SES AI Corporation (SES)

SES AI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	21.92	21	2.04	-	-	-
Revenue Growth (YoY)	179.82%	929.41%	-	-	-	-
Cost of Revenue	13.95	9.69	0.75	-	-	-
Gross Profit	7.97	11.31	1.29	-	-	-
Selling, General & Admin	27.61	26.88	38.4	47.48	51.61	16.49
Research & Development	57.57	67.05	72.14	30.68	27.97	15.51
Total Operating Expenses	85.18	93.92	110.54	78.16	79.57	32.01
Operating Income	-77.21	-82.61	-109.25	-78.16	-79.57	-32.01
Interest Income	8.36	9.34	15.04	16.69	6.2	0.25
Other Non-Operating Income (Expense)	-3.22	0.47	-5.79	7.22	23.64	0.53
Total Non-Operating Income (Expense)	5.15	9.81	9.25	23.91	29.84	0.78
Pretax Income	-72.07	-72.81	-100	-54.25	-49.74	-31.23
Provision for Income Taxes	0.64	0.23	0.19	-0.85	1.26	0.03
Net Income	-72.71	-73.04	-100.19	-53.4	-50.99	-31.26
Net Income to Common	-72.71	-73.04	-100.19	-53.4	-50.99	-31.26
Shares Outstanding (Basic)	332	331	322	315	288	61
Shares Outstanding (Diluted)	332	331	322	315	288	61
Shares Change (YoY)	2.26%	2.83%	2.15%	9.28%	371.94%	0.51%
EPS (Basic)	-0.22	-0.22	-0.31	-0.17	-0.18	-0.51
EPS (Diluted)	-0.22	-0.22	-0.31	-0.17	-0.18	-0.51
Shares Outstanding	368.59	365.43	361.56	354.15	349.72	62.14
Free Cash Flow	-57.6	-61.22	-78.29	-72.18	-61.15	-38.94
Free Cash Flow Per Share	-0.17	-0.19	-0.24	-0.23	-0.21	-0.64
Gross Margin	36.34%	53.84%	63.14%	-	-	-
Operating Margin	-352.27%	-393.40%	-5355.29%	-	-	-
Profit Margin	-331.72%	-347.81%	-4911.03%	-	-	-
FCF Margin	-262.80%	-291.52%	-3837.84%	-	-	-
EBITDA	-66.75	-72.32	-100.94	-72.62	-76.98	-30.34
EBITDA Margin	-304.56%	-344.38%	-4948.04%	-	-	-
EBIT	-77.21	-82.61	-109.25	-78.16	-79.57	-32.01
EBIT Margin	-352.27%	-393.40%	-5355.29%	-	-	-
Effective Tax Rate	-0.89%	-0.32%	-0.19%	1.57%	-2.52%	-0.08%

Updated Apr 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q