ESS Tech, Inc. (GWH) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | -13.46M | -13.85M | -5.83M | -12.36M | -18.24M | -20.48M | -17.61M | -15.22M | -18.91M | -16.14M | -1.22M | -19.02M | -18.51M | -25M | -22.09M | -15.16M | -19.37M | -23.51M | -13.32M | -8.54M |
| Operating CF Margin % | -10514.84% | 872.42% | -2725.7% | -524.13% | -3044.74% | -718.46% | -4905.85% | -4373.85% | -690.65% | -577.43% | -78.9% | -672.87% | -4975.81% | -156250% | -11503.65% | -2209.77% | - | - | - | - |
| Operating CF Growth % | 26.2% | 32.34% | 66.88% | 18.8% | 3.55% | -26.83% | -1344.79% | 19.98% | -2.16% | 35.42% | 94.48% | -25.48% | 4.46% | -6.36% | -65.83% | -77.49% | -198.84% | -418.21% | -181.05% | -118.44% |
| Net Income | -15.92M | -23.98M | -10.38M | -11.06M | -18.03M | -23.48M | -22.49M | -21.94M | -18.31M | -16.13M | -16.62M | -22.93M | -21.9M | -25.07M | -31.6M | -15.59M | -5.71M | -180.43M | -51.33M | -90.44M |
| Depreciation & Amortization | 2.38M | 1.17M | 1.49M | 1.54M | 1.54M | 1.42M | 781K | 1.3M | 1.22M | 3.33M | 1.08M | 1.3M | 1.37M | 695K | 358K | 267K | 196K | 168K | 140K | 134K |
| Stock-Based Compensation | 1.06M | 1.49M | 1.25M | 1.47M | 1.23M | 3.04M | 2.66M | 3.03M | 2.85M | 2.96M | 2.89M | 0 | 0 | 3.19M | 0 | 2.94M | 2.76M | 7.3M | 260K | 231K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.56M | 7.82M | 871K | 64K | -377K | 248K | 3.4M | 3.14M | -2.62M | -1.77M | 10.44M | 2.16M | 567K | -5.63M | 7.41M | -8.09M | -16.21M | 147.7M | 40.15M | 80.25M |
| Working Capital Changes | -3.54M | -344K | 939K | -4.38M | -2.61M | -1.7M | -1.96M | -753K | -2.05M | -4.53M | 990K | 444K | 1.45M | 1.82M | 1.74M | 5.3M | -406K | 1.76M | -2.55M | 1.29M |
| Change in Receivables | -24K | 94K | 22K | 105K | -19K | 197K | -174K | 217K | 1.31M | -241K | -779K | 323K | 4.33M | -2.32M | -1.4M | 1.06M | 785K | 0 | 0 | 0 |
| Change in Inventory | 17K | 4.51M | -705K | 1.42M | -390K | 1.13M | -6.89M | -4.02M | 1.15M | -1.53M | -13.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.73M | -4.2M | -915K | 771K | 497K | -1.43M | 3.75M | 1.77M | 153K | -504K | 939K | -135K | -529K | 3.07M | -818K | 1.07M | -1.85M | -1.55M | 1.06M | 290.33K |
| Cash from Investing | 725K | -9.81M | 417K | 3.67M | 13.25M | 20.87M | -6.3M | 15.49M | 34.69M | -928K | -17.92M | -38.13M | 72.06M | 16.77M | -46.59M | -84.02M | -4.04M | -2.48M | -115K | -40K |
| Capital Expenditures | -930K | -2.31M | 417K | -729K | -762K | -3.47M | -2.26M | -612K | -953K | -1.58M | -769K | -830K | -2.61M | -2.99M | -2.72M | -4.42M | -4.04M | -2.48M | -115K | -40K |
| CapEx % of Revenue | 726.56% | -145.65% | 194.86% | 30.92% | 127.21% | 121.79% | 628.97% | 175.86% | 34.81% | 56.55% | 49.77% | 29.36% | 701.61% | 18712.5% | 1418.23% | 644.61% | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -7.5M | 0 | 4.4M | 14.01M | 24.34M | -4.04M | 16.11M | 35.65M | 653K | -17.16M | 0 | 0 | 0 | 0 | -79.6M | 0 | 0 | 0 | 0 |
| Cash from Financing | 14.05M | 34.6M | 8.06M | 816K | -13K | 125K | -8K | 138K | -81K | 65K | 26.03M | -139K | -303K | 148K | -534K | -443K | -3.24M | 256.91M | 19.63M | 39K |
| Debt Issued (Net) | 9.2M | 0 | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -933K | -400K | -400K | -400K | -533K | -484K | -483K | -20.48M | 19.61M | -97K |
| Equity Issued (Net) | 15.69M | 32.93M | 4.06M | 816K | -17K | -52K | -67K | -97K | -81K | -145K | 27.05M | 268K | 104K | 0 | 7K | 0 | -2.81M | 15.56M | 10K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -14K | -9K | -10K | -17K | -52K | -67K | -97K | -81K | -145K | -83K | -82K | 0 | 0 | 0 | 0 | -2.81M | 0 | 0 | 0 |
| Other Financing | -10.84M | 1.67M | 0 | 0 | 4K | 177K | 59K | 235K | 0 | 210K | -86K | -7K | -7K | 548K | -8K | 41K | 47K | 261.83M | 7K | 136K |
| Net Change in Cash | 1.31M | 10.94M | 2.64M | -7.88M | -5M | 520K | -23.92M | 412K | 15.7M | -17.01M | 6.89M | -57.56M | 53.24M | -8.08M | -69.81M | -99.62M | -26.66M | 230.92M | -26.41K | -8.54M |
| Free Cash Flow | -14.39M | -16.17M | -5.42M | -13.09M | -19M | -23.95M | -19.87M | -15.83M | -19.86M | -17.73M | -1.99M | -19.85M | -21.12M | -27.99M | -24.81M | -19.58M | -23.41M | -25.98M | -13.43M | -8.58M |
| FCF Margin % | -11241.41% | 1018.07% | -2530.84% | -555.05% | -3171.95% | -840.25% | -5534.82% | -4549.71% | -725.46% | -633.98% | -128.67% | -702.23% | -5677.42% | -174962.5% | -12921.88% | -2854.37% | - | - | - | - |
| FCF Growth % | 24.27% | 32.49% | 72.74% | 17.34% | 4.34% | -35.1% | -899.5% | 20.24% | 5.95% | 36.68% | 91.99% | -1.38% | 9.8% | -7.73% | -84.68% | -128.19% | -253.91% | -468.1% | -181.28% | -101.24% |
| FCF per Share | -0.49 | -0.81 | -0.38 | -1.07 | -1.58 | -0.14 | -0.11 | -0.09 | -0.11 | -0.10 | -0.01 | -0.13 | -0.14 | -0.18 | -0.16 | -0.13 | -0.15 | -0.19 | -0.43 | -4.12 |
| FCF Conversion (FCF/Net Income) | 0.85x | 0.58x | 0.56x | 1.12x | 1.01x | 0.87x | 0.78x | 0.69x | 1.03x | 1.00x | 0.07x | 0.83x | 0.85x | 1.00x | 0.70x | 0.97x | 3.39x | 0.13x | 0.26x | 0.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 403K | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |