Ses Ai (SES) Operating Expenses (2020 - 2026)
Ses Ai (SES) posted quarterly Operating Expenses of $19.1 million for Q1 2026, down 31.43% year-over-year from $27.8 million in Q1 2025, and up 4.86% quarter-over-quarter from $18.2 million in Q4 2025.
Ses Ai (SES) Operating Expenses (2020 - 2026) Analysis & Trends
Ses Ai's Operating Expenses history runs 7 years deep, the most recent figure standing at $19.1 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 31.43% year-over-year to $19.1 million; the TTM figure through Mar 2026 stood at $85.2 million (down 27.26% YoY), while the FY2025 annual figure was $93.9 million, down 15.03% from the prior year.
- Operating Expenses for Q1 2026 stood at $19.1 million, up from $18.2 million in the prior quarter.
- The five-year high for Operating Expenses was $34.2 million in Q3 2024, with the low at $17.9 million in Q4 2023.
- The 5-year median for Operating Expenses is $21.3 million (2024), against an average of $22.4 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 332.46% in 2022, then sank 40.18% in 2025.
- Ses Ai's Operating Expenses stood at $19.6 million in 2022, then decreased by 8.53% to $17.9 million in 2023, then jumped by 69.78% to $30.4 million in 2024, then plunged by 40.18% to $18.2 million in 2025, then rose by 4.86% to $19.1 million in 2026.
- Business Quant data shows SES's Operating Expenses at $19.1 million in Q1 2026, $18.2 million in Q4 2025, and $22.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.67 Bn | 73.40 Bn | 2.52 Bn | 1.53 Bn |
| 2 | Autozone | 48.71 Bn | 48.45 Bn | 2.52 Bn | 341.91 Mn |
| 3 | Magna International | 19.98 Bn | 18.55 Bn | 1.61 Bn | 980.00 Mn |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 2.13 Bn |
| 5 | Borgwarner | 13.73 Bn | 11.28 Bn | 721.00 Mn | 352.00 Mn |
| 6 | Allison Transmission Holdings | 10.94 Bn | 10.54 Bn | 515.00 Mn | 224.00 Mn |
| 7 | Modine Manufacturing | 10.33 Bn | 10.25 Bn | - | - |
| 8 | Aptiv | 10.28 Bn | 9.52 Bn | 775.00 Mn | 2.91 Bn |
| 9 | Autoliv | 9.28 Bn | 8.90 Bn | 509.00 Mn | 260.00 Mn |
| 10 | Ses Ai | 178.22 Mn | 178.22 Mn | 1.15 Mn | 20.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.34 Mn |
| Mar 31, 2026 | 19.08 Mn |
| Dec 31, 2025 | 18.20 Mn |
| Sep 30, 2025 | 22.29 Mn |
| Jun 30, 2025 | 25.61 Mn |
| Mar 31, 2025 | 27.83 Mn |
| Dec 31, 2024 | 30.42 Mn |
| Sep 30, 2024 | 34.22 Mn |
| Jun 30, 2024 | 24.63 Mn |
| Mar 31, 2024 | 21.27 Mn |
| Dec 31, 2023 | 17.92 Mn |
| Sep 30, 2023 | 19.36 Mn |
| Jun 30, 2023 | 19.27 Mn |
| Mar 31, 2023 | 21.61 Mn |
| Dec 31, 2022 | 19.59 Mn |
| Sep 30, 2022 | 21.73 Mn |
| Jun 30, 2022 | 19.06 Mn |
| Mar 31, 2022 | 19.20 Mn |
| Dec 31, 2021 | 10.17 Mn |
| Sep 30, 2021 | 10.69 Mn |