SES AI Corp

For the period ended Mar 31, 2026. Filed Apr 24, 2026.

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, 2026 · Filed Apr 24, 2026

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

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

Condensed Consolidated Statements of Operations** and Comprehensive Loss**


· · · Three Months Ended March 31,
(in thousands, except share and per share amounts) · · · 2026 · · 2025
Revenue from contracts with customers:
Revenue	$6,711	$5,793
Cost of revenues	5,496	1,236
Gross profit	1,215	4,557
Operating expenses:
Research and development	11,031	20,510
General and administrative	8,053	7,320
Total operating expenses	19,084	27,830
Loss from operations	(17,869)	(23,273)
Other income:
Gain on change in fair value of Sponsor Earn-Out liabilities	4,208	7,879
Interest income	1,696	2,670
Miscellaneous income, net	281	296
Total other income, net	6,185	10,845
Loss before income taxes	(11,684)	(12,428)
Provision for income taxes	(414)	(4)
Net loss	(12,098)	(12,432)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	712	47
Unrealized loss on short-term investments	(225)	(20)
Total other comprehensive income, net of tax	487	27
Total comprehensive loss	$(11,611)	$(12,405)

Net loss per share attributable to common stockholders:
Basic and diluted	$(0.04)	$(0.04)

Weighted-average shares outstanding:
Basic and diluted	332,840,425	329,334,434

ContentsView on SEC.gov

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