SES AI Corporation (SES) — Financial statements
Income statement, balance sheet, and cash flow for SES AI Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 21↑929.4% | 2 | 0.00 | 0.00 | 0.00 | |
| Cost of Revenue | 10↑1189.0% | 0.75 | 0.00 | 0.00 | 0.00 | |
| Gross Profit | 11↑777.9% | 1 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | ||||||
| R&D Expenses | 67↓7.1% | 72↑135.2% | 31↑9.7% | 28↑80.3% | 16 | |
| General & Administrative Expenses | 27↓30.0% | 38↓19.1% | 47↓8.0% | 52↑212.9% | 16 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 27↓30.0% | 38↓19.1% | 47↓8.0% | 52↑212.9% | 16 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 94↓15.0% | 111↑41.4% | 78↓1.8% | 80↑148.6% | 32 | |
| Total Costs & Expenses | 104↓6.9% | 111↑42.4% | 78↓1.8% | 80↑148.6% | 32 | |
| Operating Results | ||||||
| Operating Income | -83↑24.4% | -109↓39.8% | -78↑1.8% | -80↓148.6% | -32 | |
| Depreciation & Amortization | 10↑23.9% | 8↑49.9% | 6↑113.4% | 3↑56.2% | 2 | |
| EBITDA | -72↑28.4% | -101↓39.0% | -73↑5.7% | -77↓153.7% | -30 | |
| EBIT | -83↑24.4% | -109↓39.8% | -78↑1.8% | -80↓148.6% | -32 | |
| Interest & Other Income | ||||||
| Net Interest Income | 9↓37.9% | 15↓9.9% | 17↑169.3% | 6↑2398.4% | 0.25 | |
| Interest Income | 9↓37.9% | 15↓9.9% | 17↑169.3% | 6↑2398.4% | 0.25 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 10↑6.0% | 9↓61.3% | 24↓19.9% | 30↑3744.7% | 0.78 | |
| Income Before Tax | -73↑27.2% | -100↓84.3% | -54↓9.1% | -50↓59.3% | -31 | |
| Income Tax Expense | 0.23↑22.9% | 0.19↑122.0% | -0.85↓168.0% | 1↑4920.0% | 0.03 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -73↑27.1% | -100↓87.6% | -53↓4.7% | -51↓63.2% | -31 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -73↑27.1% | -100↓87.6% | -53↓4.7% | -51↓63.2% | -31 | |
| Bottom-Line Net Income | -73↑27.1% | -100↓87.6% | -53↓4.7% | -51↓63.2% | -31 | |
| EPS (Basic) | -0.22↑29.0% | -0.31↓82.4% | -0.17↑5.6% | -0.18↑64.7% | -0.51 | |
| EPS (Diluted) | -0.22↑29.0% | -0.31↓82.4% | -0.17↑5.6% | -0.18↑64.7% | -0.51 | |
| Weighted Average Shares | 331↑2.8% | 322↑2.1% | 315↑9.3% | 288↑371.9% | 61 | |
| Weighted Average Diluted Shares | 331↑2.8% | 322↑2.1% | 315↑9.3% | 288↑371.9% | 61 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.