SES AI Corporation (SES) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 200.57M | 216.28M | 230.36M | 242.96M | 256.09M | 276.9M | 291.5M | 310.14M | 327.11M | 348.63M | 352.12M | 369.71M | 362.79M | 396.64M | 402.24M | 415.87M | 441.03M | 169.97M | 182.18M | 1.42M |
| Cash & Short-Term Investments | 177.68M | 199.63M | 214.01M | 228.88M | 239.76M | 262.54M | 273.72M | 294.75M | 318.76M | 332.45M | 342.16M | 356.62M | 353.12M | 390.08M | 394.66M | 404.61M | 426.08M | 160.5M | 180.09M | 501.23K |
| Cash Only | 46.94M | 29.54M | 35.27M | 11.76M | 56.05M | 128.8M | 66.74M | 54.82M | 129.61M | 85.67M | 49.94M | 51.47M | 47.98M | 106.62M | 394.66M | 404.61M | 426.08M | 160.5M | 30.09M | 501.23K |
| Short-Term Investments | 130.74M | 170.09M | 178.74M | 217.12M | 183.71M | 133.75M | 206.98M | 239.94M | 189.15M | 246.78M | 292.23M | 305.14M | 305.14M | 283.46M | 0 | 0 | 0 | 0 | 150M | 0 |
| Accounts Receivable | 8.18M | 4.78M | 3.37M | 3.01M | 1.51M | 950K | 2.56M | 590K | 1.22M | 3.91M | 2.48M | 6M | 2.81M | 2.38M | 1.98M | 5.39M | 7.54M | 7.91M | 0 | 0 |
| Days Sales Outstanding | 86.94 | 82.24 | 41.24 | 58.27 | 19.09 | 79.21 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 6.96M | 5.15M | 3.66M | 114K | 155K | 212K | 320K | 519K | 425K | 558K | 596K | 303K | 502K | 383K | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 99.19 | 100.14 | 49.83 | 13.2 | 13.36 | - | 17.33 | 22.08 | 25.99 | 32.91 | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 6.71M | 0 | 10.96M | 14.66M | 13.2M | 14.89M | 14.28M | 6.71M | 11.71M | 6.88M | 6.79M | 6.36M | 3.79M | 0 | 0 | 0 | 954.1K | 0 | 0 |
| Total Non-Current Assets | 52.95M | 56.37M | 58.41M | 47.5M | 49.89M | 52.88M | 58.41M | 58.23M | 58.77M | 58.18M | 51.14M | 48.27M | 65.08M | 43.8M | 40.01M | 37.73M | 33.38M | 23.38M | 15.55M | 276.05M |
| Property, Plant & Equipment | 26.32M | 36.5M | 39.2M | 42.83M | 45.18M | 48.09M | 52.82M | 52.36M | 51.82M | 51.06M | 46.34M | 43.97M | 39.51M | 39.12M | 35.72M | 31.75M | 27.46M | 12.49M | 5.66M | 0 |
| Fixed Asset Turnover | 0.21x | 0.12x | 0.17x | 0.08x | 0.12x | 0.04x | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 13.27M | 13.27M | 12.62M | 0 | 0 | 0 | 0 | 0 | 1.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.63M | 0 |
| Intangible Assets | 2.75M | 2.81M | 2.87M | 1.15M | 1.19M | 1.22M | 1.25M | 1.28M | 1.31K | 1.34M | 1.38M | 1.41M | 1.44M | 1.47M | 1.5M | 1.54M | 1.71M | 1.63M | 1.63K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.25M | 1.27M | 0 | 1.27M | 1.28M | 19.54M | 0 | 0 | 0 | 475K | 0 | 276.05M | 276.05M |
| Other Non-Current Assets | 9.09M | 2.26M | 3.71M | 2.18M | 2.2M | 2.24M | 3.28M | 2.28M | 3.31M | 4.72M | 3.42M | 2.89M | 4.6M | 3.21M | 2.78M | 4.45M | 4.22M | 9.26M | 5.58M | 0 |
| Total Assets | 253.52M | 272.65M | 288.77M | 290.46M | 305.98M | 329.79M | 349.91M | 368.37M | 385.88M | 406.81M | 403.25M | 417.98M | 427.87M | 440.44M | 442.25M | 453.6M | 474.41M | 193.35M | 197.73M | 277.47M |
| Asset Turnover | 0.03x | 0.02x | 0.02x | 0.01x | 0.02x | 0.01x | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Asset Growth % | -17.15% | -17.33% | -17.47% | -21.15% | -20.71% | -18.93% | -13.23% | -11.87% | -9.81% | -7.64% | -8.82% | -7.85% | -9.81% | 127.79% | 123.66% | 63.48% | 71.11% | 686.34% | - | - |
| Total Current Liabilities | 29.24M | 24.16M | 28.01M | 19.5M | 16.41M | 22.82M | 19.13M | 13.96M | 13.94M | 20.36M | 15.8M | 16.61M | 16.26M | 19.36M | 16.93M | 15.11M | 27.68M | 10.98M | 7M | 231.71K |
| Accounts Payable | 5.92M | 5.69M | 4.78M | 1.98M | 1.81M | 1.9M | 2.23M | 2.36M | 2.76M | 4.83M | 5.82M | 5.07M | 2.79M | 6.19M | 4.24M | 7.36M | 16.76M | 4.71M | 3.64M | 49.94K |
| Days Payables Outstanding | 95.08 | 119.02 | 89.32 | 186.17 | 135.18 | - | 94.95 | 119.89 | 200.72 | 303.72 | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 2.3M | 0 | 0 | 0 | 0 | 2.62M | 2.47M | 2.44M | 2.4M | 2.14M | 2.1M | 0 | 0 | 1.82M | 1.63M | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 347K | 77K | 0 | 0 | 0 | 2.77M | 4.19M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 8.03M | 15.67M | 3.33M | 13.74M | 6.23M | 16.54M | 9.69M | 428K | 5.68M | 9.16M | 5.12M | 6.64M | 4.67M | 4.09M | 6.5M | 4.09M | 4.66M | 853K | 949K | 181.76K |
| Current Ratio | 6.86x | 8.95x | 8.23x | 12.46x | 15.61x | 12.14x | 15.24x | 22.22x | 23.46x | 17.13x | 22.28x | 22.27x | 22.32x | 20.49x | 23.75x | 27.52x | 15.93x | 15.47x | 26.03x | 6.13x |
| Quick Ratio | 6.62x | 8.74x | 8.09x | 12.45x | 15.60x | 12.13x | 15.22x | 22.18x | 23.43x | 17.10x | 22.25x | 22.25x | 22.28x | 20.47x | 23.75x | 27.52x | 15.93x | 15.47x | 26.03x | 6.13x |
| Cash Conversion Cycle | 91.04 | 63.35 | 1.76 | -114.7 | -102.73 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 21.03M | 33.73M | 32.56M | 21.73M | 19.72M | 28.66M | 21.49M | 22.84M | 15.64M | 27.5M | 23.73M | 26.82M | 29.29M | 29.54M | 31.6M | 26.69M | 54.33M | 270.69M | 270.61M | 39.76M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.15M | 0 | 631.26K |
| Capital Lease Obligations | 5.42M | 5.81M | 6.19M | 6.57M | 6.9M | 7.98M | 8.41M | 9.35M | 9.69M | 11.32M | 9.53M | 10.47M | 9.9M | 10.16M | 10.06M | 9.83M | 10.11M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 15.62M | 27.92M | 17.11M | 5.65M | 4.16M | 12.08M | 3.49M | 4.47M | 5.95M | 6.92M | 7.99M | 10M | 12.95M | 12.72M | 21.54M | 16.86M | 44.22M | 269.54M | 270.61M | 39.13M |
| Total Liabilities | 50.27M | 57.89M | 60.57M | 41.23M | 36.13M | 51.48M | 40.62M | 36.8M | 38.49M | 47.86M | 39.53M | 43.43M | 45.55M | 48.9M | 48.53M | 41.8M | 82.01M | 281.68M | 277.61M | 39.99M |
| Total Debt | 7.01M | 8.11M | 8.46M | 9.3M | 9.53M | 10.56M | 11.03M | 11.82M | 12.12M | 13.72M | 11.68M | 12.57M | 11.97M | 12.06M | 11.88M | 11.46M | 11.8M | 1.15M | 1.06M | 631.26K |
| Net Debt | -39.92M | -21.43M | -26.82M | -2.45M | -46.52M | -118.23M | -55.71M | -42.99M | -117.49M | -71.95M | -38.26M | -38.91M | -36.01M | -94.56M | -382.78M | -393.14M | -414.27M | -159.34M | -29.03M | 130.03K |
| Debt / Equity | 0.03x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.03x | 0.04x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | - | - | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 203.25M | 214.75M | 228.2M | 249.23M | 269.86M | 278.31M | 309.28M | 331.57M | 347.39M | 358.95M | 363.72M | 374.56M | 382.33M | 391.54M | 393.71M | 411.8M | 392.41M | -88.32M | -79.88M | 237.48M |
| Equity Growth % | -24.68% | -22.84% | -26.22% | -24.83% | -22.32% | -22.47% | -14.97% | -11.48% | -9.14% | -8.32% | -7.62% | -9.05% | -2.57% | 543.31% | 592.9% | 73.41% | 58.28% | -42.3% | - | - |
| Book Value per Share | 0.61 | 0.65 | 0.69 | 0.75 | 0.82 | 0.85 | 0.96 | 1.03 | 1.09 | 1.13 | 1.15 | 1.19 | 1.22 | 1.26 | 1.26 | 1.33 | 1.79 | -0.25 | -0.23 | 0.68 |
| Total Shareholders' Equity | 203.25M | 214.75M | 228.2M | 249.23M | 269.86M | 278.31M | 309.28M | 331.57M | 347.39M | 358.95M | 363.72M | 374.56M | 382.33M | 391.54M | 393.71M | 411.8M | 392.41M | -88.32M | -79.88M | 237.48M |
| Common Stock | 37K | 37K | 36K | 37K | 36K | 36K | 35K | 35K | 35K | 35K | 35K | 35K | 35K | 35K | 34K | 34K | 34K | 6K | 553.07M | 1.13K |
| Retained Earnings | -384.01M | -371.91M | -354.87M | -333.95M | -311.3M | -298.87M | -264.33M | -234.14M | -214.24M | -198.69M | -187.93M | -174.46M | -161.51M | -145.29M | -136.64M | -112.31M | -121.33M | -94.29M | -81.26M | -8.95M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.24M | -1.73M | -3.16M | -2.54M | -2.21M | -2.23M | -1.35M | -2.52M | -2.37M | -1.61M | -2.78M | -2.92M | -712K | -1.25M | -2.1M | -901K | 476K | 367K | 181K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |