Filing Flows › Comparisons › SES vs PPSI
SES AI vs Pioneer Power Solutions: SES and PPSI compared
SES AI is the larger company: $5.1M of revenue in its latest quarter (Q2 2026) against $4.7M for Pioneer Power Solutions (Q2 2026). SES AI is growing faster (+44% against -28% a year earlier). Pioneer Power Solutions is more profitable, with an operating margin of -42.5% against -378.5%.
Where the money goes: SES and PPSI
SES AI (SES) · Q2 2026
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.
Pioneer Power Solutions (PPSI) · Q2 2026
Pioneer Power Solutions, Q2 2026: revenue $4.7M (-28% year over year), operating margin -42.5%, net loss $2.1M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| SES AI (SES) | Pioneer Power Solutions (PPSI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $5.1M | $4.7M |
| Revenue growth, Y/Y | +44% | -28% |
| Operating margin | -378.5% | -42.5% |
| Net earnings | −$17.9M | −$2.1M |
| Net margin | -353.0% | -43.7% |
| Operating cash flow | −$13.8M | −$2.7M |
Where the revenue comes from
SES AI
- Product: $5.1M (100%)
- Service: $7K (0%)
Pioneer Power Solutions
- Product: $2.5M (54%)
- Service: $2.2M (46%)
Questions
Which is bigger, SES AI or Pioneer Power Solutions?
SES AI is the larger company: $5.1M of revenue in its latest quarter (Q2 2026) against $4.7M for Pioneer Power Solutions (Q2 2026).
Is SES AI or Pioneer Power Solutions growing faster?
SES AI is growing faster (+44% against -28% a year earlier).
Which is more profitable, SES AI or Pioneer Power Solutions?
Pioneer Power Solutions is more profitable, with an operating margin of -42.5% against -378.5%.
More: SES AI earnings · how SES AI makes money · Pioneer Power Solutions earnings · how Pioneer Power Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.