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SES AI SES Return on assets

Return on assets at other companies

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QuantumScape Corporation QS
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Solid PowerSLDP
-18.7%-0.6pp
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Enovix CorporationENVX
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Amprius TechnologiesAMPX
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Microvast Holdings, Inc.MVST
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American Battery Technology CompanyABAT
-64.9%-6.1pp

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×
Current ratio6.9×-8.8×

Where this comes from

Calculated from SES AI’s reported figures.

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 return on assets?
SES AI (SES) reported return on assets of -26% in Q1 2026.
How has SES AI's return on assets changed year-over-year?
SES AI's return on assets increased by 7.4% year-over-year, from -28.1% to -26%.
What is the long-term trend for SES AI's return on assets?
Over 4 years (2021 to 2025), SES AI's return on assets has grown at a -6.9% compound annual growth rate (CAGR), from -32.2% to -24.2%.
What does return on assets mean?
Trailing-twelve-month net income divided by average total assets. Measures how efficiently the asset base generates profit, independent of how those assets are financed. Computed as net income over average total assets — note this is OpenCapital's standard definition and may differ from data vendors that use alternative numerators.