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SES AI SES Business Segments — Lab And Equipment Expense

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CAPRSingle Reportable — Research And Development Expense Depreciation And Amortization
$281.32K+30.9%

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 ses:LabAndEquipmentExpense.

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 business segments — lab and equipment expense?
SES AI (SES) reported business segments — lab and equipment expense of $471K in Q1 2026.
How has SES AI's business segments — lab and equipment expense changed year-over-year?
SES AI's business segments — lab and equipment expense decreased by 91.9% year-over-year, from $5.81M to $471K.
What is the long-term trend for SES AI's business segments — lab and equipment expense?
Over 2 years (2023 to 2025), SES AI's business segments — lab and equipment expense has grown at a 53.5% compound annual growth rate (CAGR), from $5.7M to $13.44M.
What does business segments — lab and equipment expense mean?
This metric captures the costs associated with maintaining laboratory facilities, specialized testing equipment, and research infrastructure. For a pre-commercialization battery manufacturer, this represents a core investment in technical validation and product development capabilities. High levels of this expense indicate a focus on accelerating innovation and achieving technical milestones.