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ESS Tech(NYSE) GWH

Current Price$0.87
Market Cap$24.57MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2020)-99%
5 YearN/A
1 Year-46%
1 Month+6%
ESS Tech last closing stock price
MetricPriceDate
Last closeUSD 0.842026-07-20
ESS Tech stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.71%USD 0.812026-07-13
1 month+5.57%USD 0.792026-06-18
3 month-25.37%USD 1.122026-04-21
Year to date-55.54%USD 1.882025-12-31
1 year-46.42%USD 1.562025-07-18
3 year-96.9%USD 27.002023-07-21
Since inception-99.44%USD 148.502020-11-30

ESS Tech Financials at a Glance

Market Cap

$24.57MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.11M

Net Income (TTM)

-$61.34M

EPS (TTM)

-$3.38

P/E Ratio

-0.25

Dividend

$0.00

Beta (Volatility)

1.82 (High)

Price

$0.87

Volume

7,710

Open

$0.84

Previous Close

$0.84

Daily Range

$0.83 - $0.87

52-Week Range

$0.57 - $13.87

Estimated Earnings Date

Aug 13, 2026

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About ESS Tech

ESS Tech makes batteries that store electricity for businesses and utilities. Its products help companies use more renewable energy and avoid power outages. These batteries are designed for long-term, large-scale energy storage needs.

Power Moves: Products and Services

  • Energy Warehouse: Behind-the-meter battery for businesses; stores energy for use during outages or peak demand. (Revenue share not disclosed)
  • Energy Center: Front-of-the-meter battery for utilities and large companies; supports grid stability and renewable integration. (Revenue share not disclosed)
  • Energy Base: New product launched in 2025; offers over 10 hours of energy storage for long-duration needs. (Revenue share not disclosed)
  • Core Technology Components: Battery parts sold for integration into other companies’ systems. (Revenue share not disclosed)
  • Services: Engineering, extended warranty, and maintenance for battery systems. (Minor revenue component)

Growth Spurts: Expansion and Alliances

  • Launched Energy Base, a long-duration storage product, in 2025.
  • Formed joint development and supply agreements with Honeywell in 2023.
  • Raised capital through a sale and leaseback with Honeywell affiliate and equity facilities in 2025.

Why ESS Tech Stands Out

ESS Tech uses iron, salt, and water in its batteries, making them more recyclable than many alternatives. Its proprietary “Proton Pump” addresses technical challenges unique to iron flow batteries. The company’s modular designs allow customers to scale storage to fit different project sizes.

Five Things You Need to Know

  • Q2 2025 revenue was $2.4 million, up 578% from Q2 2024.
  • Net loss for Q2 2025 was $11.1 million, improved 49.6% year-on-year.
  • Operating cash used in H1 2025 was $30.6 million, down 10% year-on-year.
  • Customer B and C made up 97% of H1 2025 revenue.

Bottom Line

ESS Tech focuses on long-duration energy storage using iron flow battery technology. The company is adapting through new products, partnerships, and cost-saving measures amid ongoing financial challenges.

AI Generated • Apr 16, 2026

Industry

Electrical Equipment

Employees

62

CEO

Andrew Buckley, CPA

Headquarters

Wilsonville, OR 97070, US

GWH Financials

Key Financial Metrics (TTM)

Gross Margin

-2904.95%

Operating Margin

-4616.37%

Net Income Margin

-5515.83%

Return on Equity

-1251.69%

Return on Capital

-271.63%

Return on Assets

-126.28%

Earnings Yield

-4.00%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$24.57MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

29.39M

Volume

7.71K

Avg. Volume

831.60K

Financials (TTM)

Gross Profit

-$32.30M

Operating Income

-$51.33M

EBITDA

-$51.55M

Operating Cash Flow

-$45.51M

Capital Expenditure

-$3.56M

Free Cash Flow

-$49.06M

Cash & ST Invst.

$21.46M

Total Debt

$12.46M

ESS Tech Performance Analysis

ESS Tech annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 894,000N/A
20232023-12-31USD 7,540,000743.4%
20242024-12-31USD 6,295,000-16.5%
20252025-12-31USD 1,583,000-74.9%
ESS Tech sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30293.7%
Q32025-09-30-90.9%
Q42025-12-31-842.1%
Q12026-03-31108.1%
ESS Tech annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -7.66-91.1%
20232023-12-31USD -7.27-5.0%
20242024-12-31USD -7.320.7%
20252025-12-31USD -4.34-40.7%
ESS Tech sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3040.0%
Q32025-09-3018.9%
Q42025-12-31-64.4%
Q12026-03-3155.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$128.00K

-78.6%

Gross Profit

-$7.04M

+13.6%

Gross Margin

-54.98%

N/A

Market Cap

$24.57MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$396.23K

N/A

Employees

62

N/A

Net Income

-$15.92M

+11.7%

EBITDA

-$16.04M

+2.7%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$21.46M

+67.6%

Total Debt

$12.46M

+863.8%

Accounts Receivable

$37.00K

-85.4%

Inventory

$123.00K

-98.2%

Long Term Debt

$1.57M

N/A

Short Term Debt

$10.90M

+742.7%

Return on Assets

-1.26%

N/A

Return on Invested Capital

-2.01%

N/A

Free Cash Flow

-$14.39M

+24.3%

Operating Cash Flow

-$13.46M

+26.2%

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Questions About GWH

What is the current price of ESS Tech?

ESS Tech is trading at $0.87 per share.

What is the 52-week range for ESS Tech?

Over the past 52 weeks, ESS Tech has traded between $0.57 and $13.87.

How much debt does ESS Tech have?

As of the most recent reporting period, ESS Tech reported total debt of $21.45M.

How much cash does ESS Tech have on hand?

ESS Tech reported $16.30M in cash and cash equivalents in its most recent financial results.

What is ESS Tech’s dividend yield?

ESS Tech does not currently have a dividend yield.

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