Every 10-Q that SES AI Corporation (SES) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SES and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SES filings page.
SES AI Corporation reported Q2 2026 revenue of $5.1 million and first-half 2026 revenue of $11.8 million, up from $3.5 million and $9.3 million a year earlier, driven mainly by product sales of energy storage system (ESS) solutions from the 2025 acquisition of Shenzhen UZ Energy. Service revenue from OEM contracts declined after prior-period contract completions, and a higher mix of product revenue increased cost of revenue to $3.9 million in Q2, compressing gross margin to 22.6% from 73.7% a year ago.
The company remains loss-making but narrowed its operating loss to $19.2 million in Q2 and $37.1 million for the first half. Research and development expenses fell significantly as SES reduced GPU-related AI infrastructure and lab-equipment spending and modestly lowered headcount, while general and administrative costs rose on higher bad-debt expense, professional services, and personnel.
SES ended June 30 2026 with $64.1 million in cash and cash equivalents and $98.9 million in short-term investments, and states this liquidity should cover at least the next 12 months of planned operations, including deferred cash payments tied to the UZ Energy acquisition and scaling ESS, drone, and Molecular Universe AI initiatives. Total assets were $236.2 million and accumulated deficit reached $401.9 million, underscoring its early-stage, growth-focused profile. The company also received an NYSE notice in July 2026 that its average share price had fallen below $1.00, creating a risk of future delisting if compliance is not regained.
SES AI Corporation reported Q1 2026 results showing higher revenue but continuing losses as it scales its battery and AI platforms. Revenue rose to $6.7 million from $5.8 million, driven mainly by product sales from the acquired UZ Energy ESS business, while service revenue declined.
Gross profit fell to $1.2 million as product mix shifted and cost of revenue increased. Research and development expense dropped to $11.0 million from $20.5 million, reflecting lower lab and AI infrastructure costs. Net loss was $12.1 million, similar to last year. SES ended the quarter with $46.9 million in cash and cash equivalents and $130.0 million in short-term investments, after using $19.8 million in operating cash but generating $39.1 million from net investment activity.
SES AI Corporation (SES) reported Q3 2025 results showing its first material revenue and a new ESS footprint from an acquisition. Revenue reached $7.1 million, producing gross profit of $3.6 million and a 51% gross margin. The company recorded a net loss of $20.9 million, or $0.06 per share. For the first nine months of 2025, revenue was $16.4 million with a 66% gross margin and a net loss of $56.0 million.
Operating expenses fell year over year in Q3 as research and development declined 36% to $15.6 million and general and administrative fell 32% to $6.7 million. Cash and cash equivalents were $35.3 million and short‑term investments were $178.7 million as of September 30, 2025.
SES closed the acquisition of China-based UZ Energy on September 15, 2025. Purchase consideration was valued at $11.7 million, including $3.3 million of cash expected to be paid in Q4 2025 and $8.4 million of deferred cash payments tied to performance; goodwill recorded was $12.6 million. Q3 revenue included $3.9 million from services and $3.2 million from products. Revenue was 98% outside the U.S., with one customer at 51% of Q3 revenue and a second at 35%.