46M | $16.49M | $51.61M | $47.48M | $38.40M | $26.88M |
| Operating income | $-415.36M | $-29.54M | $-22.42M | $-16.16M | $-21.71M | $-19.63M | $-13.86M | $-37.51M | $-22.63M | $-26.92M | $-8.86M | $-15.29M | $-13.90M | $-32.01M | $-79.57M | $-78.16M | $-109.25M | $-82.61M |
| Operating margin | -125865.8% | -1406.6% | -241.1% | -159.1% | -709.5% | -3384.1% | -79.1% | -241.7% | -3482.0% | -17829.8% | -588.2% | — | — | — | — | — | -5355.3% | -393.4% |
| EBITDA | $-414.18M | $-26.64M | $-19.74M | $-13.54M | $-19.22M | $-17.33M | $-11.57M | $-35.91M | $-21.76M | $-26.86M | $-8.83M | $-14.37M | $-12.20M | $-30.34M | $-76.98M | $-72.62M | $-100.94M | $-72.32M |
| EBITDA margin | -125508.2% | -1268.5% | -212.2% | -133.3% | -628.1% | -2987.6% | -66.1% | -231.4% | -3348.3% | -17786.1% | -585.7% | — | — | — | — | — | -4948.0% | -344.4% |
| EBIT | $-415.36M | $-29.54M | $-22.42M | $-16.16M | $-21.71M | $-19.63M | $-13.86M | $-37.51M | $-22.63M | $-26.92M | $-8.86M | $-15.29M | $-13.90M | $-32.01M | $-79.57M | $-78.16M | $-109.25M | $-82.61M |
| Interest expense | $387.92M | $959000.00 | $668000.00 | $700000.00 | $1.81M | $302000.00 | $381000.00 | $372000.00 | $439000.00 | $400000.00 | $869000.00 | $696000.00 | $21000.00 | $1.62M | $29.84M | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% |
| Net income | $359.87M | $-28.32M | $-24.75M | $-14.92M | $-18.26M | $-20.22M | $-14.38M | $-38.91M | $-20.84M | $-28.08M | $-9.61M | $-14.70M | $-13.89M | $-31.25M | $-50.99M | $-53.40M | $-100.19M | $-73.04M |
| Net income growth (YoY) | — | -107.9% | +12.6% | +39.7% | -22.4% | -10.7% | +28.9% | -170.6% | +46.4% | -34.7% | +65.8% | -53.1% | +5.5% | -125.0% | -63.2% | -4.7% | -87.6% | +27.1% |
| Profit margin | 109050.6% | -1348.6% | -266.2% | -146.9% | -596.7% | -3486.6% | -82.1% | -250.7% | -3206.6% | -18596.0% | -637.4% | — | — | — | — | — | -4911.0% | -347.8% |