SES AI CORP CLASS A (SES)

What SES AI CORP CLASS A does

SES AI Corporation develops advanced lithium-metal battery technology and battery management solutions for electric aircraft, autonomous drones, and energy storage systems. The company designs and manufactures high-energy-density batteries intended for Urban Air Mobility (UAM) applications, defense drone systems, and grid-scale energy storage. SES AI also provides AI-based battery analytics and molecular design services through its Molecular Universe platform. The company operates manufacturing and R&D facilities and pursues joint development agreements with OEM customers to commercialize its battery technology at scale.

Fundamentals

• Price$0.80 as of 2026-07-09 close
• Market cap$294M as of 2026-07-10
• 1-year return-10.5% as of 2026-07-09 close
• Net margin-331.7% as of 2026-07-10
• Gross margin+36.3% as of 2026-07-10
• ROE-32.5% as of 2026-07-10
• Debt / equity0.00 as of 2026-07-10
• Revenue growth (YoY)+15.8% as of 2026-07-10
• Beta0.86 as of 2026-07-10

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Key risks (from latest filing)

["Continued losses and path to profitability uncertain; company expects ongoing operating losses for the foreseeable future despite internal growth projections.","Substantial additional capital requirements; ability to secure future funding at acceptable terms is not guaranteed and could impair financial position and operations.","Emerging market risk; UAM and Li-Metal battery market adoption may not achieve expected growth, and demand for NDAA-compliant drone cells may fail to materialize at scale."]

See SES's biggest risks from its latest 10-Q →

Competitors & peers

• QuantumScape
• Solid Power
• Panasonic
• LG Chem
• Samsung SDI

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