GuruFocus·Jun 29, 2026
SES AI Announces Inclusion in Russell 3000®IndexSES AI Corporation (âSES AI,â the âCompany,â âweâ or âusâ) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced hig
SES AI Corporation(SES)Earnings, Financials & Key Ratios
SES•NYSE
$0.89
Price updated Jul 6, 2026
SectorConsumer CyclicalIndustryAuto Parts & EquipmentSub-IndustryElectrified Powertrain and Batteries
AboutSES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles and other applications. The company was founded in 2012 and is headquartered in Boston, Massachusetts.Show more
- Revenue$21M+929.4%
- EBITDA-$72M+28.4%
- Net Income-$73M+27.1%
- EPS (Diluted)-0.22+29.0%
- Gross Margin53.84%-14.7%
- EBITDA Margin-344.38%+93.0%
- Operating Margin-393.4%+92.7%
- Net Margin-347.81%+92.9%
- ROE-29.63%+5.8%
SES Price & Volume
SES AI Corporation (SES) stock price & volume — 10-year historical chart
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Persistent R&D Spending Masks Commercial Viability Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Limited liquidity and commercialization
Key Thesis Takeaways
- SES AI Corporation remains in a high-risk, pre-commercial development phase characterized by volatile, milestone-dependent revenue and significant quarterly operating losses.
- While the company maintains a low debt-to-equity ratio of 0.03, the rapid erosion of its cash position from $129.6 million in 2024Q1 to $46.9 million in 2026Q1 suggests an urgent need for further capital to sustain operations.
- Investors should monitor the company's ability to transition from prototype-based joint development agreements to scalable manufacturing, as current financial performance remains heavily reliant on external funding.
Verdict Logic
the company's cash and equivalents have plummeted to $46.9 million as of 2026Q1, creating a precarious liquidity profile that necessitates further dilutive financing to support ongoing operations.
SES Growth Metrics
SES AI Corporation (SES) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.07%
5 Years-
3 Years-
TTM179.82%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM25.09%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM26.57%
Return on Capital
10 Years-46.81%
5 Years-27.7%
3 Years-26.87%
Last Year-29.75%
SES Recent Earnings
SES AI Corporation (SES) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 4/12 qtrs (67%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.03-200.0%
$0.01
Rev
$7M+83.8%
$4M
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.04+33.3%
$0.06
Rev
$5M-34.0%
$7M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.06-100.0%
$0.03
Rev
$7M+55.3%
$5M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.07-40.0%
$0.05
Rev
$4M-27.0%
$5M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.03vs $0.01-200.0% | $7Mvs $4M+83.8% |
| Q2 2026 | Mar 4, 2026 | $0.04vs $0.06+33.3% | $5Mvs $7M-34.0% |
| Q4 2025 | Nov 5, 2025 | $0.06vs $0.03-100.0% | $7Mvs $5M+55.3% |
| Q3 2025 | Aug 4, 2025 | $0.07vs $0.05-40.0% | $4Mvs $5M-27.0% |
Based on last 12 quarters of dataView full earnings history →
Latest SES News
Recent stock market news and headlines for SES AI Corporation (SES)
Business Wire·Jun 29, 2026
SES AI Announces Inclusion in Russell 3000®IndexWOBURN, Mass.--(BUSINESS WIRE)---- $SES #AI--SES AI Corporation (“SES AI,” the “Company,” “we” or “us”) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced that it has been added to the Russell 3000® Index. The newly reconstituted Russell 3000® Index will begin trading at the market open on Monday, June 29, 2026. Russell indexes are widely used by investment managers and institutional investors for index funds and a.
PRNewsWire·Jun 29, 2026
SES AI Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - SESLOS ANGELES, June 29, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against SES AI Corporation ("SES" or "the Company") (NYSE: SES) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of SES during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments.
Peers Comparison
Key metrics vs top competitors for SES AI Corporation (SES)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.89 | $288.05M | -4.06 | 929.41% | -347.81% | -29.63% | — | |
| $7.24 | $4.44B | -9.53 | — | — | -37.3% | — | |
| $2.62 | $569.32K | -5.14 | 7.98% | -485.47% | -21.56% | — | |
| $1.17 | $389.79M | -13.00 | 12.56% | -11.52% | -10.76% | — | |
| $0.55 | $48.56M | -5.48 | 10.52% | -7.43% | -0.06% | — | |
| $13.09 | $1.85B | -37.40 | 202.11% | -43.98% | -40.4% | — |
Compare SES vs Peers
SES AI Corporation (SES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SES SEC Filings & Documents
SES AI Corporation (SES) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 23, 2026·SEC
Material company update
Apr 1, 2026·SEC
Material company update
Mar 4, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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SES Frequently Asked Questions
SES AI Corporation (SES) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is SES AI Corporation's revenue?
SES AI Corporation (SES) reported $21.9M in revenue for fiscal year 2025. This represents a 6542% increase from $0.3M in 2008.
How fast is SES AI Corporation growing?
SES AI Corporation (SES) grew revenue by 929.4% over the past year. This is strong growth.
Is SES profitable?
SES AI Corporation (SES) reported a net loss of $72.7M for fiscal year 2025.
Dividend & Returns
What is SES's return on equity?
SES AI Corporation (SES) has a return on equity (ROE) of -29.6%. Negative ROE indicates the company is unprofitable.
What is SES AI Corporation's free cash flow?
SES AI Corporation (SES) had negative free cash flow of $57.7M in fiscal year 2025, likely due to heavy capital investments.