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SES AI Corp income statement

In fiscal 2025, SES AI Corp reported revenue of $21.0m, up 929.4% on the year before, operating income of −$82.6m (a -393.4% margin) and net income of −$73.0m, or −$0.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2024Dec 20242025Dec 2025LTMJun 2026
Revenue22123
Cost of revenue11017
Gross profit1117
Research and development726750
General and administrative382730
Operating income−109−83−73
Income before tax−100−73−68
Income tax000
Net income−100−73−68
Diluted EPS−$0.31−$0.22−$0.20
Diluted shares (average)322m331m333m
EBITDA−101−72−63

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.