Ses Ai (SES) Research & Development (2021 - 2026)
Ses Ai (SES) reported Research & Development of $11.36 million for Q2 2026, down 40.5% from $19.09 million a year earlier but up 3.0% from the prior quarter.
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Analysis
Ses Ai (SES) Research & Development (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ses Ai's Research & Development came in at $49.84 million, down 41.3% year-over-year; for FY2025, it was $67.05 million, down 7.1% from FY2024.
- Research & Development has a five-year compound annual growth rate of 48.0% (FY2020 to FY2025).
- By year, Research & Development came in at $72.14 million in FY2024 (+135.2%), $30.68 million in FY2023 (+9.7%), $27.97 million in FY2022 (+80.3%) and $15.51 million in FY2021 (+64.3%).
- Five-year quarterly Research & Development spans a low of $3.68 million in Q3 2021 and a high of $24.44 million in Q3 2024.
- Year over year, Research & Development has now declined in each of the last four quarters, with growth averaging 38.4% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2024 (growth of 188.5%); the low point was Q1 2026 (a decline of 46.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $11.03 million (Q1 2026), $11.82 million (Q4 2025) and $15.63 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Ses Ai | 176.72 Mn | 176.73 Mn | 1.15 Mn | 11.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.36 Mn |
| 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 |
API Access
Ses Ai Research & Development 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=research-and-development&ticker=SES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=SES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();