Filing Flows › SES AI (SES) › Q2 2025
SES AI (SES) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
SES AI (SES) reported revenue of $3.5M for the second quarter 2025 (Q2 2025) and -39% from the quarter before. Operating margin was -652.3%, net loss $22.7M (642.2% of revenue).
SES AI, Q2 2025: revenue $3.5M, operating margin -652.3%, net loss $22.7M, operating cash flow −$10.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5M | -39% | — |
| Operating profit | −$23.0M | — | — |
| Net earnings | −$22.7M | — | — |
| Operating cash flow | −$10.8M | — | — |
What changed
Revenue was $3.5M in Q2 2025, down 39% from the previous quarter.
Gross margin was 73.7%. Operating costs exceeded revenue by $23.0M, an operating margin of -652.3%. The quarter ended with a net loss of $22.7M, wider than the previous quarter's $12.4M loss.
Operating cash flow was −$10.8M. Non-cash charges added back $2.5M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $6.6M. Capital expenditures of $804K exceeded it, leaving free cash flow of −$11.6M.
Questions
What was SES AI's revenue in the second quarter 2025?
SES AI (SES) reported revenue of $3.5M for the second quarter 2025 (Q2 2025) and -39% from the quarter before.
Was SES AI profitable in the second quarter 2025?
Operating loss was $23.0M (-652.3% of revenue) and net loss $22.7M.
Source: SES AI 10-Q on SEC EDGAR.