SES AI reports Q3 revenue $7.1M, consensus $4.6M.

Qichao Hu, Founder and CEO of SES AI (SES), noted, “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. We also increased our 2025 year-end revenue target to $20 million to $25 million to include UZ Energy’s contribution. At both the Detroit Battery Show and on our Live Demo in October, we received an overwhelmingly positive response to MU-1 from existing customers and potential new users on how it provides complete end-to-end material discovery capability and the potential to accelerate battery material discovery from years to just tens of minutes. We see our Hisun JV as a new source of recurring revenue which allows us to continue a capex-light approach by leveraging Hisun’s manufacturing capacity to expand and commercialize our electrolyte materials and battery cell supply strategies for our customers. With the closing of our accretive UZ Energy acquisition, we have developed a go-to-market strategy to grow market share in ESS in not only UZ’s existing markets in Europe, Australia and Asia but also in the United States. 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 by building the best AI platform for energy transition.”