)

SES AI (SES) investor relations material
SES AI Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved Q2 2025 revenue of $3.5 million, totaling $9.3 million for the first half, with strong progress on product, revenue, and profitability milestones and continued momentum through the strategic acquisition of UZ/Uzi Energy in the ESS sector.
Over 30 companies are trialing the Molecular Universe platform, with robust adoption among battery OEMs in Japan, China, and Korea.
Transitioned from A-Sample to B-Sample Li-Metal battery development with OEM partners, with revenue generation beginning in October 2024 and ongoing R&D in AI-enhanced battery management, module integration, advanced materials, and recycling.
Entered new and extended joint development agreements with Hyundai and Honda, while concluding a partnership with GM in September 2024.
Launched MU-0.5, the latest version of the Molecular Universe software platform, enhancing capabilities for all battery chemistries.
Financial highlights
Q2 2025 revenue was $3.5 million, with $9.3 million for the first half of 2025, and a gross margin of 74%.
Net loss for Q2 2025 was $22.7 million; gross profit was $2.6 million.
Operational cash usage was $10.8 million in Q2, down 51% year-over-year and 53% sequentially.
Ended the quarter with $229 million in liquidity and no debt.
Research and development expenses rose 27% year-over-year to $19.1 million, while general and administrative expenses fell 32% to $6.5 million in Q2 2025.
Outlook and guidance
Full-year 2025 revenue guidance affirmed at $15–25 million.
Management expects continued operating losses as commercialization and R&D investments persist, with cash and marketable securities expected to cover needs for at least 12 months.
Anticipates exponential growth in the ESS segment following the UZ/Uzi Energy acquisition.
Plans to continue capital allocation toward AI platform enhancements, global commercial readiness, and strategic acquisitions.
Evaluating the impact of the OBBBA tax legislation and expects to recognize any effects in future filings.
Next SES AI earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage