Ses Ai SES
NYSE SES
$0.53 +0.01 (+1.02%)
As of: Sep 10, 2026 · 3:59 PM EDT

Ses Ai (SES) Operating Expenses (2020 - 2026)

Ses Ai (SES) posted Operating Expenses of $20.3 million for Q2 2026, up 6.6% on a QoQ basis from $19.1 million in Q1 2026, and down 20.56% year-over-year from $25.6 million in Q2 2025.

Analysis

Ses Ai (SES) Operating Expenses (2020 - 2026) Analysis & Trends

Ses Ai has reported Operating Expenses for 7 years, with the latest figure at $20.3 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 20.56% year-over-year to $20.3 million in Q2 2026; TTM through Jun 2026 was $79.9 million, a 32.32% decrease from a year earlier, with the FY2025 full-year figure at $93.9 million, down 15.03% from the prior year.
  • Operating Expenses was $20.3 million for Q2 2026 at Ses Ai, up from $19.1 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.
  • Average Operating Expenses over 5 years is $22.3 million, with a median of $20.8 million recorded in 2024.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 332.46% in 2022, then sank 40.18% in 2025.
  • Over 5 years, Operating Expenses stood at $19.6 million in 2022, then dropped by 8.53% to $17.9 million in 2023, then soared by 69.78% to $30.4 million in 2024, then plunged by 40.18% to $18.2 million in 2025, then gained by 11.78% to $20.3 million in 2026.
  • The last three Operating Expenses figures came in at $20.3 million (Q2 2026), $19.1 million (Q1 2026), and $18.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 EnerSys 6.54 Bn 6.01 Bn 313.36 Mn 151.24 Mn
2 QuantumScape 3.20 Bn 3.20 Bn - 106.13 Mn
3 Eos Energy Enterprises 1.35 Bn 1.00 Bn -48.80 Mn 35.01 Mn
4 Fluence Energy 1.34 Bn 769.30 Mn 33.24 Mn 63.04 Mn
5 Energy Vault Holdings 752.49 Mn 645.13 Mn 5.38 Mn 30.04 Mn
6 Enovix 689.37 Mn 689.37 Mn 1.30 Mn 44.60 Mn
7 Amprius Technologies 436.15 Mn 361.63 Mn 9.28 Mn 13.58 Mn
8 Electrovaya 257.13 Mn 244.05 Mn 6.19 Mn 1.07 Mn
9 Microvast Holdings 215.82 Mn 72.70 Mn 25.78 Mn 27.51 Mn
10 Ses Ai 176.50 Mn 176.50 Mn 1.15 Mn 20.34 Mn
Historic Data

Historic Data

Download Data
DateValue
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