Ses Ai (SES) Operating Leases (2022 - 2026)
Ses Ai (SES) recorded Operating Leases of $5.07 million in Q2 2026, down 22.8% from $6.57 million a year earlier and down 6.3% from the prior quarter.
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Analysis
Ses Ai (SES) Operating Leases (2022 - 2026) Analysis & Trends
At the end of FY2025, Ses Ai reported Operating Leases of $5.81 million, down 27.1% from FY2024.
- Annual Operating Leases has a three-year compound annual growth rate of -17.0% (FY2022 to FY2025).
- Across earlier years, Operating Leases came in at $7.98 million in FY2024 (-29.5%), $11.32 million in FY2023 (+11.3%) and $10.17 million in FY2022.
- The Q2 2026 figure is the lowest quarterly Operating Leases in data going back to Q1 2022.
- On a year-over-year basis, Operating Leases has declined for ten consecutive quarters, with an average decline of 24.7% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 11.3% in Q4 2023, against a decline of 29.7% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.42 million (Q1 2026), $5.81 million (Q4 2025) and $6.19 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Ses Ai | 212.72 Mn | 212.73 Mn | 1.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.07 Mn |
| Mar 31, 2026 | 5.42 Mn |
| Dec 31, 2025 | 5.81 Mn |
| Sep 30, 2025 | 6.19 Mn |
| Jun 30, 2025 | 6.57 Mn |
| Mar 31, 2025 | 6.90 Mn |
| Dec 31, 2024 | 7.98 Mn |
| Sep 30, 2024 | 8.41 Mn |
| Jun 30, 2024 | 9.35 Mn |
| Mar 31, 2024 | 9.69 Mn |
| Dec 31, 2023 | 11.32 Mn |
| Sep 30, 2023 | 9.53 Mn |
| Jun 30, 2023 | 10.47 Mn |
| Mar 31, 2023 | 9.90 Mn |
| Dec 31, 2022 | 10.17 Mn |
| Sep 30, 2022 | 10.06 Mn |
| Jun 30, 2022 | 9.83 Mn |
| Mar 31, 2022 | 10.11 Mn |
API Access
Ses Ai Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=SES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "SES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=SES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();