# SES AI Corporation (SES)

**Exchange:** NYSE  
**Sector:** Consumer Cyclical  
**Market cap:** $362M  
**Price:** $1.09 (+3.30%)

> SES AI Corporation develops and produces AI-enhanced lithium-metal and lithium-ion rechargeable battery technologies and materials. The company specializes in high-performance batteries featuring advanced chemistries that prioritize superior energy density, power output, and efficiency over traditional lithium-ion designs. These batteries serve critical applications across multiple sectors, including electric vehicles for enhanced range and performance, urban air mobility and drones for lightweight power needs, robotics for reliable operation, energy storage systems for residential and commercial use, and other emerging mobility solutions. SES AI Corporation manufactures and supplies battery cells, electrolytes, and complete systems to automotive original equipment manufacturers and various industry partners. Operating primarily in the United States and the Asia Pacific regions, it leverages artificial intelligence for material discovery and battery management to advance energy transition technologies. Founded in 2012 and headquartered in Woburn, Massachusetts, SES AI Corporation plays a pivotal role in the evolving landscape of next-generation energy storage.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $21M | $11M | -$83M | -$73M | — |
| 2024 | $2M | $1M | -$109M | -$100M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $273M | $58M | $215M | $30M | — |
| 2024 | $330M | $51M | $278M | $129M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$58M | $3M | -$61M |
| 2024 | -$66M | $12M | -$78M |
| 2023 | -$56M | $16M | -$72M |
| 2022 | -$47M | $15M | -$61M |
| 2021 | -$30M | $9M | -$39M |
| 2020 | -$11M | $982,000 | -$12M |

Source: [CompaniesByCap](https://companiesbycap.com/company/SES)