SES
SES AI Corporation
NYSEUSDEQUITY
Consumer Cyclical
DELAYED
Buy
+20/100
Last price
0.79
▼ 0.04 (5.18%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
0.79
Prev close
0.84
Day high
0.87
Day low
0.76
Volume
26.43M
Market cap
$293.35M
P/E (TTM)
—
52W range
0.49 – 3.73
Day trading desk
Gap from prior close
-5.00%
Prior close 0.84
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
2.32%
0.78 – 0.80
Position in range
68%
Mid range
ATR (14D)
0.08
9.84% of price
Prior day high
0.90
PDH
Prior day low
0.80
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 18.95M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+47.94%
+46.0%
1M
+57.06%
+55.9%
3M
-3.78%
-8.3%
6M
-16.93%
-35.1%
YTD
-56.11%
-70.4%
1Y
-61.65%
-78.1%
3Y
-65.20%
-147.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SES open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+2.59M
Net buying
Buy transactions
6
2.62M shares
Sell transactions
1
25.00K shares
Net transactions
+7
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
58.62M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 22, 26 | PILKINGTON KYLE Officer |
SELL | 25.00K | $30.01K | Direct |
| May 18, 26 | BOYD ANDREW J Director |
STOCK | 141.59K | $0 | Direct |
| May 18, 26 | MA JIONG Director |
STOCK | 141.59K | $0 | Direct |
| May 18, 26 | LUO ERIC Director |
STOCK | 141.59K | $0 | Direct |
| May 18, 26 | HU QICHAO Chief Executive Officer |
STOCK | 1.50M | $0 | Direct |
| May 18, 26 | PILKINGTON KYLE Officer |
STOCK | 353.98K | $0 | Direct |
| May 18, 26 | LIU YI RAY Chief Financial Officer |
STOCK | 331.86K | $0 | Direct |
| Mar 9, 26 | PILKINGTON KYLE Officer |
SELL | 25.00K | $30.00K | Direct |
| Jan 23, 26 | GAN HONG Officer |
SELL | 250.00K | $624.71K | Direct |
| Jan 23, 26 | GAN HONG Officer |
CONVERSION | 250.00K | $40.00K | Direct |
| Dec 15, 25 | GAN HONG Officer |
SELL | 100.00K | $197.89K | Direct |
| Dec 15, 25 | GAN HONG Officer |
CONVERSION | 100.00K | $15.07K | Direct |
| Nov 17, 25 | GAN HONG Officer |
SELL | 150.00K | $285.23K | Direct |
| Nov 17, 25 | GAN HONG Officer |
CONVERSION | 150.00K | $22.50K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOYD ANDREW J |
Director | 437.89K | Stock Award(Grant) |
GAN HONG |
Officer | 1.25M | Sale |
HU QICHAO |
Chief Executive Officer | 5.45M | Stock Award(Grant) |
LUO ERIC |
Director | 524.99K | Stock Award(Grant) |
MA JIONG |
Director | 524.99K | Stock Award(Grant) |
NEALIS JING L |
Chief Financial Officer | 2.77M | Stock Award(Grant) |
NOONEN MICHAEL |
Director | 383.40K | Stock Award(Grant) |
PILKINGTON KYLE |
Officer | 1.02M | Sale |
SK INC. |
Beneficial Owner of more than 10% of a Class of Security | 31.84M | Sale |
XU KANG |
Chief Technology Officer | 694.29K | Stock Award(Grant) |
Fundamentals
Market cap$293.35M
Enterprise value$137.50M
Revenue (TTM)$23.46M
Gross profit$6.51M
EBITDA$-62.78M
Net income$-67.96M
EPS (TTM)$-0.20
Free cash flow$-28.22M
Total cash$163.00M
Total debt$7.14M
Book value / share$0.50
Shares outstanding327.41M
Float298.69M
Short % of float16.02%
Dividend yield0.00%
Beta (5Y)0.99
Valuation & profitability ratios
Trailing P/E—
Forward P/E-5.52
PEG ratio—
Price / sales—
Price / book1.57
EV / revenue5.86
EV / EBITDA-2.19
Gross margin27.75%
Operating margin-378.47%
Profit margin-289.64%
Return on equity-31.15%
Return on assets-17.42%
Debt / equity3.82
Current ratio6.52
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $21.00M | $2.04M | $0 | $0 | +929.4% |
| Operating revenue | $21.00M | $2.04M | $0 | $0 | +929.4% |
| Cost of revenue | $9.69M | $752.00K | $0 | — | +1,189.0% |
| Gross profit | $11.31M | $1.29M | $0 | — | +777.9% |
| Research & development | $67.05M | $72.14M | $30.68M | $27.97M | -7.1% |
| Selling, general & admin | $26.88M | $38.40M | $47.48M | $51.61M | -30.0% |
| Total operating expense | $93.92M | $110.54M | $78.16M | $79.57M | -15.0% |
| Operating income | -$82.61M | -$109.25M | -$78.16M | -$79.57M | +24.4% |
| Net interest income | $9.34M | $15.04M | $16.68M | $6.20M | -37.9% |
| Pre-tax income | -$72.81M | -$100.00M | -$54.25M | -$49.74M | +27.2% |
| Tax provision | $231.00K | $188.00K | -$853.00K | $1.25M | +22.9% |
| Net income | -$73.04M | -$100.19M | -$53.40M | -$50.99M | +27.1% |
| Net income to common | -$73.04M | -$100.19M | -$53.40M | -$50.99M | +27.1% |
| Basic EPS | -0.22 | -0.31 | -0.17 | -0.17 | +29.0% |
| Diluted EPS | -0.22 | -0.31 | -0.17 | -0.17 | +29.0% |
| EBIT | -$82.61M | -$109.25M | -$78.16M | -$79.57M | +24.4% |
| EBITDA | -$72.32M | -$100.94M | -$72.62M | -$76.98M | +28.4% |
| Basic shares | 330.92M | 321.82M | 315.05M | 288.30M | +2.8% |
| Diluted shares | 330.92M | 321.82M | 315.05M | 288.30M | +2.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $29.54M | $128.80M | $85.67M | $106.62M | — | -77.1% |
| Cash & short-term investments | $199.63M | $262.54M | $332.45M | $390.08M | — | -24.0% |
| Accounts receivable | $4.78M | $950.00K | $0 | — | — | +403.5% |
| Inventory | $5.15M | $212.00K | $558.00K | $383.00K | — | +2,331.1% |
| Total current assets | $216.28M | $276.90M | $348.63M | $396.64M | — | -21.9% |
| Property, plant & equipment | $36.50M | $48.09M | $51.06M | $39.12M | — | -24.1% |
| Goodwill & intangibles | $16.08M | $1.22M | $1.34M | $1.47M | — | +1,221.4% |
| Total assets | $272.65M | $329.79M | $406.81M | $440.44M | — | -17.3% |
| Total current liabilities | $24.16M | $22.82M | $20.36M | $19.36M | — | +5.9% |
| Current debt | $830.00K | — | — | — | — | — |
| Long-term debt | — | — | — | — | $1.15M | — |
| Total debt | $8.94M | $10.56M | $13.72M | $12.06M | — | -15.3% |
| Total liabilities | $57.89M | $51.48M | $47.86M | $48.90M | — | +12.5% |
| Retained earnings | -$371.91M | -$298.87M | -$198.69M | -$145.29M | — | -24.4% |
| Shareholder equity | $214.75M | $278.31M | $358.95M | $391.54M | — | -22.8% |
| Working capital | $192.12M | $254.09M | $328.27M | $377.28M | — | -24.4% |
| Net tangible assets | $198.67M | $277.09M | $357.61M | $390.07M | — | -28.3% |
| Shares issued | 365.43M | 361.56M | 354.15M | 349.71M | — | +1.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$73.04M | -$100.19M | -$53.40M | -$50.99M | +27.1% |
| Depreciation & amortisation | $10.29M | $8.31M | $5.54M | $2.60M | +23.9% |
| Stock-based compensation | $10.97M | $19.93M | $20.65M | $22.77M | -45.0% |
| Change in working capital | -$3.47M | $8.39M | -$11.11M | $6.41M | -141.4% |
| Operating cash flow | -$58.36M | -$66.09M | -$56.41M | -$46.50M | +11.7% |
| Capital expenditure | -$2.86M | -$12.21M | -$15.76M | -$14.65M | +76.6% |
| Investing cash flow | -$39.19M | $108.19M | $32.72M | -$296.01M | -136.2% |
| Share buybacks | -$1.60M | $0 | — | — | — |
| Financing cash flow | -$1.96M | $1.01M | $3.27M | $289.93M | -294.2% |
| Free cash flow | -$61.22M | -$78.29M | -$72.17M | -$61.15M | +21.8% |
| End cash position | $30.21M | $129.40M | $86.97M | $107.94M | -76.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $5.07M | $6.71M | $4.56M | $7.12M | $3.53M | -24.4% |
| Operating revenue | $5.07M | $6.71M | $4.56M | $7.12M | $3.53M | -24.4% |
| Cost of revenue | $3.92M | $5.50M | $4.05M | $3.48M | $927.00K | -28.6% |
| Gross profit | $1.15M | $1.22M | $514.00K | $3.64M | $2.60M | -5.6% |
| Research & development | $11.36M | $11.03M | $11.82M | $15.63M | $19.09M | +3.0% |
| Selling, general & admin | $8.98M | $8.05M | $6.38M | $6.66M | $6.52M | +11.5% |
| Total operating expense | $20.34M | $19.08M | $18.20M | $22.29M | $25.61M | +6.6% |
| Operating income | -$19.20M | -$17.87M | -$17.68M | -$18.65M | -$23.01M | -7.4% |
| Net interest income | $1.47M | $1.70M | $2.03M | $2.27M | $2.37M | -13.3% |
| Pre-tax income | -$17.77M | -$11.68M | -$17.37M | -$21.03M | -$21.98M | -52.1% |
| Tax provision | $132.00K | $414.00K | -$333.00K | -$108.00K | $668.00K | -68.1% |
| Net income | -$17.90M | -$12.10M | -$17.04M | -$20.92M | -$22.65M | -48.0% |
| Net income to common | -$17.90M | -$12.10M | -$17.04M | -$20.92M | -$22.65M | -48.0% |
| Basic EPS | -0.05 | -0.04 | -0.05 | -0.06 | -0.07 | -25.0% |
| Diluted EPS | -0.05 | -0.04 | -0.05 | -0.06 | -0.07 | -25.0% |
| EBIT | -$19.20M | -$17.87M | -$17.68M | -$18.65M | -$23.01M | -7.4% |
| EBITDA | -$16.51M | -$15.19M | -$15.06M | -$16.02M | -$20.48M | -8.7% |
| Basic shares | 336.32M | 332.84M | 331.24M | 331.34M | 331.73M | +1.0% |
| Diluted shares | 336.32M | 332.84M | 331.24M | 331.34M | 331.73M | +1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $64.14M | $46.94M | $29.54M | $35.27M | $11.76M | +36.6% |
| Cash & short-term investments | $163.00M | $177.68M | $199.63M | $214.01M | $228.88M | -8.3% |
| Accounts receivable | $7.75M | $8.18M | $4.78M | $3.37M | $3.01M | -5.3% |
| Inventory | $8.44M | $6.96M | $5.15M | $3.66M | $114.00K | +21.2% |
| Total current assets | $185.99M | $200.57M | $216.28M | $230.36M | $242.96M | -7.3% |
| Property, plant & equipment | $30.58M | $33.25M | $36.50M | $39.20M | $42.83M | -8.0% |
| Goodwill & intangibles | $15.96M | $16.02M | $16.08M | $15.49M | $1.15M | -0.4% |
| Total assets | $236.21M | $253.52M | $272.65M | $288.77M | $290.46M | -6.8% |
| Total current liabilities | $28.53M | $29.24M | $24.16M | $28.01M | $19.50M | -2.4% |
| Current debt | $442.00K | $709.00K | $830.00K | $1.92M | — | -37.7% |
| Total debt | $7.14M | $7.72M | $8.94M | $10.38M | $9.30M | -7.5% |
| Total liabilities | $49.15M | $50.27M | $57.89M | $60.57M | $41.23M | -2.2% |
| Retained earnings | -$401.91M | -$384.01M | -$371.91M | -$354.87M | -$333.95M | -4.7% |
| Shareholder equity | $187.06M | $203.25M | $214.75M | $228.20M | $249.23M | -8.0% |
| Working capital | $157.46M | $171.33M | $192.12M | $202.36M | $223.46M | -8.1% |
| Net tangible assets | $171.10M | $187.22M | $198.67M | $212.71M | $248.07M | -8.6% |
| Shares issued | 371.15M | 368.59M | 365.43M | 365.01M | 366.05M | +0.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$17.91M | -$12.10M | -$17.04M | -$20.92M | -$22.65M | -48.0% |
| Depreciation & amortisation | $2.69M | $2.68M | $2.62M | $2.63M | $2.53M | +0.3% |
| Stock-based compensation | $1.99M | $2.12M | $2.11M | $2.18M | $2.71M | -6.1% |
| Change in working capital | -$288.00K | -$7.37M | $1.11M | -$2.35M | $5.72M | +96.1% |
| Operating cash flow | -$13.83M | -$19.80M | -$10.41M | -$14.30M | -$10.82M | +30.2% |
| Capital expenditure | -$656.00K | -$330.00K | -$712.00K | -$426.00K | -$804.00K | -98.8% |
| Investing cash flow | $31.47M | $39.13M | $4.52M | $39.48M | -$33.34M | -19.6% |
| Share buybacks | — | — | $0 | — | — | — |
| Financing cash flow | -$240.00K | -$2.01M | $49.00K | -$1.67M | -$353.00K | +88.1% |
| Free cash flow | -$14.48M | -$20.13M | -$11.12M | -$14.73M | -$11.63M | +28.1% |
| End cash position | $64.76M | $47.58M | $30.21M | $35.90M | $12.41M | +36.1% |
Options analytics
Put / call volume
0.12
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
0.50
-36.7% from spot
ATM implied vol
50.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
250
Contracts, this expiry
Put volume
30
Contracts, this expiry
Heaviest call OI
0.50
0 contracts
Heaviest put OI
0.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.04 | -0.04 | +3.9% |
| Mar 2026 | -0.03 | -0.03 | +2.9% |
| Dec 2025 | -0.02 | -0.04 | -100.0% |
| Sep 2025 | -0.03 | -0.06 | -100.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.04 | 3 | $7.15M | +0.4% |
| Next quarter | -0.04 | 3 | $13.22M | +189.8% |
| Current year | -0.15 | 2 | $32.16M | +53.1% |
| Next year | -0.14 | 3 | $66.59M | +107.1% |
Analyst targets & ownership
Mean target$2.55
High target$4.00
Low target$1.10
Implied upside221.77%
Analyst count2
ConsensusNONE
Strong buy / Buy0 / 1
Hold1
Sell / Strong sell0 / 0
Held by insiders15.79%
Held by institutions37.09%
Institutions holding168
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
0.66
+20.44% from price
SMA 20
0.61
+29.87% from price
SMA 50
0.57
+39.03% from price
SMA 100
0.77
+2.88% from price
SMA 200
1.15
-31.17% from price
EMA 12
0.69
+15.50% from price
EMA 26
0.63
+26.40% from price
EMA 50
0.63
+24.81% from price
RSI (14)
65.5
Neutral
MACD (12,26,9)
0.06
Hist 0.03
ATR (14)
0.08
9.87% of price
Realised vol 30D
125.3%
Annualised
Bollinger upper
0.84
20, 2σ
Bollinger lower
0.38
20, 2σ
50 / 200 cross
Death
0.57 vs 1.15
Trend bias
Below 200
-31.17%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.89
More volatile than market
Correlation to SPY
0.35
Loosely linked
Realised vol 30D
125.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-85.9%
Peak to trough
Max drawdown 5Y
-97.6%
Peak to trough
ATR 14
0.08
9.87% of price
Beta (reported)
0.99
5Y monthly, from filing
Short interest
Shares short
51.75M
Prior 43.34M
Change vs prior
+19.4%
Shorts adding
% of float
16.02%
Elevated
% of shares out
13.94%
Against total outstanding
Days to cover
3.3
Liquid
Float
298.69M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 6, 25 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Jun 24, 25 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| May 20, 25 | Cantor Fitzgerald | INITIATED | — | Overweight |
| Jun 8, 23 | Wolfe Research | DOWNGRADE | Peer Perform | Underperform |
| Oct 31, 22 | Cowen & Co. | INITIATED | — | Market Perform |
| Sep 14, 22 | Deutsche Bank | INITIATED | — | Hold |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Notification filed by national security exchange to report the removal from listing and registration of matured
25-NSE · 2026-08-31
Corporate Changes & Voting Matters
8-K · 2026-08-14
Corporate Changes & Voting Matters
8-K · 2026-08-11
Corporate Changes & Voting Matters
8-K · 2026-07-20
A correspondence can be sent as a document with another submission type or can be sent as a separate submission
CORRESP · 2026-05-01
Periodic Financial Reports
10-K/A · 2026-04-30
Periodic Financial Reports
10-Q · 2026-04-24
Corporate Changes & Voting Matters
8-K · 2026-04-23
Headlines
SES AI’s Chungju Battery Facility Achieves ISO 9001:2015 Certification for Production of NDAA-Compliant Drone Cells
Business Wire · 9d ago
All You Need to Know About SES AI (SES) Rating Upgrade to Buy
Zacks · 33d ago
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index
CNW Group · 36d ago
SECURE SETS ELECTION DEADLINE FOR THE GFL TRANSACTION
CNW Group · 41d ago
SES AI (SES) Q2 2026 Earnings Call Transcript
Motley Fool · 50d ago
NYSE to Commence Delisting Proceedings with Respect to Warrants of SES AI Corporation (SES WS)
Business Wire · 55d ago
SES AI Appoints Paul Diemer to Board of Directors
Business Wire · 55d ago
Stonegate Updates Coverage on SES AI Corp. (SES) 2Q26
TMX Newsfile · 55d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.