SES · XBRL financial data

SES AI financial statements, every fiscal year

The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (SES's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	—	—	—	2,040	21,000
Cost of revenue	—	—	—	752	9,693
Gross profit	—	—	—	1,288	11,307
Research and development	15,514	27,967	30,675	72,141	67,045
General and administrative	7,238	51,606	47,483	38,395	26,876
Total operating expenses	32,006	79,573	78,158	110,536	93,921
Operating income (loss)	(32,006)	(79,573)	(78,158)	(109,248)	(82,614)
Interest income	58	—	—	—	—
Other income (expense)	(312)	(1,793)	425	(479)	(1,210)
Income tax expense (benefit)	25	1,255	(853)	188	231
Net income (loss)	(11,540)	(50,993)	(53,400)	(100,185)	(73,040)
Earnings per share, basic USD per share	(0.51)	(0.18)	(0.17)	(0.31)	(0.22)
Earnings per share, diluted USD per share	(0.51)	(0.18)	(0.17)	(0.31)	(0.22)
Weighted average shares, basic thousands of shares	61,089	288,305	315,052	321,824	330,917
Weighted average shares, diluted thousands of shares	61,089	288,305	315,052	321,824	330,917

Fiscal years (SES's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	117	106,623	85,671	128,796	29,541
Marketable securities	—	283,460	246,775	133,748	170,091
Accounts receivable	—	—	—	950	4,783
Inventory	—	383	558	212	5,154
Prepaid and other current assets	1,563	3,792	11,712	13,198	6,707
Total current assets	726	396,641	348,627	276,904	216,276
Property and equipment, net	12,494	27,756	37,959	38,165	28,866
Right-of-use asset	—	11,363	13,099	9,927	7,638
Goodwill	—	—	—	0	13,272
Total assets	276,784	440,439	406,810	329,785	272,646
Accounts payable	89	6,187	4,830	1,901	5,694
Accrued liabilities	796	—	—	—	—
Total current liabilities	905	19,357	20,355	22,815	24,156
Lease liability, non-current	—	10,165	11,316	7,977	5,813
Total liabilities	41,931	48,900	47,860	51,475	57,891
Accumulated deficit	(41,148)	(145,286)	(198,686)	(298,871)	(371,911)
Total stockholders' equity	(41,147)	391,539	358,950	278,310	214,755
Total liabilities and equity	276,784	440,439	406,810	329,785	272,646
Common shares outstanding (cover page) thousands of shares	—	349,715	354,148	361,557	365,432

Fiscal years (SES's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(11,540)	(50,993)	(53,400)	(100,185)	(73,040)
Stock-based compensation	4,571	22,775	20,649	19,935	10,971
Net cash from operating activities	(2,298)	(46,500)	(56,412)	(66,086)	(58,362)
Purchases of property and equipment	8,951	14,654	15,763	12,206	2,858
Net cash from investing activities	(276,000)	(296,009)	32,719	108,192	(39,186)
Share repurchases	—	—	—	—	1,605
Net cash from financing activities	278,254	289,927	3,275	1,010	(1,961)
Net change in cash	(44)	(53,108)	(20,970)	42,429	(99,182)

SIC 3690 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3690 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
SES AI	64,136	5,072	(13,827)*	not reported	11.8 quarters	Q2 FY26 10-QJun 30, 2026
Factorial Energy	112,831	not reported	(11,163)*	not reported	10.1 quarters	Q2 FY26 10-QJun 30, 2026
Fluence Energy	339,328	649,848	(18,629)*	not reported	18.2 quarters	Q3 FY26 10-QJun 30, 2026
ChargePoint Holdings	95,330	116,075	(4,231)*	26.9M	4.4 quarters	Q2 FY27 10-QJul 31, 2026
Solid Power	23,278	1,224	(16,794)*	229.2M	12.5 quarters	Q3 FY26 10-QSep 30, 2026
Byrna Technologies	8,418	15,296	(436)*	23.4M	6.0 quarters	Q3 FY26 10-QAug 31, 2026
Amprius Technologies	74,517	34,032	(2,851)*	146.1M	26.1 quarters	Q2 FY26 10-QJun 30, 2026
Microvast Holdings	127,828	87,262	(10,513)*	384.5M	12.2 quarters	Q2 FY26 10-QJun 30, 2026
Spark I Acquisition	402	not reported	(291)*	not reported	1.4 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.