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SES AI (SES) R&D spending by quarter

SES AI's R&D spending was $11.4M in Q2 2026 (second quarter 2026), +3% from Q1 2026. Over the last 6 quarters it ranged from $11.0M (Q1 2026) to $20.5M (Q1 2025).

SES AI R&D spending by quarterSES AI R&D spending by quarter$20.5MQ1 2025$19.1MQ2 2025$15.6MQ3 2025$11.8MQ4 2025$11.0MQ1 2026$11.4MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$11.4M+3%-40%
Q1 2026$11.0M-7%-46%
Q4 2025$11.8M-24%—
Q3 2025$15.6M-18%—
Q2 2025$19.1M-7%—
Q1 2025$20.5M——

Q2 2026 at a glance

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 follows the revenue to costs, profit and cash.

Questions

What is SES AI's R&D spending?

SES AI's R&D spending was $11.4M in Q2 2026 (second quarter 2026), +3% from Q1 2026.

How has SES AI's R&D spending changed?

Over the last 6 quarters it ranged from $11.0M (Q1 2026) to $20.5M (Q1 2025).

Q2 2026 results → · How SES AI makes money →