SES AI Corporation (SES) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SES Revenue Growth
Revenue Breakdown (FY 2025)
SES's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
SES Revenue Analysis (2014–2025)
As of May 7, 2026, SES AI Corporation (SES) generated trailing twelve-month (TTM) revenue of $21.9 million, reflecting strong growth of +15.8% year-over-year. The most recent quarter (Q1 2026) recorded $6.7 million in revenue, up 47.1% sequentially.
Looking at the longer-term picture, SES's historical revenue data shows various trends over time. The company achieved its highest annual revenue of $21.0 million in 2025, representing a new all-time high.
Revenue diversification analysis shows SES's business is primarily driven by Service (65%), and Product (35%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including SLDP (-11.7% YoY), MVST (+12.6% YoY), and CBAT (-22.0% YoY), SES has underperformed the peer group in terms of revenue growth. Compare SES vs SLDP →
SES Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SESCurrent | $22M | +15.8% | - | -393.4% | |
 SLDP | $22M | -11.7% | +59.6% | -463.7% | |
 MVST | $428M | +12.6% | +31.8% | 1.6% | |
 CBAT | $177M | -22.0% | +51.4% | 5.0% | |
 AMPX | $73M | +172.6% | +73.2% | -63.9% |
SES Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $21.0M | +929.4% | $11.3M | 53.8% | $-82,614,000 | -393.4% |
| 2024 | $2.0M | - | $1.3M | 63.1% | $-109,248,000 | -5355.3% |
| 2023 | $0 | - | $-5,541,000 | - | $-78,158,000 | - |
| 2022 | $0 | - | $-2,596,000 | - | $-79,573,000 | - |
| 2021 | $0 | - | $-1,662,000 | - | $-32,006,000 | - |
| 2020 | $0 | - | $0 | - | $-13,903,000 | - |
| 2019 | $0 | -100.0% | $0 | - | $-15,290,000 | - |
| 2018 | $1.5M | +898.0% | $1.1M | 72.6% | $-8,864,000 | -588.2% |
| 2017 | $151K | -76.8% | $9K | 6.0% | $-26,923,000 | -17829.8% |
| 2016 | $650K | -95.8% | $439K | 67.5% | $-22,633,000 | -3482.0% |
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Start ComparisonSES — Frequently Asked Questions
Quick answers to the most common questions about buying SES stock.
Is SES's revenue growth accelerating or slowing?
SES revenue is accelerating at +15.8% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $22M. Growth momentum has increased versus prior periods.
What is SES's long-term revenue growth rate?
SES AI Corporation's 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +15.8% is above this long-term average.
How is SES's revenue distributed by segment?
SES reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.