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SES AI Corporation (SES) 10-Year Financial Performance & Capital Metrics

SES • • Industrial / General
Consumer CyclicalAuto Parts & EquipmentPowertrain & Drivetrain SystemsTransmission & Gear Systems
AboutSES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles and other applications. The company was founded in 2012 and is headquartered in Boston, Massachusetts.Show more
  • Revenue $2M
  • EBITDA -$101M -39.0%
  • Net Income -$100M -87.6%
  • EPS (Diluted) -0.31 -82.4%
  • Gross Margin 63.14%
  • EBITDA Margin -4948.04%
  • Operating Margin -5355.29%
  • Net Margin -4911.03%
  • ROE -31.44% -120.9%
  • ROIC -36.65% -82.6%
  • Debt/Equity 0.04 -0.7%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 93 (top 7%)

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-19.34%
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-18.53%

EPS CAGR

10Y-
5Y-
3Y-
TTM-17.99%

ROCE

10Y Avg-49.19%
5Y Avg-31.88%
3Y Avg-25.75%
Latest-31.51%

Peer Comparison

Transmission & Gear Systems
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Valuation
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Growth
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Quality & Returns
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Momentum & Returns
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Technical
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Shares & Dilution
Sector-Specific
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ALSNAllison Transmission Holdings, Inc.9.28B111.5513.426.26%22.78%37.97%7.09%1.47
GGRGogoro Inc.45.8M3.10-0.34-11.21%-46.88%-99.31%2.23
WPRTWestport Fuel Systems Inc.37.5M2.16-1.70-8.89%-37.88%-75.62%0.39
KNDIKandi Technologies Group, Inc.83.69M1.02-1.733.21%-49.1%-14.35%0.24
SESSES AI Corporation693.77M2.16-6.97-490.03%-39.68%0.04

Profit & Loss

Jun 2015Jun 2016Jun 2017Jun 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+15.52M650K151K1.51M000002.04M
Revenue Growth %-0.11%-0.96%-0.77%8.98%-1%-----
Cost of Goods Sold+19.71M211K142K413K00000752K
COGS % of Revenue1.27%0.32%0.94%0.27%-----0.37%
Gross Profit+-4.2M439K9K1.09M000001.29M
Gross Margin %-0.27%0.68%0.06%0.73%-----0.63%
Gross Profit Growth %-28.97%1.1%-0.98%120.56%-1%-----
Operating Expenses+34.08M20.38M28.09M9.56M15.29M13.9M32.01M79.57M78.16M110.54M
OpEx % of Revenue2.2%31.35%186.02%6.34%-----54.18%
Selling, General & Admin11.56M11.54M10.32M7.71M4.78M4.46M16.49M51.61M47.48M38.4M
SG&A % of Revenue0.74%17.76%68.36%5.11%-----18.82%
Research & Development000010.51M9.44M15.51M27.97M30.68M72.14M
R&D % of Revenue---------35.36%
Other Operating Expenses22.52M8.83M17.77M1.85M12K-55K0000
Operating Income+-37.51M-22.63M-26.92M-8.86M-15.29M-13.9M-32.01M-79.57M-78.16M-109.25M
Operating Margin %-2.42%-34.82%-178.3%-5.88%------53.55%
Operating Income Growth %-1.71%0.4%-0.19%0.67%-0.72%0.09%-1.3%-1.49%0.02%-0.4%
EBITDA+-35.91M-21.76M-26.86M-8.83M-14.37M-12.2M-30.34M-76.98M-72.62M-100.94M
EBITDA Margin %-2.31%-33.48%-177.86%-5.86%------49.48%
EBITDA Growth %-2.1%0.39%-0.23%0.67%-0.63%0.15%-1.49%-1.54%0.06%-0.39%
D&A (Non-Cash Add-back)1.6M869K66K37K918K1.71M1.66M2.6M5.54M8.31M
EBIT-38.16M-19.96M-28.88M-8.87M-15.29M-13.9M-32.01M-79.57M-78.16M-109.25M
Net Interest Income+0000684K76K248K6.2M16.68M15.04M
Interest Income0000684K76K248K6.2M16.68M15.04M
Interest Expense372K439K-400K869K000000
Other Income/Expense-1.03M2.23M-1.56M-870K696K21K776K29.84M23.91M9.25M
Pretax Income+-38.54M-20.4M-28.48M-9.73M-14.59M-13.88M-31.23M-49.74M-54.25M-100M
Pretax Margin %-2.48%-31.39%-188.61%-6.46%------49.02%
Income Tax+372K439K-400K-129K108K7K25K1.25M-853K188K
Effective Tax Rate %1.01%1.02%0.99%0.99%1.01%1%1%1.03%0.98%1%
Net Income+-38.91M-20.84M-28.08M-9.61M-14.7M-13.89M-31.25M-50.99M-53.4M-100.19M
Net Margin %-2.51%-32.07%-185.96%-6.37%------49.11%
Net Income Growth %-1.71%0.46%-0.35%0.66%-0.53%0.06%-1.25%-0.63%-0.05%-0.88%
Net Income (Continuing)-38.91M-20.84M-28.08M-9.61M-14.7M-13.89M-31.25M-50.99M-53.4M-100.19M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-32.89-15.37-20.62-7.01-0.04-0.04-0.51-0.17-0.17-0.31
EPS Growth %-1.36%0.53%-0.34%0.66%0.99%0.06%-11.78%0.67%0%-0.82%
EPS (Basic)-32.89-15.37-20.62-7.01-0.04-0.04-0.51-0.17-0.17-0.31
Diluted Shares Outstanding1.18M1.36M1.36M1.37M347.87M347.87M61.09M288.3M315.05M321.82M
Basic Shares Outstanding1.18M1.36M1.36M1.37M347.87M347.87M61.09M288.3M315.05M321.82M
Dividend Payout Ratio----------

Balance Sheet

Jun 2015Jun 2016Jun 2017Jun 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+25.63M17.39M5.74M8.08M25.89M15.1M169.97M396.64M348.63M276.9M
Cash & Short-Term Investments22.22M13.81M4.99M7.07M25.4M14.73M160.5M390.08M332.45M262.54M
Cash Only22.22M13.81M4.99M7.07M25.4M2.44M160.5M106.62M85.67M128.8M
Short-Term Investments0000012.29M0283.46M246.78M133.75M
Accounts Receivable676K705K27K167K007.91M2.38M3.91M950K
Days Sales Outstanding15.9395.8865.2640.45-----169.98
Inventory865K587K43K42K000383K558K212K
Days Inventory Outstanding16.021.02K110.5337.12-----102.9
Other Current Assets1.88M2.29M678K797K00954.1K3.79M11.71M13.2M
Total Non-Current Assets+48.12M37.79M9.59M6.24M10.54M9.49M23.38M43.8M58.18M52.88M
Property, Plant & Equipment10.34M54K24K10K7.18M6.04M12.49M39.12M51.06M48.09M
Fixed Asset Turnover1.50x12.04x6.29x150.70x-----0.04x
Goodwill0000000000
Intangible Assets939K898K984K1.04M1.86M1.73M1.63M1.47M1.34M1.22M
Long-Term Investments34.81M26.2M8.54M5.04M000000
Other Non-Current Assets2.02M10.64M43K153K1.5M1.71M9.26M3.21M4.72M2.24M
Total Assets+73.75M55.18M15.33M14.31M36.43M24.59M193.35M440.44M406.81M329.79M
Asset Turnover0.21x0.01x0.01x0.11x-----0.01x
Asset Growth %-0.2%-0.25%-0.72%-0.07%1.54%-0.32%6.86%1.28%-0.08%-0.19%
Total Current Liabilities+14.98M14.99M1.76M1.68M2.24M3.88M10.98M19.36M20.36M22.82M
Accounts Payable3.19M565K455K496K640K1.03M4.71M6.19M4.83M1.9M
Days Payables Outstanding59.05977.371.17K438.35-----922.69
Short-Term Debt3.27M0000840K0000
Deferred Revenue (Current)000206K0001000K00
Other Current Liabilities8.52M14.43M1.31M979K1.16M1.82M853K4.09M11.56M18.02M
Current Ratio1.71x1.16x3.25x4.80x11.56x3.90x15.47x20.49x17.13x12.14x
Quick Ratio1.65x1.12x3.23x4.78x11.56x3.90x15.47x20.47x17.10x12.13x
Cash Conversion Cycle-27.13433.94-993.75-360.79------649.82
Total Non-Current Liabilities+-1.04M-1.55M-724K7.28M82.71M82.78M270.69M29.54M27.5M28.66M
Long-Term Debt0005.39M001.15M000
Capital Lease Obligations000000010.16M11.32M7.98M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities-1.04M-1.55M-724K1.89M82.71M82.78M269.54M12.72M6.92M12.08M
Total Liabilities13.94M13.44M1.04M8.96M84.95M86.66M281.68M48.9M47.86M51.48M
Total Debt+6.54M005.39M0840K1.15M12.06M13.72M10.56M
Net Debt-15.68M-13.81M-4.99M-1.68M-25.4M-1.6M-159.34M-94.56M-71.95M-118.23M
Debt / Equity0.11x--1.01x---0.03x0.04x0.04x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-100.83x-51.56x--10.20x------
Total Equity+59.81M41.74M14.29M5.35M-48.52M-62.07M-88.32M391.54M358.95M278.31M
Equity Growth %-0.27%-0.3%-0.66%-0.63%-10.07%-0.28%-0.42%5.43%-0.08%-0.22%
Book Value per Share50.5730.7910.493.91-0.14-0.18-1.451.361.140.86
Total Shareholders' Equity59.81M41.74M14.29M5.35M-48.52M-62.07M-88.32M391.54M358.95M278.31M
Common Stock855K870K109K110K006K35K35K36K
Retained Earnings-203.87M-226.94M-250.46M-260.07M-49.15M-63.04M-94.29M-145.29M-198.69M-298.87M
Treasury Stock0000000000
Accumulated OCI-36.74M-1.59M-1.64M-1.66M-55K133K367K-1.25M-1.61M-2.23M
Minority Interest0000000000

Cash Flow

Jun 2015Jun 2016Jun 2017Jun 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-11.79M-8.56M-8.51M-6.12M-14.27M-11.01M-29.99M-46.5M-56.41M-66.09M
Operating CF Margin %-0.76%-13.17%-56.38%-4.06%------32.4%
Operating CF Growth %-0.24%0.27%0.01%0.28%-1.33%0.23%-1.72%-0.55%-0.21%-0.17%
Net Income-37.88M-23.07M-26.52M-9.6M-14.7M-13.89M-31.25M-50.38M-53.4M-100.19M
Depreciation & Amortization1.6M869K66K37K918K1.71M1.66M2.6M5.54M8.31M
Stock-Based Compensation0000123K154K4.57M22.77M20.65M19.93M
Deferred Taxes0000487-25K-840K0-1.06M0
Other Non-Cash Items22.65M18.59M14.67M-236K-48725K95K-27.29M-17.03M-2.53M
Working Capital Changes-745K-8.26M1.58M2.42M-610K1.02M-4.22M5.8M-11.11M8.39M
Change in Receivables-7K659K-140K-272K00-7.91M5.53M-1.53M2.96M
Change in Inventory281K424K1K43K007.91M-383K-184K330K
Change in Payables0861K118K422K-188K608K1.29M-3.98M-62K-72K
Cash from Investing+-1.98M-799K-397K1.13M-4.61M-13.27M3.31M-296.01M32.72M108.19M
Capital Expenditures-355K-27K-5K-5K-4.61M-982K-8.98M-14.65M-15.76M-12.21M
CapEx % of Revenue0.02%0.04%0.03%0%-----5.98%
Acquisitions----------
Investments----------
Other Investing-1.63M-772K-392K1.13M-1.92K-12.29K-275.97M2.35M07.21M
Cash from Financing+15.47M16.57M2.05M122K1.14M840K184.76M289.93M3.27M1.01M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing15.47M16.57M2.05M122K17K0-286.66M289.93M3.27M0
Net Change in Cash----------
Free Cash Flow+-12.14M-8.59M-8.52M-6.13M-18.88M-11.99M-38.97M-61.15M-72.17M-78.29M
FCF Margin %-0.78%-13.21%-56.41%-4.06%------38.38%
FCF Growth %-0.17%0.29%0.01%0.28%-2.08%0.36%-2.25%-0.57%-0.18%-0.08%
FCF per Share-10.26-6.33-6.26-4.47-0.05-0.03-0.64-0.21-0.23-0.24
FCF Conversion (FCF/Net Income)0.30x0.41x0.30x0.64x0.97x0.79x0.96x0.91x1.06x0.66x
Interest Paid0000000000
Taxes Paid00000000222K286K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-54.91%-41.05%-100.24%-97.83%----33.63%-14.23%-31.44%
Return on Invested Capital (ROIC)-51.18%-47.11%-108.46%-102.53%----242.04%-20.08%-36.65%
Gross Margin-27.04%67.54%5.96%72.59%-----63.14%
Net Margin-250.74%-3206.62%-18596.03%-637.36%------4911.03%
Debt / Equity0.11x--1.01x---0.03x0.04x0.04x
Interest Coverage-100.83x-51.56x--10.20x------
FCF Conversion0.30x0.41x0.30x0.64x0.97x0.79x0.96x0.91x1.06x0.66x
Revenue Growth-11.38%-95.81%-76.77%898.01%-100%-----

Revenue by Segment

2024
Service1.92M
Service Growth-
Product120K
Product Growth-

Frequently Asked Questions

Growth & Financials

SES AI Corporation (SES) reported $18.5M in revenue for fiscal year 2024. This represents a 82% increase from $10.2M in 2011.

SES AI Corporation (SES) grew revenue by 0.0% over the past year. Growth has been modest.

SES AI Corporation (SES) reported a net loss of $90.5M for fiscal year 2024.

Dividend & Returns

SES AI Corporation (SES) has a return on equity (ROE) of -31.4%. Negative ROE indicates the company is unprofitable.

SES AI Corporation (SES) had negative free cash flow of $63.3M in fiscal year 2024, likely due to heavy capital investments.

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