Filing Flows › SES AI (SES) › Q2 2026 › vs Q1 2026
SES AI (SES) Q2 2026 vs Q1 2026 (quarter over quarter)
SES AI's revenue fell $1.6M (-24%) from $6.7M in Q1 2026 to $5.1M in Q2 2026. The biggest changes: Product −$1.4M (-21%); Service −$259K (-97%).
SES AI, Q2 2026: revenue $5.1M (+44% year over year), operating margin -378.5%, net loss $17.9M, operating cash flow −$13.8M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $5.1M | $6.4M | −$1.4M | -21% |
| Service | $7K | $266K | −$259K | -97% |
| Revenue | $5.1M | $6.7M | −$1.6M | -24% |
| Other income, net | $1.4M | $6.2M | −$4.8M | -77% |
| Net loss | $17.9M | $12.1M | $5.8M | +48% |
| Costs & expenses | $24.4M | $25.0M | −$594K | -2% |
| Operating costs | $24.3M | $24.6M | −$312K | -1% |
| Income tax | $132K | $414K | −$282K | -68% |
| Cost of revenue | $3.9M | $5.5M | −$1.6M | -29% |
| Research & development | $11.4M | $11.0M | $331K | +3% |
| General & admin | $9.0M | $8.1M | $928K | +12% |
| Operating cash sources | $18.5M | $24.6M | −$6.1M | -25% |
| Depreciation & amortization | $2.7M | $2.7M | $9K | +0.3% |
| Share-based compensation | $2.0M | $2.1M | −$130K | -6% |
| Cash used in operations | $13.8M | $19.8M | −$6.0M | -30% |
| Net loss absorbed | $17.9M | $12.1M | $5.8M | +48% |
| Working capital & other | $595K | $12.5M | −$11.9M | -95% |
Questions
How much did SES AI's revenue grow quarter over quarter in Q2 2026?
SES AI's revenue fell $1.6M (-24%) from $6.7M in Q1 2026 to $5.1M in Q2 2026.
What drove SES AI's revenue change in Q2 2026?
Product −$1.4M (-21%); Service −$259K (-97%).