logo
Twitter
Discord
Email
logo
SES AI Corporation

SES AI Corporation

NYSE•SES
CEO: Dr. Qichao Hu
Sector: Consumer Cyclical
Industry: Auto - Parts
Listing Date: 2021-03-01
SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.
Contact Information
35 Cabot Road, Woburn, MA, 01801, United States
339-298-8750
www.ses.ai
Market Cap
$751.99M
P/E (TTM)
-7.4
27.1
Dividend Yield
--
52W High
$3.73
52W Low
$0.36
52W Range
50%
Rank52Top 60.9%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$7.12M+0.00%
4-Quarter Trend

EPS

-$0.06-32.66%
4-Quarter Trend

FCF

-$14.73M-39.25%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Generation Milestone Achieved Nine months revenue reached $16.4M, showing 100.0% growth as principal business activities commenced in late 2024.
Operating Loss Significantly Reduced Loss from operations narrowed to $(64.9M)$ for nine months, improving by $15.2M or 19.0% year-over-year.
Gross Margin Reaches Sixty-Six Percent Nine months gross margin stood at 66%, reflecting initial profitability from ESS product deliveries post-acquisition.
UZ Energy Acquisition Closed Acquisition of UZ Energy closed September 15, 2025, strengthening ESS market capabilities and providing revenue opportunities.

Risk Factors

Need for Substantial Future Capital Expect continued losses requiring substantial additional capital funding to support business expansion and operations beyond 12 months.
Integration of UZ Energy Challenges Integrating UZ Energy operations presents cultural and operational challenges; failure risks material adverse impact on results.
Battery Commercialization Pace Uncertain Developing commercializable Li-Metal battery faces unpredictable delays; failure to perform harms market adoption and sales ability.
Stock Delisting Risk Persists Stock price volatility risks continued non-compliance with NYSE listing standards, potentially leading to delisting consequences.

Outlook

AI Platform Development Progressing Launched new AI model Molecular Universe (MU) in April 2025; AI for Safety prediction accuracy reached 95%.
ESS Market Exploration Underway Actively exploring Energy Storage System market, leveraging AI-enhanced batteries to improve ESS health and safety.
EV Partnerships Continue Development Maintain strategic JDAs with Hyundai and Honda for B-sample battery development through December 2025.
Capital Spending Shifting Focus Capital expenditures expected to decrease in 2025, shifting investment from manufacturing equipment to less capital intensive AI/software.

Peer Comparison

Revenue (TTM)

G-III Apparel Group, Ltd.GIII
$3.03B
-2.0%
La-Z-Boy IncorporatedLZB
$2.11B
+1.8%
Gentherm IncorporatedTHRM
$1.46B
-0.4%

Gross Margin (Latest Quarter)

Canada Goose Holdings Inc.GOOS
62.4%
+1.1pp
SES AI CorporationSES
51.1%
+0.0pp
La-Z-Boy IncorporatedLZB
44.2%
-0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LZB$1.64B18.28.8%25.7%
XPEL$1.40B29.918.9%6.0%
GIII$1.36B27.22.8%10.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
51.7%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:-$0.06
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 12, 2025|
    Revenue: $7.12M+0.0%
    |
    EPS: $-0.06-32.7%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $3.53M+0.0%
    |
    EPS: $-0.07+10.2%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $5.79M+0.0%
    |
    EPS: $-0.04-18.0%
    Beat

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 30, 2025|
    Revenue: $2.04M+0.0%
    |
    EPS: $-0.31-82.4%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 1, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.09+119.4%
    N/A

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 30, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.06+50.5%
    N/A

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-0.05-5.8%
    N/A