SES AI Reports Q2 Prelim Revenue Of $3.5M Compared To Consensus Of $4.33M, With $9.3M In 1H 2025

Author: Benzinga Newsdesk | July 28, 2025 07:16am

Preliminary Second Quarter 2025 Highlights:

• Revenue of $3.5 million for a total of $9.3 million in the first half of 2025
• Gross Margin of 74%
• Cash used in operations of $10.8 million, a 51% decrease from 2Q24 and a 53% decrease from 1Q25
• Quarter end liquidity (comprising cash, cash equivalents and marketable securities) of $229 million with no debt
• Affirms 2025 revenue guidance of $15 million to $25 million

Qichao Hu, Founder and CEO of SES AI, noted, "We continued our path to profitability with revenue of $3.5 million during the second quarter, positioning us to reach our year-end revenue target of between $15 million to $25 million. With today's separate announcement of the signing of a deal to acquire UZ Energy, we are deploying a nominal amount of our excess liquidity to pursue what we view as a tremendous opportunity to accelerate our platform strategy in the global energy storage market that will provide additional revenue growth in 2025 and beyond."

As previously announced, the Company will report its results for the second quarter of 2025 after market close on Monday, August 4, 2025,

Posted In: SES