Filing Flows › SES AI (SES) › Q1 2025
SES AI (SES) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
SES AI (SES) reported revenue of $5.8M for the first quarter 2025 (Q1 2025). Operating margin was -401.7%, net loss $12.4M (214.6% of revenue).
SES AI, Q1 2025: revenue $5.8M, operating margin -401.7%, net loss $12.4M, operating cash flow −$22.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.8M | — | — |
| Operating profit | −$23.3M | — | — |
| Net earnings | −$12.4M | — | — |
| Operating cash flow | −$22.8M | — | — |
What changed
Revenue was $5.8M in Q1 2025. Service was the largest line at 100% of revenue.
Gross margin was 78.7%. Operating costs exceeded revenue by $23.3M, an operating margin of -401.7%. The quarter ended with a net loss of $12.4M. Non-operating items added $10.8M, -87% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$22.8M. Non-cash charges added back $2.5M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $16.9M. Capital expenditures of $916K exceeded it, leaving free cash flow of −$23.7M.
Questions
What was SES AI's revenue in the first quarter 2025?
SES AI (SES) reported revenue of $5.8M for the first quarter 2025 (Q1 2025).
Was SES AI profitable in the first quarter 2025?
Operating loss was $23.3M (-401.7% of revenue) and net loss $12.4M.
Source: SES AI 10-Q on SEC EDGAR.