SES AI Corp

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 30, 2025

SES$0.89-2.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

Condensed Consolidated Statements of Operations** and Comprehensive Loss**


· · · Three Months Ended March 31,
(in thousands, except share and per share amounts) · · 2025 · 2024
Revenue from contracts with customers:
Revenue	$5,793	$—
Cost of revenues	1,236	—
Gross profit	4,557	—
Operating expenses:
Research and development	20,510	11,765
General and administrative	7,320	9,506
Total operating expenses	27,830	21,271
Loss from operations	(23,273)	(21,271)
Other income:
Gain on change in fair value of Sponsor Earn-Out liabilities	7,879	875
Interest income	2,670	4,162
Miscellaneous income, net	296	874
Total other income, net	10,845	5,911
Loss before income taxes	(12,428)	(15,360)
Provision for income taxes	(4)	(197)
Net loss	(12,432)	(15,557)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	47	(457)
Unrealized loss on short-term investments	(20)	(299)
Total other comprehensive income (loss), net of tax	27	(756)
Total comprehensive loss	$(12,405)	$(16,313)

Net loss per share attributable to common stockholders:
Basic and diluted	$(0.04)	$(0.05)

Weighted-average shares outstanding:
Basic and diluted	329,334,434	318,790,719

ContentsView on SEC.gov

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