What is SES AI's operating income?

SES AI (SES) reported operating income of -$17.87M in Q1 2026.

How has SES AI's operating income changed year-over-year?

SES AI's operating income increased by 23.2% year-over-year, from -$23.27M to -$17.87M.

What is the long-term trend for SES AI's operating income?

Over 4 years (2021 to 2025), SES AI's operating income has grown at a 26.9% compound annual growth rate (CAGR), from -$31.85M to -$82.61M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

SES AI SES Operating Income

Operating Income at other companies

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-$109.18M+11.6%

SLD

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-$26.35M-9.6%

Enovix CorporationENVX

-$43.9M-3.1%

Amprius TechnologiesAMPX

-$6.69M+30.9%

American Battery Technology CompanyABAT

-$34.41M-223%

AlbemarleALB

$233.51M+1,082%

Other financials

Income statement

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Revenue$6.7M+15.8%

Gross profit$1.2M-73.3%

Net income-$12.1M+2.7%

EPS (diluted)-$0.040.0%

Balance sheet

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Cash & equivalents$46.9M-16.3%

Total debt$7.7M-18.9%

Total equity$203.2M-24.7%

Total assets$253.5M-17.1%

Cash flow

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Operating cash flow-$19.8M+13.3%

CapEx$330.0K-64.0%

Free cash flow-$20.1M+15.2%

Valuation

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Market cap$325.08M+5.5%

Enterprise value$285.86M+9.3%

P/S14.8×-27.2×

Profitability

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Gross margin36.3%-39.1pp

Operating margin-352.3%-153pp

Net margin-331.7%-142pp

FCF margin-262.8%-115pp

Returns & leverage

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Return on equity-30.7%-0.7pp

Debt / equity0×0.0×

Current ratio6.9×-8.8×

Where this comes from

Reported directly by SES AI in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: SES AI’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SES AI's operating income?: SES AI (SES) reported operating income of -$17.87M in Q1 2026.
How has SES AI's operating income changed year-over-year?: SES AI's operating income increased by 23.2% year-over-year, from -$23.27M to -$17.87M.
What is the long-term trend for SES AI's operating income?: Over 4 years (2021 to 2025), SES AI's operating income has grown at a 26.9% compound annual growth rate (CAGR), from -$31.85M to -$82.61M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.