Skip to main content
Midas Edge

SES AI Corp

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

View on SEC.gov

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.

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.

See the whole filing, with its images and exhibits
Contents

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)

SES AI Corporation** **

Condensed Consolidated Statements of Stockholders’ Equity

(Unaudited)

​​​​​​​​​​​​​​​​​
Nine Months Ended September 30, 2025
​​​​​​​​​​​​​​​​​
​ · Class A and Class B · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · Total
​ · Common Stock · ​ · Additional · ​ · Accumulated · ​ · Other Comprehensive · ​ · Stockholders’
(in thousands, except share and per share amounts) · Shares · Amount · Paid-in-Capital · Deficit · (Loss) Income · Equity
Balance – December 31, 2024361,557,285$36$579,378$(298,871)$(2,233)$278,310
Issuance of common stock upon exercise of stock options50,000​​—​​8​​—​​—​​8
Restricted stock units vested3,284,079​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares(2,797)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards(37,735)​​—​​(31)​​—​​—​​(31)
Stock-based compensation—​​—​​3,973​​—​​—​​3,973
Net loss—​​—​​—​​(12,432)​​—​​(12,432)
Unrealized loss on short-term investments—​​—​​—​​—​​(20)​​(20)
Foreign currency translation adjustments—​​—​​—​​—​​47​​47
Balance — March 31, 2025364,850,832​$36​$583,328​$(311,303)​$(2,206)​$269,855
Issuance of common stock upon exercise of stock options74,311​​1​​5​​—​​—​​6
Restricted stock units vested1,184,478​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares(20,794)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards(47,825)​​—​​(327)​​—​​—​​(327)
Stock issuance costs—​​—​​(13)​​—​​—​​(13)
Stock-based compensation—​​—​​2,695​​—​​—​​2,695
Net loss—​​—​​—​​(22,651)​​—​​(22,651)
Unrealized loss on short-term investments—​​—​​—​​—​​(55)​​(55)
Foreign currency translation adjustments—​​—​​—​​—​​(283)​​(283)
Balance — June 30, 2025366,041,002$37$585,688$(333,954)$(2,544)$249,227
Issuance of common stock upon exercise of stock options134,944​​—​​15​​—​​—​​15
Restricted stock units vested204,622​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares(119)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards(31,382)​​—​​(75)​​—​​—​​(75)
Repurchase and retirement of Class A common stock(1,340,656)​​(1)​​(1,606)​​—​​—​​(1,607)
Stock-based compensation—​​—​​2,178​​—​​—​​2,178
Net loss—​​—​​—​​(20,920)​​—​​(20,920)
Unrealized gain on short-term investments—​​—​​—​​—​​78​​78
Foreign currency translation adjustments—​​—​​—​​—​​(695)​​(695)
Balance — September 30, 2025365,008,411$36$586,200$(354,874)$(3,161)$228,201
​​​​​​​​​​​​​​​​​
Nine Months Ended September 30, 2024
​​​​​​​​​​​​​​​​​
​ · Class A and Class B · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · Total
​ · Common Stock · ​ · Additional · ​ · Accumulated · ​ · Other Comprehensive · ​ · Stockholders’
(in thousands, except share and per share amounts) · Shares · Amount · Paid-in-Capital · Deficit · (Loss) Income · Equity
Balance — December 31, 2023354,148,173​$35​$559,214​$(198,686)​$(1,613)​$358,950
Issuance of common stock upon exercise of stock options197,127​​—​​18​​—​​—​​18
Restricted stock units vested18,869​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares(711,298)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards(35,253)​​—​​(50)​​—​​—​​(50)
Stock-based compensation—​​—​​4,784​​—​​—​​4,784
Net loss—​​—​​—​​(15,557)​​—​​(15,557)
Unrealized loss on short-term investments—​​—​​—​​—​​(299)​​(299)
Foreign currency translation adjustments—​​—​​—​​—​​(457)​​(457)
Balance — March 31, 2024353,617,618$35$563,966$(214,243)$(2,369)$347,389
Issuance of common stock upon exercise of stock options746,517​​—​​110​​—​​—​​110
Restricted stock units vested1,653,403​​—​​(635)​​—​​—​​(635)
Forfeitures of Earn-Out Restricted Shares(77,529)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards(33,074)​​—​​(44)​​—​​—​​(44)
Stock-based compensation—​​—​​4,802​​—​​—​​4,802
Net loss—​​—​​—​​(19,897)​​—​​(19,897)
Unrealized loss on short-term investments—​​—​​—​​—​​(59)​​(59)
Foreign currency translation adjustments—​​—​​—​​—​​(93)​​(93)
Balance — June 30, 2024355,906,935$35$568,199$(234,140)$(2,521)$331,573
Issuance of common stock upon exercise of stock options1,590,419​​—​​250​​—​​—​​250
Restricted stock units vested161,269​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares(3,895)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards(39,679)​​—​​(38)​​—​​—​​(38)
Stock-based compensation—​​—​​6,511​​—​​—​​6,511
Net loss—​​—​​—​​(30,186)​​—​​(30,186)
Unrealized gain on short-term investments—​​—​​—​​—​​445​​445
Foreign currency translation adjustments—​​—​​—​​—​​729​​729
Balance — September 30, 2024357,615,049$35$574,922$(264,326)$(1,347)$309,284
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.