SES AI | 10-Q: FY2025 Q3 Revenue: USD 7.118 M

Revenue: As of FY2025 Q3, the actual value is USD 7.118 M.

EPS: As of FY2025 Q3, the actual value is USD -0.06, missing the estimate of USD -0.0594.

EBIT: As of FY2025 Q3, the actual value is USD -20.92 M.

Segment Revenue

• Total Revenue: SES AI Corporation reported revenue of $7.1 million for the three months ended September 30, 2025, and $16.4 million for the nine months ended September 30, 2025, primarily from service-related contracts and ESS product shipments.

Operational Metrics

• Gross Profit: The gross profit for the three months ended September 30, 2025 was $3.6 million, with a gross margin of 51%. For the nine months ended September 30, 2025, the gross profit was $10.8 million, with a gross margin of 66%.
• Operating Expenses: Research and development expenses decreased by 36% to $15.6 million for the three months ended September 30, 2025, compared to $24.4 million for the same period in 2024. General and administrative expenses decreased by 32% to $6.7 million for the three months ended September 30, 2025, compared to $9.8 million for the same period in 2024.
• Net Loss: The net loss for the three months ended September 30, 2025 was $20.9 million, compared to $30.2 million for the same period in 2024. For the nine months ended September 30, 2025, the net loss was $56.0 million, compared to $65.6 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was - $47.955 million for the nine months ended September 30, 2025.
• Investing Cash Flow: Net cash used in investing activities was - $43.704 million for the nine months ended September 30, 2025.
• Financing Cash Flow: Net cash used in financing activities was - $2.010 million for the nine months ended September 30, 2025.

Unique Metrics

• Deferred Consideration: The acquisition of UZ Energy included deferred cash payments contingent on meeting specified thresholds relating to revenue and cash balances for fiscal years 2025 and 2026.

Future Outlook and Strategy

• Core Business Focus: SES AI Corporation aims to accelerate the world’s energy transition through AI-enhanced material discovery and battery management, focusing on AI for Science, AI for Manufacturing, and AI for Safety.
• Non-Core Business: The acquisition of UZ Energy is expected to strengthen SES AI Corporation’s capabilities in the ESS market and provide opportunities for revenue generation.