Ses Ai (SES) Operating Income (2021 - 2026)
Ses Ai (SES) posted Operating Income of -$19.2 million for Q2 2026, down 7.43% on a QoQ basis from -$17.9 million in Q1 2026, and up 16.56% year-over-year from -$16.5 million in Q2 2025.
Analysis
Ses Ai (SES) Operating Income (2021 - 2026) Analysis & Trends
Ses Ai has reported Operating Income for 6 years, with the latest figure at -$19.2 million in Q2 2026.
- On a quarterly basis, Operating Income rose 16.56% year-over-year to -$19.2 million in Q2 2026; TTM through Jun 2026 was -$73.4 million, a 33.05% increase from a year earlier, with the FY2025 full-year figure at -$82.6 million, up 24.38% from the prior year.
- Operating Income was -$19.2 million for Q2 2026 at Ses Ai, down from -$17.9 million in the prior quarter.
- The five-year high for Operating Income was -$17.7 million in Q4 2025, with the low at -$34.2 million in Q3 2024.
- Average Operating Income over 5 years is -$21.5 million, with a median of -$19.5 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: Operating Income plunged 332.46% in 2022, then soared 45.5% in 2025.
- Over 5 years, Operating Income stood at -$19.6 million in 2022, then rose by 8.53% to -$17.9 million in 2023, then plunged by 62.59% to -$29.1 million in 2024, then surged by 39.3% to -$17.7 million in 2025, then dropped by 8.54% to -$19.2 million in 2026.
- The last three Operating Income figures came in at -$19.2 million (Q2 2026), -$17.9 million (Q1 2026), and -$17.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.60 Bn | 6.08 Bn | 313.36 Mn | 151.41 Mn |
| 2 | QuantumScape | 3.38 Bn | 3.38 Bn | - | -106.13 Mn |
| 3 | Fluence Energy | 1.91 Bn | 1.40 Bn | 33.24 Mn | -29.79 Mn |
| 4 | Eos Energy Enterprises | 1.32 Bn | 972.43 Mn | -48.80 Mn | -83.81 Mn |
| 5 | Enovix | 727.73 Mn | 729.77 Mn | 1.30 Mn | -43.30 Mn |
| 6 | Energy Vault Holdings | 690.97 Mn | 609.42 Mn | 5.38 Mn | -24.66 Mn |
| 7 | Amprius Technologies | 467.46 Mn | 392.94 Mn | 9.28 Mn | -4.30 Mn |
| 8 | Electrovaya | 290.55 Mn | 277.47 Mn | 6.19 Mn | 788,000.00 |
| 9 | Microvast Holdings | 265.33 Mn | 122.20 Mn | 25.78 Mn | -1.72 Mn |
| 10 | Ses Ai | 166.91 Mn | 166.91 Mn | 1.15 Mn | -19.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.20 Mn |
| Mar 31, 2026 | -17.87 Mn |
| Dec 31, 2025 | -17.69 Mn |
| Sep 30, 2025 | -18.65 Mn |
| Jun 30, 2025 | -23.01 Mn |
| Mar 31, 2025 | -23.27 Mn |
| Dec 31, 2024 | -29.13 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 |