SES AI Corp Reports Third Quarter 2025 Financial Results

In the third quarter of 2025, SES AI reported a revenue of $7.1 million, marking a significant increase of $3.6 million from the previous quarter. This growth is attributed to strong service performance, which also contributed to a gross margin of 51%. However, the company recorded a GAAP net loss of $20.9 million, or $(0.06) per share, which represents an improvement from a net loss of $22.7 million or $(0.07) per share in the second quarter of 2025.

Cash used in operations for the quarter was $14.3 million, while liquidity at the end of the quarter stood at a healthy $214 million. Notably, SES AI undertook a share repurchase program, buying back 1,340,656 shares for $1.6 million, averaging approximately $1.20 per share.

In a significant move to bolster its market position, SES AI completed the acquisition of UZ Energy, a well-regarded player in the Energy Storage Systems (ESS) sector. This acquisition is expected to enhance SES AI's capabilities and market share, particularly in Europe, Australia, Asia, and the United States.

Furthermore, the company has embarked on a joint venture with Hisun New Materials, aimed at commercially supplying materials discovered by their innovative platform, Molecular Universe. This strategic partnership is anticipated to create a steady source of recurring revenue while enabling SES AI to leverage Hisun’s manufacturing capacity for expanding its electrolyte materials and battery cell supply strategies.

Reflecting its optimistic outlook, SES AI has updated its revenue guidance for 2025 to between $20 million and $25 million, incorporating the contributions from the recently acquired UZ Energy. This revised guidance underscores the company’s commitment to growth and innovation, as highlighted by Founder and CEO Dr. Qichao Hu during the quarterly results announcement.

Dr. Qichao Hu commented on the transformative developments within the company, stating, “The last few months have been transformative for SES AI, as we acquired UZ Energy, entered a joint venture with Hisun, and unveiled the latest version of Molecular Universe. The overwhelmingly positive response to MU-1 from existing customers and potential new users at industry events reinforces our confidence in our offerings.”

Hu further emphasized the strategic importance of the Hisun joint venture, describing it as a pathway to recurring revenue and an opportunity to maintain a capex-light approach. He stated, “As we close out 2025, SES AI is well positioned for deployment of our excess liquidity for future M&A opportunities, continued share repurchases, and increasing the commercialization of MU-1.”

Investors and interested stakeholders are invited to join SES AI's conference call, scheduled for Wednesday, November 5, 2025, at 5:00 p.m. ET. The call will provide further insights into the company’s performance and strategic direction. A live webcast will be available through SES’s Investor Relations website, and participants can also dial in via provided phone numbers.

SES AI Corporation's third quarter results highlight a blend of operational resilience and strategic expansion. With a focus on innovation and partnerships, the company is aligning itself for a promising future in the burgeoning battery technology market. As SES AI continues to navigate its growth trajectory, investors will be keenly watching for further developments and their implications for the energy storage and electric transportation sectors.