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SES AI SES Service — Revenue

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Other financials

Income statement

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Revenue$5.1M+43.8%
Gross profit$1.1M-55.9%
Operating income-$19.2M+16.6%
Net income-$17.9M+21.0%
EPS (diluted)-$0.05+28.6%

Balance sheet

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Cash & equivalents$64.1M+446%
Total debt$7.1M-23.2%
Total equity$187.1M-24.9%
Total assets$236.2M-18.7%

Cash flow

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Operating cash flow-$13.8M-27.8%
CapEx$656.0K-18.4%
Free cash flow-$14.5M-24.6%

Valuation

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Market cap$207.57M-51.2%
Enterprise value$150.58M-65.1%
P/S8.9×-32.3×

Profitability

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Gross margin27.8%-47.7pp
Operating margin-312.8%-129pp
Net margin-289.6%-119pp
FCF margin-257.7%-99.7pp

Returns & leverage

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Return on equity-31.2%-2.7pp
Debt / equity0.0×
Current ratio6.5×-5.9×

Where this comes from

Reported directly by SES AI in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: SES AI’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001819142-26-000045
(in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue from customers:
Product revenue$5,065$11,510$9
Service revenue73,5272739,311
Total$5,072$3,527$11,783$9,320

Item 1. Financial Statements

FAQ

What is SES AI's service — revenue?
SES AI (SES) reported service — revenue of $7K in Q2 2026.
How has SES AI's service — revenue changed year-over-year?
SES AI's service — revenue decreased by 99.8% year-over-year, from $3.53M to $7K.
What does service — revenue mean?
This metric represents the total gross income generated from service-based contracts, excluding any pass-through taxes collected from customers. It serves as a primary indicator of the commercial traction and market adoption of the company's specialized service offerings within its pre-commercialization phase. Tracking this revenue stream helps investors evaluate the company's ability to monetize its technical expertise and service capabilities before full-scale product manufacturing.

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