Symbols / SES
SES Chart
About
SES AI Corporation develops and produces AI enhanced lithium metal and lithium ion rechargeable battery technologies for electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other applications. It manufactures and sells li metal battery cells and battery materials, such as electrolytes for automotive original equipment manufacturers. SES AI Corporation operates in the United States and the Asia Pacific region. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Auto Parts | Market Cap | 602.37M |
| Enterprise Value | 391.44M | Income | -90.55M | Sales | 18.48M |
| Book/sh | 0.62 | Cash/sh | 0.59 | Dividend Yield | — |
| Payout | 0.00% | Employees | 250 | IPO | — |
| P/E | — | Forward P/E | -11.60 | PEG | — |
| P/S | 32.60 | P/B | 2.64 | P/C | — |
| EV/EBITDA | -4.66 | EV/Sales | 21.18 | Quick Ratio | 7.76 |
| Current Ratio | 8.22 | Debt/Eq | 4.55 | LT Debt/Eq | — |
| EPS (ttm) | -0.28 | EPS next Y | -0.14 | EPS Growth | — |
| Revenue Growth | — | Earnings | 2026-03-04 | ROA | -18.41% |
| ROE | -33.69% | ROIC | — | Gross Margin | 65.38% |
| Oper. Margin | -262.00% | Profit Margin | 0.00% | Shs Outstand | 321.19M |
| Shs Float | 281.88M | Short Float | 4.18% | Short Ratio | 1.60 |
| Short Interest | — | 52W High | 3.73 | 52W Low | 0.38 |
| Beta | 0.58 | Avg Volume | 6.28M | Volume | 2.52M |
| Target Price | $3.00 | Recom | None | Prev Close | $1.63 |
| Price | $1.65 | Change | 1.23% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$3.00
Mean price target
2. Current target
$1.65
Latest analyst target
3. DCF / Fair value
$-1.66
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.65
Low
$2.00
High
$4.00
Mean
$3.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-11-06 | main | Cantor Fitzgerald | Overweight → Overweight | $4 |
| 2025-06-24 | reit | Cantor Fitzgerald | Overweight → Overweight | $2 |
| 2025-05-20 | init | Cantor Fitzgerald | — → Overweight | $2 |
| 2023-06-08 | down | Wolfe Research | Peer Perform → Underperform | $4 |
| 2022-10-31 | init | Cowen & Co. | — → Market Perform | — |
| 2022-09-14 | init | Deutsche Bank | — → Hold | $7 |
News
RSS: Latest SES news- SES AI: Scaling Its Way To The Top Spot (NYSE:SES) - Seeking Alpha Wed, 25 Feb 2026 14
- Investors - SES Satellites Fri, 20 Feb 2026 16
- SES AI Corporation - Equity Warrant (SES.WS) Price Target Decreased by 16.25% to 0.37 - Nasdaq Wed, 25 Feb 2026 11
- Pre-market 26 Feb 2026: BJD.SI stock up 26.83% to S$0.052 on heavy volume, outlook ahead - Meyka Wed, 25 Feb 2026 21
- QuantumScape vs. SES AI: Which Battery Stock Looks Better Now? - Zacks Investment Research ue, 30 Dec 2025 08
- Secure Energy Services (TSE:SES) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says - MarketBeat Mon, 23 Feb 2026 20
- When (SES) Moves Investors should Listen (SES:CA) - Stock Traders Daily Wed, 25 Feb 2026 03
- SES AI: Priced For Acceleration, Not Gradual Growth (NYSE:SES) - Seeking Alpha Wed, 25 Feb 2026 17
- Pre-Market 26 Feb 2026 BKZ.SI Suntar (SES) volume spike: liquidity signal - Meyka hu, 26 Feb 2026 00
- SES (OTCMKTS:SGBAF) Shares Gap Up - Should You Buy? - MarketBeat Mon, 23 Feb 2026 23
- ST Engineering (S63.SI, SES) at S$10.24 intraday: S63.SI stock AI exposure implies 28.45% upside - Meyka Wed, 25 Feb 2026 08
- 1V3.SI Mooreast up 7.69% to S$0.14 on SES 25 Feb 2026: model S$0.16 upside - Meyka Wed, 25 Feb 2026 13
- Pre-market: 5KI.SI Soup Holdings (SES) S$0.074 26 Feb 2026: watch liquidity - Meyka Wed, 25 Feb 2026 17
- 170,000-share spike in NPL.SI stock (Niks Professional, SES): after-hours signal - Meyka Wed, 25 Feb 2026 09
- Y92.SI Thai Beverage (SES) down 3.16% pre-market 26 Feb 2026: heavy volume signals outlook - Meyka Wed, 25 Feb 2026 19
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 250000 | 40000 | — | Conversion of Exercise of derivative security at price 0.16 per share. | GAN HONG | Officer | — | 2026-01-23 00:00:00 | D |
| 1 | 250000 | 624705 | — | Sale at price 2.50 per share. | GAN HONG | Officer | — | 2026-01-23 00:00:00 | D |
| 2 | 100000 | 15067 | — | Conversion of Exercise of derivative security at price 0.15 - 0.16 per share. | GAN HONG | Officer | — | 2025-12-15 00:00:00 | D |
| 3 | 100000 | 197890 | — | Sale at price 1.98 per share. | GAN HONG | Officer | — | 2025-12-15 00:00:00 | D |
| 4 | 150000 | 22500 | — | Conversion of Exercise of derivative security at price 0.15 per share. | GAN HONG | Officer | — | 2025-11-17 00:00:00 | D |
| 5 | 150000 | 285225 | — | Sale at price 1.90 per share. | GAN HONG | Officer | — | 2025-11-17 00:00:00 | D |
| 6 | 296296 | — | — | Stock Award(Grant) at price 0.00 per share. | BOYD ANDREW J | Director | — | 2025-09-08 00:00:00 | D |
| 7 | 150000 | — | — | Stock Award(Grant) at price 0.00 per share. | LI GANG | Officer | — | 2025-04-01 00:00:00 | D |
| 8 | 160000 | — | — | Stock Award(Grant) at price 0.00 per share. | NOONEN MICHAEL | Director | — | 2025-03-28 00:00:00 | D |
| 9 | 160000 | — | — | Stock Award(Grant) at price 0.00 per share. | MA JIONG | Director | — | 2025-03-28 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -1.11M | 108.72K | 5.34M | 226.80K |
| TaxRateForCalcs | 0.21 | 0.02 | 0.21 | 0.27 |
| NormalizedEBITDA | -95.63M | -79.41M | -102.41M | -31.18M |
| TotalUnusualItems | -5.31M | 6.79M | 25.43M | 840.00K |
| TotalUnusualItemsExcludingGoodwill | -5.31M | 6.79M | 25.43M | 840.00K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -100.19M | -53.40M | -50.99M | -31.25M |
| ReconciledDepreciation | 8.31M | 5.54M | 2.60M | 1.66M |
| ReconciledCostOfRevenue | 752.00K | 0.00 | ||
| EBITDA | -100.94M | -72.62M | -76.98M | -30.34M |
| EBIT | -109.25M | -78.16M | -79.57M | -32.01M |
| NetInterestIncome | 15.04M | 16.68M | 6.20M | 248.00K |
| InterestIncome | 15.04M | 16.68M | 6.20M | 248.00K |
| NormalizedIncome | -95.99M | -60.09M | -71.08M | -31.87M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -100.19M | -53.40M | -50.99M | -31.25M |
| TotalExpenses | 111.29M | 78.16M | 79.57M | 32.01M |
| TotalOperatingIncomeAsReported | -109.25M | -78.16M | -79.57M | -32.01M |
| DilutedAverageShares | 321.82M | 315.05M | 288.30M | 347.87M |
| BasicAverageShares | 321.82M | 315.05M | 288.30M | 347.87M |
| DilutedEPS | -0.31 | -0.17 | -0.17 | -0.09 |
| BasicEPS | -0.31 | -0.17 | -0.17 | -0.09 |
| DilutedNIAvailtoComStockholders | -100.19M | -53.40M | -50.99M | -31.25M |
| NetIncomeCommonStockholders | -100.19M | -53.40M | -50.99M | -31.25M |
| NetIncome | -100.19M | -53.40M | -50.99M | -31.25M |
| NetIncomeIncludingNoncontrollingInterests | -100.19M | -53.40M | -50.99M | -31.25M |
| NetIncomeContinuousOperations | -100.19M | -53.40M | -50.99M | -31.25M |
| TaxProvision | 188.00K | -853.00K | 1.25M | 25.00K |
| PretaxIncome | -100.00M | -54.25M | -49.74M | -31.23M |
| OtherIncomeExpense | -5.79M | 7.22M | 23.64M | 528.00K |
| OtherNonOperatingIncomeExpenses | -479.00K | 425.00K | -1.79M | -312.00K |
| SpecialIncomeCharges | -5.31M | 6.79M | 25.43M | 840.00K |
| OtherSpecialCharges | -840.00K | |||
| RestructuringAndMergernAcquisition | 5.31M | -6.79M | -25.43M | 0.00 |
| GainOnSaleOfSecurity | -3.97M | |||
| NetNonOperatingInterestIncomeExpense | 15.04M | 16.68M | 6.20M | 248.00K |
| TotalOtherFinanceCost | 855.04K | |||
| InterestIncomeNonOperating | 15.04M | 16.68M | 6.20M | 248.00K |
| OperatingIncome | -109.25M | -78.16M | -79.57M | -32.01M |
| OperatingExpense | 110.54M | 78.16M | 79.57M | 32.01M |
| ResearchAndDevelopment | 72.14M | 30.68M | 27.97M | 15.51M |
| SellingGeneralAndAdministration | 38.40M | 47.48M | 51.61M | 16.49M |
| GeneralAndAdministrativeExpense | 38.40M | 47.48M | 51.61M | 16.49M |
| OtherGandA | 38.40M | 47.48M | 51.61M | 16.49M |
| GrossProfit | 1.29M | 0.00 | ||
| CostOfRevenue | 752.00K | 0.00 | ||
| TotalRevenue | 2.04M | 0.00 | 0.00 | 0.00 |
| OperatingRevenue | 2.04M | 0.00 | 0.00 | 0.00 |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 361.56M | 354.15M | 349.71M | 347.87M |
| ShareIssued | 361.56M | 354.15M | 349.71M | 347.87M |
| NetDebt | 1.04M | |||
| TotalDebt | 10.56M | 13.72M | 12.06M | 0.00 |
| TangibleBookValue | 277.09M | 357.61M | 390.07M | -89.95M |
| InvestedCapital | 278.31M | 358.95M | 391.54M | -88.32M |
| WorkingCapital | 254.09M | 328.27M | 377.28M | 158.99M |
| NetTangibleAssets | 277.09M | 357.61M | 390.07M | -89.95M |
| CapitalLeaseObligations | 10.56M | 13.72M | 12.06M | 0.00 |
| CommonStockEquity | 278.31M | 358.95M | 391.54M | -88.32M |
| TotalCapitalization | 278.31M | 358.95M | 391.54M | -88.32M |
| TotalEquityGrossMinorityInterest | 278.31M | 358.95M | 391.54M | -88.32M |
| StockholdersEquity | 278.31M | 358.95M | 391.54M | -88.32M |
| GainsLossesNotAffectingRetainedEarnings | -2.23M | -1.61M | -1.25M | 367.00K |
| OtherEquityAdjustments | -2.23M | -1.61M | -1.25M | 367.00K |
| RetainedEarnings | -298.87M | -198.69M | -145.29M | -94.29M |
| AdditionalPaidInCapital | 579.38M | 559.21M | 538.04M | 5.60M |
| CapitalStock | 36.00K | 35.00K | 35.00K | 6.00K |
| CommonStock | 36.00K | 35.00K | 35.00K | 6.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | |
| TotalLiabilitiesNetMinorityInterest | 51.48M | 47.86M | 48.90M | 281.68M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 28.66M | 27.50M | 29.54M | 270.69M |
| OtherNonCurrentLiabilities | 12.08M | 6.92M | 12.72M | 749.00K |
| PreferredSecuritiesOutsideStockEquity | 0.00 | 269.94M | ||
| DerivativeProductLiabilities | 25.32M | |||
| NonCurrentAccruedExpenses | 4.89M | |||
| NonCurrentDeferredLiabilities | 8.61M | 9.27M | 6.66M | 0.00 |
| NonCurrentDeferredRevenue | 8.61M | 9.27M | 6.66M | 0.00 |
| LongTermDebtAndCapitalLeaseObligation | 7.98M | 11.32M | 10.16M | 0.00 |
| LongTermCapitalLeaseObligation | 7.98M | 11.32M | 10.16M | 0.00 |
| LongTermDebt | 1.15M | |||
| CurrentLiabilities | 22.82M | 20.36M | 19.36M | 10.98M |
| OtherCurrentLiabilities | 9.89M | 4.54M | 979.00K | 853.00K |
| CurrentDeferredLiabilities | 0.00 | 4.19M | ||
| CurrentDeferredRevenue | 0.00 | 4.19M | ||
| CurrentDebtAndCapitalLeaseObligation | 2.58M | 2.40M | 1.90M | |
| CurrentCapitalLeaseObligation | 2.58M | 2.40M | 1.90M | 0.00 |
| PensionandOtherPostRetirementBenefitPlansCurrent | 6.65M | 7.02M | 3.12M | |
| PayablesAndAccruedExpenses | 3.69M | 6.39M | 9.18M | 10.13M |
| CurrentAccruedExpenses | 1.48M | 1.27M | 1.57M | 5.19M |
| Payables | 2.21M | 5.12M | 7.61M | 4.94M |
| DuetoRelatedPartiesCurrent | 20.53K | |||
| TotalTaxPayable | 313.00K | 288.00K | 1.42M | 226.00K |
| IncomeTaxPayable | 313.00K | 288.00K | 1.42M | 226.00K |
| AccountsPayable | 1.90M | 4.83M | 6.19M | 4.71M |
| TotalAssets | 329.79M | 406.81M | 440.44M | 193.35M |
| TotalNonCurrentAssets | 52.88M | 58.18M | 43.80M | 23.38M |
| OtherNonCurrentAssets | 2.24M | 4.72M | 3.21M | 9.26M |
| NonCurrentDeferredAssets | 1.33M | 1.06M | 0.00 | 0.00 |
| NonCurrentDeferredTaxesAssets | 1.33M | 1.06M | 0.00 | |
| GoodwillAndOtherIntangibleAssets | 1.22M | 1.34M | 1.47M | 1.63M |
| OtherIntangibleAssets | 1.22M | 1.34M | 1.47M | 1.63M |
| NetPPE | 48.09M | 51.06M | 39.12M | 12.49M |
| AccumulatedDepreciation | -20.88M | -12.97M | -7.60M | -5.25M |
| GrossPPE | 68.97M | 64.03M | 46.72M | 17.74M |
| Leases | 24.39M | 18.23M | 11.44M | 4.11M |
| ConstructionInProgress | 1.97M | 9.77M | 5.42M | 6.04M |
| OtherProperties | 9.93M | 13.10M | 11.36M | |
| MachineryFurnitureEquipment | 32.69M | 22.93M | 18.49M | 7.60M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 276.90M | 348.63M | 396.64M | 169.97M |
| OtherCurrentAssets | 13.20M | 11.71M | 3.79M | 1.56M |
| PrepaidAssets | 608.90K | |||
| Inventory | 212.00K | 558.00K | 383.00K | 0.00 |
| Receivables | 950.00K | 3.91M | 2.38M | 7.91M |
| DuefromRelatedPartiesCurrent | 0.00 | 3.91M | 2.38M | 7.91M |
| AccountsReceivable | 950.00K | 0.00 | ||
| CashCashEquivalentsAndShortTermInvestments | 262.54M | 332.45M | 390.08M | 160.50M |
| OtherShortTermInvestments | 133.75M | 246.78M | 283.46M | 0.00 |
| CashAndCashEquivalents | 128.80M | 85.67M | 106.62M | 160.50M |
| CashEquivalents | 120.89M | 75.00M | 46.31M | 3.01M |
| CashFinancial | 7.91M | 10.67M | 60.31M | 157.48M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -78.29M | -72.17M | -61.15M | -38.97M |
| RepaymentOfDebt | -500.00K | |||
| IssuanceOfDebt | 0.00 | 0.00 | ||
| IssuanceOfCapitalStock | 0.00 | 0.00 | 187.90M | |
| CapitalExpenditure | -12.21M | -15.76M | -14.65M | -8.98M |
| IncomeTaxPaidSupplementalData | 286.00K | 222.00K | 0.00 | 0.00 |
| EndCashPosition | 129.40M | 86.97M | 107.94M | 161.04M |
| BeginningCashPosition | 86.97M | 107.94M | 161.04M | 2.73M |
| EffectOfExchangeRateChanges | -687.00K | -552.00K | -526.00K | 233.00K |
| ChangesInCash | 43.12M | -20.42M | -52.58M | 158.08M |
| FinancingCashFlow | 1.01M | 3.27M | 289.93M | 184.76M |
| CashFlowFromContinuingFinancingActivities | 1.01M | 3.27M | 289.93M | 184.76M |
| NetOtherFinancingCharges | 2.75M | 289.60M | -3.33M | |
| ProceedsFromStockOptionExercised | 1.01M | 524.00K | 330.00K | 197.00K |
| NetPreferredStockIssuance | 0.00 | 0.00 | 187.90M | |
| PreferredStockIssuance | 0.00 | 0.00 | 187.90M | |
| NetCommonStockIssuance | 283.52M | |||
| CommonStockIssuance | 283.52M | |||
| NetIssuancePaymentsOfDebt | 0.00 | 0.00 | ||
| NetLongTermDebtIssuance | 0.00 | 0.00 | ||
| LongTermDebtPayments | -500.00K | |||
| LongTermDebtIssuance | 0.00 | 0.00 | ||
| InvestingCashFlow | 108.19M | 32.72M | -296.01M | 3.31M |
| CashFlowFromContinuingInvestingActivities | 108.19M | 32.72M | -296.01M | 3.31M |
| NetOtherInvestingChanges | -276.00M | |||
| NetInvestmentPurchaseAndSale | 120.40M | 48.48M | -281.36M | 12.29M |
| SaleOfInvestment | 335.50M | 330.00M | 130.00M | 163.10M |
| PurchaseOfInvestment | -215.10M | -281.52M | -411.36M | -150.81M |
| NetIntangiblesPurchaseAndSale | 0.00 | 0.00 | -26.00K | |
| PurchaseOfIntangibles | 0.00 | 0.00 | -26.00K | |
| NetPPEPurchaseAndSale | -12.21M | -15.76M | -14.65M | -8.95M |
| PurchaseOfPPE | -12.21M | -15.76M | -14.65M | -8.95M |
| OperatingCashFlow | -66.09M | -56.41M | -46.50M | -29.99M |
| CashFlowFromContinuingOperatingActivities | -66.09M | -56.41M | -46.50M | -29.99M |
| ChangeInWorkingCapital | 8.39M | -11.11M | 6.41M | -4.22M |
| ChangeInOtherWorkingCapital | -278.00K | -1.06M | ||
| ChangeInOtherCurrentLiabilities | -2.92M | 1.80M | ||
| ChangeInOtherCurrentAssets | 2.94M | -1.87M | ||
| ChangeInPayablesAndAccruedExpense | 7.55M | -104.00K | 2.86M | 5.35M |
| ChangeInAccruedExpense | 7.62M | -42.00K | 6.83M | 4.07M |
| ChangeInPayable | -72.00K | -62.00K | -3.98M | 1.29M |
| ChangeInAccountPayable | -72.00K | -62.00K | -3.98M | 1.29M |
| ChangeInPrepaidAssets | -2.20M | -8.17M | -1.59M | -1.67M |
| ChangeInInventory | 330.00K | -184.00K | -383.00K | 0.00 |
| ChangeInReceivables | 2.96M | -1.53M | 5.53M | -7.91M |
| ChangesInAccountReceivables | -950.00K | 0.00 | ||
| OtherNonCashItems | 3.98M | -7.04M | -24.94M | 95.00K |
| StockBasedCompensation | 19.93M | 20.65M | 22.77M | 4.57M |
| AmortizationOfSecurities | -7.21M | -11.05M | -2.35M | 0.00 |
| DepreciationAmortizationDepletion | 8.31M | 5.54M | 2.60M | 1.66M |
| DepreciationAndAmortization | 8.31M | 5.54M | 2.60M | 1.66M |
| AmortizationCashFlow | 100.00K | 100.00K | ||
| AmortizationOfIntangibles | 100.00K | 100.00K | ||
| Depreciation | 8.20M | 5.40M | 2.50M | 1.50M |
| OperatingGainsLosses | 701.00K | -840.00K | ||
| GainLossOnInvestmentSecurities | 4.03M | |||
| GainLossOnSaleOfPPE | 701.00K | 0.00 | ||
| NetIncomeFromContinuingOperations | -100.19M | -53.40M | -50.99M | -31.25M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SES
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|