SES AI (SES) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

SES AI

NYSE•Consumer Cyclical•Auto Parts

$0.50-0.00(-0.01%)Market closed

Market Cap

$178.92M

P/S

7.6x

P/B

1.0x

SES AI Corporation develops and produces AI enhanced lithium metal and lithium-ion rechargeable battery technologies for electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other applications. It manufactures and sells residential and commercial ESS systems, li-ion, li metal battery cells and battery materials, such as electrolytes for automotive original equipment manufacturers and others. The company operates in the United States and the Asia Pacific regions. SES AI Corporation was founded in 2012 and is headquartered in Woburn, Massachusetts.

How this company scores

AverageMetricSide Score: 56/100

Strongest: Growth (21/25); weakest: Cash & Earnings Quality (8/25).

Profitability12/25

Growth21/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality8/25

Strengths

Growing revenueInterest easily coveredProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 7.6x5y range 7.6x – 386.3x

Currently below its 7-quarter median.

P/B · 1.0x5y range 0.5x – 2.8x

Currently above its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $178.92M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $23.46M
Q. Revenue: $5.07M
TTM EBITDA: $-62.78M
TTM Op. Income: $-73.40M
Q. Op. Income: $-19.20M
TTM Net Income: $-67.96M
Q. Net Income: $-17.90M
EPS: $-0.05
Shares Out.: $336.32M

$23.46M in TTM revenue grew 106.5% YoY, reaching $5.07M last quarter. TTM EBITDA of $-62.78M and TTM operating income of $-73.40M show growth is flowing through to the bottom line. However, net income is negative at $67.96M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.6%
EBITDA Margin: -325.5%
Op. Margin: -378.5%
Net Margin: -353.0%

Op. margin of -378.5% is up 273.8% YoY — cost efficiency is improving. Net margin at -353.0% and gross margin of 22.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 42% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 7.6x
P/B Ratio: 1.0x

P/S of 7.6x and P/B of 1.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $236.21M
Cash: $64.14M
Long-Term Debt: N/A
Book Value: $187.06M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-13.83M
TTM Free Cash Flow: $-60.46M
FCF Margin: -257.7%
FCF / Net Income: 0.9

TTM FCF of $-60.46M on $-13.83M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 16% — a weakening trend.