GWH
ESS Tech Inc
NYSE: GWH · INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS
$1.10
+2.80% today
Updated 2026-04-30
Market cap
$33.23M
P/E ratio
—
P/S ratio
20.99x
EPS (TTM)
$-4.34
Dividend yield
—
52W range
$1 – $11
Volume
0.5M
ESS Tech Inc (GWH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $686000.00 | $894000.00 | $7.54M | $6.29M | $1.58M |
| Revenue growth (YoY) | — | — | — | +30.3% | +743.4% | -16.5% | -74.9% |
| Cost of revenue | — | $436000.00 | $572000.00 | $2.66M | $20.50M | $51.65M | $34.99M |
| Gross profit | — | $-436000.00 | $-572000.00 | $894000.00 | $-12.96M | $-45.36M | $-33.41M |
| Gross margin | — | — | -83.4% | 100.0% | -171.8% | -720.5% | -2110.7% |
| R&D | $6.66M | $12.90M | $30.27M | $71.98M | $42.63M | $11.77M | $8.30M |
| SG&A | $1.27M | $3.34M | $27.31M | $27.47M | $22.57M | $23.51M | $17.60M |
| Operating income | $-9.89M | $-17.39M | $-60.60M | $-105.49M | $-85.91M | $-89.80M | $-55.70M |
| Operating margin | — | — | -8834.1% | -11800.0% | -1139.3% | -1426.5% | -3518.6% |
| EBITDA | $-9.63M | $-29.85M | $-474.66M | $-103.97M | $-79.39M | $-85.07M | $-49.96M |
| EBITDA margin | — | — | -69192.3% | -11629.6% | -1052.9% | -1351.5% | -3156.0% |
| EBIT | $-9.89M | $-30.29M | $-475.23M | $-105.49M | $-85.91M | $-89.80M | $-55.70M |
| Interest expense | $0.00 | $132000.00 | $1.89M | $2.19M | — | — | $5.46M |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-11.55M | $-30.42M | $-477.12M | $-77.97M | $-77.58M | $-86.22M | $-63.44M |
| Net income growth (YoY) | — | -163.5% | -1468.5% | +83.7% | +0.5% | -11.1% | +26.4% |
| Profit margin | — | — | -69550.6% | -8721.4% | -1028.9% | -1369.7% | -4007.6% |