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Home›SES›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

SES AI Corp (SES) financials

Income statement

SES AI Corp (SES) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue————$2.04M$21.0M
Revenue growth—————929.4%
Gross profit————$1.29M$11.3M
Gross margin————63.1%53.8%
Operating income-$13.9M-$32.0M-$79.6M-$78.2M-$109M-$82.6M
Operating margin————-5355.3%-393.4%
Net income-$13.9M-$31.3M-$51.0M-$53.4M-$100M-$73.0M
Net margin————-4911.0%-347.8%
EPS (diluted)-$0.23-$0.51-$0.18-$0.17-$0.31-$0.22

Cash flow

SES AI Corp (SES) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$11.0M-$30.0M-$46.5M-$56.4M-$66.1M-$58.4M
Capital expenditures$982K$8.95M$14.7M$15.8M$12.2M$2.86M
Free cash flow-$12.0M-$38.9M-$61.2M-$72.2M-$78.3M-$61.2M
Share buybacks—————$1.60M

Balance sheet

SES AI Corp (SES) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$161K$160M$107M$85.7M$129M$29.5M
Total assets$574K$193M$440M$407M$330M$273M
Total liabilities$582K$11.7M$48.9M$47.9M$51.5M$57.9M
Shareholders' equity$0.00-$88.3M$392M$359M$278M$215M
Retained earnings-$32.8K-$94.3M-$145M-$199M-$299M-$372M
Shares (wtd avg diluted)60.8M61.1M288M315M322M331M

Every figure is extracted from SES AI Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is SES AI Corp's annual revenue?
SES AI Corp (SES) reported $21.0M of revenue for fiscal year 2025 — up 929.4% from $2.04M in FY2024, per its annual report filed with the SEC.
Is SES AI Corp profitable?
Not in FY2025 — SES reported a net loss of $73.0M, per SEC filings.
What is SES AI Corp's free cash flow?
-$61.2M in FY2025 (operating cash flow -$58.4M minus $2.86M of capital expenditures), from the SEC cash-flow statement.
Does SES pay a dividend?
SES AI Corp reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full SES analysis — verdict, score & filings →Is SES a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.