---
schema_version: "secwatch.filing_event.v1"
accession: "0001819142-26-000009"
form_type: "8-K"
ticker: "SES"
cik: "0001819142"
company_name: "SES AI Corp"
filed_at: "2026-03-04T23:59:59+00:00"
generated_at: "2026-05-15T21:46:26.904556+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SES AI Q4/FY2025: Revenue $21M (10x YoY), GAAP net loss narrows to $73M; 2026 guidance $30-35M

## Summary
- FY2025 revenue of $21.0M, up from $2.0M in FY2024; Q4 revenue $4.6M, up 124% YoY.
- GAAP net loss for FY2025 was $73.0M ($0.22 loss per share), improved from $100.2M ($0.31) in 2024.
- Non-GAAP net loss of $53.2M ($0.16 per share) vs $66.4M ($0.21) in 2024; Adjusted EBITDA loss $62.6M vs $81.5M.
- Ended FY2025 with $200M liquidity; FY2026 revenue guidance $30-35M (43-67% growth).
- ESS unit (UZ Energy) signed a $20M distributor contract; drone cell line conversion underway; six material breakthroughs tested by 40+ customers.

## SEC filing metadata
- accession: 0001819142-26-000009
- form_type: 8-K
- ticker: SES
- cik: 0001819142
- company_name: SES AI Corp
- filed_at: 2026-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819142/000181914226000009/0001819142-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819142/000181914226000009/ses-20260304x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819142-26-000009
- JSON: https://secwatch.observer/filing/0001819142-26-000009.json
- Plain text: https://secwatch.observer/filing/0001819142-26-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.