SES AI Corp
SES NYSE· Miscellaneous Electrical Machinery, Equipment & Supplies
Last close · Oct 26, 2026
$0.64
KIRA · Stoqly’s AI analyst, in plain words
- SES AI Corp had $21.0M of revenue in fiscal 2025, up 929.4% on the year before.
- Its operating margin was −393.4%, up 4,961.9 pts: of every 100 in sales, about −393 is left after running the business.
- SES AI Corp lost $73.0M in fiscal 2025.
- Free cash flow was −$61.2M in fiscal 2025, −291.5% of revenue.
- SES AI Corp returned $1.6M to shareholders in fiscal 2025. The diluted share count rose 2.8%.
- SES AI Corp has $199M more cash than debt.
Market cap
$216M
P/E
—
Revenue
$21.0M
Net income
−$73.0M
Free cash flow
−$61.2M
Operating margin
−393.4%
SES AI Corp in 30 seconds · fiscal 2025
Are sales growing?
+929.4%
Yes. Sales grew 929.4% last year.
Does it make a profit?
−347.8%
No. It lost money last year.
Does profit turn into cash?
−291.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What SES AI Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 4, 2026
- Legal name
- SES AI Corp
- CIK
- 0001819142
SES AI Corp · SES
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | — | — | — | $2.0M | $21.0M |
| Revenue growth | — | — | — | — | 929.4% |
| Gross margin | — | — | — | 63.1% | 53.8% |
| Operating margin | — | — | — | −5,355.3% | −393.4% |
| Net income | −$31.3M | −$51.0M | −$53.4M | −$100M | −$73.0M |
| Net margin | — | — | — | −4,911.0% | −347.8% |
| Diluted EPS | −$0.51 | −$0.18 | −$0.17 | −$0.31 | −$0.22 |
| Cash | |||||
| Cash from operations | −$30.0M | −$46.5M | −$56.4M | −$66.1M | −$58.4M |
| Capital expenditure | $9.0M | $14.7M | $15.8M | $12.2M | $2.9M |
| Free cash flow | −$38.9M | −$61.2M | −$72.2M | −$78.3M | −$61.2M |
| FCF margin | — | — | — | −3,837.8% | −291.5% |
| Share buybacks | — | — | — | — | $1.6M |
| Share count change | 0.5% | 371.9% | 9.3% | 2.1% | 2.8% |
| Debt and strength | |||||
| Cash and short-term investments | $160M | $390M | $332M | $263M | $200M |
| Debt incl. finance leases | — | — | — | — | $0.8M |
| Shareholders' equity | −$88.3M | $392M | $359M | $278M | $215M |
| Current ratio | 15.5x | 20.5x | 17.1x | 12.1x | 9.0x |
| Returns and quality | |||||
| Return on capital | — | — | — | — | −409.1% |
| Return on equity | — | −33.6% | −14.2% | −31.4% | −29.6% |
| Return on tangible equity | — | −13.1% | −14.9% | −36.2% | −36.8% |
| Piotroski F-score | — | — | — | — | 3 |
| Altman Z'' | −5.2 | 11.7 | 10.3 | 5.6 | 2.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.2M
2 insiders
Of sales under plans
100%
$1.2M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
SES AI Corp · SES
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.64 a share, the company is worth $216M.
Source: SEC EDGAR XBRL filings (CIK 0001819142). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.