SES AI Corporation (SES) Spending and interest coverage
- R&D / revenue · 12 months: Value 212.42%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 35.75%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 212.42% | Research and development expense / revenue. Period ending 2026-06-30. $49.84M ÷ $23.46M × 100 ≈ 212.42% |
| Stock-based compensation / revenue · 12 months | 35.75% | Share-based compensation / revenue. Period ending 2026-06-30. $8.39M ÷ $23.46M × 100 ≈ 35.75% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 49.84M USD | Research and Development Expense |
| Revenue | 23.46M USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 8.39M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | -73.40M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $49.84M | $23.46M | $8.39M | $-73.40M | (m) | 212.42% | 35.75% | (m) | (m) |
| 2026-03-31 | $57.57M | $21.92M | $9.11M | $-77.21M | (m) | 262.64% | 41.58% | (m) | (m) |
| 2025-12-31 | $67.05M | $21.00M | $10.97M | $-82.61M | (m) | 319.26% | 52.24% | (m) | (m) |
| 2025-09-30 | $76.10M | (m) | $12.70M | $-94.06M | (m) | (m) | (m) | (m) | (m) |
| 2025-06-30 | $84.92M | (m) | $17.04M | $-109.63M | (m) | (m) | (m) | (m) | (m) |
| 2025-03-31 | $80.89M | (m) | $19.12M | $-111.25M | (m) | (m) | (m) | (m) | (m) |
| 2024-12-31 | $72.14M | $2.04M | $19.93M | $-109.25M | (m) | 3536.32% | 977.21% | (m) | (m) |
| 2024-09-30 | $58.63M | (m) | $20.54M | $-98.03M | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | $42.66M | (m) | $16.45M | $-83.17M | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | $33.95M | (m) | $18.97M | $-77.82M | (m) | (m) | (m) | (m) | (m) |
| 2023-12-31 | $30.68M | (m) | $20.65M | $-78.16M | (m) | (m) | (m) | (m) | (m) |
| 2023-09-30 | $31.59M | (m) | $23.03M | $-79.83M | (m) | (m) | (m) | (m) | (m) |
| 2023-06-30 | $31.54M | (m) | $27.83M | $-82.20M | (m) | (m) | (m) | (m) | (m) |
| 2023-03-31 | $32.39M | (m) | $26.05M | $-81.99M | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | $27.97M | (m) | $22.77M | $-79.57M | (m) | (m) | (m) | (m) | (m) |
| 2022-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-12-31 | $15.51M | (m) | $4.57M | $-32.01M | (m) | (m) | (m) | (m) | (m) |
| 2021-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-12-31 | $9.44M | (m) | $154.00K | $-13.90M | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.