SES · SES AI Corporation
SES AI Corp (SES)
What's happening
- SES is down 0.61% today, trading at $0.64. — Live quote
- Volume today (276,775) is well below its 3-month average of 18,548,140. (Finnhub fundamentals)
- Reports earnings on 2026-11-11, 20 days away. (Finnhub earnings calendar)
- Last quarter's EPS missed estimates: $-0.05 actual vs. $-0.05 estimated (-6.2%). (Finnhub earnings history)
Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.
Key Statistics
Analyst Recommendations
Aggregate ratings for 2026-10-01 (6 analysts polled by Finnhub) — consensus count.
Performance Overview (Trailing returns vs S&P 500 benchmark)
Earnings Trends (Quarterly EPS Actual vs Estimate)
Valuation Measures & Ratios
Quarterly history (5 periods)
| Measure | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| Market cap | $346.4M | $290.8M | $582.3M | $285.0M | $162.3M |
| P/E | -4.71 | -4.27 | -6.76 | -3.35 | -2.08 |
| Price/Sales | 15.45 | 12.56 | — | — | — |
| Price/Book | 1.85 | 1.43 | 2.55 | 1.14 | 0.60 |
| EV/Revenue | 12.61 | 10.57 | — | — | — |
| ROE | -39.33% | -33.51% | -37.77% | -34.17% | -28.93% |
| ROA | -31.15% | -26.86% | -29.85% | -29.32% | -25.52% |
Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).
Glossary — what these abbreviations mean
- 1. TTM
- Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
- 2. EPS
- Earnings per share — net income divided by diluted shares outstanding.
- 3. Beta
- A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
- 4. EV (Enterprise Value)
- Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
- 5. Forward P/E
- Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
- 6. PEG Ratio
- P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
- 7. Price / Book
- Share price divided by book value (assets minus liabilities) per share.
- 8. ROE
- Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
- 9. ROA
- Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
- 10. MRQ
- Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
- 11. YoY
- Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.
Short Interest
Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.
Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.
Price history
Drag horizontally to zoom into a section; use Reset view to restore all observations.
Technical signal summary
Calculating from the latest year of daily price history…
Show Technical Analysis Breakdown ▾ 10 Indicators
Not investment advice — read several signals together.
Indicators None active
History limited by data provider; markers are heuristics, not signals.
Peer and sector context
Balanced evidence
A deterministic summary of sourced facts—not an AI verdict.
Potential strengths
- Revenue growth is 43.8% on the provider's reported measure. Finnhub fundamentals ↗
- Latest SEC filing is Form 4, filed 2026-10-07; review it for current changes and risks. SEC EDGAR ↗
Potential concerns
- Net profit margin is -289.6%. Finnhub fundamentals ↗
- Trailing 52-week price return is -80.6%. Finnhub market metrics ↗
Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.
More on SES
No accessible free API for these — links go to the source directly.
Financials
Fundamental trends
Visualized from the same SEC figures in the tables below.
Income statement
| Line item | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1M | $6.7M | $7.1M | $3.5M | $5.8M | — | — | — |
| Gross profit | $1.1M | $1.2M | $3.6M | $2.6M | $4.6M | — | — | — |
| Operating income | -$19.2M | -$17.9M | -$18.6M | -$23.0M | -$23.3M | -$34.2M | -$24.6M | -$21.3M |
| Net income | -$17.9M | -$12.1M | -$20.9M | -$22.7M | -$12.4M | -$30.2M | -$19.9M | -$15.6M |
| EPS (diluted) | $-0.05 | $-0.04 | $-0.06 | $-0.07 | $-0.04 | $-0.09 | $-0.06 | $-0.05 |
| EPS (basic) | $-0.05 | $-0.04 | $-0.06 | $-0.07 | $-0.04 | $-0.09 | $-0.06 | $-0.05 |
| Operating margin | -$378 | -$266 | -$262 | -$652 | -$402 | — | — | — |
| Net margin | -$353 | -$180 | -$294 | -$642 | -$215 | — | — | — |
Balance sheet
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $236.2M | $253.5M | $272.6M | $288.8M | $290.5M | $306.0M | $329.8M | $349.9M |
| Total liabilities | $49.2M | $50.3M | $57.9M | $60.6M | $41.2M | $36.1M | $51.5M | $40.6M |
| Stockholders' equity | $187.1M | $203.2M | $214.8M | $228.2M | $249.2M | $269.9M | $278.3M | $309.3M |
| Total current assets | $186.0M | $200.6M | $216.3M | $230.4M | $243.0M | $256.1M | $276.9M | $291.5M |
| Total current liabilities | $28.5M | $29.2M | $24.2M | $28.0M | $19.5M | $16.4M | $22.8M | $19.1M |
| Cash & equivalents | $64.1M | $46.9M | $29.5M | $35.3M | $11.8M | $56.1M | $128.8M | $66.7M |
| Accounts receivable | $7.7M | $8.2M | $4.8M | $3.4M | $3.0M | $1.5M | $950.0K | — |
| Inventory | $8.4M | $7.0M | $5.2M | $3.7M | $114.0K | $155.0K | $212.0K | $320.0K |
| Property, plant & equipment | $24.2M | $26.3M | $28.9M | $31.0M | $34.1M | $35.9M | $38.2M | $42.2M |
| Goodwill | $13.3M | $13.3M | $13.3M | $12.6M | — | — | $0 | — |
| Intangible assets | $2.7M | $2.7M | $2.8M | $2.9M | $1.2M | $1.2M | $1.2M | $1.2M |
| Other non-current assets | $2.2M | $2.2M | $2.3M | $2.3M | $2.2M | $2.2M | $2.2M | $3.3M |
| Accounts payable | $5.6M | $5.9M | $5.7M | $4.8M | $2.0M | $1.8M | $1.9M | $2.2M |
| Accrued liabilities | — | — | — | — | — | — | — | — |
| Deferred revenue (current) | $2.2M | $2.3M | $2.7M | $3.1M | $862.0K | — | — | — |
| Short-term debt | $442.0K | $709.0K | $830.0K | $1.9M | — | — | — | — |
| Other non-current liabilities | $3.4M | $3.4M | $3.4M | $2.8M | $2.6M | $2.6M | $2.6M | $2.6M |
| Common stock & paid-in capital | $37.0K | $37.0K | $37.0K | $36.0K | $37.0K | $36.0K | $36.0K | $35.0K |
| Retained earnings | -$401.9M | -$384.0M | -$371.9M | -$354.9M | -$334.0M | -$311.3M | -$298.9M | -$264.3M |
| Accumulated other comprehensive income (loss) | -$1.3M | -$1.2M | -$1.7M | -$3.2M | -$2.5M | -$2.2M | -$2.2M | -$1.3M |
Cash flow
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$13.8M | -$19.8M | -$10.4M | -$14.3M | -$10.8M | -$22.8M | -$12.3M | -$22.7M |
| Investing cash flow | $31.5M | $39.1M | $4.5M | $39.5M | -$33.3M | -$49.8M | $74.0M | $33.6M |
| Financing cash flow | -$240.0K | -$2.0M | $49.0K | -$1.7M | -$353.0K | $8.0K | $632.0K | $250.0K |
| Free cash flow | -$14.5M | -$20.1M | -$11.1M | -$14.7M | -$11.6M | -$23.7M | -$12.5M | -$24.2M |
| Capital expenditures | $656.0K | $330.0K | $712.0K | $426.0K | $804.0K | $916.0K | $233.0K | $1.5M |
| Share-based compensation | $2.0M | $2.1M | $2.1M | $2.2M | $2.7M | $4.0M | $3.8M | $6.5M |
| Deferred income taxes | — | — | -$471.0K | — | — | — | -$278.0K | — |
| Change in accounts receivable | -$496.0K | $3.4M | $1.3M | -$776.0K | $1.5M | $558.0K | $950.0K | — |
| Change in inventory | $1.4M | $1.7M | $1.4M | -$265.0K | -$45.0K | -$58.0K | -$93.0K | -$215.0K |
| Change in accounts payable | -$251.0K | $400.0K | $861.0K | $203.0K | $83.0K | -$108.0K | $282.0K | -$80.0K |
| Purchases of investments | — | — | — | — | — | — | — | — |
| Sales/maturities of investments | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | $0 | $1.6M | — | — | — | — |
| Tax withholding on stock comp | $376.0K | $2.1M | $15.0K | $60.0K | $358.0K | — | — | — |
Income statement
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Revenue | $21.0M | $2.0M | — | — | — |
| Gross profit | $11.3M | $1.3M | — | — | — |
| Operating income | -$82.6M | -$109.2M | -$78.2M | -$79.6M | -$32.0M |
| Net income | -$73.0M | -$100.2M | -$53.4M | -$51.0M | -$31.3M |
| EPS (diluted) | $-0.22 | $-0.31 | $-0.17 | $-0.18 | $-0.51 |
| EPS (basic) | $-0.22 | $-0.31 | $-0.17 | $-0.18 | $-0.51 |
| Operating margin | -$393 | -$5.4K | — | — | — |
| Net margin | -$348 | -$4.9K | — | — | — |
Balance sheet
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Total assets | $272.6M | $329.8M | $406.8M | $440.4M | $193.4M |
| Total liabilities | $57.9M | $51.5M | $47.9M | $48.9M | $11.7M |
| Stockholders' equity | $214.8M | $278.3M | $358.9M | $391.5M | -$88.3M |
| Total current assets | $216.3M | $276.9M | $348.6M | $396.6M | $170.0M |
| Total current liabilities | $24.2M | $22.8M | $20.4M | $19.4M | $11.0M |
| Cash & equivalents | $29.5M | $128.8M | $85.7M | $106.6M | $160.5M |
| Accounts receivable | $4.8M | $950.0K | — | — | — |
| Inventory | $5.2M | $212.0K | $558.0K | $383.0K | — |
| Property, plant & equipment | $28.9M | $38.2M | $38.0M | $27.8M | $12.5M |
| Goodwill | $13.3M | $0 | — | — | — |
| Intangible assets | $2.8M | $1.2M | $1.3M | $1.5M | $1.6M |
| Other non-current assets | $2.3M | $2.2M | $4.7M | $3.2M | $9.3M |
| Accounts payable | $5.7M | $1.9M | $4.8M | $6.2M | $4.7M |
| Accrued liabilities | — | — | — | — | $795.6K |
| Deferred revenue (current) | $2.7M | — | — | — | — |
| Short-term debt | $830.0K | — | — | — | — |
| Other non-current liabilities | $3.4M | $2.6M | $2.8M | $1.8M | $749.0K |
| Common stock & paid-in capital | $37.0K | $36.0K | $35.0K | $35.0K | $6.0K |
| Retained earnings | -$371.9M | -$298.9M | -$198.7M | -$145.3M | -$94.3M |
| Accumulated other comprehensive income (loss) | -$1.7M | -$2.2M | -$1.6M | -$1.3M | $367.0K |
Cash flow
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Operating cash flow | -$58.4M | -$66.1M | -$56.4M | -$46.5M | -$30.0M |
| Investing cash flow | -$39.2M | $108.2M | $32.7M | -$296.0M | $3.3M |
| Financing cash flow | -$2.0M | $1.0M | $3.3M | $289.9M | $184.8M |
| Free cash flow | -$61.2M | -$78.3M | -$72.2M | -$61.2M | -$38.9M |
| Capital expenditures | $2.9M | $12.2M | $15.8M | $14.7M | $9.0M |
| Share-based compensation | $11.0M | $19.9M | $20.6M | $22.8M | $4.6M |
| Deferred income taxes | -$471.0K | -$278.0K | -$1.1M | — | — |
| Change in accounts receivable | $2.6M | $950.0K | — | — | — |
| Change in inventory | $1.0M | -$330.0K | $184.0K | $383.0K | — |
| Change in accounts payable | $1.0M | -$72.0K | -$62.0K | -$4.0M | $1.3M |
| Share repurchases | $1.6M | — | — | — | — |
| Tax withholding on stock comp | $433.0K | — | — | — | — |
Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.
Institutional holders
SEC Form 13F filers holding SES as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.
Insider activity
Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2026-02-06 to 2026-10-05
Recent transactions
- Insiders have net sold 25,000 shares over the last 182 days, across 0 purchases and 1 sale.
- Most recent: Diemer Paul (Reporting person) — Grant / award of 320,000 shares on 2026-10-05.
Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.
Insider purchases & sales, last 6 months
Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.
Insider roster
| Name | Title | Most Recent Transaction | Date | Shares |
|---|---|---|---|---|
| Diemer Paul | Reporting person | Grant / award | 2026-10-05 | 320,000 |
| Xu Kang | CHIEF TECHNOLOGY OFFICER | Tax withholding | 2026-09-01 | 35,198 |
| Pilkington Kyle | CHIEF LEGAL OFFICER | Open market sale | 2026-05-22 | 25,000 |
| Liu Yi Ray | CHIEF FINANCIAL OFFICER | Grant / award | 2026-05-18 | 331,858 |
| Hu Qichao | CEO & CHAIRMAN | Grant / award | 2026-05-18 | 1,504,425 |
| Boyd Andrew J | Reporting person | Grant / award | 2026-05-18 | 141,593 |
| Luo Eric | Reporting person | Grant / award | 2026-05-18 | 141,593 |
| Ma Jiong | Reporting person | Grant / award | 2026-05-18 | 141,593 |
| Nealis Jing | CHIEF FINANCIAL OFFICER | Tax withholding | 2026-04-14 | 36,145 |
| Gan Hong | CHIEF SCIENCE OFFICER | Tax withholding | 2026-04-14 | 32,138 |
Recent transactions
| Date | Insider | Title | Transaction | Shares | Price |
|---|---|---|---|---|---|
| 2026-10-05 | Diemer Paul | Reporting person | Grant / award | 320,000 | $0.00 |
| 2026-09-01 | Xu Kang | CHIEF TECHNOLOGY OFFICER | Tax withholding | 35,198 | $0.52 |
| 2026-05-22 | Pilkington Kyle | CHIEF LEGAL OFFICER | Open market sale | 25,000 | $1.20 |
| 2026-05-18 | Liu Yi Ray | CHIEF FINANCIAL OFFICER | Grant / award | 331,858 | $0.00 |
| 2026-05-18 | Pilkington Kyle | CHIEF LEGAL OFFICER | Grant / award | 353,982 | $0.00 |
| 2026-05-18 | Xu Kang | CHIEF TECHNOLOGY OFFICER | Grant / award | 221,239 | $0.00 |
| 2026-05-18 | Hu Qichao | CEO & CHAIRMAN | Grant / award | 1,504,425 | $0.00 |
| 2026-05-18 | Boyd Andrew J | Reporting person | Grant / award | 141,593 | $0.00 |
| 2026-05-18 | Luo Eric | Reporting person | Grant / award | 141,593 | $0.00 |
| 2026-05-18 | Ma Jiong | Reporting person | Grant / award | 141,593 | $0.00 |
| 2026-04-14 | Pilkington Kyle | CHIEF LEGAL OFFICER | Tax withholding | 25,185 | $1.10 |
| 2026-04-14 | Nealis Jing | CHIEF FINANCIAL OFFICER | Tax withholding | 36,145 | $1.10 |
| 2026-04-14 | Gan Hong | CHIEF SCIENCE OFFICER | Tax withholding | 32,138 | $1.10 |
| 2026-04-14 | Hu Qichao | CEO & CHAIRMAN | Tax withholding | 133,303 | $1.10 |
| 2026-03-27 | Xu Kang | CHIEF TECHNOLOGY OFFICER | Tax withholding | 39,593 | $0.99 |
| 2026-03-27 | Pilkington Kyle | CHIEF LEGAL OFFICER | Tax withholding | 60,452 | $0.99 |
| 2026-03-27 | Nealis Jing | CHIEF FINANCIAL OFFICER | Tax withholding | 163,968 | $0.99 |
| 2026-03-27 | Gan Hong | CHIEF SCIENCE OFFICER | Tax withholding | 74,682 | $0.99 |
| 2026-03-27 | Hu Qichao | CEO & CHAIRMAN | Tax withholding | 310,446 | $0.99 |
| 2026-03-09 | Pilkington Kyle | CHIEF LEGAL OFFICER | Open market sale | 25,000 | $1.20 |
| 2026-02-09 | Pilkington Kyle | CHIEF LEGAL OFFICER | Tax withholding | 56,074 | $1.99 |
| 2026-02-09 | Nealis Jing | CHIEF FINANCIAL OFFICER | Tax withholding | 110,231 | $1.99 |
| 2026-02-09 | Gan Hong | CHIEF SCIENCE OFFICER | Tax withholding | 63,290 | $1.99 |
| 2026-02-09 | Hu Qichao | CEO & CHAIRMAN | Tax withholding | 267,934 | $1.99 |
| 2026-02-06 | Xu Kang | CHIEF TECHNOLOGY OFFICER | Tax withholding | 35,063 | $1.88 |
Recent SEC filings
Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR submissions · updated 2026-10-22 04:09 UTC
| Filed | Form | Report period | Official filing |
|---|---|---|---|
| 2026-10-07 | 4 | 2026-10-05 | View on SEC.gov → |
| 2026-09-03 | 4 | 2026-09-01 | View on SEC.gov → |
| 2026-08-14 | 8-K | 2026-08-13 | View on SEC.gov → |
| 2026-08-11 | 10-Q | 2026-06-30 | View on SEC.gov → |
| 2026-08-11 | 8-K | 2026-08-06 | View on SEC.gov → |
| 2026-07-20 | 8-K | 2026-07-17 | View on SEC.gov → |
| 2026-05-27 | 4 | 2026-05-22 | View on SEC.gov → |
| 2026-05-20 | 4 | 2026-05-18 | View on SEC.gov → |
| 2026-05-20 | 4 | 2026-05-18 | View on SEC.gov → |
| 2026-05-20 | 4 | 2026-05-18 | View on SEC.gov → |
| 2026-05-20 | 4 | 2026-05-18 | View on SEC.gov → |
| 2026-05-20 | 4 | 2026-05-18 | View on SEC.gov → |
Recent news
Headlines about SES (SES AI Corporation). Links open the publisher — we don’t host full articles.
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Scandinavian Enviro Systems AB (publ) (SES) Issues 62.5M Shares at SEK 0.08 After SEK 5M Conversion
TradingView · 2026-10-21 -
SES stock rebounds, +19.5% in one week and among SBF 120 gainers
Ideal Investisseur · 2026-10-21 -
SES Mar 2027 1.000 put (SES270319P00001000) interactive stock chart
Yahoo Finance UK · 2026-10-21 -
SES AI Corporation (SES) Stock Price, News, Quote & History
Yahoo! Finance Canada · 2026-10-20 -
What Comes Next For SES AI After A 67% Slide
Yahoo · 2026-10-20 -
SES launches payload for final test of its commercial space relay service for NASA
Idéal Investisseur · 2026-10-20 -
SES Advances NASA's Space Communications Program
www.marketscreener.com · 2026-10-20 -
SES share falls 2.5%, among the steepest declines in the SBF 120
Ideal Investisseur · 2026-10-20
No headlines in this category right now — try “All”.