Filing Flows › SES AI (SES) › Q1 2026 › vs Q4 2025
SES AI (SES) Q1 2026 vs Q4 2025 (quarter over quarter)
SES AI's revenue rose $2.1M (+47%) from $4.6M in Q4 2025 to $6.7M in Q1 2026. The biggest changes: Product +$2.3M (+54%); Service −$107K (-29%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Product | $6.4M | $4.2M | $2.3M | +54% |
| Service | $266K | $373K | −$107K | -29% |
| Revenue | $6.7M | $4.6M | $2.1M | +47% |
| Other income, net | $6.2M | $315K | $5.9M | 20× |
| Net loss | $12.1M | $17.0M | −$4.9M | -29% |
| Costs & expenses | $25.0M | $22.2M | $2.7M | +12% |
| Operating costs | $24.6M | $22.2M | $2.3M | +10% |
| Income tax | $414K | −$333K | $747K | — |
| Cost of revenue | $5.5M | $4.0M | $1.4M | +36% |
| Research & development | $11.0M | $11.8M | −$792K | -7% |
| General & admin | $8.1M | $6.4M | $1.7M | +26% |
| Operating cash sources | $24.6M | $15.1M | $9.5M | +62% |
| Depreciation & amortization | $2.7M | $2.6M | $54K | +2% |
| Share-based compensation | $2.1M | $2.1M | $9K | +0.4% |
| Cash used in operations | $19.8M | $10.4M | $9.4M | +90% |
| Net loss absorbed | $12.1M | $17.0M | −$4.9M | -29% |
| Working capital & other | $12.5M | −$1.9M | $14.4M | — |
Questions
How much did SES AI's revenue grow quarter over quarter in Q1 2026?
SES AI's revenue rose $2.1M (+47%) from $4.6M in Q4 2025 to $6.7M in Q1 2026.
What drove SES AI's revenue change in Q1 2026?
Product +$2.3M (+54%); Service −$107K (-29%).