United States Of America was Ses’s largest region in fiscal 2025, bringing in $1.02B of $2.63B (39%).
| Geography | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| United States Of America | $759.00M | $713.00M | $1.02B |
| Others | $396.00M | $406.00M | $553.00M |
| Germany | $329.00M | $321.00M | $309.00M |
| Europe | $205.00M | $205.00M | $255.00M |
| United Kingdom | $214.00M | $203.00M | $149.00M |
| Luxembourg | $49.00M | $79.00M | $249.00M |
| France | $78.00M | $74.00M | $89.00M |
| Total | $2.03B | $2.00B | $2.63B |
Ses brought in $2.63B from its seven regions in fiscal 2025, the year ended December 31, 2025. That was up 31.3% from $2.00B in fiscal 2024. United States Of America was the largest at $1.02B (38.9%), ahead of Others at $553.00M (21.1%) and Germany at $309.00M (11.8%). The other four regions brought in $742.00M combined.
Compared with fiscal 2024, Luxembourg grew fastest, up 215.2% to $249.00M, while United Kingdom fell the most, down 26.6% to $149.00M. From fiscal 2023 to 2025, combined revenue from these regions grew from $2.03B to $2.63B, a compound annual growth rate of 13.8%. United States Of America's share of the total rose from 37.4% to 38.9%.
Networks was Ses’s largest revenue line in fiscal 2025, bringing in $1.63B of $2.63B (62%).
| Products And Services | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Networks | $1.06B | $1.09B | $1.63B |
| Media | $967.00M | $914.00M | $977.00M |
| Other Units | $1.00M | $2.00M | $17.00M |
| Total | $2.03B | $2.00B | $2.63B |
Ses brought in $2.63B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 31.3% from $2.00B in fiscal 2024. Networks was the largest at $1.63B (62.2%), ahead of Media at $977.00M (37.2%) and Other Units at $17.00M (0.6%).
Compared with fiscal 2024, Networks grew 50.5% to $1.63B and Media grew 6.9% to $977.00M. From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $2.03B to $2.63B, a compound annual growth rate of 13.8%. Networks' share of the total rose from 52.3% to 62.2%.
Revenue Recognised Over Time was Ses’s largest revenue line in fiscal 2025, bringing in $2.47B of $2.63B (94%).
| Time Of Revenue Recognised | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue Recognised Over Time | $1.97B | $1.93B | $2.47B |
| Revenue Recognised At A Point In Time | $59.00M | $74.00M | $158.00M |
| Total | $2.03B | $2.00B | $2.63B |
Ses brought in $2.63B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 31.3% from $2.00B in fiscal 2024. Revenue Recognised Over Time was the largest at $2.47B (94.0%), ahead of Revenue Recognised At A Point In Time at $158.00M (6.0%).
Compared with fiscal 2024, Revenue Recognised At A Point In Time grew 113.5% to $158.00M and Revenue Recognised Over Time grew 28.1% to $2.47B. From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $2.03B to $2.63B, a compound annual growth rate of 13.8%. Revenue Recognised Over Time's share of the total fell from 97.1% to 94.0%.
Ses (SGBAF) reports its revenue by geography, by products and services and by time of revenue recognised. In fiscal 2025, United States Of America was its largest region, bringing in $1.02B (38.9% of the total), followed by Others at $553.00M (21.1%).
United States Of America was Ses' largest region in fiscal 2025, bringing in $1.02B, or 38.9% of the $2.63B total across its seven regions.
Networks was Ses' largest revenue line in fiscal 2025, bringing in $1.63B, or 62.2% of the $2.63B total across its three revenue lines.
Among Ses' regions that make up at least 2% of revenue, Luxembourg grew fastest in fiscal 2025, up 215.2% from $79.00M to $249.00M.
Every figure comes from Ses' annual financial filings, as reported. Each line keeps the name Ses gives it, and years follow its fiscal calendar.
Ses' revenue by geography goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.