SES AI Corp
For the period ended Jun 30, 2026. Filed Aug 11, 2026.
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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.
Jun 30, 2026 · Filed Aug 11, 2026
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 June 30, · · Six Months Ended June 30, | ||||||||||||
| (in thousands, except share and per share amounts) · · 2026 · · 2025 · · 2026 · · 2025 | ||||||||||||
| Revenue from contracts with customers: | | | | | | | | | | | | |
| Revenue | | $5,072 | | $3,527 | | $11,783 | | $9,320 | ||||
| Cost of revenues | | | 3,925 | | 927 | | | 9,421 | | | 2,163 | |
| Gross profit | | 1,147 | | 2,600 | | 2,362 | | 7,157 | ||||
| Operating expenses: | | | | | | | | | | | ||
| Research and development | | | 11,362 | | | 19,087 | | | 22,393 | | | 39,597 |
| General and administrative | | 8,981 | | 6,520 | | 17,034 | | 13,840 | ||||
| Total operating expenses | | 20,343 | | 25,607 | | 39,427 | | 53,437 | ||||
| Loss from operations | | (19,196) | | (23,007) | | (37,065) | | (46,280) | ||||
| Other income: | | | | | | | | | ||||
| Gain (Loss) on change in fair value of Sponsor Earn-Out liabilities | | | 16 | | | (1,443) | | | 4,224 | | | 6,436 |
| Interest income | | | 1,470 | | | 2,367 | | | 3,166 | | | 5,037 |
| Miscellaneous (expense) income, net | | | (63) | | | 100 | | | 218 | | | 396 |
| Total other income, net | | 1,423 | | 1,024 | | 7,608 | | 11,869 | ||||
| Loss before income taxes | | (17,773) | | (21,983) | | (29,457) | | (34,411) | ||||
| Provision for income taxes | | (132) | | (668) | | (546) | | (672) | ||||
| Net loss | | (17,905) | | (22,651) | | (30,003) | | (35,083) | ||||
| Less: Net income attributable to non-controlling interests | | | 2 | | | — | | | 2 | | | — |
| Net loss attributable to SES | | | (17,903) | | | (22,651) | | | (30,001) | | | (35,083) |
| Other comprehensive income (loss), net of tax: | | | | | | | | | ||||
| Foreign currency translation adjustment | | 27 | | (283) | | 739 | | (236) | ||||
| Unrealized gain (loss) on short-term investments | | | (55) | | | (55) | | | (280) | | | (75) |
| Total other comprehensive (loss) income, net of tax | | | (28) | | | (338) | | | 459 | | | (311) |
| Total comprehensive loss | | $(17,931) | | $(22,989) | | $(29,542) | | $(35,394) | ||||
| | | | | | | | | | | | | |
| Net loss per share attributable to common stockholders: | | | | | | | | | | | | |
| Basic and diluted | | $(0.05) | | $(0.07) | | $(0.09) | | $(0.11) | ||||
| | | | | | | | | | | | | |
| Weighted-average shares outstanding: | | | | | | | | | | | | |
| Basic and diluted | | 336,324,962 | | 331,731,923 | | 334,592,319 | | 330,539,801 | ||||
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