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SES AI SES Non-Controlling Interests

Non-Controlling Interests at other companies

Enovix Corporation logo
Enovix CorporationENVX
$2.06M-22.1%
Ultralife logo
UltralifeULBI
$94K-52.3%
Albemarle logo
AlbemarleALB
$258.69M+0.1%
indie Semiconductor, Inc. logo
indie Semiconductor, Inc.INDI
$27.49M+11.3%
Evolution Metals & Technologies Corp. logo
Evolution Metals & Technologies Corp.EMAT
$13.94M

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$207.57M-48.4%
Enterprise value$150.58M-62.3%
P/S8.9×-30.1×

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
Debt / equity0.0×
Current ratio6.5×-5.9×

Where this comes from

Reported directly by SES AI in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

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

Filed
Aug 11, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001819142-26-000045
(in thousands, except share and per share amounts)June 30, 2026December 31, 2025
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 327,266,996 and 321,551,078 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; Class B shares, $0.0001 par value, 200,000,000 shares authorized; 43,881,251 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively3737
Additional paid-in capital590,203588,355
Accumulated deficit(401,914)(371,911)
Accumulated other comprehensive loss(1,267)(1,726)
Total stockholders' equity attributable to SES187,059214,755
Non-controlling interests2
Total equity187,061214,755
Total liabilities and stockholders' equity$236,213$272,646

Item 1. Financial Statements

FAQ

What is SES AI's non-controlling interests?
SES AI (SES) reported non-controlling interests of $2K in Q2 2026.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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