SES AI Corp

For the period ended Jun 30, 2025. Filed Aug 6, 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.

Jun 30, 2025 · Filed Aug 6, 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) · · June 30, 2025 · December 31, 2024
Assets · · ·
Current Assets · · ·
Cash and cash equivalents	$11,757	$128,796
Short-term investments	217,123	133,748
Accounts receivable	3,009	950
Inventories	114	212
Prepaid expenses and other assets	10,960	13,198
Total current assets	242,963	276,904
Property and equipment, net	34,089	38,165
Intangible assets, net	1,153	1,217
Right-of-use assets, net	8,744	9,927
Deferred tax assets	1,335	1,335
Other assets, non-current	2,176	2,237
Total assets	$290,460	$329,785
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$1,981	$1,901
Operating lease liabilities	2,732	2,585
Accrued expenses and other current liabilities	14,788	18,329
Total current liabilities	19,501	22,815
Sponsor Earn-Out liabilities	3,036	9,472
Operating lease liabilities, non-current	6,573	7,977
Unearned government grant	9,509	8,606
Other liabilities, non-current	2,614	2,605
Total liabilities	41,233	51,475
Commitments and contingencies (Note 10)
Stockholders’ Equity
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 322,168,676 and 317,676,034 shares issued and outstanding as of June 30, 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 June 30, 2025 and December 31, 2024, respectively	37	36
Additional paid-in capital	585,688	579,378
Accumulated deficit	(333,954)	(298,871)
Accumulated other comprehensive loss	(2,544)	(2,233)
Total stockholders' equity	249,227	278,310
Total liabilities and stockholders' equity	$290,460	$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.