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SES AI Corporation

SES

NYSEConsumer CyclicalAuto - Parts

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Previous close

$0.5403

+$0.0318 · +6.25%

Aug 21, 4:00 PM ET

Pre-market

$0.5407

+$0.0004 · +0.07%

Aug 24, 7:27 AM ET

SES company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

72

Undervalued

Momentum

25

Weakening

Sentiment

62

Bullish

Risk resilience

32

High Risk

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Company profile

Company website

SES AI Corporation is dedicated to the creation and manufacturing of advanced, high-performance lithium-metal rechargeable batteries. These cutting-edge power sources are primarily intended for electric vehicles, though they also serve other various applications. The company, which was established in 2012, maintains its headquarters in Boston, Massachusetts.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
US
CEO
Qichao Hu
Listed since
Mar 1, 2021
Employees
215

Market position

Day range

Current $0.5403

52-week range

Current $0.5403

Open
$0.5234
Previous close
$0.5085
Volume
8.39M
0.64× average
Average volume
13.16M
Average daily volume
Market cap
196.89M USD
Beta
1.02
Market reference 1
50-day average
$0.7255
-25.53% below average
200-day average
$1.3738
-60.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
646.47M USD
P/E (TTM)
-2.64×
P/B (TTM)
0.97×
P/S (TTM)
8.39×
EV / EBITDA
-10.34×
Earnings yield
-12.26%
Free cash flow yield
-10.28%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.75%
Operating margin
-312.83%
Net margin
-289.64%
Return on equity
-34.01%
Return on assets
-26.79%
Return on invested capital
-32.83%

Financial health

Debt / equity
0.04×
Current ratio
8.95×
Altman Z-score
-0.03
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends605%-1562%-3730%-5897%Gross margin, FY2024: 63.14%Gross margin, FY2025: 53.84%Operating margin, FY2024: -5355.29%Operating margin, FY2025: -393.40%Net margin, FY2024: -4911.03%Net margin, FY2025: -347.81%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2024 63.14%. Gross margin FY2025 53.84%. Operating margin FY2024 -5355.29%. Operating margin FY2025 -393.40%. Net margin FY2024 -4911.03%. Net margin FY2025 -347.81%.

Income trends

Revenue

21M USD+929.41%

Operating income

−82.61M USD+24.38%

Net income

−73.04M USD+27.09%
Income trends across reported periods34.02M USD−18.07M USD−70.17M USD−122.27M USDRevenue, FY2024: 2.04M USDRevenue, FY2025: 21M USDOperating income, FY2021: −32.01M USDOperating income, FY2022: −79.57M USDOperating income, FY2023: −78.16M USDOperating income, FY2024: −109.25M USDOperating income, FY2025: −82.61M USDNet income, FY2021: −31.26M USDNet income, FY2022: −50.99M USDNet income, FY2023: −53.4M USDNet income, FY2024: −100.19M USDNet income, FY2025: −73.04M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2024 2.04M USD. Revenue FY2025 21M USD. Operating income FY2021 −32.01M USD. Operating income FY2022 −79.57M USD. Operating income FY2023 −78.16M USD. Operating income FY2024 −109.25M USD. Operating income FY2025 −82.61M USD. Net income FY2021 −31.26M USD. Net income FY2022 −50.99M USD. Net income FY2023 −53.4M USD. Net income FY2024 −100.19M USD. Net income FY2025 −73.04M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue21M USD2.04M USD———
Cost of goods sold9.69M USD752K USD———
Gross profit11.31M USD1.29M USD———
Research and development67.05M USD72.14M USD30.68M USD27.97M USD15.51M USD
Selling, general, and administrative26.88M USD38.4M USD47.48M USD51.61M USD16.49M USD
Operating expenses93.92M USD110.54M USD78.16M USD79.57M USD32.01M USD
Interest income9.34M USD15.04M USD16.69M USD6.2M USD248K USD
Depreciation and amortization10.3M USD8.31M USD5.54M USD2.6M USD1.66M USD
Operating income−82.61M USD−109.25M USD−78.16M USD−79.57M USD−32.01M USD
Net income−73.04M USD−100.19M USD−53.4M USD−50.99M USD−31.26M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 6 misses, 1 met estimate
Average EPS surprise
-33.52%
11 comparable reports
Latest EPS result
-0.04
Estimate -0.04 · Beat by 3.96%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.01-0.06-0.1-0.15Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual -0.11, estimate -0.07, surprise -57.14%, Miss. Q2 2025, reported Apr 24, 2025: actual -0.04, estimate -0.07, surprise +42.86%, Beat. Q3 2025, reported Aug 4, 2025: actual -0.07, estimate -0.05, surprise -40.00%, Miss. Q4 2025, reported Nov 5, 2025: actual -0.06, estimate -0.03, surprise -100.00%, Miss. Q1 2026, reported Mar 4, 2026: actual -0.04, estimate -0.06, surprise +33.33%, Beat. Q2 2026, reported Apr 23, 2026: actual -0.03, estimate -0.01, surprise -200.00%, Miss. Q3 2026, reported Aug 11, 2026: actual -0.04, estimate -0.042, surprise +3.96%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate -0.04, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.56M5.61M3.65M1.7MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 2.04M USD, estimate 2M USD, surprise +2.00%, Beat. Q2 2025, reported Apr 24, 2025: actual 5.79M USD, estimate 4.33M USD, surprise +33.68%, Beat. Q3 2025, reported Aug 4, 2025: actual 3.53M USD, estimate 4.83M USD, surprise -27.03%, Miss. Q4 2025, reported Nov 5, 2025: actual 7.12M USD, estimate 4.58M USD, surprise +55.30%, Beat. Q1 2026, reported Mar 4, 2026: actual 4.6M USD, estimate 6.97M USD, surprise -33.96%, Miss. Q2 2026, reported Apr 23, 2026: actual 6.71M USD, estimate 3.65M USD, surprise +83.81%, Beat. Q3 2026, reported Aug 11, 2026: actual 5.1M USD, estimate 5.6M USD, surprise -8.93%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 7.15M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1.10

103.59% upside
Past 12 months12-month forecastHigh $1.10Average $1.10Low $1.10

Rating distribution

4 ratings

Limited analyst sample: 4 ratings. Interpret the distribution with caution.

Strong buy00%
Buy125%
Hold250%
Sell125%
Strong sell00%

Recent analyst actions

1 institution

SES peers

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LOW

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$216.09

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ETFs holding SES

Funds reporting this stock among their holdings, ordered by reported position size.

Invesco WilderHill Clean Energy ETF logoInvesco WilderHill Clean Energy ETFPBW
Market value
3.51M
Weight
0.88%
AUM
405.18M USD
Expense ratio
0.64%
Price / 1D
$33.29+1.84%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
3.44M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
3.19M
Weight
0.00%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
State Street SPDR S&P Kensho New Economies Composite ETF logoState Street SPDR S&P Kensho New Economies Composite ETFKOMP
Market value
2.41M
Weight
0.09%
AUM
2.71B USD
Expense ratio
0.20%
Price / 1D
$69.24+0.92%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
1.74M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab International Small-Cap Equity ETF logoSchwab International Small-Cap Equity ETFSCHC
Market value
1.56M
Weight
0.03%
AUM
5.73B USD
Expense ratio
0.06%
Price / 1D
$51.25+0.61%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
1.1M
Weight
0.01%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Invesco Global Clean Energy ETF logoInvesco Global Clean Energy ETFPBD
Market value
966.4K
Weight
0.51%
AUM
190.34M USD
Expense ratio
0.75%
Price / 1D
$18.04-0.17%

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