SES AI Corporation (SES) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 6.71M | 4.56M | 7.12M | 3.53M | 5.79M | 2.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | 15.85% | 123.63% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 5.5M | 4.05M | 3.48M | 927K | 1.24M | 0 | 2.23M | 1.95M | 1.72M | 1.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | 81.9% | 88.73% | 48.92% | 26.28% | 21.34% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 1.22M | 514K | 3.64M | 2.6M | 4.56M | 2.04M | -2.23M | -1.95M | -1.72M | -1.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | 18.1% | 11.27% | 51.08% | 73.72% | 78.66% | 100% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | -73.34% | -74.8% | 263.27% | 233.68% | 364.79% | 226.47% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | 19.08M | 18.2M | 22.29M | 25.61M | 27.83M | 31.17M | 34.22M | 22.68M | 19.55M | 17.92M | 19.36M | 19.27M | 21.61M | 19.59M | 21.73M | 19.06M | 19.2M | 12.95M | 10.69M | 6.56M |
| OpEx % of Revenue | 284.37% | 398.93% | 313.08% | 726.03% | 480.41% | 1528.09% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 8.05M | 6.38M | 6.66M | 6.52M | 7.32M | 9.54M | 9.78M | 7.63M | 7.79M | 10.55M | 10.88M | 12.92M | 13.12M | 11.3M | 13.31M | 11.87M | 15.13M | 7.61M | 7M | 3.05M |
| SG&A % of Revenue | 120% | 139.76% | 93.57% | 184.86% | 126.36% | 467.65% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 11.03M | 11.82M | 15.63M | 19.09M | 20.51M | 20.88M | 24.44M | 15.06M | 11.77M | 7.37M | 8.47M | 6.35M | 8.49M | 8.29M | 8.42M | 7.19M | 4.07M | 5.34M | 3.68M | 3.51M |
| R&D % of Revenue | 164.37% | 259.16% | 219.51% | 541.17% | 354.05% | 1023.58% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 752K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -17.87M | -17.68M | -18.65M | -23.01M | -23.27M | -29.13M | -34.22M | -24.63M | -21.27M | -17.92M | -19.36M | -19.27M | -21.61M | -19.59M | -21.73M | -19.06M | -19.2M | -12.95M | -10.69M | -6.56M |
| Operating Margin % | -266.26% | -387.66% | -262% | -652.31% | -401.74% | -1428.09% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | 23.22% | 39.3% | 45.5% | 6.58% | -9.41% | -62.59% | -76.77% | -27.79% | 1.58% | 8.53% | 10.92% | -1.11% | -12.58% | -51.24% | -103.3% | -190.67% | -332.46% | -238.97% | - | - |
| EBITDA | -15.19M | -15.06M | -16.02M | -20.48M | -20.76M | -26.72M | -31.99M | -22.68M | -19.55M | -16.3M | -17.75M | -18.01M | -20.55M | -18.57M | -21.14M | -18.48M | -18.79M | -12.59M | -10.27M | -6.12M |
| EBITDA Margin % | -226.36% | -330.14% | -225.08% | -580.66% | -358.31% | -1309.71% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | 26.82% | 43.63% | 49.92% | 9.71% | -6.17% | -63.86% | -80.27% | -25.91% | 4.88% | 12.21% | 16.04% | 2.54% | -9.39% | -47.54% | -105.75% | -202.26% | -369.79% | -272.54% | - | - |
| D&A (Non-Cash Add-back) | 2.68M | 2.62M | 2.63M | 2.53M | 2.52M | 2.42M | 2.23M | 1.95M | 1.72M | 1.61M | 1.61M | 1.26M | 1.06M | 1.02M | 594K | 576K | 410K | 364K | 416K | 442K |
| EBIT | -17.87M | -17.68M | -21.03M | -21.98M | -23.27M | -29.13M | -34.22M | -24.63M | -21.27M | -17.92M | -19.36M | -19.27M | -21.61M | -19.59M | -21.73M | -19.06M | -19.2M | -12.95M | -10.69M | -6.56M |
| Net Interest Income | 1.7M | 2.03M | 2.27M | 2.37M | 2.67M | 3.21M | 3.67M | 4M | 4.16M | 4.22M | 4.2M | 4.13M | 4.14M | 3.74M | 1.97M | 465K | 23K | 85K | 160K | 1K |
| Interest Income | 1.7M | 2.03M | 2.27M | 2.37M | 2.67M | 3.21M | 3.67M | 4M | 4.16M | 4.22M | 4.2M | 4.13M | 4.14M | 3.74M | 1.97M | 465K | 23K | 85K | 160K | 1K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 6.18M | 315K | -2.38M | 1.02M | 10.85M | -5.66M | 4.17M | 4.83M | 5.91M | 5.63M | 6.09M | 6.65M | 5.53M | 11.89M | -2.48M | 28.25M | -7.83M | -81K | 66K | -53K |
| Pretax Income | -11.68M | -17.37M | -21.03M | -21.98M | -12.43M | -34.79M | -30.05M | -19.8M | -15.36M | -12.28M | -13.27M | -12.62M | -16.08M | -7.7M | -24.21M | 9.19M | -27.02M | -13.03M | -10.62M | -6.61M |
| Pretax Margin % | -174.1% | -380.75% | -295.42% | -623.28% | -214.53% | -1705.29% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Income Tax | 414K | -333K | -108K | 668K | 4K | -243K | 138K | 96K | 197K | -1.53M | 208K | 327K | 143K | 945K | 121K | 178K | 11K | 3K | 3K | 19K |
| Effective Tax Rate % | -3.54% | 1.92% | 0.51% | -3.04% | -0.03% | 0.7% | -0.46% | -0.48% | -1.28% | 12.46% | -1.57% | -2.59% | -0.89% | -12.27% | -0.5% | 1.94% | -0.04% | -0.02% | -0.03% | -0.29% |
| Net Income | -12.1M | -17.04M | -20.92M | -22.65M | -12.43M | -34.55M | -30.19M | -19.9M | -15.56M | -10.75M | -13.47M | -12.95M | -16.23M | -8.65M | -24.33M | 9.02M | -27.03M | -13.04M | -10.63M | -6.63M |
| Net Margin % | -180.27% | -373.45% | -293.9% | -642.22% | -214.6% | -1693.38% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | 2.69% | 50.68% | 30.7% | -13.84% | 20.09% | -221.26% | -124.05% | -53.67% | 4.12% | -24.36% | 44.62% | -243.63% | 39.98% | 33.67% | -128.97% | 235.99% | -651.96% | -238.95% | - | - |
| Net Income (Continuing) | -12.1M | -17.04M | -20.92M | -22.65M | -12.43M | -34.55M | -30.19M | -19.9M | -15.56M | -10.75M | -13.47M | -12.95M | -16.23M | -8.65M | -24.33M | 9.02M | -27.03M | -13.04M | -10.63M | -6.63M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.04 | -0.05 | -0.06 | -0.07 | -0.04 | -0.11 | -0.09 | -0.06 | -0.05 | -0.03 | -0.04 | -0.04 | -0.05 | -0.03 | -0.08 | 0.03 | -0.12 | -0.04 | -0.02 | -0.02 |
| EPS Growth % | -6.1% | 53.27% | 32.66% | -10.16% | 22.75% | -223.53% | -119.44% | -50.49% | 5.79% | -15.25% | 45.33% | -241.58% | 56.83% | 21.33% | -239.57% | 252.36% | -1065.05% | -234.82% | - | - |
| EPS (Basic) | -0.04 | -0.05 | -0.06 | -0.07 | -0.04 | -0.11 | -0.09 | -0.06 | -0.05 | -0.03 | -0.04 | -0.04 | -0.05 | -0.03 | -0.08 | 0.03 | -0.12 | -0.04 | -0.02 | -0.02 |
| Diluted Shares Outstanding | 332.84M | 330.92M | 331.34M | 331.73M | 329.33M | 325.6M | 322.03M | 320.83M | 318.79M | 316.54M | 315.63M | 314.58M | 313.42M | 311.74M | 311.68M | 310.26M | 219.18M | 347.87M | 347.87M | 347.87M |
| Basic Shares Outstanding | 332.84M | 330.92M | 331.34M | 331.73M | 329.33M | 325.6M | 322.03M | 320.83M | 318.79M | 316.54M | 315.63M | 314.58M | 313.42M | 311.74M | 311.68M | 310.26M | 219.18M | 347.87M | 347.87M | 347.87M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |