SES AI Corporation
07/28/2025 | Press release | Distributed by Public on 07/28/2025 04:59
SES AI Announces Preliminary Second Quarter 2025 Financial Results (Form 8-K)
SES AI Announces Preliminary Second Quarter 2025 Financial Results
Affirms 2025 revenue guidance of $15 million to $25 million
Acquisition of UZ Energy, following closing, expected to generate additional revenue in 2025
Woburn, MA (July 28, 2025) - SES AI Corporation ("SES AI", the "Company," "we" or "us") (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its preliminary financial and business results for the second quarter ended June 30, 2025.
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, and will host a conference call later that day at 5:00pm ET to discuss its quarterly results and financial outlook.
About SES AI:
SES AI Corp. (NYSE: SES) is powering the future of global electric transportation on land and in the air with the world's most advanced Li-Metal batteries. SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to
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battery health and safety monitoring. Founded in 2012, SES AI is an Li-Metal battery developer and manufacturer headquartered in Boston and with operations in Singapore, Shanghai, and Seoul. Learn more at SES.AI.
SES AI may use its website as a distribution channel of material company information. Financial and other important information regarding SES AI is routinely posted on and accessible through the Company's website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES AI's press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
The financial results presented in this press release are preliminary, estimated, and unaudited. Such amounts are subject to the completion and finalization of SES's financial and accounting closing procedures. They reflect management's estimates based solely upon information available to management as of the date of this press release. Further information learned during that completion and finalization may alter the final results. In addition, the preliminary estimates should not be viewed as a substitute for full annual financial statements prepared in accordance with GAAP. There is a possibility that SES's financial results for the three months ended June 30, 2025 could vary materially from these preliminary estimates.
SES AI Corporation published this content on July 28, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on July 28, 2025 at 10:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]