SES AI (SES) Company Report

SES AI booked $16.4 million in revenue for the first three quarters of 2025 and provided a guidance of $22.5 million for the full year 2025. The company expects to double its revenue in 2026 compared to 2025 and aims for cash flow break-even within one to two years.
In 2026, SES AI is establishing three separate business units to focus on Energy Storage Systems (ESS), drones, and materials, representing a strategic pivot from its previous focus on EV applications.
The company's core intellectual property is Molecular Universe, an AI for science platform for material discovery and battery health management. In 2025, SES AI acquired UZ as a launching pad for energy storage, which provides hardware and collects real-world data to train Molecular Universe.
SES AI is converting its NDAA-compliant EV cell production line in South Korea to produce cells for drone applications, with an initial capacity of 1 million NDAA-compliant cells annually. The company identifies military drones and data centers as its most exciting market opportunities.

3 days ago

Transcript

SES AI Provides 2025 Revenue Guidance and Details Strategic Pivot to ESS, Drones, and Materials

SES

Guidance Update

New Projects/Investments

M&A

SES AI reported $16.4 million in revenue for the first three quarters of 2025 and provided a full-year 2025 revenue guidance of $22.5 million. The company expects to at least double its revenue in 2026 compared to 2025.
The company is establishing three separate business units in 2026 to focus on Energy Storage Systems (ESS), drones, and materials, pivoting from its previous focus on EV applications.
SES AI acquired UZ in 2025 as a launching pad for its ESS business, which supplies integrated hardware-software solutions for data centers and commercial industrial applications. UZ's current products are primarily LFP chemistry.
For drones, SES AI is converting its NDAA-compliant manufacturing line in South Korea (built in 2021 for EV) to produce cells for drone applications, with a capacity of 1 million NDAA-compliant cells annually.
The core of SES AI's technology is its Molecular Universe AI for science platform, which has discovered six breakthrough materials being tested by over 40 customers, and the company has formed a joint venture with Hisun to commercialize these materials.

3 days ago

Transcript

SES AI Establishes New Business Units, Provides 2025 Revenue Guidance, and Projects 2026 Growth

SES

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

SES AI, a battery technology company, has established three separate business units in 2026 focused on Energy Storage Systems (ESS), drones, and materials, leveraging its core AI for science platform, Molecular Universe.
The company reported $16.4 million in revenue for the first three quarters of 2025 and guided for $22.5 million for the full year 2025.
SES AI projects to at least double its revenue in 2026 compared to 2025 and expects to reach cash flow break-even within the next one to two years.
Key strategic moves in 2025 included the acquisition of UZ to bolster its ESS offerings and a joint venture with HySun for commercializing Molecular Universe-discovered materials.
The company is converting its NDAA-compliant manufacturing line in South Korea for drone applications, anticipating sizable revenue from drones in 2026.

3 days ago

Transcript

SES AI Corporation Provides Business Update and 2025 Financial Highlights

SES

Guidance Update

New Projects/Investments

SES AI Corporation reported $16.4 million in revenue for the first three quarters of 2025 and reiterated its full-year 2025 guidance of $20 million to $25 million.
The company maintained a strong liquidity position of $214 million as of September 30, 2025.
SES AI is focused on accelerating the energy transition through its Molecular Universe AI4Science platform, targeting fast-growing markets in Energy Storage Systems (ESS), Drones, and Materials.
Key priorities for 2026 and beyond include expanding NDAA-compliant drone cell manufacturing capacity to ~1 million cells/year by the second half of 2026 and commercializing six novel electrolyte discoveries.

3 days ago

8-K

SES AI Reports Strong Q3 2025 Revenue Growth and Updates Full-Year Guidance

SES

Earnings

Guidance Update

Revenue Acceleration/Inflection

SES AI reported Q3 2025 revenue of $7.1 million, representing a 102% increase over the previous quarter, with approximately 45% of this revenue coming from UZ Energy's energy storage system sales following its mid-September acquisition.
The company updated its full-year 2025 revenue guidance to $20 million-$25 million, reflecting the contribution from UZ Energy.
For Q3 2025, SES AI recorded a GAAP net loss of $20.9 million, or -$0.06 per share, an improvement from the Q2 2025 net loss of $22.7 million.
SES AI maintained a strong liquidity position, ending Q3 2025 with $214 million and projecting to exit the year with $195 million-$200 million.
The company launched Molecular Universe (MU) 1.0, an AI for science workflow, and formed a joint venture with Hyzen New Energy Materials to commercialize materials discovered through MU, with SES controlling 90% of the JV.

Nov 5, 2025, 10:00 PM

Transcript

SES AI Reports Strong Q3 2025 Revenue Growth and Updates Full-Year Guidance

SES

Earnings

Guidance Update

New Projects/Investments

SES AI reported Q3 2025 revenue of $7.1 million, a 102% increase over the previous quarter, with the UZ Energy acquisition contributing approximately 45% of this revenue. The company updated its full-year 2025 revenue guidance to $20 million-$25 million, primarily due to UZ's expected $10 million-$15 million contribution.
Gross margin for Q3 2025 was 51%, reflecting 78% from service revenue and 15% from product revenue. SES AI maintains a strong liquidity position of $214 million as of September 30, 2025, and repurchased 1.3 million Class A shares for $1.6 million during the quarter.
The company launched Molecular Universe (MU 1.0), an AI for science workflow, and formed a joint venture with Hyzen New Energy Materials for contract manufacturing of MU-discovered materials, anticipating significant revenue growth in ESS, drones, and EV applications in 2026.

Nov 5, 2025, 10:00 PM

Transcript

SES AI Reports Strong Q3 2025 Revenue Growth and Updates Full-Year Guidance

SES

Earnings

Guidance Update

M&A

Q3 2025 revenue reached $7.1 million, marking a 102% increase from the previous quarter, with service revenue contributing 55% and product revenue 45%.
The company updated its full-year 2025 revenue guidance to $20 million-$25 million, primarily driven by the UZ Energy acquisition completed in mid-September.
SES AI reported a Q3 2025 GAAP net loss of $20.9 million (negative $0.06 per share) and maintained a strong liquidity position of $214 million as of September 30, 2025.
Strategic developments include the release of Molecular Universe (MU) 1.0 and a joint venture with Hyzen New Energy Materials to commercialize MU-discovered electrolyte materials.
The company expects to exit FY 2025 with $195 million-$200 million in liquidity and anticipates at least doubling or tripling total revenue in 2026 from ESS, drones, and EV opportunities.

Nov 5, 2025, 10:00 PM

Transcript

SES AI Reports Q3 2025 Financial Results and Updates 2025 Revenue Guidance

SES

Earnings

Guidance Update

M&A

SES AI reported Q3 2025 revenue of $7.1 million, representing a 102% increase over the previous quarter, with a gross margin of 51%.
The company's GAAP net loss for Q3 2025 was $20.9 million, or $(0.06) per share, an improvement from Q2 2025.
SES AI updated its 2025 revenue guidance to $20 million to $25 million, incorporating the contribution from the recently completed acquisition of UZ Energy, which was responsible for approximately 45% of Q3 revenue.
The company also announced the launch of a Joint Venture with Hisun New Materials and unveiled MU-1, the latest version of its Molecular Universe software and services platform.
SES AI ended Q3 2025 with $214 million in liquidity and repurchased 1,340,656 shares for $1.6 million.

Nov 5, 2025, 9:21 PM

8-K

SES AI Reports Third Quarter 2025 Financial Results and Updates Guidance

SES

Earnings

Guidance Update

M&A

SES AI reported third quarter 2025 revenue of $7.1 million, marking a $3.6 million increase over the second quarter 2025.
The company updated its 2025 revenue guidance to $20 million to $25 million.
A GAAP net loss of $20.9 million, or $(0.06) per share, was recorded for Q3 2025, showing an improvement from the prior quarter.
Strategic developments include the acquisition of UZ Energy and the establishment of a Joint Venture with Hisun New Materials to commercially supply materials.
SES AI ended the quarter with $214 million in liquidity and repurchased 1,340,656 shares for $1.6 million.

Nov 5, 2025, 9:15 PM

Press Release

SES AI Signs Term Sheet for Joint Venture to Supply Molecular Universe Materials

SES

New Projects/Investments

Revenue Acceleration/Inflection

M&A

SES AI has signed a term sheet to establish a joint venture with Hisun New Energy Materials Ltd. Co., a Texas-based electrolyte contract manufacturer.
The joint venture, which will be 90% owned by SES AI, aims to commercially supply electrolyte materials discovered by SES AI's Molecular Universe.
This collaboration is expected to generate a new source of recurring revenue for SES AI and will utilize Hisun's existing manufacturing capacity.
The execution of a binding definitive agreement for the joint venture is anticipated by the end of October 2025.