ESS Tech, Inc. (GWH) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 24.77M | 26.25M | 11.56M | 11.17M | 23.69M | 43.36M | 68.55M | 84.66M | 98.25M | 118.1M | 131.43M | 105.42M | 125.06M | 151.64M | 171.24M | 199.37M | 220.83M | 245.52M | 15.74M | 6.43M |
| Cash & Short-Term Investments | 21.45M | 22.03M | 3.54M | 797K | 12.8M | 31.6M | 55.11M | 74.44M | 89.55M | 108.06M | 124.5M | 99.5M | 119.01M | 139.81M | 166.74M | 192.16M | 212.33M | 238.94M | 8.02M | 1.82M |
| Cash Only | 15.49M | 14.48M | 3.54M | 797K | 8.42M | 13.34M | 12.82M | 36.74M | 36.33M | 20.16M | 37.17M | 30.29M | 87.81M | 34.77M | 42.9M | 112.71M | 212.33M | 238.94M | 8.02M | 1.82M |
| Short-Term Investments | 5.97M | 7.56M | 0 | 0 | 4.38M | 18.26M | 42.29M | 37.7M | 53.22M | 87.9M | 87.33M | 69.22M | 31.2M | 105.05M | 123.84M | 79.46M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 37K | 1.45M | 108K | 148K | 253K | 2.42M | 413K | 981K | 1.04M | 2.24M | 1.26M | 1.39M | 689K | 4.95M | 80K | 2.55M | 2.93M | 517K | 0 | 0 |
| Days Sales Outstanding | 522.07 | -45.07 | 55.03 | 7.74 | 200.58 | 45.68 | 178.62 | 264.11 | 54.54 | 57.71 | 79.14 | 33.51 | 682.38 | 14.47K | 629.39 | 363.14 | - | - | - | - |
| Inventory | 123K | 140K | 4.65M | 4.67M | 6.88M | 5.64M | 7.04M | 4.42M | 3.16M | 3.37M | 2.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 1.65 | 15.92 | 86.85 | 70.49 | 64.44 | 36.36 | 41.38 | 29.38 | 26.69 | 25.08 | 20.38 | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 3.16M | 2.63M | 3.26M | 5.55M | 3.75M | 1.52M | 5.99M | 4.81M | 4.49M | 3.9M | 3.41M | 4.52M | 1.98M | 4.84M | 4.38M | 3.43M | 3.18M | 1.48M | 1.22M | 1.22M |
| Total Non-Current Assets | 23.8M | 24.93M | 24.59M | 28.45M | 29.89M | 28.45M | 28.14M | 26.47M | 25.39M | 25.13M | 27.23M | 22.34M | 22.39M | 21.92M | 20.62M | 16.75M | 14.65M | 4.68M | 2.08M | 1.81M |
| Property, Plant & Equipment | 19.63M | 20.99M | 18.88M | 22.66M | 23.65M | 22.09M | 21.71M | 19.95M | 18.77M | 18.43M | 20.47M | 21.28M | 21.48M | 20.97M | 19.64M | 16.41M | 14.32M | 4.5M | 2.01M | 1.74M |
| Fixed Asset Turnover | 0.01x | -0.08x | 0.01x | 0.10x | 0.03x | 0.13x | 0.02x | 0.02x | 0.15x | 0.14x | 0.07x | 0.13x | 0.02x | 0.00x | 0.01x | 0.04x | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.62M | 2.68M | 4.46M | 4.52M | 4.59M | 4.66M | 4.72M | 4.79M | 4.86M | 4.92M | 4.99M | 0 | 0 | 183K | 138K | 30K | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 944K | 0 | 675K | 675K | 0 | 75K | 0 | 0 | 0 |
| Other Non-Current Assets | 1.55M | 1.25M | 1.26M | 1.26M | 1.65M | 1.71M | 1.71M | 1.73M | 1.76M | 1.78M | 1.77M | 115K | 915K | 946K | 980K | 309K | 261K | 180K | 75K | 75K |
| Total Assets | 48.57M | 51.17M | 36.15M | 39.62M | 53.58M | 71.81M | 96.7M | 111.13M | 123.63M | 143.23M | 158.66M | 127.76M | 147.45M | 173.55M | 191.86M | 216.12M | 235.48M | 250.2M | 17.82M | 8.24M |
| Asset Turnover | 0.00x | -0.04x | 0.01x | 0.05x | 0.01x | 0.03x | 0.00x | 0.00x | 0.02x | 0.02x | 0.01x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | - | - | - | - |
| Asset Growth % | -9.35% | -28.74% | -62.62% | -64.35% | -56.66% | -49.86% | -39.05% | -13.01% | -16.15% | -17.47% | -17.31% | -40.89% | -37.38% | -30.63% | 976.44% | 2522.55% | 1512.46% | 2672.9% | -92.93% | 265.33% |
| Total Current Liabilities | 23.01M | 25.29M | 23.8M | 23.96M | 22.25M | 27.6M | 32.08M | 26M | 19.89M | 19.77M | 18.64M | 22.7M | 23.02M | 27.99M | 22.13M | 22.01M | 18.35M | 13.62M | 31.05M | 12.57M |
| Accounts Payable | 1.33M | 3.02M | 9.47M | 10.63M | 10.21M | 8.07M | 10.94M | 5.83M | 2.91M | 2.75M | 3.19M | 2.84M | 2.7M | 3.04M | 1.09M | 1.44M | 1.75M | 1.57M | 3.04M | 1.86M |
| Days Payables Outstanding | 27.35 | 41.48 | 187.17 | 127.15 | 94.08 | 54.52 | 60.55 | 33.86 | 23.17 | 26.53 | 27.24 | - | - | 189.65 | 324.57 | 264.52 | - | 370.65 | - | - |
| Short-Term Debt | 1.85M | 1.78M | 439K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.63M | 1.52M | 1.6M | 3.69M | 2.83M | 3.13M | 1.9M | 23.41M | 5.53M |
| Deferred Revenue (Current) | 346K | 359K | 1.33M | 1.38M | 1.36M | 5.24M | 6.03M | 5.69M | 5.55M | 2.55M | 1.42M | 3.17M | 5.93M | 6.17M | 3.55M | 0 | 6.86M | 3.66M | 0 | 0 |
| Other Current Liabilities | 19.48M | 20.13M | 12.57M | 879K | 657K | 1.08M | 8.79M | 524K | 354K | 7.2M | 3.24M | 9.35M | 299K | 12.82M | 8.98M | 8.95M | 3.75M | 683K | 0 | 0 |
| Current Ratio | 1.08x | 1.04x | 0.49x | 0.47x | 1.07x | 1.57x | 2.14x | 3.26x | 4.94x | 5.97x | 7.05x | 4.64x | 5.43x | 5.42x | 7.74x | 9.06x | 12.04x | 18.02x | 0.51x | 0.51x |
| Quick Ratio | 1.07x | 1.03x | 0.29x | 0.27x | 0.76x | 1.37x | 1.92x | 3.09x | 4.78x | 5.80x | 6.93x | 4.64x | 5.43x | 5.42x | 7.74x | 9.06x | 12.04x | 18.02x | 0.51x | 0.51x |
| Cash Conversion Cycle | 496.37 | -70.64 | -45.29 | -48.92 | 170.95 | 27.52 | 159.45 | 259.63 | 58.07 | 56.26 | 72.28 | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 16.11M | 17.26M | 14.11M | 12.36M | 19.26M | 15.73M | 15.42M | 16.09M | 15.93M | 20.11M | 23.56M | 7.75M | 7.19M | 8.59M | 11.48M | 7.26M | 17.69M | 31.42M | 5.92M | 3.41M |
| Long-Term Debt | 1.57M | 2.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 315K | 0 | 0 | 1.48M | 1.87M | 2.25M | 11K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 451K | 884K | 610K | 957K | 1.36M | 1.77M | 2.15M | 2.54M | 2.9M | 3.26M | 3.61M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 405K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 14.55M | 15.2M | 14.11M | 541K | 1.02M | 927K | 567K | 802K | 917K | 917K | 2.29M | 2.64M | 2.6M | 3.29M | 8.57M | 3.99M | 12.59M | 29.55M | 3.66M | 3.4M |
| Total Liabilities | 39.13M | 42.55M | 37.91M | 36.31M | 41.5M | 42.93M | 47.5M | 42.09M | 35.81M | 39.88M | 42.2M | 30.46M | 30.21M | 36.58M | 33.6M | 29.27M | 36.03M | 45.04M | 36.96M | 15.98M |
| Total Debt | 3.42M | 3.84M | 439K | 872K | 1.29M | 1.69M | 2.08M | 2.46M | 2.16M | 2.54M | 2.91M | 5.89M | 5.14M | 5.87M | 7.98M | 7.44M | 9.53M | 3.77M | 25.67M | 5.54M |
| Net Debt | -12.07M | -10.63M | -3.1M | 75K | -7.13M | -11.65M | -10.74M | -34.29M | -34.17M | -17.63M | -34.27M | -24.39M | -82.67M | -28.9M | -34.92M | -105.27M | -202.8M | -235.17M | 17.65M | 3.72M |
| Debt / Equity | 0.36x | 0.45x | - | 0.26x | 0.11x | 0.06x | 0.04x | 0.04x | 0.02x | 0.02x | 0.02x | 0.06x | 0.04x | 0.04x | 0.05x | 0.04x | 0.05x | 0.02x | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -5.52x | -3.09x | -21.75x | - | - | - | - | - | - | - | - | - | - | - | - | - | -765.10x | -935.40x | -6.98x | -188.04x |
| Total Equity | 9.45M | 8.62M | -1.77M | 3.3M | 12.08M | 28.88M | 49.2M | 69.04M | 87.82M | 103.36M | 116.46M | 97.3M | 117.24M | 136.97M | 158.26M | 186.85M | 199.45M | 205.16M | -19.14M | -7.74M |
| Equity Growth % | -21.8% | -70.16% | -103.59% | -95.21% | -86.25% | -72.05% | -57.75% | -29.04% | -25.09% | -24.54% | -26.41% | -47.93% | -41.22% | -33.24% | 926.95% | 2513.51% | 9361.53% | 12548.97% | -107.89% | -11.04% |
| Book Value per Share | 0.32 | 0.43 | -0.12 | 0.27 | 1.00 | 0.16 | 0.28 | 0.39 | 0.50 | 0.60 | 0.74 | 0.63 | 0.76 | 0.89 | 1.04 | 1.22 | 1.31 | 1.51 | -0.61 | -3.72 |
| Total Shareholders' Equity | 9.45M | 8.62M | -1.77M | 3.3M | 12.08M | 28.88M | 49.2M | 69.04M | 87.82M | 103.36M | 116.46M | 97.3M | 117.24M | 136.97M | 158.26M | 186.85M | 199.45M | 205.16M | -19.14M | -7.74M |
| Common Stock | 232K | 575K | 460K | 1K | 1K | 1K | 1K | 18K | 18K | 18K | 18K | 16K | 16K | 16K | 16K | 16K | 16K | 16K | 1K | 1K |
| Retained Earnings | -861.74M | -845.82M | -821.84M | -811.46M | -800.4M | -782.38M | -758.9M | -736.41M | -714.47M | -696.16M | -680.03M | -663.41M | -640.48M | -618.58M | -593.5M | -561.91M | -546.32M | -540.61M | -360.18M | -308.85M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |