SES AI Corporation (SES) Stock Analysis
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SES AI Corporation (SES) posted $21.00M in revenue for fiscal 2025 (up 929.4% year over year), with a net loss of $73.04M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on SES AI Corporation
SES AI Corporation has grown revenue from $0 to $21.00M over the last 6 fiscal years. The most recent year was up 929.4%.
Net margin sits at -347.8%, up 4563.2 points year over year on a 53.8% gross margin. It carries about $830,000 of total debt.
The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from SES AI Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
SES AI Corporation revenue & earnings — last 6 fiscal years
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $2.04M | $21.00M |
| Gross profit | — | — | — | — | $1.29M | $11.31M |
| Net income | $-13.89M | $-31.25M | $-50.99M | $-53.40M | $-100.19M | $-73.04M |
| Net margin | — | — | — | — | -4911.0% | -347.8% |
Source: SES AI Corporation SEC filings (10-K).
SES AI Corporation: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 2331.1% versus revenue 929.4% — possible overproduction or softening demand.
- Debt with negative operating cash flowCarries $1.7M of debt while last year's operating cash flow was negative ($-58.4M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -347.8%).
Explore 6 years of SES AI Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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SES AI Corporation financial history by metric
About SES AI Corporation
SES AI Corporation develops and produces AI enhanced lithium metal and lithium-ion rechargeable battery technologies for electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other applications. It manufactures and sells residential and commercial ESS systems, li-ion, li metal battery cells and battery materials, such as electrolytes for automotive original equipment manufacturers and others. The company operates in the United States and the Asia Pacific regions. SES AI Corporation was founded in 2012 and is headquartered in Woburn, Massachusetts.
SES AI Corporation — frequently asked questions
What is SES AI Corporation's revenue?
SES AI Corporation (SES) reported revenue of $21.00M for fiscal year 2025, up 929.4% from the prior year, according to its SEC filings.
Is SES AI Corporation profitable?
No — SES reported a net loss of $-73.04M in fiscal 2025.
What is SES's P/E ratio?
SES AI Corporation trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does SES AI Corporation have?
As of fiscal year 2025, SES carried roughly $830,000 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is SES AI Corporation's gross margin?
SES's gross margin was 53.8% in fiscal 2025 — gross profit of $11.31M on revenue of $21.00M.
What is SES AI Corporation's market cap?
SES AI Corporation (SES) has a market capitalization of about $402.52M, based on the latest data in our nightly-refreshed cache.
When does SES AI Corporation's fiscal year end?
SES's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from SES AI Corporation's official SEC filings (10-K and 10-Q), covering 6 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.