SES AI Corp

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

Sep 30, 2025 · Filed Nov 12, 2025

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

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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) · · September 30, 2025 · December 31, 2024
Assets · · ·
Current Assets · · ·
Cash and cash equivalents	$35,274	$128,796
Short-term investments	178,736	133,748
Accounts receivable	3,373	950
Inventories	3,658	212
Prepaid expenses and other assets	9,321	13,198
Total current assets	230,362	276,904
Property and equipment, net	30,952	38,165
Goodwill	12,617	—
Intangible assets, net	2,874	1,217
Right-of-use assets, net	8,250	9,927
Deferred tax assets	1,371	1,335
Other assets, non-current	2,341	2,237
Total assets	$288,767	$329,785
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$4,780	$1,901
Operating lease liabilities	2,262	2,585
Deferred consideration, current (Note 3)	4,361	—
Accrued expenses and other current liabilities	16,603	18,329
Total current liabilities	28,006	22,815
Sponsor Earn-Out liabilities	6,949	9,472
Operating lease liabilities, non-current	6,194	7,977
Unearned government grant	9,251	8,606
Deferred consideration, non-current (Note 3)	7,337	—
Other liabilities, non-current	2,829	2,605
Total liabilities	60,566	51,475
Commitments and contingencies (Note 11)
Stockholders’ Equity
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 321,127,160 and 317,676,034 shares issued and outstanding as of September 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 September 30, 2025 and December 31, 2024, respectively	36	36
Additional paid-in capital	586,200	579,378
Accumulated deficit	(354,874)	(298,871)
Accumulated other comprehensive loss	(3,161)	(2,233)
Total stockholders' equity	228,201	278,310
Total liabilities and stockholders' equity	$288,767	$329,785

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