secwatch.observer — SEC 8-K summary
======================================

Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001819142-26-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914226000009/0001819142-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914226000009/ses-20260304x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-26-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer