SES AI Corp
SESNYSETechnology · Miscellaneous Electrical Machinery, Equipment & Supplies · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $21.0M | $2.0M | — | — | — | — |
| Operating income | −$82.6M | −$109.2M | −$78.2M | −$79.6M | −$32.0M | −$13.9M |
| Net income | −$73.0M | −$100.2M | −$53.4M | −$51.0M | −$31.3M | −$13.9M |
| Total assets | $272.6M | $329.8M | $406.8M | $440.4M | $193.4M | $574,310 |
| Total liabilities | $57.9M | $51.5M | $47.9M | $48.9M | $11.7M | $582,131 |
| Equity | $214.8M | $278.3M | $358.9M | $391.5M | −$88.3M | $0 |
| EPS (diluted) | $-0.22 | $-0.31 | $-0.17 | $-0.18 | $-0.51 | $-0.23 |
| Shares out. | 365.4M | 361.6M | 354.1M | 349.7M | 61.1M | 60.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −393.4%
- Net margin
- −347.8%
- Return on equity
- −34.0%
- Return on assets
- −26.8%
- Return on capital (ROCE)
- −33.2%
- Liabilities / assets
- 21.2%
- Debt / equity
- 0.27×
- Book value / share
- $0.59
- Revenue growth (YoY)
- 929.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 2.03grey zone
- Accruals / assets
- −5.4%clean
- Beneish M-Score
- 5.69elevated
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 5 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Altman Z″ in the grey zone
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 1, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2021
- NT 10-Qmissed a reporting deadline ↗May 18, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 23.0M | 1.8 | +33.4% |
| Apr 30, 2026 | 17.2M | 1.7 | +22.6% |
| Apr 15, 2026 | 14.0M | 2.3 | +7.5% |
| Mar 31, 2026 | 13.1M | 2.7 | +8.5% |
| Mar 13, 2026 | 12.0M | 1.0 | -15.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operations · Director / officer change · Regulation FD disclosureApr 23, 2026
- Results of operationsApr 1, 2026
- Results of operationsMar 4, 2026
- Regulation FD disclosureJan 16, 2026
- Director / officer changeNov 7, 2025
- Results of operationsNov 5, 2025
- Shareholder voteOct 3, 2025
- Director / officer changeSep 3, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (3)
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