ESS Tech, Inc. (GWH) — Financial statements
Income statement, balance sheet, and cash flow for ESS Tech, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2↓74.9% | 6↓16.5% | 8↑743.4% | 0.89 | 0.00 | |
| Cost of Revenue | 35↓32.2% | 52↑152.0% | 20 | 0.00↓100.0% | 0.57 | |
| Gross Profit | -33↑26.3% | -45↓250.1% | -13↓1549.1% | 0.89↑256.3% | -0.57 | |
| Operating Expenses | ||||||
| R&D Expenses | 8↓29.5% | 12↓72.4% | 43↓40.8% | 72↑137.8% | 30 | |
| General & Administrative Expenses | 18↓25.1% | 24↑4.1% | 23↓17.8% | 27 | 0.00 | |
| Selling & Marketing Expenses | 4↓58.1% | 9↑18.3% | 8↑11.6% | 7 | 0.00 | |
| SG&A Expenses | 21↓34.4% | 33↑7.8% | 30↓11.9% | 34↑15.6% | 30 | |
| Other Expenses | -7 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 22↓49.8% | 44↓39.1% | 73↓31.4% | 106↑77.2% | 60 | |
| Total Costs & Expenses | 57↓40.4% | 96↑2.8% | 93↓12.2% | 106↑75.5% | 61 | |
| Operating Results | ||||||
| Operating Income | -56↑38.0% | -90↓4.5% | -86↑18.6% | -105↓74.1% | -61 | |
| Depreciation & Amortization | 6↑21.5% | 5↓27.5% | 7↑327.6% | 2↑166.3% | 0.57 | |
| EBITDA | -50↑41.3% | -85↓7.2% | -79↑23.6% | -104↑78.1% | -475 | |
| EBIT | -56↑38.0% | -90↓4.5% | -86↑18.6% | -105↑77.8% | -475 | |
| Interest & Other Income | ||||||
| Net Interest Income | -5↓252.6% | 4↓32.1% | 5↑140.6% | 2 | 0.00 | |
| Interest Income | 0.00↓100.0% | 4↓32.1% | 5↑140.6% | 2↑16.0% | 2 | |
| Interest Expense | 5 | 0.00 | 0.00 | 0.00↓100.0% | 2 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 415 | |
| Other Income / Expenses | -8↓316.4% | 4↓57.1% | 8↓69.7% | 28↑106.6% | -417 | |
| Income Before Tax | -63↑26.4% | -86↓11.1% | -78↑0.5% | -78↑83.7% | -477 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -63↑26.4% | -86↓11.1% | -78↑0.5% | -78↑83.7% | -477 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -63↑26.4% | -86↓11.1% | -78↑0.5% | -78↑83.7% | -477 | |
| Bottom-Line Net Income | -63↑26.4% | -86↓11.1% | -78↑0.5% | -78↑83.7% | -477 | |
| EPS (Basic) | -4.34↑40.7% | -7.32↓1425.0% | -0.48↑93.7% | -7.66↑86.9% | -58.53 | |
| EPS (Diluted) | -4.34↑40.7% | -7.32↓1425.0% | -0.48↑93.7% | -7.66↑86.9% | -58.53 | |
| Weighted Average Shares | 15↓91.7% | 177↑10.4% | 160↑4.8% | 153↑83.4% | 83 | |
| Weighted Average Diluted Shares | 15↓91.7% | 177↑10.4% | 160↑4.8% | 153↑83.4% | 83 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.