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
Download Data| Date | Value |
|---|---|
| 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 |