What is SES AI's free cash flow yield?

SES AI (SES) reported free cash flow yield of -16.3% in Q1 2026.

How has SES AI's free cash flow yield changed year-over-year?

SES AI's free cash flow yield increased by 64.1% year-over-year, from -45.5% to -16.3%.

What is the long-term trend for SES AI's free cash flow yield?

Over 4 years (2021 to 2025), SES AI's free cash flow yield has grown at a 55.5% compound annual growth rate (CAGR), from -1.6% to -9.3%.

What does free cash flow yield mean?

Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.

SES AI SES Free cash flow yield

Free cash flow yield at other companies

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-7.2%-2.4pp

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-11.4%-4.7pp

Enovix CorporationENVX

-11.3%0.0pp

Amprius TechnologiesAMPX

-2.5%-1.1pp

Microvast Holdings, Inc.MVST

5.1%—

American Battery Technology CompanyABAT

-9.4%-3.9pp

Other financials

Income statement

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Revenue$6.7M+15.8%

Gross profit$1.2M-73.3%

Operating income-$17.9M+23.2%

Net income-$12.1M+2.7%

EPS (diluted)-$0.040.0%

Balance sheet

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Cash & equivalents$46.9M-16.3%

Total debt$7.7M-18.9%

Total equity$203.2M-24.7%

Total assets$253.5M-17.1%

Cash flow

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Operating cash flow-$19.8M+13.3%

CapEx$330.0K-64.0%

Free cash flow-$20.1M+15.2%

Valuation

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Market cap$325.08M+5.5%

Enterprise value$285.86M+9.3%

P/S14.8×-27.2×

Profitability

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Gross margin36.3%-39.1pp

Operating margin-352.3%-153pp

Net margin-331.7%-142pp

FCF margin-262.8%-115pp

Returns & leverage

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Return on equity-30.7%-0.7pp

Debt / equity0×0.0×

Current ratio6.9×-8.8×

Where this comes from

Calculated from SES AI’s reported figures.

free cash flow/market cap=-16.3%

Based on trailing twelve months.

The official record: SES AI’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SES AI's free cash flow yield?: SES AI (SES) reported free cash flow yield of -16.3% in Q1 2026.
How has SES AI's free cash flow yield changed year-over-year?: SES AI's free cash flow yield increased by 64.1% year-over-year, from -45.5% to -16.3%.
What is the long-term trend for SES AI's free cash flow yield?: Over 4 years (2021 to 2025), SES AI's free cash flow yield has grown at a 55.5% compound annual growth rate (CAGR), from -1.6% to -9.3%.
What does free cash flow yield mean?: Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.