Company / R&D Expense
SES AI Corp R&D Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$67.0M
FY2025
5-year range
$15.5M / $67.0M
FY2021-FY2025
Trend
+118.6%
vs FY2024
Sector context
#92 of 174
Industrials
What the data says
At $67M, SES AI Corp's r&d expense ranks #92 of 174 in the Industrials sector. Improved from $31M to $67M over the past 2 years.
Based on SEC 10-K filings.
$67M in FY2025 with a 5-year CAGR of +48.0%.
Improved from $31M to $67M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +33.8%
- 5-Year CAGR
- +48.0%
- 10-Year CAGR
- -
Sector benchmark
#92 of 174 in IndustrialsTop 53% of 174This company $67.0M Sector average $273.7M
▼
-75.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +48.0%, indicating consistent growth.
- In FY2025, r&d expense increased 118.6% year-over-year.
- Ranks #92 out of 174 companies in the Industrials sector.
- Lowest r&d expense in the period was in FY2020.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.04 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $67.0M | +118.6% |
| FY2024 | $30.7M | +0.0% |
| FY2023 | $30.7M | +9.7% |
| FY2022 | $28.0M | +80.3% |
| FY2021 | $15.5M | +64.3% |
| FY2020 | $9.4M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026