FY2025 · ended Dec 31, 2025 · Revenue $21.00M, +929.4% YoY · Filed Mar 4, 2026
SES AI Corporation (SES) files with the SEC under industry code 3690, Miscellaneous Electrical Machinery, Equipment & Supplies. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $21.0 million and a net loss of $73.0 million. Free cash flow was -$61.2 million. As of Jun 30, 2026 it held $163.0 million in cash and investments and $7.1 million in total debt.
Revenue (TTM)
$23.46M
Net income (TTM)
$-67.96M
+31.9% vs year-ago TTM
Operating cash flow (TTM)
$-58.34M
+15.0% vs year-ago TTM
Free cash flow (TTM)
$-60.46M
+16.2% vs year-ago TTM
EPS (TTM)
$-0.20
+33.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
365.43M
+1.1% vs prior year
Net cash
$155.85M
as of Jun 30, 2026
Operating margin
-312.8%
FY 2026
Company profile
- Industry
- Miscellaneous Electrical Machinery, Equipment & Supplies (SIC 3690)
- Listed as
- SES (NYSE), SESCW (OTC)
- Fiscal year ends
- December 31
- Headquarters
- Woburn, MA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1819142
- Former names
- SES AI Corp (until Oct 27, 2026); Ivanhoe Capital Acquisition Corp. (until Feb 4, 2022)
Other Miscellaneous Electrical Machinery, Equipment & Supplies companies
- Cae Inc CAE
- EnerSys ENS
- Novanta Inc NOVT
- QuantumScape Corp QS
- Spectrum Brands Holdings, Inc. SPB
- Energizer Holdings, Inc. ENR
- InoBat B.V. INBT
- Amprius Technologies, Inc. AMPX
All 55 Miscellaneous Electrical Machinery, Equipment & Supplies companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $21.0M | $2.0M | — | — | — |
| Operating income | -$82.6M | -$109.2M | -$78.2M | -$79.6M | — |
| Net income | -$73.0M | -$100.2M | -$53.4M | -$51.0M | -$31.3M |
| Diluted EPS | -$0.22 | -$0.31 | -$0.17 | -$0.18 | — |
| Operating cash flow | -$58.4M | -$66.1M | -$56.4M | -$46.5M | -$30.0M |
| Free cash flow | -$61.2M | -$78.3M | -$72.2M | -$61.2M | — |
| Total assets | $272.6M | $329.8M | $406.8M | $440.4M | $193.4M |
| Total liabilities | $57.9M | $51.5M | $47.9M | $48.9M | $11.7M |
| Stockholders' equity | $214.8M | $278.3M | $358.9M | $391.5M | -$88.3M |
| Cash and investments | $199.6M | $262.5M | $332.4M | $390.1M | $160.5M |
| Total debt | $8.9M | $10.6M | $13.7M | $12.1M | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| ARS | Annual report to shareholders | Oct 27, 2026 | Dec 31, 2025 |
| 8-K |
Current report
Listing notice
|
Aug 14, 2026 | Aug 13, 2026 |
| 10-Q | Quarterly report | Aug 11, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Officer or director change
|
Aug 11, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Listing notice, Regulation FD disclosure
|
Jul 20, 2026 | Jul 17, 2026 |
| 10-K/A | Amended annual report | Apr 30, 2026 | Dec 31, 2025 |
All 489 SES AI Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.