ESS Tech, Inc. (GWH) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 128K | -1.59M | 214K | 2.36M | 599K | 2.85M | 359K | 348K | 2.74M | 2.8M | 1.54M | 2.83M | 372K | 16K | 192K | 686K | 0 | 0 | 0 | 0 |
| Revenue Growth % | -78.63% | -155.72% | -40.39% | 577.59% | -78.12% | 1.93% | -76.76% | -87.69% | 636.02% | 17375% | 704.69% | 312.1% | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 7.17M | 13.85M | 4.94M | 7.46M | 8.75M | 16.04M | 12.74M | 11.75M | 11.13M | 10.31M | 10.18M | 0 | 0 | 1M | 358K | 547K | 0 | 572K | 0 | 0 |
| COGS % of Revenue | 5598.44% | -872.23% | 2307.94% | 316.33% | 1460.1% | 562.74% | 3549.03% | 3375.86% | 406.36% | 368.81% | 659.09% | - | - | 6256.24% | 186.46% | 79.74% | - | - | - | - |
| Gross Profit | -7.04M | -15.44M | -4.72M | -5.1M | -8.15M | -13.19M | -12.38M | -11.4M | -8.39M | -7.52M | -8.64M | 2.83M | 372K | -985K | -166K | 139K | 0 | -572K | 0 | 0 |
| Gross Margin % | -5498.44% | 972.23% | -2207.94% | -216.33% | -1360.1% | -462.74% | -3449.03% | -3275.86% | -306.36% | -268.81% | -559.09% | 100% | 100% | -6156.25% | -86.46% | 20.26% | - | - | - | - |
| Gross Profit Growth % | 13.61% | -17.07% | 61.84% | 55.25% | 2.87% | -75.47% | -43.34% | -503.25% | -2354.84% | -663.05% | -5103.61% | 1933.81% | - | -72.2% | - | - | - | - | - | - |
| Operating Expenses | 6.74M | 747K | 5.09M | 6.46M | 10M | 10.31M | 11.3M | 11.72M | 11.11M | 11.55M | 9.5M | 27.03M | 24.87M | 30.41M | 27.57M | 24.32M | 22.19M | 30.85M | 11.04M | 10.15M |
| OpEx % of Revenue | 5267.19% | -47.04% | 2376.64% | 273.79% | 1669.28% | 361.72% | 3147.63% | 3369.25% | 405.62% | 413.05% | 614.63% | 956.28% | 6685.75% | 190068.75% | 14356.77% | 3544.46% | - | - | - | - |
| Selling, General & Admin | 4.12M | 4.83M | 4.06M | 5.03M | 7.52M | 7.6M | 8.62M | 8.89M | 7.56M | 7.71M | 7.89M | 7.58M | 7.14M | 7.62M | 7.44M | 8.15M | 9.29M | 20.29M | 3.36M | 3.93M |
| SG&A % of Revenue | 3216.41% | -303.9% | 1896.73% | 213.4% | 1255.59% | 266.77% | 2400% | 2554.31% | 276.11% | 275.64% | 510.49% | 268.27% | 1919.09% | 47637.5% | 3873.96% | 1188.05% | - | - | - | - |
| Research & Development | 2.63M | 3.37M | 1.03M | 1.42M | 2.48M | 2.71M | 2.68M | 2.84M | 3.55M | 3.84M | 1.61M | 19.45M | 17.73M | 22.79M | 20.13M | 16.16M | 12.9M | 10.56M | 7.67M | 6.22M |
| R&D % of Revenue | 2050.78% | -212.09% | 479.91% | 60.39% | 413.69% | 94.95% | 747.63% | 814.94% | 129.51% | 137.41% | 104.14% | 688.01% | 4766.67% | 142431.25% | 10482.81% | 2356.41% | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -13.78M | -16.19M | -9.81M | -11.56M | -18.15M | -23.5M | -23.68M | -23.13M | -19.49M | -19.07M | -18.13M | -24.21M | -24.5M | -31.4M | -27.73M | -24.18M | -22.19M | -31.42M | -11.04M | -10.15M |
| Operating Margin % | -10765.63% | 1019.27% | -4584.58% | -490.12% | -3029.38% | -824.46% | -6596.66% | -6645.11% | -711.98% | -681.87% | -1173.72% | -856.28% | -6585.75% | -196225% | -14443.23% | -3524.2% | - | - | - | - |
| Operating Income Growth % | 24.06% | 31.11% | 58.57% | 50.02% | 6.91% | -23.25% | -30.59% | 4.47% | 20.43% | 39.28% | 34.61% | -0.13% | -10.42% | 0.08% | -151.28% | -138.09% | -167.84% | -478.14% | -127.83% | -185.3% |
| EBITDA | -11.4M | -15.02M | -8.32M | -10.01M | -16.61M | -22.07M | -22.9M | -21.82M | -18.27M | -15.74M | -17.05M | -23.18M | -23.42M | -30.4M | -27.37M | -23.63M | -21.99M | -30.85M | -10.9M | -10.02M |
| EBITDA Margin % | -8907.03% | 945.65% | -3890.19% | -424.6% | -2772.29% | -774.56% | -6379.11% | -6270.98% | -667.46% | -562.91% | -1103.69% | -819.92% | -6296.24% | -189968.76% | -14256.77% | -3444.46% | - | - | - | - |
| EBITDA Growth % | 31.34% | 31.97% | 63.65% | 54.12% | 9.13% | -40.26% | -34.3% | 5.85% | 21.98% | 48.22% | 37.7% | 1.9% | -6.5% | 1.47% | -151.22% | -135.82% | -169.71% | -481.53% | -130.12% | -189.93% |
| D&A (Non-Cash Add-back) | 2.38M | 1.17M | 1.49M | 1.54M | 1.54M | 1.42M | 781K | 1.3M | 1.22M | 3.33M | 1.08M | 1.03M | 1.08M | 1M | 358K | 547K | 196K | 572K | 140K | 134K |
| EBIT | -13.78M | -16.19M | -9.92M | -11.56M | -18.15M | -23.5M | -23.68M | -23.13M | -19.49M | -19.07M | -18.13M | -24.21M | -24.5M | -25.07M | -31.6M | -15.59M | -22.19M | -180.53M | -11.04M | -10.15M |
| Net Interest Income | 2.5M | -5.25M | -456K | 30K | 216K | 477K | 807K | 1.05M | 1.24M | 1.52M | 1.16M | 1.33M | 1.25M | 1.19M | 781K | 247K | -29K | -193K | -1.58M | -54K |
| Interest Income | 0 | 0 | 0 | 30K | 216K | 477K | 807K | 1.05M | 1.24M | 1.52M | 1.16M | 1.33M | 1.25M | 1.19M | 781K | 247K | 0 | 0 | 0 | 0 |
| Interest Expense | -2.5M | 5.25M | 456K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 29K | 193K | 1.58M | 54K |
| Other Income/Expense | -2.14M | -7.8M | -564K | 501K | 120K | 18K | 1.19M | 1.19M | 1.18M | 2.94M | 1.52M | 1.28M | 2.6M | 6.32M | -3.87M | 8.59M | 16.48M | -149.3M | -40.29M | -80.29M |
| Pretax 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 | -180.73M | -51.33M | -90.44M |
| Pretax Margin % | -12439.06% | 1510.26% | -4848.13% | -468.87% | -3009.35% | -823.82% | -6265.46% | -6304.6% | -668.74% | -576.9% | -1075.6% | -811.07% | -5887.37% | -156718.75% | -16456.77% | -2272.3% | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | -180.73M | -51.33M | -90.44M |
| Net Margin % | -12439.06% | 1510.26% | -4848.13% | -468.87% | -3009.35% | -823.82% | -6265.46% | -6304.6% | -668.74% | -576.9% | -1075.6% | -811.07% | -5887.37% | -156718.75% | -16456.77% | -2272.3% | - | - | - | - |
| Net Income Growth % | 11.67% | -2.15% | 53.87% | 49.61% | 1.55% | -45.56% | -35.35% | 4.31% | 16.4% | 35.67% | 47.41% | -47.09% | -283.62% | 86.13% | 38.44% | 82.76% | 96.31% | -646.22% | -1752.22% | -4022.24% |
| Net Income (Continuing) | -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 | -180.73M | -51.33M | -90.44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.54 | -1.20 | -0.73 | -0.90 | -1.50 | -1.97 | -1.90 | -1.87 | -1.57 | -1.39 | -1.59 | -2.22 | -2.13 | -1.83 | -3.85 | -1.53 | 1.07 | -19.95 | -24.64 | -43.41 |
| EPS Growth % | 64% | 39.09% | 61.58% | 51.87% | 4.46% | -41.73% | -19.5% | 15.77% | 26.29% | 24.04% | 58.7% | -45.1% | -299.07% | 90.83% | 84.38% | 96.48% | 101.44% | -71.54% | -1752.63% | -13903.23% |
| EPS (Basic) | -0.54 | -1.20 | -0.73 | -0.90 | -1.50 | -1.97 | -1.90 | -1.87 | -1.57 | -1.39 | -1.59 | -2.22 | -2.13 | -1.83 | -3.85 | -1.53 | 1.07 | -19.95 | -24.64 | -43.41 |
| Diluted Shares Outstanding | 29.29M | 19.93M | 14.15M | 12.27M | 12.03M | 176.6M | 177.22M | 175.76M | 174.51M | 173.55M | 157.08M | 154.9M | 154.12M | 153.41M | 152.86M | 152.72M | 151.68M | 135.89M | 31.25M | 2.08M |
| Basic Shares Outstanding | 29.29M | 19.93M | 14.15M | 12.27M | 12.03M | 176.6M | 177.22M | 175.76M | 174.51M | 173.55M | 157.08M | 154.9M | 154.12M | 153.41M | 152.86M | 152.72M | 151.68M | 135.89M | 31.25M | 2.08M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |