Filing Flows › SES AI (SES) › Q2 2026 › vs Q2 2025
SES AI (SES) Q2 2026 vs Q2 2025 (year over year)
SES AI's revenue rose $1.5M (+44%) from $3.5M in Q2 2025 to $5.1M in Q2 2026. The biggest changes: Service −$3.5M (-100%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Service | $7K | $3.5M | −$3.5M | -100% |
| Revenue | $5.1M | $3.5M | $1.5M | +44% |
| Other income, net | $1.4M | $1.0M | $399K | +39% |
| Net loss | $17.9M | $22.7M | −$4.7M | -21% |
| Costs & expenses | $24.4M | $27.2M | −$2.8M | -10% |
| Operating costs | $24.3M | $26.5M | −$2.3M | -9% |
| Income tax | $132K | $668K | −$536K | -80% |
| Cost of revenue | $3.9M | $927K | $3.0M | +323% |
| Research & development | $11.4M | $19.1M | −$7.7M | -40% |
| General & admin | $9.0M | $6.5M | $2.5M | +38% |
| Operating cash sources | $18.5M | $16.1M | $2.4M | +15% |
| Depreciation & amortization | $2.7M | $2.5M | $160K | +6% |
| Share-based compensation | $2.0M | $2.7M | −$727K | -27% |
| Cash used in operations | $13.8M | $10.8M | $3.0M | +28% |
| Net loss absorbed | $17.9M | $22.7M | −$4.7M | -21% |
| Working capital & other | $595K | −$6.6M | $7.2M | — |
Questions
How much did SES AI's revenue grow year over year in Q2 2026?
SES AI's revenue rose $1.5M (+44%) from $3.5M in Q2 2025 to $5.1M in Q2 2026.
What drove SES AI's revenue change in Q2 2026?
Service −$3.5M (-100%).