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SES AI Corp (SES-WT) Stock Fundamental Analysis & AI Rating 2026

SES-WT NYSE Miscellaneous Electrical Machinery, Equipment & Supplies CIK: 0001819142
Recently Updated • Analysis: Apr 15, 2026 • SEC Data: 2025-12-31
SELL
72% Conf
Pending
Analysis scheduled

📊 SES-WT Key Takeaways

Revenue: $21.0M
Net Margin: -347.8%
Free Cash Flow: $-61.2M
Current Ratio: 8.95x
Debt/Equity: 0.00x
EPS: $-0.22
AI Rating: SELL with 72% confidence
SES AI Corp (SES-WT) receives a SELL rating with 72% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $21.0M, net profit margin of -347.8%, and return on equity (ROE) of -34.0%, SES AI Corp demonstrates mixed fundamentals in the Utilities sector. Below is our complete SES-WT stock analysis for 2026.

Is SES AI Corp (SES-WT) a Good Investment?

Claude

SES AI demonstrates explosive revenue growth (+929% YoY) with healthy 53.8% gross margins, but faces a critical survival crisis with $61.2M annual free cash burn against only $29.5M cash reserves (~6-month runway). The company is losing $3.47 per dollar of revenue and shows no clear path to profitability, indicating unsustainable unit economics despite scale-up efforts.

Why Buy SES AI Corp Stock? SES-WT Key Strengths

Claude
  • + Exceptional revenue growth of 929% YoY demonstrates significant market demand
  • + Strong gross margins of 53.8% suggest product scalability and pricing power
  • + Zero debt with $214.8M stockholders equity and 8.95x current ratio provide balance sheet resilience

SES-WT Stock Risks: SES AI Corp Investment Risks

Claude
  • ! Catastrophic cash burn of $61.2M annually against $29.5M cash creates existential 6-month runway risk
  • ! Operating margin of -393.4% and net margin of -347.8% indicate severely negative unit economics with no profitability visibility
  • ! Negative ROE (-34%) and ROA (-26.8%) demonstrate value destruction; operating leverage remains negative despite revenue scaling

Key Metrics to Watch

Claude
  • * Monthly cash burn rate and projected runway extension
  • * Gross profit absolute growth and operating expense trajectory toward breakeven
  • * Path to profitability timeline and incremental margin improvements

SES AI Corp (SES-WT) Financial Metrics & Key Ratios

Revenue
$21.0M
Net Income
$-73.0M
EPS (Diluted)
$-0.22
Free Cash Flow
$-61.2M
Total Assets
$272.6M
Cash Position
$29.5M

💡 AI Analyst Insight

Strong liquidity with a 8.95x current ratio provides a solid financial cushion.

SES-WT Profit Margin, ROE & Profitability Analysis

Gross Margin 53.8%
Operating Margin -393.4%
Net Margin -347.8%
ROE -34.0%
ROA -26.8%
FCF Margin -291.5%

SES-WT vs Utilities Sector: How SES AI Corp Compares

How SES AI Corp compares to Utilities sector averages

Net Margin
SES-WT -347.8%
vs
Sector Avg 12.0%
SES-WT Sector
ROE
SES-WT -34.0%
vs
Sector Avg 10.0%
SES-WT Sector
Current Ratio
SES-WT 9.0x
vs
Sector Avg 0.8x
SES-WT Sector
Debt/Equity
SES-WT 0.0x
vs
Sector Avg 1.4x
SES-WT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is SES AI Corp Stock Overvalued? SES-WT Valuation Analysis 2026

Based on fundamental analysis, SES AI Corp has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
-34.0%
Sector avg: 10%
Net Profit Margin
-347.8%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

SES AI Corp Balance Sheet: SES-WT Debt, Cash & Liquidity

Current Ratio
8.95x
Quick Ratio
8.74x
Debt/Equity
0.00x
Debt/Assets
21.2%
Interest Coverage
N/A
Long-term Debt
N/A

SES-WT Revenue & Earnings Growth: 5-Year Financial Trend

SES-WT 5-year financial data: Year 2024: Revenue $2.0M, Net Income -$53.4M, EPS $-0.17. Year 2025: Revenue $21.0M, Net Income -$100.2M, EPS $-0.31.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: SES AI Corp's revenue has grown significantly by 929% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.31 indicates the company is currently unprofitable.

SES-WT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-291.5%
Free cash flow / Revenue

SES-WT Quarterly Earnings & Performance

Quarterly financial performance data for SES AI Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $7.1M -$12.4M $-0.06
Q2 2025 $3.5M -$12.4M $-0.06
Q1 2025 $5.8M -$12.4M $-0.04

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

SES AI Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$58.4M
Cash generated from operations
Stock Buybacks
$1.6M
Shares repurchased (TTM)
Capital Expenditures
$2.9M
Investment in assets
Dividends
None
No dividend program

SES-WT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for SES AI Corp (CIK: 0001819142)

📋 Recent SEC Filings

Date Form Document Action
Apr 1, 2026 8-K ses-20260401x8k.htm View →
Mar 31, 2026 4 xslF345X06/form4-03312026_050309.xml View →
Mar 31, 2026 4 xslF345X06/form4-03312026_050308.xml View →
Mar 31, 2026 4 xslF345X06/form4-03312026_050305.xml View →
Mar 31, 2026 4 xslF345X06/form4-03312026_050303.xml View →

Frequently Asked Questions about SES-WT

What is the AI rating for SES-WT?

SES AI Corp (SES-WT) has an AI rating of SELL with 72% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SES-WT's key strengths?

Claude: Exceptional revenue growth of 929% YoY demonstrates significant market demand. Strong gross margins of 53.8% suggest product scalability and pricing power.

What are the risks of investing in SES-WT?

Claude: Catastrophic cash burn of $61.2M annually against $29.5M cash creates existential 6-month runway risk. Operating margin of -393.4% and net margin of -347.8% indicate severely negative unit economics with no profitability visibility.

What is SES-WT's revenue and growth?

SES AI Corp reported revenue of $21.0M.

Does SES-WT pay dividends?

SES AI Corp does not currently pay dividends.

Where can I find SES-WT SEC filings?

Official SEC filings for SES AI Corp (CIK: 0001819142) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SES-WT's EPS?

SES AI Corp has a diluted EPS of $-0.22.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is SES-WT a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, SES AI Corp has a SELL rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is SES-WT stock overvalued or undervalued?

Valuation metrics for SES-WT: ROE of -34.0% (sector avg: 10%), net margin of -347.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy SES-WT stock in 2026?

Our dual AI analysis gives SES AI Corp a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SES-WT's free cash flow?

SES AI Corp's operating cash flow is $-58.4M, with capital expenditures of $2.9M. FCF margin is -291.5%.

How does SES-WT compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -347.8% (avg: 12%), ROE -34.0% (avg: 10%), current ratio 8.95 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 15, 2026 | Data as of: 2025-12-31 | Powered by Claude AI