Stocks · Consumer Cyclical · Auto - Parts
SES AI Corporation SES
$0.88 +8.38% Close, Oct 2, 2026 · NYSE · Market cap $322.4M
Weak trendExpensive vs sectorHigh risk
Next earnings report: Nov 11, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $23.5M, up 106.5% from a year earlier, slowing from 179.8% a quarter earlier.
- Operating margin widened to -312.8% from -965.1% a year earlier.
- The stock is 75% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 1%
- Revenue growth accelerationBottom 1%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 2%
- Gross marginBottom 34%
- Operating marginBottom 1%
- Accruals (lower is better)Bottom 39%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 10%
- Free-cash-flow yieldBottom 5%
- EBITDA / enterprise valueBottom 2%
- Sales / enterprise valueBottom 4%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 2%
- 6-month returnBottom 32%
- 1-year return vs S&P 500Bottom 9%
- Distance from 52-week highBottom 3%
- Trend checklist (0–4)Top 34%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 10%
- Consecutive EPS beatsBottom 33%
- Share of analysts rating BuyBottom 12%
- Upside to consensus price targetBottom 39%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 2%
- Maximum drawdown, 3 yearsBottom 5%
- Beta vs S&P 500 (lower is better)Bottom 3%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 179.8% | 106.5% | ↓ |
| Gross margin | 81.0% | 27.8% | ↓ |
| Operating margin | -965.1% | -312.8% | ↑ |
| FCF margin | -635.0% | -255.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 106.5% | 179.8% | ↓ | Top 1% |
| Gross margin | 27.8% | 81.0% | ↓ | Bottom 34% |
| Operating margin | -312.8% | -965.1% | ↑ | Bottom 1% |
| Net margin | -289.6% | -878.6% | ↑ | — |
| Free-cash-flow margin | -255.1% | -635.0% | ↑ | — |
| Return on invested capital | -35.1% | — | Bottom 2% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -4.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 24.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +51.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.44%
- Shareholder yield
- 0.44%
- Share count change, 1 year
- +1.4%
- Share count change, 3-year CAGR
- +2.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 11, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -65.7%
- Average 2-day reaction, last 8
- +4.3%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $1.10
- Target vs current price
- +24.3%
- Analysts with a rating
- 4
- Share rating Buy or Strong Buy
- 25%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 11, 2026 | +4.0% | +5.1% | +7.0% | +7.1% | — |
| Apr 23, 2026 | -200.0% | -3.9% | -19.7% | -18.1% | -54.2% |
| Mar 4, 2026 | +33.3% | +10.3% | -18.1% | -37.9% | -11.0% |
| Nov 5, 2025 | -100.0% | +7.2% | +11.5% | -3.8% | -4.3% |
| Aug 4, 2025 | -40.0% | +13.2% | -6.6% | -9.9% | +101.7% |
| Apr 24, 2025 | +42.9% | +18.5% | +22.6% | +28.0% | +54.1% |
| Feb 25, 2025 | -57.1% | -7.9% | -37.0% | -35.5% | +4.4% |
| Oct 31, 2024 | -80.0% | -8.5% | -21.7% | -36.9% | +104.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 11, 2026 | -$0.04 | -$0.04 | +4.0% | $5.1M |
| Apr 23, 2026 | -$0.03 | -$0.01 | -200.0% | $6.7M |
| Mar 4, 2026 | -$0.04 | -$0.06 | +33.3% | $4.6M |
| Nov 5, 2025 | -$0.06 | -$0.03 | -100.0% | $7.1M |
| Aug 4, 2025 | -$0.07 | -$0.05 | -40.0% | $3.5M |
| Apr 24, 2025 | -$0.04 | -$0.07 | +42.9% | $5.8M |
| Feb 25, 2025 | -$0.11 | -$0.07 | -57.1% | $2.0M |
| Oct 31, 2024 | -$0.09 | -$0.05 | -80.0% | — |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 11.29× | — | — | Bottom 4% |
| Free-cash-flow yield | -18.57% | — | — | Bottom 5% |
| Earnings yield | -23.12% | — | — | Bottom 10% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 3
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -11.8%
- 200-day average slope (20 days)
- -10.7%
- Distance from 50-day average
- +58.9%
- Distance from 200-day average
- -23.6%
- RSI (14)
- 78.1
- Relative volume
- 1.28×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 115.6%
- Volatility vs own 5-year history
- 79th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.37
- Correlation with S&P 500
- 0.10
- Current drawdown from 1-year high
- -75.0%
- Maximum drawdown, 3 years
- -89.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 16, 2021 | Nov 15, 2024 | -97.6% | 754 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $322.4M
- EPS, diluted (TTM)
- -$0.20
- Revenue (TTM)
- $23.5M
- 52-week range
- $0.49 – $3.73
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $2.0M | $21.0M |
| Gross profit | $0 | $0 | $0 | $1.3M | $11.3M |
| Operating income | -$32.0M | -$79.6M | -$78.2M | -$109.2M | -$82.6M |
| Net income | -$31.3M | -$51.0M | -$53.4M | -$100.2M | -$73.0M |
| EPS (diluted) | -$0.51 | -$0.18 | -$0.17 | -$0.31 | -$0.22 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $2.0M | $5.8M | $3.5M | $7.1M | $4.6M | $6.7M | $5.1M |
| Net income | -$30.2M | -$34.5M | -$12.4M | -$22.7M | -$20.9M | -$17.0M | -$12.1M | -$17.9M |
| EPS (diluted) | -$0.09 | -$0.11 | -$0.04 | -$0.07 | -$0.06 | -$0.05 | -$0.04 | -$0.05 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$30.0M | -$46.5M | -$56.4M | -$66.1M | -$58.4M |
| Capital expenditure | -$9.0M | -$14.7M | -$15.8M | -$12.2M | -$2.9M |
| Free cash flow | -$39.0M | -$61.2M | -$72.2M | -$78.3M | -$61.2M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $283.5M | $330,000 | $524,000 | $1.0M | -$1.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $163.0M
- Total assets
- $236.2M
- Total liabilities
- $49.2M
- Total debt
- $6.7M
- Net debt
- -$57.4M
- Shareholders’ equity
- $187.1M
As of Jun 30, 2026 (filed Aug 11, 2026).
Short interest
- Shares sold short
- 51,750,195
- Days to cover
- 2.30
- Change vs previous report
- +16.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 22, 2019
- 1-for-8
- Dec 4, 2017
- 1-for-8