your badges 52W Range $0–$3 16% of range Analyst Rating BUY 6 analysts Price Target $3 +209% upside P/E -4.1 ROE -31.2% Net Profit Margin -289.6%

SES Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $0.83
P/E (TTM) -4.1
EPS (TTM) $-0.20
Revenue (TTM) $23M
ROE (TTM) -31.2%
Debt/Equity (MRQ) 0.0
52W Range $0–$3

SES Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$21M
2024-12-31 → 2025-12-31
EPS$-0.22
2020-12-31 → 2025-12-31
Free Cash Flow·
2022-12-31 → 2023-12-31
Net margin-289.6%
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend SES 5Y avg Peer Median Verdict
P/E (TTM) -4.15Y avg ≈-12.6 ≈-12.6 · ·
Price / Tangible Book 3.35Y avg ≈2.7 ≈2.7 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -28.1%
Next Report Nov 12, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 11, 2026 $-0.05 $-0.05 -6.2%
March 31, 2026 $-0.04 $-0.04 -13.0%
Dec. 31, 2025 $-0.05 $-0.05 0.99%
Sept. 30, 2025 $-0.06 $-0.03 -98.0%
June 30, 2025 $-0.07 $-0.04 -73.3%
March 31, 2025 $-0.04 $-0.05 20.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 20252024
Revenue $21M$2M
Cost of Revenue $10M$752.0K
Gross Profit $11M$1M
R&D Expense $67M$72M
SG&A Expense $27M$38M
Operating Expenses $94M$111M
Operating Income $-83M$-109M
Other Non-op $-1M$-479.0K
Pretax Income $-73M$-100M
Income Tax $231.0K$188.0K
Net Income $-73M$-100M
EPS (Basic) $-0.22$-0.31
EPS (Diluted) $-0.22$-0.31
Shares (Basic) 330,917,166321,824,143
Shares (Diluted) 330,917,166321,824,143
Balance Sheet 24
Metric Trend 20252024
Cash & Equivalents $30M$129M
Receivables $5M$950.0K
Inventory $5M$212.0K
Prepaid Expense $7M$13M
Current Assets $216M$277M
PP&E (Net) $29M$38M
PP&E (Gross) $59M$59M
Accum. Depreciation $30M$21M
Goodwill $13M$0
Intangibles $3M$1M
Other Non-current Assets $2M$2M
Total Assets $273M$330M
Accounts Payable $6M$2M
Short-term Debt $830.0K·
Current Liabilities $24M$23M
Capital Leases $6M$8M
Other Non-current Liabilities $3M$3M
Total Liabilities $58M$51M
Common Stock $37.0K$36.0K
Retained Earnings $-372M$-299M
AOCI $-2M$-2M
Stockholders' Equity $215M$278M
Liabilities + Equity $273M$330M
Shares Outstanding 365,432,329361,557,285
Cash Flow 11
Metric Trend 20252024
D&A $10M$8M
Stock-based Comp $11M$20M
Deferred Tax $-471.0K$-278.0K
Amort. of Intangibles $200.0K$100.0K
Operating Cash Flow $-58M$-66M
CapEx $3M$12M
Investing Cash Flow $-39M$108M
Stock Repurchased $2M·
Financing Cash Flow $-2M$1M
Net Change in Cash $-99M$42M
Taxes Paid ·$286.0K
Per Share 1
Metric Trend 20252024
EPS (TTM) $-0.22$-0.31
Growth Rates 1
Metric Trend 20252024
Revenue YoY 929.4%·
Valuation (TTM) 5
Metric Trend 20252024
Revenue TTM $21M$2M
Net Income TTM $-73M$-100M
P/E -8.2-7.1
P / Tangible Book 3.32.9
Earnings Yield -12.2%-14.2%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $21M $2M · · ·
Net Income $-73M $-100M $-53M $-51M $-31M
Diluted EPS $-0.22 $-0.31 $-0.17 $-0.18 $-0.51

Institutional owners (13F) 145 filers · $111.7M total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 145
Value held $111.7M
New positions 36
Exited positions 44
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
36 (-5 vs prior Q) 44 (+21 vs prior Q) 38 (-4 vs prior Q) 34 (-2 vs prior Q) +23.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $20,434,918 11,352,732 18.29% Shares
BlackRock, Inc. $18,192,329 18,946,396 16.28% Shares
Invesco Ltd. $9,857,152 10,265,727 8.82% Shares
STATE STREET CORP $9,238,261 9,621,184 8.27% Shares
VANGUARD CAPITAL MANAGEMENT LLC $9,202,546 9,585,985 8.24% Shares
GEODE CAPITAL MANAGEMENT, LLC $6,357,374 6,619,239 5.69% Shares
TWO SIGMA ADVISERS, LP $5,674,860 3,152,700 5.08% Shares
TWO SIGMA INVESTMENTS, LP $5,483,820 5,711,123 4.91% Shares
Temasek Holdings (Private) Ltd $3,034,916 3,160,712 2.72% Shares
General Motors Holdings LLC $2,805,656 2,921,950 2.51% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $2,062,120 2,147,594 1.85% Shares
NORTHERN TRUST CORP $1,903,514 1,982,414 1.70% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,898,323 1,977,420 1.70% Shares
VANGUARD FIDUCIARY TRUST CO $1,653,889 1,722,801 1.48% Shares
RENAISSANCE TECHNOLOGIES LLC $1,611,256 1,678,042 1.44% Shares
UBS Group AG $831,038 865,665 0.74% Shares
XTX Topco Ltd $760,859 792,396 0.68% Shares
Bank of New York Mellon Corp $671,297 699,122 0.60% Shares
MILLENNIUM MANAGEMENT LLC $598,542 623,351 0.54% Shares
Kestra Advisory Services, LLC $593,980 618,600 0.53% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $470,592 490,200 0.42% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $435,324 453,368 0.39% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $432,954 450,900 0.39% Shares
FIL Ltd $384,080 400,000 0.34% Shares
Nuveen, LLC $320,232 333,505 0.29% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $307,340 319,480 0.28% Shares
HITE Hedge Asset Management LLC $293,937 306,121 0.26% Shares
BANK OF AMERICA CORP /DE/ $281,660 293,395 0.25% Shares
DIMENSIONAL FUND ADVISORS LP $261,483 272,452 0.23% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $247,488 257,800 0.22% Put option
DEUTSCHE BANK AG\ $236,088 245,925 0.21% Shares
WELLS FARGO & COMPANY/MN $233,177 242,842 0.21% Shares
ALLIANCEBERNSTEIN L.P. $217,220 225,800 0.19% Shares
D. E. Shaw & Co., Inc. $213,539 222,390 0.19% Shares
CITADEL ADVISORS LLC $186,279 194,000 0.17% Put option
RHUMBLINE ADVISERS $185,824 193,573 0.17% Shares
BARCLAYS PLC $170,597 177,668 0.15% Shares
GOLDMAN SACHS GROUP INC $154,707 161,120 0.14% Shares
MetLife Investment Management, LLC $151,981 158,281 0.14% Shares
Connor, Clark & Lunn Investment Management Ltd. $141,182 147,034 0.13% Shares
WOLVERINE TRADING, LLC $131,775 75,300 0.12% Call option
CITIGROUP INC $129,098 134,449 0.12% Shares
CANADA PENSION PLAN INVESTMENT BOARD $124,442 129,600 0.11% Shares
IMC-Chicago, LLC $122,753 127,841 0.11% Shares
Cinctive Capital Management LP $121,655 126,698 0.11% Shares
JANUS HENDERSON GROUP PLC $117,735 122,100 0.11% Shares
ALLSTATE CORP $111,859 116,496 0.10% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $111,442 116,061 0.10% Shares
SBI Securities Co., Ltd. $107,867 179,779 0.10% Shares
MORGAN STANLEY $104,286 108,608 0.09% Shares

Show all 145 institutional owners →

Activists & 5%+ owners 2 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
General Motors Ventures LLC, General Motors Holdings LLC, General Motors Company ×4 filings Jan. 14, 2025 1.20% Amendment · SEC
Qichao Hu Feb. 14, 2022 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 19 insiders · 10 officers · 9 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Qichao Hu CEO & CHAIRMAN May 18, 2026 A 5,449,607 0 0 $0
Yi Ray Liu CHIEF FINANCIAL OFFICER May 18, 2026 A 331,858 0 0 $0
Jing Nealis CHIEF FINANCIAL OFFICER April 14, 2026 F 2,305,943 0 0 $0
Kang Xu CHIEF TECHNOLOGY OFFICER Sept. 1, 2026 F 766,437 0 0 $0
Kyle Pilkington CHIEF LEGAL OFFICER May 22, 2026 S 1,023,548 0 2 $-60,000
Hong Gan CHIEF SCIENCE OFFICER April 14, 2026 F 1,031,576 0 4 $-1,108,000
Gang Li CHIEF MANUFACTURING OFFICER April 17, 2025 F 353,720 0 0 $0
Rohit Makharia PRES. & CHIEF STRATEGY OFFICER Dec. 14, 2023 M 104,603 0 0 $0
Yongkyu Son CHIEF TECHNOLOGY OFFICER Aug. 16, 2023 M 583,862 0 0 $0
Joanne Ban CHIEF LEGAL & CORP. OFFICER June 13, 2022 M 238,613 0 0 $0
Paul Diemer Director Oct. 5, 2026 A 320,000 0 0 $0
Eric Luo Director May 18, 2026 A 524,993 0 0 $0
Jiong Ma Director May 18, 2026 A 524,993 0 0 $0
Andrew J Boyd Director May 18, 2026 A 437,889 0 0 $0
Jangwook Choi Director March 28, 2025 A 383,400 0 0 $0
Michael Noonen Director March 28, 2025 A 383,400 0 0 $0
Brian M Krzanich Director Feb. 6, 2024 A 254,237 0 0 $0
Robert M Friedland Director April 18, 2022 A 273,519 0 0 $0
SK INC. 10% owner Dec. 18, 2024 S 31,843,210 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 29 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PBD · Invesco Exchange-Traded Fund Trust … 1.42% 1,794,282 SH Oct. 28, 2026 Daily
VSS · VANGUARD INTERNATIONAL EQUITY INDEX… 0.11% 838,463 SH Aug. 19, 2026 Daily
ISVL · iShares Trust 0.11% 3,247 SH Sept. 11, 2026 Daily
IEUS · iShares Trust 0.05% 733 SH Sept. 11, 2026 Daily
IWC · iShares Trust 0.03% 866,729 SH Sept. 11, 2026 Daily
SCZ · iShares Trust 0.02% 23,471 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.01% 597 SH Sept. 11, 2026 Daily
VXUS · VANGUARD STAR FUNDS 0.01% 3,221,219 SH Aug. 19, 2026 Daily
VEA · VANGUARD TAX-MANAGED FUNDS 0.01% 2,164,144 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 1,457,144 SH Aug. 19, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.01% 198,119 SH Aug. 19, 2026 Daily
IEUR · iShares Trust 0.01% 5,334 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.00% 120,387 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.00% 6,256,452 SH Sept. 11, 2026 Daily
SCHA · SCHWAB STRATEGIC TRUST 0.00% 1,242,077 NS Aug. 31, 2026 N-PORT
IEFA · iShares Trust 0.00% 44,665 SH Sept. 11, 2026 Daily
IWO · iShares Trust 0.00% 230,130 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.00% 338,582 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.00% 6,325 NS July 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 164,070 NS Aug. 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 3,152,575 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 6,245,350 SH Aug. 19, 2026 Daily
VGK · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 16,974 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 167,867 SH Aug. 19, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.00% 25,916 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 21,680 SH Aug. 19, 2026 Daily
VIS · VANGUARD WORLD FUND 0.00% 274,561 SH Aug. 19, 2026 Daily
VSGX · VANGUARD WORLD FUND 0.00% 1,508 SH Aug. 19, 2026 Daily
IWN · iShares Trust · 2,173,584 SH Sept. 11, 2026 Daily

SES Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 6 analysts BUY
Median target $2.55 +208.8%
1 16.7% Strong Buy
3 50.0% Buy
2 33.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-10-24

Mean target $2.55 +208.8%

← Below all targets Current price $0.83
Low$1.10 Mean$2.55 High$4.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SES · -8.2 929.4% · · ·
EOSE $3.86B -1.7 631.8% -849.1% 58.0% -126.0%
ARRY $1.41B -12.6 40.2% -4.1% 37.7% 23.2%
FAC · · · · · ·
EAF $400M -1.8 -6.4% -43.6% 102.7% -3.1%
CHPT $146M -0.6 -1.4% -53.5% -478.6% 30.5%
DFLI · · · · · ·
SPWR · · · · · ·
NEOV $184M -5.7 58.2% -161.0% -96.4% 16.0%

Latest News Recent headlines mentioning this company

23
Why SES AI (SES) Is Becoming a Commercialization Story in Advanced Batteries Yahoo Finance · SES AI (SES): Revenue Up 929% in a Year and Cantor Still Sees More Room to Run Yahoo Finance ·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 10-Q filed Aug 11, 2026