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SES AI SES Debt-to-equity

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Other financials

Income statement

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Revenue$5.1M+43.8%
Gross profit$1.1M-55.9%
Operating income-$19.2M+16.6%
Net income-$17.9M+21.0%
EPS (diluted)-$0.05+28.6%

Balance sheet

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Cash & equivalents$64.1M+446%
Total debt$7.1M-23.2%
Total equity$187.1M-24.9%
Total assets$236.2M-18.7%

Cash flow

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Operating cash flow-$13.8M-27.8%
CapEx$656.0K-18.4%
Free cash flow-$14.5M-24.6%

Valuation

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Market cap$196.38M-51.2%
Enterprise value$139.39M-65.1%
P/S8.4×-30.5×

Profitability

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Gross margin27.8%-47.7pp
Operating margin-312.8%-129pp
Net margin-289.6%-119pp
FCF margin-257.7%-99.7pp

Returns & leverage

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Return on equity-31.2%-2.7pp
Current ratio6.5×-5.9×

Where this comes from

Calculated from SES AI’s reported figures.

Based on the most recent quarter.

The source filing: SES AI’s 10-Q, filed August 11, 2026. Open the filing →

Filed
Aug 11, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001819142-26-000045

FAQ

What is SES AI's debt-to-equity?
SES AI (SES) reported debt-to-equity of 0× in Q2 2026.
How has SES AI's debt-to-equity changed year-over-year?
SES AI's debt-to-equity increased by 2.4% year-over-year, from 0× to 0×.
What is the long-term trend for SES AI's debt-to-equity?
Over 3 years (2022 to 2025), SES AI's debt-to-equity has grown at a 10.5% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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