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Side-by-side financial comparison of Peraso Inc. (PRSO) and SES AI Corp (SES). Click either name above to swap in a different company.
SES AI Corp is the larger business by last-quarter revenue ($4.6M vs $2.9M, roughly 1.6× Peraso Inc.). Peraso Inc. runs the higher net margin — -43.3% vs -373.5%, a 330.1% gap on every dollar of revenue.
Peraso Inc. is a semiconductor technology firm specializing in the design and production of high-performance millimeter wave (mmWave) integrated circuits and modules. It delivers 5G and next-generation wireless connectivity solutions for telecom infrastructure, industrial IoT, fixed wireless access and consumer electronics segments, serving customers across North America, Asia Pacific and European markets.
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.
PRSO vs SES — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9M | $4.6M |
| Net Profit | $-1.2M | $-17.0M |
| Gross Margin | 52.2% | 11.3% |
| Operating Margin | -44.6% | -387.7% |
| Net Margin | -43.3% | -373.5% |
| Revenue YoY | -22.0% | — |
| Net Profit YoY | 20.3% | 50.7% |
| EPS (diluted) | $-0.09 | $-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.
| Q4 25 | $2.9M | $4.6M | ||
| Q3 25 | $3.2M | $7.1M | ||
| Q2 25 | $2.2M | $3.5M | ||
| Q1 25 | $3.9M | $5.8M | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $3.8M | — | ||
| Q2 24 | $4.2M | — | ||
| Q1 24 | $2.8M | — |
| Q4 25 | $-1.2M | $-17.0M | ||
| Q3 25 | $-1.2M | $-20.9M | ||
| Q2 25 | $-1.8M | $-22.7M | ||
| Q1 25 | $-471.0K | $-12.4M | ||
| Q4 24 | $-1.6M | — | ||
| Q3 24 | $-2.7M | — | ||
| Q2 24 | $-4.4M | — | ||
| Q1 24 | $-2.0M | — |
| Q4 25 | 52.2% | 11.3% | ||
| Q3 25 | 56.2% | 51.1% | ||
| Q2 25 | 48.3% | 73.7% | ||
| Q1 25 | 69.3% | 78.7% | ||
| Q4 24 | 56.3% | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | 55.5% | — | ||
| Q1 24 | 46.4% | — |
| Q4 25 | -44.6% | -387.7% | ||
| Q3 25 | -36.8% | -262.0% | ||
| Q2 25 | -80.0% | -652.3% | ||
| Q1 25 | -13.3% | -401.7% | ||
| Q4 24 | -44.3% | — | ||
| Q3 24 | -70.3% | — | ||
| Q2 24 | -105.6% | — | ||
| Q1 24 | -128.9% | — |
| Q4 25 | -43.3% | -373.5% | ||
| Q3 25 | -37.4% | -293.9% | ||
| Q2 25 | -82.4% | -642.2% | ||
| Q1 25 | -12.2% | -214.6% | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | -70.6% | — | ||
| Q2 24 | -104.4% | — | ||
| Q1 24 | -72.1% | — |
| Q4 25 | $-0.09 | $-0.05 | ||
| Q3 25 | $-0.17 | $-0.06 | ||
| Q2 25 | $-0.31 | $-0.07 | ||
| Q1 25 | $-0.10 | $-0.04 | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $-0.98 | — | ||
| Q2 24 | $-1.88 | — | ||
| Q1 24 | $-1.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | $29.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.6M | $214.8M |
| Total Assets | $6.1M | $272.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $29.5M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | — | $11.8M | ||
| Q1 25 | — | $56.1M | ||
| Q4 24 | $3.3M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $1.9M | — | ||
| Q1 24 | $2.4M | — |
| Q4 25 | $4.6M | $214.8M | ||
| Q3 25 | $3.6M | $228.2M | ||
| Q2 25 | $3.0M | $249.2M | ||
| Q1 25 | $3.6M | $269.9M | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $2.0M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $6.7M | — |
| Q4 25 | $6.1M | $272.6M | ||
| Q3 25 | $6.2M | $288.8M | ||
| Q2 25 | $5.5M | $290.5M | ||
| Q1 25 | $6.7M | $306.0M | ||
| Q4 24 | $7.2M | — | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $9.8M | — | ||
| Q1 24 | $11.5M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.1M | $-10.4M |
| Free Cash FlowOCF − Capex | — | $-11.1M |
| FCF MarginFCF / Revenue | — | -243.7% |
| Capex IntensityCapex / Revenue | — | 15.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | $-10.4M | ||
| Q3 25 | $-1.5M | $-14.3M | ||
| Q2 25 | $-2.0M | $-10.8M | ||
| Q1 25 | $-966.0K | $-22.8M | ||
| Q4 24 | $-687.0K | — | ||
| Q3 24 | $-683.0K | — | ||
| Q2 24 | $-659.0K | — | ||
| Q1 24 | $-2.5M | — |
| Q4 25 | — | $-11.1M | ||
| Q3 25 | $-1.6M | $-14.7M | ||
| Q2 25 | — | $-11.6M | ||
| Q1 25 | — | $-23.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -243.7% | ||
| Q3 25 | -48.9% | -206.9% | ||
| Q2 25 | — | -329.6% | ||
| Q1 25 | — | -410.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 15.6% | ||
| Q3 25 | 1.1% | 6.0% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRSO
| Products | $2.8M | 96% |
| Other | $105.0K | 4% |
SES
Segment breakdown not available.
