For the quarter ending 2026-03-31, SES had $17,362K increase in cash & cash equivalents over the period. -$20,130K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -12,098 | -17,037 | -20,920 | -35,083 |
| Gain from change in fair value of sponsor earn-out liabilities | 4,208 | -846 | -3,913 | 6,436 |
| Stock-based compensation | 2,116 | 2,107 | 2,178 | 6,686 |
| Depreciation and amortization | 2,678 | 2,624 | 2,628 | 5,043 |
| Loss on disposal of fixed assets | - | - | -616 | - |
| Gain from change in fair value of deferred consideration | -846 | - | - | - |
| Accretion income from available-for-sale short-term investments | 499 | 711 | 687 | 1,734 |
| Loss on sale or disposal of fixed assets | - | -1,306 | - | - |
| Other | 429 | -36 | 322 | 103 |
| Accounts receivable | 3,360 | 1,348 | -776 | 2,059 |
| Inventories | 1,748 | 1,403 | -265 | -103 |
| Prepaid expenses and other assets | 946 | -15,401 | 7,757 | -2,338 |
| Right-of-use assets | -692 | -615 | -641 | -1,272 |
| Deferred tax assets | - | 137 | - | - |
| Accounts payable | 400 | 861 | 203 | -25 |
| Lease liabilities | -1,081 | -469 | -1,006 | -1,350 |
| Accrued expenses and other liabilities | -1,329 | -12,410 | 4,527 | -2,512 |
| Net cash used in operating activities | -19,800 | -10,407 | -14,301 | -33,654 |
| Purchases of property and equipment | 330 | 712 | 426 | 1,720 |
| Acquisition of business, net of cash acquired | - | 2,234 | 795 | - |
| Proceeds from the sale of short-term investments | - | 0 | 4,997 | - |
| Purchase of short-term investments | 31,991 | 43,378 | 32,531 | 162,267 |
| Proceeds from the maturities of short-term investments | 71,455 | 52,432 | 66,648 | 80,800 |
| Net cash provided by (used in) investing activities | 39,134 | 4,518 | 39,483 | -83,187 |
| Repurchase and retirement of class a common stock | - | 0 | 1,605 | - |
| Payments for taxes withheld on vesting of restricted stock | 2,053 | 15 | 60 | 358 |
| Proceeds from stock option exercises | 40 | 64 | 0 | 13 |
| Net cash (used in) provided by financing activities | -2,013 | 49 | -1,665 | -345 |
| Effect of exchange rates on cash | 41 | 150 | -22 | 199 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 17,362 | -5,690 | 23,495 | -116,987 |
| 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)
SES AI Corp (SES)