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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Part IFinancial Information Item 1 Financial Statements Condensed Consolidated Balance Sheets (Unaudited)

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Condensed Consolidated Balance Sheet****s

(Unaudited)


(in thousands, except share and per share amounts) · · March 31, 2025 · December 31, 2024
Assets · · ·
Current Assets · · ·
Cash and cash equivalents	$56,052	$128,796
Short-term investments	183,710	133,748
Accounts receivable	1,508	950
Inventories	155	212
Prepaid expenses and other assets	14,665	13,198
Total current assets	256,090	276,904
Property and equipment, net	35,940	38,165
Intangible assets, net	1,185	1,217
Right-of-use assets, net	9,236	9,927
Deferred tax assets	1,335	1,335
Other assets, non-current	2,196	2,237
Total assets	$305,982	$329,785
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$1,812	$1,901
Operating lease liabilities	2,632	2,585
Accrued expenses and other liabilities	11,961	18,329
Total current liabilities	16,405	22,815
Sponsor Earn-Out liabilities	1,593	9,472
Operating lease liabilities, non-current	6,897	7,977
Unearned government grant	8,665	8,606
Other liabilities, non-current	2,567	2,605
Total liabilities	36,127	51,475
Commitments and contingencies (Note 10)
Stockholders’ Equity
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 320,969,581 and 317,676,034 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; Class B shares, $0.0001 par value, 200,000,000 shares authorized; 43,881,251 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	36	36
Additional paid-in capital	583,328	579,378
Accumulated deficit	(311,303)	(298,871)
Accumulated other comprehensive loss	(2,206)	(2,233)
Total stockholders' equity	269,855	278,310
Total liabilities and stockholders' equity	$305,982	$329,785

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.