SESNYSEMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends December 31Also trades as SESCW
SES AI Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$0.70−0.01 (-1.88%)
Close on Oct 19, 2026
- Market cap
- $235.46M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
53.8%
Operating margin
-393.4%
Net margin
-347.8%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +929.4% | – | – | – | |
| Gross profit | +777.9% | – | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -29.6% | |
| Return on assets | – | – | -24.2% | |
| Current ratio | – | 0.28 | 8.95 | |
| Inventory turnover | – | – | 3.6× | |
| Capex to revenue | – | – | 13.6% | |
| Diluted shares | – | 61M | 331M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ses Ai generated $257.35M from operations and spent $56.04M on capital expenditure, dividends and share buybacks. 97% of that went back into the business.
Generated
$257.35M
Used
$56.04M
Capital expenditure$54.43M97%Dividends$00%Share buybacks$1.61M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-347.8%
×Asset turnover0.07×
×Equity multiplier1.22×
=Return on equity, FY2025-29.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -347.8% | 0.07× | 1.22× | -29.6% |
| FY2024 | -4911.0% | 0.01× | 1.16× | -31.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$73.04M
- Cash generatingOperating cash flow above zero-$58.36M
- Return on assets improvedROA up on the prior year-24.6% → -22.1%
- Earnings backed by cashOperating cash flow above net income-$58.36M vs -$73.04M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose12.14 → 8.95
- No dilutionShare count did not rise322M → 331M
- Gross margin improvedGross margin up on the prior year63.14% → 53.84%
- More efficientAsset turnover rose0.01 → 0.06