SES AI Corp. (SES)
NYSE · Miscellaneous Electrical Machinery, Equipment & Supplies · Manufacturing · CIK 1819142 · fiscal year ends in Dec
Closing price $0.79 on 30 Oct 2026; 52-week range $0.50 to $2.57.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $23.5M
- Net income, last twelve months
- -$68.0M
- Earnings per share
- -$0.20
- Gross margin
- 27.8%
- Operating margin
- -312.8%
- Net margin
- -289.6%
- Free cash flow
- -$60.5M
- Return on equity
- -36.3%
- Market value
- $294.8M
- Cash
- $64.1M
- Debt
- $0
- Debt to equity
- 0.00
- Shares outstanding
- 371.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $21.0M | -$82.6M | -$73.0M | -$0.22 | -$61.2M | 10-K filed 4 Mar 2026 |
| FY2024 | 31 Dec 2024 | $2.0M | -$109.2M | -$100.2M | -$0.31 | -$78.3M | 10-K filed 28 Feb 2025 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $5.1M | -$17.9M | -$0.05 |
| Q1 FY2026 | 31 Mar 2026 | $6.7M | -$12.1M | -$0.04 |
| Q4 FY2025 | 31 Dec 2025 | $4.6M | -$17.0M | -$0.05 |
| Q3 FY2025 | 30 Sep 2025 | $7.1M | -$20.9M | -$0.06 |
| Q2 FY2025 | 30 Jun 2025 | $3.5M | -$22.7M | -$0.07 |
| Q1 FY2025 | 31 Mar 2025 | $5.8M | -$12.4M | -$0.04 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Service | $13.6M | 64.7% |
| Product | $7.4M | 35.3% |
Company events
The newest 8-K filings of 66 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 14 Aug 2026 | 8-K | Delisting notice | 3.01 |
| 11 Aug 2026 | 8-K | Results, Leadership change | 2.02, 5.02, 9.01 |
| 20 Jul 2026 | 8-K | Delisting notice, Investor update | 3.01, 7.01, 9.01 |
| 23 Apr 2026 | 8-K | Results, Leadership change, Investor update | 2.02, 5.02, 7.01, 9.01 |
| 1 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 4 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 16 Jan 2026 | 8-K | Investor update | 7.01, 9.01 |
| 7 Nov 2025 | 8-K | Leadership change | 5.02 |
| 5 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 3 Oct 2025 | 8-K | Shareholder vote | 5.07 |
| 3 Sep 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 2 Sep 2025 | 8-K | Other events | 8.01 |
Every filing
The newest filings with the SEC of 190 held.
| Filed | Form | Period |
|---|---|---|
| 27 Oct 2026 | ARS | 31 Dec 2025 |
| 27 Oct 2026 | DEFA14A | – |
| 27 Oct 2026 | DEF 14A | 10 Dec 2026 |
| 16 Oct 2026 | PRE 14A | 10 Dec 2026 |
| 31 Aug 2026 | 25-NSE | – |
| 14 Aug 2026 | 8-K | 13 Aug 2026 |
| 11 Aug 2026 | 10-Q | 30 Jun 2026 |
| 11 Aug 2026 | 8-K | 6 Aug 2026 |
| 20 Jul 2026 | 8-K | 17 Jul 2026 |
| 5 May 2026 | EFFECT | – |
| 1 May 2026 | CORRESP | – |
| 1 May 2026 | UPLOAD | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 22 May 2026 | Pilkington Kyle, CHIEF LEGAL OFFICER | Sale under a trading plan | 25,000 | $1.20 | $30.0K | 1,023,548 | 27 May 2026 |
| 9 Mar 2026 | Pilkington Kyle, CHIEF LEGAL OFFICER | Sale under a trading plan | 25,000 | $1.20 | $30.0K | 780,203 | 11 Mar 2026 |
| 23 Jan 2026 | Gan Hong, CHIEF SCIENCE OFFICER | Sale under a trading plan | 100,000 | $2.50 | $250.3K | 1,253,286 | 23 Jan 2026 |
| 22 Jan 2026 | Gan Hong, CHIEF SCIENCE OFFICER | Sale under a trading plan | 150,000 | $2.50 | $374.4K | 1,253,286 | 23 Jan 2026 |
| 15 Dec 2025 | Gan Hong, CHIEF SCIENCE OFFICER | Sale under a trading plan | 100,000 | $1.98 | $197.9K | 1,253,286 | 16 Dec 2025 |
| 17 Nov 2025 | Gan Hong, CHIEF SCIENCE OFFICER | Sale under a trading plan | 150,000 | $1.90 | $285.2K | 1,253,286 | 18 Nov 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 15 Jun 2026 | JING L NEALIS, Former Affiliate | 156,500 | $180.3K | 15 Jun 2026 |
| 8 Jun 2026 | HONG GAN, Officer | 150,000 | $177.0K | 8 Jun 2026 |
| 4 Jun 2026 | JING L NEALIS, Former Affiliate | 200,000 | $267.4K | 4 Jun 2026 |
| 2 Jun 2026 | JING L NEALIS, Former Affiliate | 250,000 | $353.6K | 2 Jun 2026 |
| 27 May 2026 | JING L NEALIS, Former Affiliate | 96,069 | $125.2K | 27 May 2026 |
| 22 May 2026 | KYLE H PILKINGTON, Officer | 25,000 | $28.8K | 22 May 2026 |
| 9 Mar 2026 | KYLE H PILKINGTON, Officer | 25,000 | $28.3K | 9 Mar 2026 |
| 22 Jan 2026 | HONG GAN, Officer | 250,000 | $590.0K | 22 Jan 2026 |
| 17 Nov 2025 | HONG GAN, Officer | 250,000 | $497.5K | 17 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 30 Jul 2026 | BlackRock, Inc. | 13G | 5.8% | 18.8M |
| 21 Jan 2026 | Tianqi Lithium HK Co., Ltd. | 13G amended | 7.8% | 24.9M |
| 10 Nov 2025 | Temasek Holdings (Private) Limited | 13G amended | 1% | 3.2M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 42.9M | -16.18% | 1.3 |
| 30 Sep 2026 | 51.2M | -1.09% | 2.63 |
| 15 Sep 2026 | 51.8M | +16.41% | 2.3 |
| 31 Aug 2026 | 44.5M | +2.57% | 4.67 |
| 14 Aug 2026 | 43.3M | -1.99% | 2.58 |
| 31 Jul 2026 | 44.2M | +32.15% | 2.06 |
| 15 Jul 2026 | 33.5M | +8.36% | 2.53 |
| 30 Jun 2026 | 30.9M | +39.33% | 2.37 |
Funds that hold it
From each fund's latest Form 13F.
175 funds held it at 30 Jun 2026: 70 added and 30 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 18,946,396 | $18.2M | +13,465,285 |
| Artemis Investment Management LLP | 133,282 | $13.7M | +133,282 |
| Invesco Ltd. | 10,265,727 | $9.9M | +2,368,031 |
| State Street Corp. | 9,621,184 | $9.2M | +6,582,374 |
| Vanguard Capital Management LLC | 9,585,985 | $9.2M | +114,877 |
| Geode Capital Management, LLC | 6,619,239 | $6.4M | +3,425,485 |
| Two Sigma Investments, LP | 5,711,123 | $5.5M | +3,721,104 |
| Temasek Holdings (Private) Ltd | 3,160,712 | $3.0M | 0 |
| General Motors Holdings LLC | 2,921,950 | $2.8M | 0 |
| Charles Schwab Investment Management Inc. | 2,147,594 | $2.1M | +547,826 |
Peers
Companies in the same industry.
- EnerSys (ENS): revenue $3.8B, market value $5.8B
- Novanta Inc. (NOVT): revenue $1.0B, market value $5.5B
- Spectrum Brands Holdings, Inc. (SPB): revenue $2.9B, market value $1.9B
- Energizer Holdings, Inc. (ENR): revenue $3.0B, market value $1.6B
- Amprius Technologies, Inc. (AMPX): revenue $109.2M, market value $1.3B
- Enovix Corp. (ENVX): revenue $35.9M, market value $688.3M
- Eos Energy Enterprises, Inc. (EOSE): revenue $214.2M, market value $648.8M
- Energy Vault Holdings, Inc. (NRGV): revenue $225.9M, market value $556.0M
- Solid Power, Inc. (SLDP): revenue $11.0M, market value $447.6M
- Ultralife Corp. (ULBI): revenue $187.2M, market value $260.4M