Filing Flows › SES AI (SES) › Q1 2026 › vs Q1 2025
SES AI (SES) Q1 2026 vs Q1 2025 (year over year)
SES AI's revenue rose $918K (+16%) from $5.8M in Q1 2025 to $6.7M in Q1 2026. The biggest changes: Product +$6.4M (806×); Service −$5.5M (-95%).
SES AI, Q1 2026: revenue $6.7M (+16% year over year), operating margin -266.3%, net loss $12.1M, operating cash flow −$19.8M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Product | $6.4M | $8K | $6.4M | 806× |
| Service | $266K | $5.8M | −$5.5M | -95% |
| Revenue | $6.7M | $5.8M | $918K | +16% |
| Other income, net | $6.2M | $10.8M | −$4.7M | -43% |
| Net loss | $12.1M | $12.4M | −$334K | -3% |
| Costs & expenses | $25.0M | $29.1M | −$4.1M | -14% |
| Operating costs | $24.6M | $29.1M | −$4.5M | -15% |
| Income tax | $414K | $4K | $410K | 104× |
| Cost of revenue | $5.5M | $1.2M | $4.3M | +345% |
| Research & development | $11.0M | $20.5M | −$9.5M | -46% |
| General & admin | $8.1M | $7.3M | $733K | +10% |
| Operating cash sources | $24.6M | $29.3M | −$4.7M | -16% |
| Depreciation & amortization | $2.7M | $2.5M | $162K | +6% |
| Share-based compensation | $2.1M | $4.0M | −$1.9M | -47% |
| Cash used in operations | $19.8M | $22.8M | −$3.0M | -13% |
| Net loss absorbed | $12.1M | $12.4M | −$334K | -3% |
| Working capital & other | $12.5M | $16.9M | −$4.4M | -26% |
Questions
How much did SES AI's revenue grow year over year in Q1 2026?
SES AI's revenue rose $918K (+16%) from $5.8M in Q1 2025 to $6.7M in Q1 2026.
What drove SES AI's revenue change in Q1 2026?
Product +$6.4M (806×); Service −$5.5M (-95%).