Filing Flows › SES AI (SES) › Q3 2025
SES AI (SES) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
SES AI (SES) reported revenue of $7.1M for the third quarter 2025 (Q3 2025) and +102% from the quarter before. Operating margin was -262.0%, net loss $20.9M (293.9% of revenue).
SES AI, Q3 2025: revenue $7.1M, operating margin -262.0%, net loss $20.9M, operating cash flow −$14.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | +102% | — |
| Operating profit | −$18.6M | — | — |
| Net earnings | −$20.9M | — | — |
| Operating cash flow | −$14.3M | — | — |
What changed
Revenue was $7.1M in Q3 2025, up 102% from the previous quarter. Service was the largest line at 55% of revenue.
Gross margin was 51.1%. Operating costs exceeded revenue by $18.6M, an operating margin of -262.0%. The quarter ended with a net loss of $20.9M, narrower than the previous quarter's $22.7M loss.
Operating cash flow was −$14.3M. Non-cash charges added back $2.6M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $426K exceeded it, leaving free cash flow of −$14.7M.
Questions
What was SES AI's revenue in the third quarter 2025?
SES AI (SES) reported revenue of $7.1M for the third quarter 2025 (Q3 2025) and +102% from the quarter before.
Was SES AI profitable in the third quarter 2025?
Operating loss was $18.6M (-262.0% of revenue) and net loss $20.9M.
Source: SES AI 10-Q on SEC EDGAR.