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10-K

Annual Report

SES AI Corporation SES SES-WT

0001819142-26-000010

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Filed
Mar 4, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 330.92M sh
Shares Diluted FY 2025 · Dec 31, 2024 321.82M sh
Shares Outstanding FY 2025 · Dec 31, 2025 365.43M sh
Shares Outstanding FY 2025 · Dec 31, 2024 361.56M sh
Stock Repurchased FY 2025 · Dec 31, 2025 $1.61M
Capex FY 2025 · Dec 31, 2025 $2.86M
Capex FY 2025 · Dec 31, 2024 $12.21M
Operating Cash Flow FY 2025 · Dec 31, 2025 −$58.36M
Operating Cash Flow FY 2025 · Dec 31, 2024 −$66.09M
Short Term Debt FY 2025 · Dec 31, 2025 $830K
Cash And Equivalents FY 2025 · Dec 31, 2025 $29.54M
Cash And Equivalents FY 2025 · Dec 31, 2024 $128.8M
Stockholders Equity FY 2025 · Dec 31, 2025 $214.76M
Stockholders Equity FY 2025 · Dec 31, 2024 $278.31M
Current Liabilities FY 2025 · Dec 31, 2025 $24.16M
Current Liabilities FY 2025 · Dec 31, 2024 $22.82M
Total Liabilities FY 2025 · Dec 31, 2025 $57.89M
Total Liabilities FY 2025 · Dec 31, 2024 $51.48M
Current Assets FY 2025 · Dec 31, 2025 $216.28M
Current Assets FY 2025 · Dec 31, 2024 $276.9M
Total Assets FY 2025 · Dec 31, 2025 $272.65M
Total Assets FY 2025 · Dec 31, 2024 $329.79M
Eps Diluted FY 2025 · Dec 31, 2025 −$0.22
Eps Diluted FY 2025 · Dec 31, 2024 −$0.31
Eps Basic FY 2025 · Dec 31, 2025 −$0.22
Eps Basic FY 2025 · Dec 31, 2024 −$0.31
Sga Expense FY 2025 · Dec 31, 2025 $26.88M
Sga Expense FY 2025 · Dec 31, 2024 $38.4M
Rd Expense FY 2025 · Dec 31, 2025 $67.05M
Rd Expense FY 2025 · Dec 31, 2024 $72.14M
Net Income FY 2025 · Dec 31, 2025 −$73.04M
Net Income FY 2025 · Dec 31, 2024 −$100.19M
Operating Income FY 2025 · Dec 31, 2025 −$82.61M
Operating Income FY 2025 · Dec 31, 2024 −$109.25M
Gross Profit FY 2025 · Dec 31, 2025 $11.31M
Gross Profit FY 2025 · Dec 31, 2024 $1.29M
Cost Of Revenue FY 2025 · Dec 31, 2025 $9.69M
Cost Of Revenue FY 2025 · Dec 31, 2024 $752K
Revenue FY 2025 · Dec 31, 2025 $21M
Revenue FY 2025 · Dec 31, 2024 $2.04M