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SES AI SES Service — Revenue

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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×
Current ratio6.9×-8.8×

Where this comes from

Reported directly by SES AI in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 service — revenue?
SES AI (SES) reported service — revenue of $266K in Q1 2026.
How has SES AI's service — revenue changed year-over-year?
SES AI's service — revenue decreased by 95.4% year-over-year, from $5.79M to $266K.
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.