SES AI Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	23.46	21	2.04	-	-	-
Revenue Growth	106.54%	929.41%	-	-	-	-
Cost of Revenue	16.95	9.69	0.75	-	-	-
Gross Profit	6.51	11.31	1.29	-	-	-
Selling, General & Admin	30.07	26.88	38.4	47.48	51.61	16.49
Research & Development	49.84	67.05	72.14	30.68	27.97	15.51
Total Operating Expenses	79.91	93.92	110.54	78.16	79.57	32.01
Operating Income	-73.4	-82.61	-109.25	-78.16	-79.57	-32.01
Interest Income	7.47	9.34	15.04	16.69	6.2	0.25
Other Non-Operating Income (Expense)	-1.92	0.47	-5.79	7.22	23.64	0.53
Total Non-Operating Income (Expense)	5.54	9.81	9.25	23.91	29.84	0.78
Pretax Income	-67.86	-72.81	-100	-54.25	-49.74	-31.23
Provision for Income Taxes	0.11	0.23	0.19	-0.85	1.26	0.03
Net Income	-67.96	-73.04	-100.19	-53.4	-50.99	-31.26
Minority Interest in Earnings	0	-	-	-	-	-
Net Income to Common	-67.96	-73.04	-100.19	-53.4	-50.99	-31.26
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	333	331	322	315	288	61
Shares Outstanding (Diluted)	333	331	322	315	288	61
Shares Change	1.76%	2.83%	2.15%	9.28%	371.94%	0.51%
EPS (Basic)	-0.20	-0.22	-0.31	-0.17	-0.18	-0.51
EPS (Diluted)	-0.20	-0.22	-0.31	-0.17	-0.18	-0.51
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-60.46	-61.22	-78.29	-72.18	-61.15	-38.94
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Per Share	-0.18	-0.19	-0.24	-0.23	-0.21	-0.64
Gross Margin	27.75%	53.84%	63.14%	-	-	-
Operating Margin	-312.83%	-393.40%	-5355.29%	-	-	-
Profit Margin	-289.65%	-347.81%	-4911.03%	-	-	-
FCF Margin	-257.68%	-291.52%	-3837.84%	-	-	-
EBITDA	-62.78	-72.32	-100.94	-72.62	-76.98	-30.34
EBITDA Margin	-267.58%	-344.38%	-4948.04%	-	-	-
EBIT	-73.4	-82.61	-109.25	-78.16	-79.57	-32.01
EBIT Margin	-312.83%	-393.40%	-5355.29%	-	-	-
Effective Tax Rate	-0.15%	-0.32%	-0.19%	1.57%	-2.52%	-0.08%

SEC Filings: 10-K · 10-Q