What is SES AI's R&D?

SES AI (SES) reported R&D of $11.03M in Q1 2026.

How has SES AI's R&D changed year-over-year?

SES AI's R&D decreased by 46.2% year-over-year, from $20.51M to $11.03M.

What is the long-term trend for SES AI's R&D?

Over 4 years (2021 to 2025), SES AI's R&D has grown at a 44.5% compound annual growth rate (CAGR), from $15.36M to $67.05M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

SES AI SES R&D

R&D at other companies

QuantumScape Corporation QS

$84.57M-11.5%

SLD

Solid PowerSLDP

$17.75M-6.7%

Enovix CorporationENVX

$26.53M+2.3%

Amprius TechnologiesAMPX

$3.8M+89.7%

American Battery Technology CompanyABAT

$4.64M+42.8%

AlbemarleALB

$9.17M-35.0%

Other financials

Income statement

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Revenue$6.7M+15.8%

Gross profit$1.2M-73.3%

Operating income-$17.9M+23.2%

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:ResearchAndDevelopmentExpense.

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 R&D?: SES AI (SES) reported R&D of $11.03M in Q1 2026.
How has SES AI's R&D changed year-over-year?: SES AI's R&D decreased by 46.2% year-over-year, from $20.51M to $11.03M.
What is the long-term trend for SES AI's R&D?: Over 4 years (2021 to 2025), SES AI's R&D has grown at a 44.5% compound annual growth rate (CAGR), from $15.36M to $67.05M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.