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Companies / Industrials / SES AI Corp
SES

SES AI Corp

IndustrialsElectronic Equipment
Ticker SESWOBURN, MAFiscal year ends DecemberBook value per share $0.56Diluted shares 334.6M

SES AI Corporation (NYSE: SES) develops and manufactures lithium-metal and lithium-ion rechargeable battery technologies, battery materials and AI-based software for energy storage systems (ESS), drones, urban air mobility, robotics and electric vehicles. Its offerings include integrated ESS hardware and battery… From the company’s description.

In fiscal 2025, SES AI Corp reported revenue of $21.00M, up 929.4% from fiscal 2024, and a net loss of $73.04M. Its operating margin was −393.4%, and operations used $58.36M in cash. Over the twelve months to Jun 30, 2026, revenue was $23.46M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$21.00MFY2025
+929.4% year over year
Last 12 mo $23.46M
-393.40%FY2025
+4961.9 percentage points
Last 12 mo -312.83%
$-73.04MFY2025
+27.1% year over year
Last 12 mo $-67.96M
-34.01%FY2025
+2 percentage points
Last 12 mo -36.33%
Cash & financing
$-58.36MFY2025
+11.7% year over year
Last 12 mo $-58.34M
$-61.22MFY2025
+21.8% year over year
Last 12 mo $-60.46M
—
330.9MFY2025
+2.8% year over year
Last 12 mo 334.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What SES AI Corp does

In the company’s own words

SES AI Corporation (NYSE: SES) develops and manufactures lithium-metal and lithium-ion rechargeable battery technologies, battery materials and AI-based software for energy storage systems (ESS), drones, urban air mobility, robotics and electric vehicles. Its offerings include integrated ESS hardware and battery health and safety software; high-energy- and high-power-density cells; materials developed using its Molecular Universe platform; and subscriptions to that platform, available through cloud access or on-premises deployment. Customers include energy storage buyers, battery professionals, original equipment manufacturers and other potential users of cells and materials. The company operates across ESS, drone and mobility battery cells, battery materials, and Molecular Universe software, using contract manufacturers and a joint venture to support materials production. It acquired ESS manufacturer UZ Energy in September 2025 and formed a joint venture with electrolyte manufacturer Hisun to produce discovered materials commercially. For the year ended December 31, 2025, SES had approximately 215 full-time employees and generated $[amount unavailable] in revenue. Its website is www.ses.ai.

Company details
Sector
Industrials
Industry (SIC)
Electronic Equipment
Headquarters
WOBURN, MA
Fiscal year end
December
CIK
1819142
SIC
3690

Financial performance, year by year

Fiscal 2021–2025 · USD
$-112.55M$-75.46M$-38.36M$-1.27M$35.83M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns SES AI Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

77
funds hold it
0 of 35
superinvestors hold it
$38.75M
held by funds, at market
11.7%
of shares held by funds

Largest fund holders · SES AI Corp’s weight in each

iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Invesco WilderHill Clean Energy ETF
PBW · Invesco Exchange-Traded Fund Trust
—of fund net assets
0.16%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do SES AI Corp and its peers compare on margins and cash generation over ten years?”
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