SES Graph | SES AI Corporation

SES Revenue Flow

Filed revenue amounts for 2026-04-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.

2026-06-30: Revenue $5.07M; Cost of revenue $3.92M; Research and development $11.36M; Operating expenses $20.34M.
2026-03-31: Revenue $6.71M; Cost of revenue $5.50M; Research and development $11.03M; Operating expenses $19.08M.
2025-12-31: Revenue $4.56M*; Cost of revenue $4.05M*; Research and development $11.82M*; Operating expenses $18.20M*.
2025-09-30: Revenue $7.12M; Cost of revenue $3.48M; Research and development $15.63M; Operating expenses $22.29M.

Product or service

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.

Historical revenue and expense breakdown

Revenue and expense 3 month

Period end	Revenue	Cost of revenue	Research and development	Operating expenses	Income tax	Net income
2026-06-30	$5.07M	$3.92M	$11.36M	$20.34M	$132.00K	-$17.90M
2026-03-31	$6.71M	$5.50M	$11.03M	$19.08M	$414.00K	-$12.10M
2025-12-31	$4.56M*	$4.05M*	$11.82M*	$18.20M*	-$333.00K*	-$17.04M*
2025-09-30	$7.12M	$3.48M	$15.63M	$22.29M	-$108.00K	-$20.92M
2025-06-30	$3.53M	$927.00K	$19.09M	$25.61M	$668.00K	-$22.65M
2025-03-31	$5.79M	$1.24M	$20.51M	$27.83M	$4.00K	-$12.43M
2024-09-30	(m)	(m)	$24.44M	$34.22M	$138.00K	-$30.19M
2024-06-30	(m)	(m)	$15.06M	$24.63M	$96.00K	-$19.90M
2024-03-31	(m)	(m)	$11.77M	$21.27M	$197.00K	-$15.56M
2023-09-30	(m)	(m)	$8.47M	$19.36M	$208.00K	-$13.47M
2023-06-30	(m)	(m)	$6.35M	$19.27M	$327.00K	-$12.95M
2023-03-31	(m)	(m)	$8.49M	$21.61M	$143.00K	-$16.23M
2022-09-30	(m)	(m)	$8.42M	$21.73M	$121.00K	-$24.33M
2022-06-30	(m)	(m)	$7.19M	$19.06M	$178.00K	$9.02M
2022-03-31	(m)	(m)	$4.07M	$19.20M	$11.00K	-$27.03M
2021-09-30	(m)	(m)	$3.68M	$10.69M	$3.00K	-$10.63M
2021-06-30	(m)	(m)	$3.51M	$6.56M	$19.00K	-$6.79M
2021-03-31	(m)	(m)	$2.98M	$4.44M	(m)	-$3.60M
2020-09-30	(m)	(m)	(m)	(m)	(m)	(m)

Revenue and expense 6 month

Period end	Revenue	Cost of revenue	Research and development	Operating expenses	Income tax	Net income
2026-06-30	$11.78M	$9.42M	$22.39M	$39.43M	$546.00K	-$30.00M
2025-06-30	$9.32M	$2.16M	$39.60M	$53.44M	$672.00K	-$35.08M
2024-06-30	(m)	(m)	$26.82M	$45.90M	$293.00K	-$35.45M
2023-06-30	(m)	(m)	$14.84M	$40.88M	$470.00K	-$29.17M
2022-06-30	(m)	(m)	$11.26M	$38.26M	$189.00K	-$18.02M
2021-06-30	(m)	(m)	$6.49M	$11.00M	$19.00K	-$10.22M
2020-12-31	(m)	(m)	(m)	(m)	(m)	-$32.82K

Revenue and expense 9 month

Period end	Revenue	Cost of revenue	Research and development	Operating expenses	Income tax	Net income
2025-09-30	$16.44M	$5.64M	$55.22M	$75.72M	$564.00K	-$56.00M
2024-09-30	(m)	(m)	$51.26M	$80.11M	$431.00K	-$65.64M
2023-09-30	(m)	(m)	$23.31M	$60.24M	$678.00K	-$42.65M
2022-09-30	(m)	(m)	$19.68M	$59.98M	$310.00K	-$42.35M
2021-09-30	(m)	(m)	$10.33M	$21.84M	$22.00K	-$21.01M

Revenue and expense 12 month

Period end	Revenue	Cost of revenue	Research and development	Operating expenses	Income tax	Net income
2025-12-31	$21.00M	$9.69M	$67.05M	$93.92M	$231.00K	-$73.04M
2024-12-31	$2.04M	$752.00K	$72.14M	$110.54M	$188.00K	-$100.19M
2023-12-31	(m)	(m)	$30.68M	$78.16M	-$853.00K	-$53.40M
2022-12-31	(m)	(m)	$27.97M	$79.57M	$1.25M	-$50.99M
2021-12-31	(m)	(m)	$15.51M	$32.01M	$25.00K	-$31.25M
2020-12-31	(m)	(m)	$9.44M	$13.90M	$7.00K	-$13.89M