SES AI Corporation (SES)

SES AI Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	56.05	128.8	85.67	106.62	160.5	2.44
Short-Term Investments	183.71	133.75	246.78	283.46	-	12.29
Cash & Short-Term Investments	239.76	262.54	332.45	390.08	160.5	14.73
Cash Growth	-24.78%	-21.03%	-14.78%	143.05%	989.59%	-42.01%
Accounts Receivable	1.51	0.95	-	-	-	-
Other Receivables	-	-	9.01	2.38	8.31	-
Receivables	1.51	0.95	9.01	2.38	8.31	-
Inventory	0.16	0.21	0.56	0.38	-	-
Prepaid Expenses	14.67	13.2	6.61	3.79	1.16	0.27
Restricted Cash	-	-	-	-	-	0.1
Total Current Assets	256.09	276.9	348.63	396.64	169.97	15.1
Property, Plant & Equipment	45.18	48.09	51.06	39.12	12.49	6.04
Other Intangible Assets	1.19	1.22	1.35	1.47	1.63	1.73
Long-Term Deferred Tax Assets	1.34	1.34	1.06	-	-	-
Other Long-Term Assets	2.2	2.24	4.72	3.21	9.26	1.71
Total Assets	305.98	329.79	406.81	440.44	193.35	24.59
Accounts Payable	1.81	1.9	4.83	6.19	4.71	1.03
Accrued Expenses	10.19	15.63	8.3	4.68	3.22	1.22
Short-Term Debt	-	-	-	-	-	0.84
Current Portion of Leases	2.63	2.59	2.4	1.9	-	-
Current Income Taxes Payable	0.32	0.31	0.29	1.42	0.23	0.12
Other Current Liabilities	1.46	2.39	4.54	5.17	2.83	0.67
Total Current Liabilities	16.41	22.82	20.36	19.36	10.99	3.88
Long-Term Leases	6.9	7.98	11.32	10.17	-	-
Long-Term Unearned Revenue	8.67	8.61	9.27	6.66	-	-
Other Long-Term Liabilities	4.16	12.08	6.92	12.72	0.75	0.74
Total Liabilities	36.13	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	583.33	579.38	559.21	538.04	5.6	0.84
Retained Earnings	-311.3	-298.87	-198.69	-145.29	-94.29	-63.04
Comprehensive Income & Other	-2.21	-2.23	-1.61	-1.25	0.37	0.13
Total Common Equity	269.86	278.31	358.95	391.54	-88.32	-62.07
Shareholders' Equity	269.86	278.31	358.95	391.54	181.62	19.98
Total Liabilities & Equity	305.98	329.79	406.81	440.44	193.35	24.59
Total Debt	9.53	10.56	13.72	12.06	-	0.84
Net Cash (Debt)	230.23	251.98	318.73	378.02	160.5	13.89
Net Cash Growth	-24.92%	-20.94%	-15.68%	135.53%	1055.49%	-45.31%
Net Cash Per Share	0.71	0.78	1.01	1.31	2.63	0.23
Filing Date Shares Outstanding	366.85	364.66	354.96	349.81	10.47	10.25
Total Common Shares Outstanding	364.85	361.56	354.15	349.71	10.47	10.25
Working Capital	239.69	254.09	328.27	377.28	158.99	11.23
Book Value Per Share	0.74	0.77	1.01	1.12	-8.43	-6.06
Tangible Book Value	268.67	277.09	357.61	390.07	-89.95	-63.8
Tangible Book Value Per Share	0.74	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 Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q