| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net loss | -12,098 | -17,037 | -56,003 |
| Gain from change in fair value of sponsor earn-out liabilities | 4,208 | -846 | 2,523 |
| Stock-based compensation | 2,116 | 2,107 | 8,864 |
| Depreciation and amortization | 2,678 | 2,624 | 7,671 |
| Loss on disposal of fixed assets | NaN | NaN | -616 |
| Gain from change in fair value of deferred consideration | -846 | NaN | NaN |
| Accretion income from available-for-sale short-term investments | 499 | 711 | 2,421 |
| Loss on sale or disposal of fixed assets | NaN | -1,306 | NaN |
| Other | 429 | -36 | 425 |
| Accounts receivable | 3,360 | 1,348 | 1,283 |
| Inventories | 1,748 | 1,403 | -368 |
| Prepaid expenses and other assets | 946 | -15,401 | 5,419 |
| Right-of-use assets | -692 | -615 | -1,913 |
| Deferred tax assets | NaN | 137 | NaN |
| Accounts payable | 400 | 861 | 178 |
| Lease liabilities | -1,081 | -469 | -2,356 |
| Accrued expenses and other liabilities | -1,329 | -12,410 | 2,015 |
| Net cash used in operating activities | -19,800 | -10,407 | -47,955 |
| Purchases of property and equipment | 330 | 712 | 2,146 |
| Acquisition of business, net of cash acquired | NaN | 2,234 | 795 |
| Proceeds from the sale of short-term investments | NaN | 0 | 4,997 |
| Purchase of short-term investments | 31,991 | 43,378 | 194,798 |
| Proceeds from the maturities of short-term investments | 71,455 | 52,432 | 147,448 |
| Net cash provided by (used in) investing activities | 39,134 | 4,518 | -43,704 |
| Repurchase and retirement of class a common stock | NaN | 0 | 1,605 |
| Payments for taxes withheld on vesting of restricted stock | 2,053 | 15 | 418 |
| Proceeds from stock option exercises | 40 | 64 | 13 |
| Net cash (used in) provided by financing activities | -2,013 | 49 | -2,010 |
| Effect of exchange rates on cash | 41 | 150 | 177 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 17,362 | -5,690 | -93,492 |
| Cash, cash equivalents and restricted cash at beginning of period (note 5) | 30,213 | 35,903 | 129,395 |
| Cash, cash equivalents and restricted cash at end of period (note 5) | 47,575 | 30,213 | 35,903 |
SES AI Corp (SES-WT)
SES AI Corp (SES-WT)