ESS Tech, Inc.
ESS Tech, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | - | - | - | -7 | 8 | 4 | 0 | 0 | 0 | 0 | 4 | 0 | |||||
Assets | |||||||||||||||||
Nonrelated Party | - | - | - | - | - | 4 | 0 | 0 | 0 | 0 | 4 | 5 | |||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 11 | 15 | 14 | 4 | 1 | 8 | 13 | 13 | 37 | 36 | 20 | 37 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Accounts Receivable Net Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | |||||
Trading Securities Debt | 0 | 6 | 8 | 0 | 0 | 4 | 18 | 42 | 38 | 53 | 88 | 87 | |||||
Inventory Net | 0 | 0 | 0 | 5 | 5 | 7 | 6 | 7 | 4 | 3 | 3 | 2 | |||||
Prepaid Expense And Other Assets Current | 2 | 2 | 3 | 2 | 5 | 3 | 5 | 5 | 4 | 4 | 3 | 2 | |||||
Assets Current | 14 | 25 | 26 | 12 | 11 | 24 | 43 | 69 | 85 | 98 | 118 | 131 | |||||
Property Plant And Equipment Net | 12 | 16 | 17 | 18 | 22 | 23 | 21 | 20 | 18 | 17 | 16 | 18 | |||||
Intangible Assets Net Excluding Goodwill | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Operating Lease Right Of Use Asset | 3 | 3 | 4 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Restricted Cash And Cash Equivalents Noncurrent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Other Assets Noncurrent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Assets | 32 | 49 | 51 | 36 | 40 | 54 | 72 | 97 | 111 | 124 | 143 | 159 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 1 | 1 | 3 | 9 | 11 | 10 | 8 | 11 | 6 | 3 | 3 | 3 | |||||
Product Warranty Accrual Classified Current | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 3 | |||||
Operating Lease Liability Current | 2 | 2 | 2 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Contract With Customer Liability Current | 0 | 0 | 0 | 1 | 1 | 1 | 5 | 6 | 6 | 6 | 3 | 1 | |||||
Notes Payable Current | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Finance Lease Liability Current | - | 9 | 8 | 2 | - | - | 0 | - | - | - | - | - | |||||
Liabilities Current | 20 | 23 | 25 | 24 | 24 | 22 | 28 | 32 | 26 | 20 | 20 | 19 | |||||
Operating Lease Liability Noncurrent | 1 | 2 | 2 | - | - | - | 0 | 0 | 1 | 1 | 1 | 1 | |||||
Long Term Debt Noncurrent | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Contract With Customer Liability Noncurrent | 5 | 5 | 5 | 5 | 12 | 18 | 14 | 14 | 14 | 14 | 18 | 20 | |||||
Finance Lease Liability Noncurrent | - | 9 | 9 | 8 | - | - | 0 | - | - | - | - | - | |||||
Other Liabilities Noncurrent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 0 | 0 | |||||
Liabilities | 35 | 39 | 43 | 38 | 36 | 42 | 43 | 47 | 42 | 36 | 40 | 42 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 875 | 871 | 854 | 820 | 815 | 812 | 811 | 808 | 805 | 802 | 800 | 796 | |||||
Retained Earnings Accumulated Deficit | -877 | -862 | -846 | -822 | -811 | -800 | -782 | -759 | -736 | -714 | -696 | -680 | |||||
Stockholders Equity | -3 | 9 | 9 | -2 | 3 | 12 | 29 | 49 | 69 | 88 | 103 | 116 | |||||
Liabilities And Stockholders Equity | 32 | 49 | 51 | 36 | 40 | 54 | 72 | 97 | 111 | 124 | 143 | 159 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 | 2,000 | 2,000 | 1,000 | 2,000 | |||||
Common Stock Shares Issued | 33 | 28 | 22 | 15 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | |||||
Shares Outstanding | 33 | 28 | 22 | 15 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.82% | -24.11% | -32.95% | - | - | - | - | - | - | - | - | - |
| 2025 | -52.34% | -32.03% | -33.20% | -19.88% | 0.58% | 141.52% | -49.18% | -52.71% | -58.82% | -16.91% | -16.18% | -29.56% |
| 2024 | -5.10% | 4.20% | -1.91% | -42.12% | -34.93% | -23.35% | -25.78% | -13.51% | -24.83% | -30.37% | -38.34% | -67.18% |
| 2023 | - | - | - | - | - | - | -10.53% | -21.05% | -32.33% | -4.92% | 7.24% | -3.62% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.68 | 1.08 | 1.04 | 0.49 | 0.47 | 1.07 | 1.57 | 2.14 | 3.26 | 4.94 | 5.97 | 7.05 | |||||
| Quick Ratio | 0.58 | 0.97 | 0.90 | 0.19 | 0.08 | 0.63 | 1.19 | 1.76 | 2.94 | 4.60 | 5.64 | 6.82 | |||||
| Working Capital | -6.41M | 1.76M | 955.00K | -12.25M | -12.79M | 1.45M | 15.76M | 36.48M | 58.66M | 78.36M | 98.33M | 112.79M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -13.09 | 4.14 | 4.94 | -21.46 | 10.99 | 3.44 | 1.49 | 0.97 | 0.61 | 0.41 | 0.39 | 0.36 | |||||
| Interest Coverage TTM | -6.44 | -6.45 | -9.65 | -53.49 | -50.28 | -34.67 | -25.13 | -18.47 | -16.06 | -15.41 | -16.33 | -19.95 | |||||
| Debt Ratio | 1.08 | 0.81 | 0.83 | 1.05 | 0.92 | 0.77 | 0.60 | 0.49 | 0.38 | 0.29 | 0.28 | 0.27 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | -0.03 | 0.02 | 0.03 | 0.09 | 0.08 | 0.05 | 0.06 | 0.05 | 0.06 | 0.07 | 0.05 | 0.03 | |||||
| Days Sales Outstanding TTM | -24.58 | 47.59 | 26.29 | 15.79 | 33.42 | 56.73 | 63.93 | 49.07 | 58.34 | 31.84 | 168.03 | 51.57 | |||||
| Receivables Turnover TTM | -14.85 | 7.67 | 13.89 | 23.11 | 10.92 | 6.43 | 5.71 | 7.44 | 6.26 | 11.47 | 2.17 | 7.08 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -1.95 | -2.09 | -4.34 | -4.45 | -6.12 | -7.14 | -7.32 | -6.68 | -6.23 | -6.36 | -7.27 | -8.26 | |||||
| Free Cash Flow Per Share TTM | -1.53 | -1.71 | -3.74 | -3.06 | -4.64 | -6.54 | -6.75 | -6.20 | -4.73 | -5.11 | -5.69 | -6.78 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 2,462.32% | -2,388.76% | -1,748.07% | -517.54% | -629.55% | -1,085.59% | -720.54% | -635.89% | -483.94% | -219.21% | -171.82% | -99.52% | |||||
| Operating Profit Margin TTM | 4,826.77% | -4,769.87% | -3,626.47% | -1,046.52% | -1,246.87% | -2,128.25% | -1,426.50% | -1,367.83% | -1,074.70% | -816.68% | -1,139.32% | -2,063.80% | |||||
| Net Profit Margin TTM | 5,612.36% | -5,515.83% | -4,007.58% | -1,045.27% | -1,217.22% | -2,067.81% | -1,369.69% | -1,263.79% | -982.87% | -746.89% | -1,028.89% | -1,817.71% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -119.02% | -73.24% | -74.85% | -3.53% | -16.98% | -58.05% | -16.51% | 31.11% | 117.99% | 682.46% | 743.40% | 442.14% | |||||
| Net Income Growth (1Y) | -12.29% | -28.63% | -26.42% | -20.21% | 2.82% | 16.15% | 11.14% | -8.84% | -28.08% | -21.43% | -0.50% | -62.92% | |||||
| EPS Growth (1Y) | -68.18% | -70.68% | -40.67% | -33.40% | -1.83% | 12.30% | 0.67% | -19.20% | -36.59% | -30.57% | -4.98% | -63.89% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -0.49 | -0.56 | -0.43 | -0.34 | -0.22 | -0.46 | -0.80 | -0.95 | -1.97 | -1.71 | -2.35 | -3.41 | |||||
| P/B TTM | -11.96 | 3.63 | 3.19 | -12.18 | 4.94 | 3.25 | 2.40 | 1.52 | 2.08 | 1.44 | 1.76 | 2.54 | |||||
| P/S TTM | -27.39 | 30.82 | 17.34 | 3.57 | 2.65 | 9.44 | 11.00 | 11.96 | 19.36 | 12.74 | 24.18 | 62.04 | |||||
| Market Cap | 32.13M | 34.27M | 27.45M | 21.51M | 16.32M | 39.23M | 69.23M | 74.67M | 143.77M | 126.17M | 182.35M | 295.30M | |||||
| Enterprise Value | 19.56M | 35.10M | 47.79M | 27.07M | 14.00M | 29.03M | 54.03M | 59.99M | 107.03M | 87.99M | 159.87M | 255.81M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -51.72M | -49.96M | -54.57M | -43.35M | -56.97M | -78.65M | -79.51M | -73.29M | -55.41M | -59.43M | -60.69M | -70.95M | |||||
| Net Debt | -12.57M | 824.00K | 20.34M | 5.56M | -2.32M | -10.20M | -15.20M | -14.68M | -36.74M | -38.18M | -22.48M | -39.49M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
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| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
ESS Tech, Inc. (GWH) — SEC Financial Statements & Analysis
ESS Tech, Inc. (GWH) is a miscellaneous electrical machinery, equipment & supplies company, incorporated in DE. ESS Tech, Inc. trades on NYSE, OTC as: GWH, GWHWW. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), ESS Tech, Inc. reported a -119.02% year-over-year revenue growth, a Gross Profit Margin of 2462.32% (TTM), a Debt-to-Equity ratio of -13.09x, a Price-to-Sales (P/S) ratio of -27.39x (TTM), a Price-to-Book (P/B) ratio of -11.96x (TTM), at a market cap of $32.13M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -119.02%
- Gross Profit Margin TTM
- 2462.32%
- Debt To Equity
- -13.09x
- P/S TTM
- -27.39x
- P/B TTM
- -11.96x
- Market Cap
- $32.13M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is ESS Tech, Inc. in?
ESS Tech, Inc. (GWH) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry.
What is GWH's market cap?
ESS Tech, Inc. (GWH) has a market capitalization of $32.13M as of 2026-06-30.
What exchange does GWH trade on?
ESS Tech, Inc. (GWH) trades on the NYSE, OTC.
Where is ESS Tech, Inc. incorporated?
ESS Tech, Inc. is incorporated in DE.