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SES AI Corp balance sheet

At the end of fiscal 2025, SES AI Corp had total assets of $273m, total liabilities of $57.9m and shareholders' equity of $215m. It held $29.5m in cash against $830,000 of debt: net cash of $28.7m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents1293064
Receivables158
Inventory058
Total current assets277216186
Goodwill01313
Total assets330273236
Accounts payable266
Deferred revenue (current)—32
Total current liabilities232429
Short-term debt—10
Total debt010
Total liabilities515849
Shareholders' equity278215187
Net debt (negative = net cash)−129−29−64
Shares outstanding362m365m—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from SES AI Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SES AI Corp.