TLDR: SES AI Corporation announced preliminary Q2 2025 revenue of $3.5 million, maintaining its full-year 2025 revenue guidance of $15 million to $25 million. The company also revealed its agreement to acquire UZ Energy, a move aimed at expanding its footprint in the global Energy Storage Systems (ESS) market and driving further revenue growth. SES AI, known for its AI-enhanced battery technology, showcased strong financial discipline with a 74% gross margin and significantly reduced operational cash usage.
WOBURN, Mass. – SES AI Corporation (NYSE: SES), a leader in AI-enhanced high-performance Li-Metal and Li-ion batteries, has reported its second-quarter 2025 financial results, demonstrating robust performance and strategic expansion. The company posted preliminary Q2 2025 revenue of $3.5 million, primarily driven by contracts with automotive original equipment manufacturers (OEMs) for its AI-enhanced battery materials. This performance keeps SES AI on track to meet its full-year 2025 revenue guidance, which remains affirmed at $15 million to $25 million.
A significant highlight of the quarter is the announced agreement to acquire UZ Energy, an established player in the Energy Storage Systems (ESS) space. This strategic acquisition is set to accelerate SES AI’s platform strategy within the global energy storage market and is projected to contribute an additional $10 million to $15 million in revenue for the full year 2025. The integration of UZ Energy’s ESS hardware with SES AI’s Molecular Universe material discovery platform is expected to enhance offerings in LFP and sodium-ion for ESS, alongside precise battery health monitoring systems.
Financially, SES AI showcased strong operational discipline, achieving a 74% gross margin. Cash used in operations significantly decreased by 51% from Q2 2024 and 53% from Q1 2025, totaling $10.8 million. The company concluded the quarter with a robust liquidity position of $229 million and no debt, providing a strong foundation for future growth, including potential mergers and acquisitions and share repurchases.
Dr. Qichao Hu, Founder, Chairman, and CEO of SES AI, commented on the results, stating it was ‘another strong quarter with significant progress achieved on key product revenue development and profitability milestones.’ He emphasized the public launch of Molecular Universe, noting that over 30 companies have begun trial testing the platform. Hu expressed excitement, stating, ‘We are excited to see Molecular Universe helping human scientists to be more creative and develop new products much faster.’ He further detailed the company’s four-stage AI-driven strategy, highlighting ‘physical AI’ as the current focus, involving the integration of AI with physical systems such as drones, robotics, EVs, and energy storage.
Jing Liu Nealis, Chief Financial Officer, reiterated the financial figures and the strategic importance of the UZ Energy acquisition in gaining a foothold in the global ESS market. The company’s revenue growth strategy is multifaceted, focusing on five key areas: software and service, materials, cell sales, EV development service, and ESS solutions, with new opportunities arising from the UZ Energy acquisition.
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Despite a reported Q2 2025 earnings loss of $0.07 per share, the company’s strong cash reserves and strategic moves signal potential for a rebound. SES AI’s proactive governance framework and CEO Hu’s emphasis on ‘responsible AI’ also aim to mitigate risks associated with evolving AI regulations and ensure compliance with standards like the EU AI Act and NIST AI RMF. The company’s MU-0.5, the latest version of its Molecular Universe software and services platform, continues to gain traction with battery OEMs globally, including new trial users from Japan joining existing Chinese and Korean customers.
