Ses Ai (SES) Research & Development (2021 - 2026)
Ses Ai (SES) posted Research & Development of $11.4 million for Q2 2026, up 3.0% on a QoQ basis from $11.0 million in Q1 2026, and down 40.47% year-over-year from $19.1 million in Q2 2025.
Analysis
Ses Ai (SES) Research & Development (2021 - 2026) Analysis & Trends
Ses Ai has reported Research & Development for 6 years, with the latest figure at $11.4 million in Q2 2026.
- On a quarterly basis, Research & Development fell 40.47% year-over-year to $11.4 million in Q2 2026; TTM through Jun 2026 was $49.8 million, a 41.31% decrease from a year earlier, with the FY2025 full-year figure at $67.0 million, down 7.06% from the prior year.
- Research & Development was $11.4 million for Q2 2026 at Ses Ai, up from $11.0 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 $12.2 million, with a median of $11.2 million recorded in 2026.
- The sharpest annual moves came in 2024 and 2026: Research & Development soared 188.46% in 2024, then sank 46.22% in 2026.
- Over 5 years, Research & Development 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 retreated by 3.9% to $11.4 million in 2026.
- The last three Research & Development figures came in at $11.4 million (Q2 2026), $11.0 million (Q1 2026), and $11.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.51 Bn | 5.98 Bn | 313.36 Mn | - |
| 2 | QuantumScape | 3.24 Bn | 3.24 Bn | - | 82.53 Mn |
| 3 | Eos Energy Enterprises | 1.39 Bn | 1.04 Bn | -48.80 Mn | 10.51 Mn |
| 4 | Fluence Energy | 1.38 Bn | 812.12 Mn | 33.24 Mn | 25.30 Mn |
| 5 | Energy Vault Holdings | 749.81 Mn | 642.46 Mn | 5.38 Mn | 2.87 Mn |
| 6 | Enovix | 698.11 Mn | 698.11 Mn | 1.30 Mn | 24.44 Mn |
| 7 | Amprius Technologies | 439.73 Mn | 365.22 Mn | 9.28 Mn | 4.10 Mn |
| 8 | Electrovaya | 261.43 Mn | 248.34 Mn | 6.19 Mn | -407,000.00 |
| 9 | Microvast Holdings | 221.69 Mn | 78.56 Mn | 25.78 Mn | 8.86 Mn |
| 10 | Ses Ai | 173.21 Mn | 173.21 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 |