SES (SES AI Corporation) Stock Financials & Earnings | Market Cap Arena

SES (SES AI Corporation) Stock Financials & Earnings | Market Cap Arena

SESSES AI Corporation

Mkt Cap$473M

Consumer Cyclical·Auto - Parts·🇺🇸 United States·NYSE

Revenue (TTM)$21M

Net Income (TTM)-$73M

EPS (TTM)-$0.22

Free Cash Flow (TTM)-$63M

Gross Margin53.8%

Op. Margin-393.4%

Net Margin-347.8%

FCF Margin-297.7%

P/S Ratio (TTM)22.5x

P/E Ratio (TTM)—

YoY Rev Growth+929.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$0	$0	-$22M
Q2 23	$0	$0	-$19M
Q3 23	$0	$0	-$19M
Q4 23	$0	-$2M	-$18M
Q1 24	$0	-$2M	-$21M
Q2 24	$0	-$2M	-$25M
Q3 24	$0	-$2M	-$34M
Q4 24	$2M	$2M	-$29M
Q1 25	$6M	$5M	-$23M
Q2 25	$4M	$3M	-$23M
Q3 25	$7M	$4M	-$19M
Q4 25	$5M	$514K	-$18M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	231.9x	—
Q1 25	60.4x	—
Q2 25	41.6x	—
Q3 25	25.6x	—
Q4 25	22.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$15M	-$21M
Q2 23	-$15M	-$17M
Q3 23	-$13M	-$18M
Q4 23	-$12M	-$16M
Q1 24	-$9M	-$16M
Q2 24	-$22M	-$26M
Q3 24	-$23M	-$24M
Q4 24	-$12M	-$13M
Q1 25	-$23M	-$24M
Q2 25	-$11M	-$12M
Q3 25	-$14M	-$15M
Q4 25	-$11M	-$12M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$6M
Q2 23	$2M
Q3 23	$4M
Q4 23	$3M
Q1 24	$7M
Q2 24	$4M
Q3 24	$2M
Q4 24	$233K
Q1 25	$916K
Q2 25	$835K
Q3 25	$426K
Q4 25	$743K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	—	+12.6%
Q2 23	—	+1.1%
Q3 23	—	-10.9%
Q4 23	—	-8.5%
Q1 24	—	-1.6%
Q2 24	—	+27.8%
Q3 24	—	+76.8%
Q4 24	—	+74.0%
Q1 25	—	+36.6%
Q2 25	—	+7.7%
Q3 25	—	-24.7%
Q4 25	+123.6%	-28.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$6M	—
Q2 23	$7M	—
Q3 23	$2M	—
Q4 23	$4M	—
Q1 24	$5M	—
Q2 24	$5M	—
Q3 24	$7M	—
Q4 24	$4M	188.1%
Q1 25	$4M	68.6%
Q2 25	$0	0.0%
Q3 25	$2M	30.9%
Q4 25	-$606K	-13.3%

OpEx Breakdown

Quarter	R&D	G&A
Q1 23	$8M	$13M
Q2 23	$6M	$13M
Q3 23	$8M	$11M
Q4 23	$7M	$11M
Q1 24	$12M	$10M
Q2 24	$15M	$10M
Q3 24	$24M	$10M
Q4 24	$21M	$10M
Q1 25	$21M	$7M
Q2 25	$19M	$7M
Q3 25	$16M	$7M
Q4 25	$12M	$6M

Revenue Segments

Quarter	Product	Service
Q2 25	$9K	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$48M	$305M	$353M
Q2 23	$51M	$305M	$357M
Q3 23	$50M	$292M	$342M
Q4 23	$86M	$247M	$332M
Q1 24	$130M	$189M	$319M
Q2 24	$55M	$240M	$295M
Q3 24	$67M	$207M	$274M
Q4 24	$129M	$134M	$263M
Q1 25	$56M	$184M	$240M
Q2 25	$12M	$217M	$229M
Q3 25	$35M	$179M	$214M
Q4 25	$30M	$170M	$200M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	313M	+0.5%
Q2 23	315M	+0.4%
Q3 23	316M	+0.3%
Q4 23	317M	+0.3%
Q1 24	319M	+0.7%
Q2 24	321M	+0.6%
Q3 24	322M	+0.4%
Q4 24	326M	+1.1%
Q1 25	329M	+1.1%
Q2 25	332M	+0.7%
Q3 25	331M	-0.1%
Q4 25	331M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	$0	3
FY 21	$0	126
FY 22	$0	200
FY 23	$0	300
FY 24	$8K	250
FY 25	$98K	215