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

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) · · March 31, 2026 · · December 31, 2025
Assets · · · · ·
Current Assets · · · · ·
Cash and cash equivalents	$46,940	$29,541
Short-term investments	130,739	170,091
Accounts receivable	8,183	4,783
Inventories	6,960	5,154
Prepaid expenses and other assets	7,748	6,707
Total current assets	200,570	216,276
Property and equipment, net	26,318	28,866
Goodwill	13,272	13,272
Intangible assets, net	2,749	2,809
Right-of-use assets, net	6,932	7,638
Deferred tax assets	1,521	1,521
Other assets, non-current	2,157	2,264
Total assets	$253,519	$272,646
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$5,919	$5,694
Operating lease liabilities	1,599	2,298
Deferred consideration, current	8,025	1,093
Accrued expenses and other liabilities	13,697	15,071
Total current liabilities	29,240	24,156
Sponsor Earn-Out liabilities	3,586	7,795
Operating lease liabilities, non-current	5,416	5,813
Unearned government grant	8,612	9,042
Deferred consideration, non-current	—	7,677
Other liabilities, non-current	3,419	3,408
Total liabilities	50,273	57,891
Commitments and contingencies (Note 10)
Stockholders’ Equity
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 324,709,477 and 321,551,078 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively; Class B shares, $0.0001 par value, 200,000,000 shares authorized; 43,881,251 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	37	37
Additional paid-in capital	588,457	588,355
Accumulated deficit	(384,009)	(371,911)
Accumulated other comprehensive loss	(1,239)	(1,726)
Total stockholders' equity	203,246	214,755
Total liabilities and stockholders' equity	$253,519	$272,646

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.