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

Ses Ai's quarterly Operating Expenses came in at $19.1 million in Q1 2026, down 31.43% year-on-year from $27.8 million in Q1 2025, and up 4.86% quarter-over-quarter from $18.2 million in Q4 2025.

Ses Ai has reported Operating Expenses for 7 years, with the latest figure at $19.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 31.43% year-over-year to $19.1 million; the trailing twelve-month figure through Mar 2026 stood at $85.2 million (down 27.26% YoY), and the FY2025 full-year result 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.
  • Average Operating Expenses over 5 years is $22.4 million, with a median of $21.3 million recorded in 2024.
  • Year-over-year, Operating Expenses soared 332.46% in 2022 and slumped 40.18% in 2025.
  • Tracing SES's Operating Expenses over 5 years: 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 advanced by 4.86% to $19.1 million in 2026.
  • The last three Operating Expenses figures came in at $19.1 million (Q1 2026), $18.2 million (Q4 2025), and $22.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 O Reilly Automotive 77.46 Bn 77.21 Bn 2.35 Bn 1.51 Bn
2 Autozone 56.88 Bn 56.59 Bn 2.24 Bn 330.65 Mn
3 Genuine Parts 13.45 Bn 12.97 Bn 2.34 Bn 2.05 Bn
4 Modine Manufacturing 13.16 Bn 13.07 Bn 186.10 Mn 93.00 Mn
5 Borgwarner 13.07 Bn 13.23 Bn 677.00 Mn 346.00 Mn
6 Aptiv 11.89 Bn 8.82 Bn 920.00 Mn 4.71 Bn
7 Magna International 10.79 Bn 9.60 Bn 1.42 Bn 557.00 Mn
8 Allison Transmission Holdings 9.02 Bn 8.71 Bn 406.00 Mn 211.00 Mn
9 Autoliv 9.01 Bn 8.66 Bn 526.00 Mn 281.00 Mn
10 Ses Ai 384.43 Mn 384.43 Mn 1.22 Mn 19.08 Mn

Historic Data

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DateValue
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
Jun 30, 2021 6.56 Mn
Mar 31, 2021 4.44 Mn
Dec 31, 2020 32,821.00
Sep 30, 2020 20,233.00