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SES AI SES Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries 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 noncontrolling interests in subsidiaries?
SES AI (SES) reported noncontrolling interests in subsidiaries of $2K in Q2 2026.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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