SES AI Corp
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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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.
Sep 30, 2025 · Filed Nov 12, 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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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
Condensed Consolidated Statements of Operations** and Comprehensive Loss**
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended September 30, · · Nine Months Ended September 30, | ||||||||||||
| (in thousands, except share and per share amounts) · · 2025 · 2024 · 2025 · 2024 | ||||||||||||
| Revenue from contracts with customers: | | | | | | | | | | | | |
| Revenue | | $7,118 | | $— | | $16,438 | | $— | ||||
| Cost of revenues | | | 3,482 | | | — | | | 5,645 | | | — |
| Gross profit | | | 3,636 | | — | | | 10,793 | | — | ||
| Operating expenses: | | | | | | | ||||||
| Research and development | | | 15,625 | | | 24,438 | | | 55,222 | | | 51,260 |
| General and administrative | | 6,660 | | 9,779 | | 20,500 | | 28,855 | ||||
| Total operating expenses | | 22,285 | | 34,217 | | 75,722 | | 80,115 | ||||
| Loss from operations | | (18,649) | | (34,217) | | (64,929) | | (80,115) | ||||
| Other income (expense): | | | | | ||||||||
| Interest income | | | 2,274 | | | 3,665 | | | 7,311 | | | 11,822 |
| (Loss) gain on change in fair value of Sponsor Earn-Out liabilities | | | (3,913) | | | 1,001 | | | 2,523 | | | 3,287 |
| Miscellaneous expense, net | | | (740) | | | (497) | | | (344) | | | (203) |
| Total other (expense) income, net | | (2,379) | | 4,169 | | 9,490 | | 14,906 | ||||
| Loss before income taxes | | (21,028) | | (30,048) | | (55,439) | | (65,209) | ||||
| Benefits from (provision for) income taxes | | 108 | | (138) | | (564) | | (431) | ||||
| Net loss | | (20,920) | | (30,186) | | (56,003) | | (65,640) | ||||
| Other comprehensive (loss) income, net of tax: | | | | | ||||||||
| Foreign currency translation adjustment | | (695) | | 729 | | (931) | | 179 | ||||
| Unrealized gain on short-term investments | | | 78 | | 445 | | | 3 | | | 87 | |
| Total other comprehensive (loss) income, net of tax | | | (617) | | | 1,174 | | | (928) | | | 266 |
| Total comprehensive loss | | $(21,537) | | $(29,012) | | $(56,931) | | $(65,374) | ||||
| | | | | | | | | | | | | |
| Net loss per share attributable to common stockholders: | | | | | | | | | | | | |
| Basic and diluted | | $(0.06) | | $(0.09) | | $(0.17) | | $(0.20) | ||||
| | | | | | | | | | | | | |
| Weighted-average shares outstanding: | | | | | | | | | | | | |
| Basic and diluted | | 331,335,411 | | 322,032,894 | | 330,807,919 | | 320,557,892 | ||||
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