Income Statement
SES AI CORP
SES
Performance Overview
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in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY |
|---|---|---|---|---|---|
|
Revenue
|
21.00 | 2.04 | - | - | - |
|
Cost of Revenue
|
9.69 | 0.75 | - | - | - |
|
Gross Profit
|
11.31 | 1.29 | - | - | - |
|
Operating Expenses
|
93.92 | 110.54 | 78.16 | 79.57 | 7.24 |
|
Research & Development
|
67.05 | 72.14 | 30.68 | 27.97 | - |
|
Selling, General & Administrative
|
26.88 | 38.40 | 47.48 | 51.61 | 7.24 |
|
Other Operating Expenses
|
- | - | - | - | - |
|
Operating Income
|
-82.61 | -109.25 | -78.16 | -79.57 | -7.24 |
|
Non-Operating Income
|
9.81 | 9.25 | 23.91 | 29.84 | - |
|
Interest Income
|
- | - | - | - | - |
|
Interest Expense
|
- | - | - | - | - |
|
Other Non-Op Income / Expense
|
-1.21 | -0.48 | 0.43 | -1.79 | - |
|
Income Before Tax
|
-72.81 | -100.00 | -54.25 | -49.74 | - |
|
Income Tax Expense
|
0.23 | 0.19 | -0.85 | 1.26 | - |
|
Non-Controlling Interest
|
- | - | - | - | - |
|
Net Income
|
-73.04 | -100.19 | -53.40 | -50.99 | -11.54 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY |
|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - |
|
EBITDA
|
-72.32 | -100.94 | -72.62 | -76.98 | -7.24 |
|
Earnings Per Share (Basic)
|
-0.22 | -0.31 | -0.17 | -0.18 | -0.34 |
|
Diluted EPS
|
-0.22 | -0.31 | -0.17 | -0.18 | - |
|
Weighted Average Shares
|
330.92 | 321.82 | 315.05 | 288.30 | 26.84 |
|
Diluted Weighted Avg Shares
|
330.92 | 321.82 | 315.05 | 288.30 | - |
|
Comprehensive Income
|
-72.53 | -100.81 | -53.76 | -52.61 | - |