SES AI Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	35.27	128.8	85.67	106.62	160.5	2.44
Short-Term Investments	178.74	133.75	246.78	283.46	-	12.29
Cash & Short-Term Investments	214.01	262.54	332.45	390.08	160.5	14.73
Cash Growth	-21.81%	-21.03%	-14.78%	143.05%	989.59%	-42.01%
Accounts Receivable	3.37	0.95	-	-	-	-
Other Receivables	-	-	9.01	2.38	8.31	-
Receivables	3.37	0.95	9.01	2.38	8.31	-
Inventory	3.66	0.21	0.56	0.38	-	-
Prepaid Expenses	9.32	13.2	6.61	3.79	1.16	0.27
Restricted Cash	-	-	-	-	-	0.1
Total Current Assets	230.36	276.9	348.63	396.64	169.97	15.1
Property, Plant & Equipment	39.2	48.09	51.06	39.12	12.49	6.04
Other Intangible Assets	2.87	1.22	1.35	1.47	1.63	1.73
Long-Term Deferred Tax Assets	1.37	1.34	1.06	-	-	-
Other Long-Term Assets	2.34	2.24	4.72	3.21	9.26	1.71
Total Assets	288.77	329.79	406.81	440.44	193.35	24.59
Accounts Payable	4.78	1.9	4.83	6.19	4.71	1.03
Accrued Expenses	9.67	15.63	8.3	4.68	3.22	1.22
Short-Term Debt	1.92	-	-	-	-	0.84
Current Portion of Leases	2.26	2.59	2.4	1.9	-	-
Current Income Taxes Payable	1.03	0.31	0.29	1.42	0.23	0.12
Other Current Liabilities	0.84	2.39	4.54	5.17	2.83	0.67
Total Current Liabilities	28.01	22.82	20.36	19.36	10.99	3.88
Long-Term Leases	6.19	7.98	11.32	10.17	-	-
Long-Term Unearned Revenue	16.59	8.61	9.27	6.66	-	-
Other Long-Term Liabilities	9.78	12.08	6.92	12.72	0.75	0.74
Total Liabilities	60.57	51.48	47.86	48.9	11.73	4.61
Common Stock	0.04	0.04	0.04	0.04	0.01	-
Additional Paid-In Capital	586.2	579.38	559.21	538.04	5.6	0.84
Retained Earnings	-354.87	-298.87	-198.69	-145.29	-94.29	-63.04
Comprehensive Income & Other	-3.16	-2.23	-1.61	-1.25	0.37	0.13
Total Common Equity	228.2	278.31	358.95	391.54	-88.32	-62.07
Shareholders' Equity	228.2	278.31	358.95	391.54	181.62	19.98
Total Liabilities & Equity	288.77	329.79	406.81	440.44	193.35	24.59
Total Debt	10.38	10.56	13.72	12.06	-	0.84
Net Cash (Debt)	203.63	251.98	318.73	378.02	160.5	13.89
Net Cash Growth	-22.48%	-20.94%	-15.68%	135.53%	1055.49%	-45.31%
Net Cash Per Share	0.62	0.78	1.01	1.31	2.63	0.23
Filing Date Shares Outstanding	365.07	364.66	354.96	349.81	10.47	10.25
Total Common Shares Outstanding	365.01	361.56	354.15	349.71	10.47	10.25
Working Capital	202.36	254.09	328.27	377.28	158.99	11.23
Book Value Per Share	0.63	0.77	1.01	1.12	-8.43	-6.06
Tangible Book Value	212.71	277.09	357.61	390.07	-89.95	-63.8
Tangible Book Value Per Share	0.58	0.77	1.01	1.12	-8.59	-6.23
Machinery	-	32.69	22.93	18.49	7.6	6.46
Construction In Progress	-	1.97	9.77	5.42	6.04	-
Leasehold Improvements	-	24.39	18.23	11.44	4.11	3.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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