What is SES AI's total cost of revenue?

SES AI (SES) reported total cost of revenue of $5.5M in Q1 2026.

How has SES AI's total cost of revenue changed year-over-year?

SES AI's total cost of revenue increased by 344.7% year-over-year, from $1.24M to $5.5M.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

SES AI SES Total Cost of Revenue

Total Cost of Revenue at other companies

Enovix CorporationENVX

$6.05M+25.0%

Amprius TechnologiesAMPX

$22.8M+67.1%

American Battery Technology CompanyABAT

$7.07M+92.7%

AlbemarleALB

$927.77M+0.8%

AESAES

$2.54B+2.2%

indie Semiconductor, Inc.INDI

$34.38M+9.0%

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:CostOfRevenue.

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 total cost of revenue?: SES AI (SES) reported total cost of revenue of $5.5M in Q1 2026.
How has SES AI's total cost of revenue changed year-over-year?: SES AI's total cost of revenue increased by 344.7% year-over-year, from $1.24M to $5.5M.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.