Ses Ai (SES) Research & Development (2021 - 2026)

Ses Ai's quarterly Research & Development came in at $11.0 million in Q1 2026, down 46.22% year-on-year from $20.5 million in Q1 2025, and down 6.7% quarter-over-quarter from $11.8 million in Q4 2025.

Ses Ai has reported Research & Development for 6 years, with the latest figure at $11.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development fell 46.22% year-over-year to $11.0 million; the trailing twelve-month figure through Mar 2026 stood at $57.6 million (down 28.83% YoY), and the FY2025 full-year result was $67.0 million, down 7.06% from the prior year.
  • Research & Development for Q1 2026 stood at $11.0 million, down from $11.8 million in the prior quarter.
  • The five-year high for Research & Development was $24.4 million in Q3 2024, with the low at $4.1 million in Q1 2022.
  • Average Research & Development over 5 years is $12.3 million, with a median of $11.0 million recorded in 2026.
  • Year-over-year, Research & Development jumped 188.46% in 2024 and slumped 46.22% in 2026.
  • Tracing SES's Research & Development over 5 years: stood at $8.3 million in 2022, then fell by 11.1% to $7.4 million in 2023, then jumped by 183.44% to $20.9 million in 2024, then slumped by 43.38% to $11.8 million in 2025, then declined by 6.7% to $11.0 million in 2026.
  • The last three Research & Development figures came in at $11.0 million (Q1 2026), $11.8 million (Q4 2025), and $15.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 O Reilly Automotive 77.46 Bn 77.21 Bn 2.35 Bn -
2 Autozone 56.88 Bn 56.59 Bn 2.24 Bn -
3 Genuine Parts 13.45 Bn 12.97 Bn 2.34 Bn -
4 Modine Manufacturing 13.16 Bn 13.07 Bn 186.10 Mn -
5 Borgwarner 13.07 Bn 13.23 Bn 677.00 Mn -
6 Aptiv 11.89 Bn 8.82 Bn 920.00 Mn -
7 Magna International 10.79 Bn 9.60 Bn 1.42 Bn -
8 Allison Transmission Holdings 9.02 Bn 8.71 Bn 406.00 Mn 54.00 Mn
9 Autoliv 9.01 Bn 8.66 Bn 526.00 Mn 120.00 Mn
10 Ses Ai 384.43 Mn 384.43 Mn 1.22 Mn 11.03 Mn

Historic Data

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DateValue
Mar 31, 2026 11.03 Mn
Dec 31, 2025 11.82 Mn
Sep 30, 2025 15.63 Mn
Jun 30, 2025 19.09 Mn
Mar 31, 2025 20.51 Mn
Dec 31, 2024 20.88 Mn
Sep 30, 2024 24.44 Mn
Jun 30, 2024 15.06 Mn
Mar 31, 2024 11.77 Mn
Dec 31, 2023 7.37 Mn
Sep 30, 2023 8.47 Mn
Jun 30, 2023 6.35 Mn
Mar 31, 2023 8.49 Mn
Dec 31, 2022 8.29 Mn
Sep 30, 2022 8.42 Mn
Jun 30, 2022 7.19 Mn
Mar 31, 2022 4.07 Mn
Dec 31, 2021 5.18 Mn
Sep 30, 2021 3.68 Mn
Jun 30, 2021 3.51 Mn
Mar 31, 2021 2.98 Mn