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Side-by-side financial comparison of Prelude Therapeutics Inc (PRLD) and SES AI Corp (SES). Click either name above to swap in a different company.

Prelude Therapeutics Inc is the larger business by last-quarter revenue ($6.5M vs $4.6M, roughly 1.4× SES AI Corp). Prelude Therapeutics Inc runs the higher net margin — -303.5% vs -373.5%, a 70.0% gap on every dollar of revenue.

SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.

PRLD vs SES — Head-to-Head

Bigger by revenue
PRLD
PRLD
1.4× larger
PRLD
$6.5M
$4.6M
SES
Higher net margin
PRLD
PRLD
70.0% more per $
PRLD
-303.5%
-373.5%
SES

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PRLD
PRLD
SES
SES
Revenue
$6.5M
$4.6M
Net Profit
$-19.7M
$-17.0M
Gross Margin
11.3%
Operating Margin
-314.1%
-387.7%
Net Margin
-303.5%
-373.5%
Revenue YoY
116.7%
Net Profit YoY
38.9%
50.7%
EPS (diluted)
$-0.26
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRLD
PRLD
SES
SES
Q4 25
$4.6M
Q3 25
$6.5M
$7.1M
Q2 25
$3.5M
Q1 25
$5.8M
Q3 24
$3.0M
Net Profit
PRLD
PRLD
SES
SES
Q4 25
$-17.0M
Q3 25
$-19.7M
$-20.9M
Q2 25
$-22.7M
Q1 25
$-12.4M
Q3 24
$-32.3M
Gross Margin
PRLD
PRLD
SES
SES
Q4 25
11.3%
Q3 25
51.1%
Q2 25
73.7%
Q1 25
78.7%
Q3 24
Operating Margin
PRLD
PRLD
SES
SES
Q4 25
-387.7%
Q3 25
-314.1%
-262.0%
Q2 25
-652.3%
Q1 25
-401.7%
Q3 24
-1145.9%
Net Margin
PRLD
PRLD
SES
SES
Q4 25
-373.5%
Q3 25
-303.5%
-293.9%
Q2 25
-642.2%
Q1 25
-214.6%
Q3 24
-1075.7%
EPS (diluted)
PRLD
PRLD
SES
SES
Q4 25
$-0.05
Q3 25
$-0.26
$-0.06
Q2 25
$-0.07
Q1 25
$-0.04
Q3 24
$-0.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRLD
PRLD
SES
SES
Cash + ST InvestmentsLiquidity on hand
$55.0M
$29.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$214.8M
Total Assets
$94.8M
$272.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRLD
PRLD
SES
SES
Q4 25
$29.5M
Q3 25
$55.0M
$35.3M
Q2 25
$11.8M
Q1 25
$56.1M
Q3 24
$153.6M
Stockholders' Equity
PRLD
PRLD
SES
SES
Q4 25
$214.8M
Q3 25
$58.5M
$228.2M
Q2 25
$249.2M
Q1 25
$269.9M
Q3 24
$156.4M
Total Assets
PRLD
PRLD
SES
SES
Q4 25
$272.6M
Q3 25
$94.8M
$288.8M
Q2 25
$290.5M
Q1 25
$306.0M
Q3 24
$197.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRLD
PRLD
SES
SES
Operating Cash FlowLast quarter
$-19.1M
$-10.4M
Free Cash FlowOCF − Capex
$-11.1M
FCF MarginFCF / Revenue
-243.7%
Capex IntensityCapex / Revenue
0.0%
15.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-61.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRLD
PRLD
SES
SES
Q4 25
$-10.4M
Q3 25
$-19.1M
$-14.3M
Q2 25
$-10.8M
Q1 25
$-22.8M
Q3 24
$-27.3M
Free Cash Flow
PRLD
PRLD
SES
SES
Q4 25
$-11.1M
Q3 25
$-14.7M
Q2 25
$-11.6M
Q1 25
$-23.7M
Q3 24
$-27.4M
FCF Margin
PRLD
PRLD
SES
SES
Q4 25
-243.7%
Q3 25
-206.9%
Q2 25
-329.6%
Q1 25
-410.0%
Q3 24
-912.0%
Capex Intensity
PRLD
PRLD
SES
SES
Q4 25
15.6%
Q3 25
0.0%
6.0%
Q2 25
22.8%
Q1 25
15.8%
Q3 24
2.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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